Plato Investment Management Ltd Invests $757,000 in Constellation Brands Inc $STZ

Plato Investment Management Ltd purchased a new stake in shares of Constellation Brands Inc (NYSE:STZ) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,478 shares of the company’s stock, valued at approximately $757,000.

Several other large investors have also recently bought and sold shares of STZ. MV Capital Management Inc. purchased a new stake in Constellation Brands in the 4th quarter worth about $26,000. Stance Capital LLC acquired a new stake in Constellation Brands during the 3rd quarter worth about $26,000. Strive Financial Group LLC purchased a new position in Constellation Brands during the 4th quarter valued at about $27,000. Cedar Mountain Advisors LLC purchased a new position in Constellation Brands during the 1st quarter valued at about $33,000. Finally, Root Financial Partners LLC grew its stake in Constellation Brands by 231.3% during the 1st quarter. Root Financial Partners LLC now owns 222 shares of the company’s stock valued at $33,000 after acquiring an additional 155 shares in the last quarter. 77.34% of the stock is owned by institutional investors and hedge funds.

Constellation Brands Price Performance

NYSE STZ opened at $131.09 on Wednesday. The company has a quick ratio of 0.48, a current ratio of 0.91 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $22.39 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 4.33 and a beta of 1.75. Constellation Brands Inc has a 12-month low of $126.45 and a 12-month high of $169.00. The company has a 50 day moving average price of $135.81 and a two-hundred day moving average price of $146.55.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $3.43 EPS for the quarter, missing the consensus estimate of $3.70 by ($0.27). The business had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.39 billion. Constellation Brands had a return on equity of 25.58% and a net margin of 18.87%.The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter last year, the company earned $3.22 EPS. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. As a group, equities analysts predict that Constellation Brands Inc will post 11.84 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, July 30th were issued a $1.03 dividend. The ex-dividend date was Thursday, July 30th. This represents a $4.12 dividend on an annualized basis and a yield of 3.1%. Constellation Brands’s dividend payout ratio is currently 39.31%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and issued a $185.00 price target on shares of Constellation Brands in a research report on Thursday, July 2nd. Bank of America lowered their price objective on shares of Constellation Brands from $152.00 to $145.00 and set an “underperform” rating on the stock in a research report on Thursday, July 2nd. Wells Fargo & Company dropped their price objective on shares of Constellation Brands from $185.00 to $170.00 and set an “overweight” rating on the stock in a research note on Monday, June 29th. Piper Sandler reiterated a “neutral” rating and issued a $160.00 target price on shares of Constellation Brands in a research report on Wednesday, July 1st. Finally, Freedom Capital lowered shares of Constellation Brands from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. Eleven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $167.53.

About Constellation Brands

Constellation Brands, Inc is a leading producer and marketer of beer, wine and spirits, with operations spanning production, importation, marketing and distribution. The company’s beverage portfolio includes a range of premium and mainstream wines and spirits alongside major imported beer brands; in the U.S. market Constellation is widely known for its role in bringing Mexican imports such as Corona and Modelo to American consumers. Constellation supplies retail, on‑premise and foodservice channels and supports its brands with national sales and marketing platforms and supply‑chain capabilities.

The company traces its roots to the Canandaigua Wine Company, founded by Marvin Sands in 1945, and evolved through organic growth and acquisition into a diversified beverage company.