Manning & Napier Advisors LLC Invests $799,000 in Constellation Brands Inc $STZ

Manning & Napier Advisors LLC bought a new position in shares of Constellation Brands Inc (NYSE:STZ) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,720 shares of the company’s stock, valued at approximately $799,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Ally Financial Inc. purchased a new stake in Constellation Brands in the second quarter valued at approximately $1,600,000. Shelter Mutual Insurance Co purchased a new position in Constellation Brands during the 2nd quarter worth approximately $1,433,000. Shelter Ins Retirement Plan purchased a new position in Constellation Brands during the 2nd quarter worth approximately $737,177,000. Madison Asset Management LLC acquired a new stake in Constellation Brands during the 2nd quarter valued at approximately $8,192,000. Finally, Great Lakes Advisors LLC acquired a new stake in Constellation Brands during the 2nd quarter valued at approximately $1,016,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Freedom Capital lowered shares of Constellation Brands from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. Citigroup reissued a “buy” rating on shares of Constellation Brands in a report on Monday, May 18th. Bank of America decreased their target price on shares of Constellation Brands from $152.00 to $145.00 and set an “underperform” rating for the company in a research report on Thursday, July 2nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Constellation Brands in a report on Friday, July 31st. Finally, Morgan Stanley cut their price target on Constellation Brands from $183.00 to $158.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 2nd. Eleven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $167.53.

Constellation Brands Trading Down 2.0%

Constellation Brands stock opened at $134.86 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.48 and a debt-to-equity ratio of 1.06. Constellation Brands Inc has a 12 month low of $126.45 and a 12 month high of $168.60. The stock’s 50 day simple moving average is $134.80 and its two-hundred day simple moving average is $145.71. The firm has a market cap of $23.03 billion, a PE ratio of 12.87, a P/E/G ratio of 4.28 and a beta of 0.40.

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

Constellation Brands Dividend Announcement

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

Constellation Brands Profile

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.