Wellington Management Group LLP Has $531 Million Stock Holdings in Constellation Brands Inc $STZ

Wellington Management Group LLP lowered its position in shares of Constellation Brands Inc (NYSE:STZ) by 42.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,817,651 shares of the company’s stock after selling 2,813,266 shares during the quarter. Wellington Management Group LLP owned about 2.24% of Constellation Brands worth $530,997,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Capital International Investors boosted its stake in shares of Constellation Brands by 48.5% in the fourth quarter. Capital International Investors now owns 6,442,600 shares of the company’s stock valued at $888,930,000 after buying an additional 2,105,546 shares during the period. Norges Bank bought a new position in Constellation Brands during the 4th quarter worth $267,798,000. Ameriprise Financial Inc. raised its holdings in Constellation Brands by 650.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,769,741 shares of the company’s stock valued at $287,889,000 after acquiring an additional 1,533,961 shares in the last quarter. Pzena Investment Management LLC acquired a new position in Constellation Brands in the 4th quarter valued at $81,381,000. Finally, Capital World Investors lifted its position in shares of Constellation Brands by 8.3% during the 4th quarter. Capital World Investors now owns 7,238,575 shares of the company’s stock valued at $998,740,000 after acquiring an additional 553,974 shares during the period. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on STZ shares. BMO Capital Markets restated an “outperform” rating and issued a $190.00 price target on shares of Constellation Brands in a research report on Thursday, July 2nd. Barclays reduced their price objective on shares of Constellation Brands from $139.00 to $132.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 21st. Needham & Company LLC reissued a “buy” rating and set a $185.00 price target on shares of Constellation Brands in a report on Thursday, July 2nd. Wells Fargo & Company cut their target price on shares of Constellation Brands from $185.00 to $170.00 and set an “overweight” rating on the stock in a research report on Monday, June 29th. Finally, Freedom Capital downgraded Constellation Brands from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. Eleven equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $167.53.

Constellation Brands Stock Down 0.7%

Constellation Brands stock opened at $130.57 on Friday. Constellation Brands Inc has a 1-year low of $126.45 and a 1-year high of $168.60. The firm has a market capitalization of $22.30 billion, a price-to-earnings ratio of 12.46, a price-to-earnings-growth ratio of 4.07 and a beta of 0.40. The firm’s fifty day moving average price is $134.30 and its two-hundred day moving average price is $145.16. 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 (NYSE:STZ) last posted its 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). Constellation Brands had a return on equity of 25.58% and a net margin of 18.87%.The business had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.39 billion. During the same period in the previous year, the firm earned $3.22 earnings per share. The company’s revenue was down 3.3% on a year-over-year basis. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. On average, equities research analysts predict that Constellation Brands Inc will post 11.84 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, July 30th were paid a $1.03 dividend. The ex-dividend date of this dividend was Thursday, July 30th. This represents a $4.12 annualized dividend and a dividend yield of 3.2%. Constellation Brands’s dividend payout ratio is 39.31%.

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.