Constellation Brands Inc $STZ Stock Acquired by Ables Iannone Moore & Associates Inc.

Ables Iannone Moore & Associates Inc. increased its holdings in shares of Constellation Brands Inc (NYSE:STZ) by 105.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,904 shares of the company’s stock after purchasing an additional 8,667 shares during the quarter. Constellation Brands accounts for approximately 1.0% of Ables Iannone Moore & Associates Inc.’s portfolio, making the stock its 18th biggest position. Ables Iannone Moore & Associates Inc.’s holdings in Constellation Brands were worth $1,911,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of STZ. MV Capital Management Inc. acquired a new stake in shares of Constellation Brands during the fourth quarter valued at about $26,000. Cedar Mountain Advisors LLC acquired a new position in shares of Constellation Brands in the 1st quarter worth approximately $33,000. Root Financial Partners LLC lifted its holdings in shares of Constellation Brands by 231.3% in the 1st quarter. Root Financial Partners LLC now owns 222 shares of the company’s stock worth $33,000 after acquiring an additional 155 shares during the last quarter. Continuum Advisory LLC purchased a new position in shares of Constellation Brands during the 2nd quarter worth approximately $33,000. Finally, Ascentis Independent Advisors purchased a new position in shares of Constellation Brands during the 1st quarter worth approximately $37,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on STZ shares. Bank of America cut their target price on Constellation Brands from $152.00 to $145.00 and set an “underperform” rating on the stock in a research report on Thursday, July 2nd. Jefferies Financial Group dropped their price objective on Constellation Brands from $147.00 to $135.00 and set a “hold” rating for the company in a research note on Monday, September 14th. Morgan Stanley decreased their target price on Constellation Brands from $183.00 to $158.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 2nd. TD Cowen lowered their target price on Constellation Brands from $174.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, September 17th. Finally, UBS Group dropped their target price on Constellation Brands from $168.00 to $145.00 and set a “buy” rating for the company in a research report on Wednesday, September 23rd. Eleven research 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.com, the company has a consensus rating of “Hold” and a consensus target price of $157.40.

Constellation Brands Stock Up 2.7%

STZ stock traded up $3.05 during midday trading on Tuesday, hitting $116.36. The company’s stock had a trading volume of 1,328,045 shares, compared to its average volume of 2,217,685. The firm has a 50-day simple moving average of $126.62 and a 200-day simple moving average of $138.90. The firm has a market capitalization of $19.87 billion, a P/E ratio of 11.09, a PEG ratio of 2.24 and a beta of 0.44. The company has a quick ratio of 0.48, a current ratio of 0.91 and a debt-to-equity ratio of 1.06. Constellation Brands Inc has a 52-week low of $110.60 and a 52-week high of $168.60.

Key Headlines Impacting Constellation Brands

Here are the key news stories impacting Constellation Brands this week:

• Positive Sentiment: Constellation trades at its cheapest valuation in more than a decade, which may attract value-oriented investors ahead of earnings. Investors will focus on beer demand, particularly Corona and Modelo, as well as margins and management’s full-year outlook. STZ Stock Ticks Higher Premarket
• Positive Sentiment: The company’s roughly 3.6% dividend yield may appeal to income investors, with coverage of the upcoming earnings report highlighting the potential for quarterly dividend income. How To Earn $500 a Month From Constellation Brands Stock
• Neutral Sentiment: Wells Fargo lowered its price target from $170 to $140 but retained an “overweight” rating. The new target still implies substantial upside from recent levels, indicating a constructive long-term view despite reduced expectations. Constellation Brands Price Target Cut by Wells Fargo
• Neutral Sentiment: Broader U.S. stock futures were higher, creating a generally supportive market backdrop, although investors remained focused on economic data, Gulf oil flows, and Constellation’s pending results. Wall Street Futures Edge Higher Ahead of Constellation Brands Earnings
• Negative Sentiment: STZ recently fell to an 11-year low, prompting one market commentator to warn that investors could be “catching a falling knife.” Weak sales trends, compressed profits, or a cautious outlook could therefore trigger renewed selling after the report. Constellation Brands Q2 Preview

About Constellation Brands

Constellation Brands, Inc is a beverage alcohol company that develops, markets and distributes beer, wine and spirits. Its portfolio includes well-known beer brands such as Modelo Especial, Corona Extra, Corona Light and Pacifico, along with wine brands including Robert Mondavi, Kim Crawford, Meiomi, The Prisoner Wine Company and Ruffino.

The company also offers spirits through brands such as Casa Noble tequila and High West whiskey. Constellation’s products are sold through retailers, distributors, restaurants and other on-premise locations, with a primary focus on the United States.