Constellation Brands Inc $STZ Stock Sold by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. trimmed its position in Constellation Brands Inc (NYSE:STZ) by 19.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,512 shares of the company’s stock after selling 7,980 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in Constellation Brands were worth $3,789,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Moody National Bank Trust Division lifted its position in shares of Constellation Brands by 50.7% in the 3rd quarter. Moody National Bank Trust Division now owns 7,120 shares of the company’s stock valued at $805,000 after acquiring an additional 2,394 shares in the last quarter. Ables Iannone Moore & Associates Inc. grew its position in Constellation Brands by 105.2% during the 3rd quarter. Ables Iannone Moore & Associates Inc. now owns 16,904 shares of the company’s stock worth $1,911,000 after purchasing an additional 8,667 shares in the last quarter. Rosenberg Matthew Hamilton grew its position in Constellation Brands by 14.1% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,101 shares of the company’s stock worth $124,000 after purchasing an additional 136 shares in the last quarter. Tompkins Financial Corp raised its stake in Constellation Brands by 2.6% during the 3rd quarter. Tompkins Financial Corp now owns 3,745 shares of the company’s stock valued at $423,000 after purchasing an additional 95 shares during the period. Finally, Junto Capital Management LP purchased a new stake in shares of Constellation Brands in the second quarter valued at $21,683,000. 77.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on STZ shares. Citigroup reaffirmed a “negative” rating on shares of Constellation Brands in a research report on Wednesday. UBS Group dropped their price target on Constellation Brands from $168.00 to $145.00 and set a “buy” rating on the stock in a research report on Wednesday, September 23rd. Barclays reduced their price objective on Constellation Brands from $132.00 to $122.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 22nd. Freedom Capital lowered Constellation Brands from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Finally, Sanford C. Bernstein lowered their target price on Constellation Brands from $197.00 to $180.00 and set an “outperform” rating on the stock in a research note on Monday, September 28th. Eleven research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $157.29.

More Constellation Brands News

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

• Positive Sentiment: Constellation reported adjusted EPS of $3.74 and revenue of $2.633 billion, exceeding estimates of $3.55 and $2.54 billion, respectively. Revenue increased 6.1% year over year, helped by higher beer shipments and stronger wine and spirits sales. Constellation Brands Says Beer Sales Grew 3X Faster than Nearest Peer
• Positive Sentiment: Beer sales grew 5%, while wine and spirits revenue rose 17%. Pacifico, Victoria and Modelo Chelada helped offset weaker volumes for Modelo Especial and Corona Extra, suggesting some brands are gaining traction. Constellation Brands Profit Rises on Higher Beer, Spirits Sales
• Positive Sentiment: The acquisition of SpikedAde for $75 million at closing, plus potential contingent payments, expands STZ into the fast-growing spirit-based ready-to-drink category. The company also maintained its full-year profit framework and declared a $1.03 quarterly dividend, equivalent to a 3.5% yield based on the supplied stock data. Constellation Brands Announces Acquisition of SpikedAde
• Neutral Sentiment: Strong year-to-date operating cash flow and approximately $1.1 billion of free cash flow provide financial flexibility, although institutional positioning was mixed, with more investors reducing holdings than adding them in the latest reported quarter.
• Negative Sentiment: Investors focused on the durability of demand: Modelo Especial depletions fell about 2% and Corona Extra declined about 5%. Analysts said the beer turnaround remains unproven as consumers continue to show cautious spending behavior. Constellation Brands Stock Sinks as Beer Sales Demand Faces Durability Question
• Negative Sentiment: Morgan Stanley warned of second-half margin pressure, while Bank of America cut its price target because flagship-brand weakness could persist. The full-year EPS range of $11.20-$11.90 was viewed as cautious relative to consensus, limiting the benefit of the quarterly beat. Morgan Stanley Flags Second-Half Margin Pressure
• Negative Sentiment: Investors also remain concerned that Constellation previously spent $5.4 billion on buybacks at an average price of $214 per share, well above current levels, raising questions about capital-allocation timing.

Constellation Brands Stock Up 2.1%

Shares of NYSE STZ traded up $2.48 during mid-day trading on Wednesday, reaching $118.15. The company had a trading volume of 6,338,785 shares, compared to its average volume of 2,264,176. Constellation Brands Inc has a twelve month low of $110.60 and a twelve month high of $168.60. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.48 and a current ratio of 0.91. The stock has a market capitalization of $20.18 billion, a PE ratio of 11.27, a price-to-earnings-growth ratio of 2.25 and a beta of 1.75. The stock’s 50 day moving average is $126.30 and its 200-day moving average is $138.65.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Tuesday, October 6th. The company reported $3.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.55 by $0.19. Constellation Brands had a return on equity of 25.58% and a net margin of 18.87%.The firm had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.54 billion. During the same quarter last year, the firm earned $3.63 earnings per share. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. As a group, equities analysts anticipate that Constellation Brands Inc will post 11.81 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Friday, October 30th. Constellation Brands’s payout ratio is currently 39.31%.

Constellation Brands Company Profile

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.