Constellation Brands Inc $STZ Stock Position Boosted by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. increased its position in Constellation Brands Inc (NYSE:STZ) by 418.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,855 shares of the company’s stock after purchasing an additional 40,239 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Constellation Brands were worth $5,637,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in STZ. Continuum Advisory LLC acquired a new position in Constellation Brands in the 2nd quarter worth $33,000. Root Financial Partners LLC purchased a new position in Constellation Brands in the third quarter valued at about $33,000. Hilton Head Capital Partners LLC grew its stake in Constellation Brands by 497.6% during the 3rd quarter. Hilton Head Capital Partners LLC now owns 508 shares of the company’s stock valued at $57,000 after purchasing an additional 423 shares in the last quarter. SBI Securities Co. Ltd. grew its stake in Constellation Brands by 13.7% during the 3rd quarter. SBI Securities Co. Ltd. now owns 654 shares of the company’s stock valued at $74,000 after purchasing an additional 79 shares in the last quarter. Finally, Archer Investment Corp acquired a new stake in Constellation Brands during the 2nd quarter valued at approximately $80,000. 77.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on STZ. JPMorgan Chase & Co. raised their price target on shares of Constellation Brands from $133.00 to $136.00 and gave the stock a “neutral” rating in a research report on Thursday, October 8th. Sanford C. Bernstein dropped their price target on Constellation Brands from $197.00 to $180.00 and set an “outperform” rating on the stock in a research report on Monday, September 28th. Raymond James Financial set a $150.00 price objective on shares of Constellation Brands in a research report on Thursday, September 17th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Constellation Brands in a research report on Tuesday, October 27th. Finally, Morgan Stanley reissued a “negative” rating and issued a $145.00 price target (down from $158.00) on shares of Constellation Brands in a report on Thursday, October 8th. Twelve equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $154.09.

Constellation Brands Price Performance

Shares of NYSE:STZ opened at $144.52 on Friday. The firm’s 50 day moving average is $127.28 and its two-hundred day moving average is $141.13. Constellation Brands Inc has a 52 week low of $110.60 and a 52 week high of $168.60. The firm has a market capitalization of $24.46 billion, a P/E ratio of 12.96, a PEG ratio of 2.95 and a beta of 0.39. The company has a current ratio of 1.00, a quick ratio of 0.53 and a debt-to-equity ratio of 1.02.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Tuesday, October 6th. The company reported $3.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.62 by $0.12. The business had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.54 billion. Constellation Brands had a return on equity of 24.75% and a net margin of 19.57%. The business’s revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm posted $3.63 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 11.85 earnings per share for the current year.

Constellation Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be issued a $1.03 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $4.12 annualized dividend and a dividend yield of 2.9%. Constellation Brands’s dividend payout ratio is currently 36.95%.

Insider Activity

In other news, EVP Samuel Glaetzer sold 750 shares of the stock in a transaction on Monday, November 9th. The stock was sold at an average price of $145.66, for a total transaction of $109,245.00. Following the completion of the sale, the executive vice president owned 3,783 shares in the company, valued at approximately $551,031.78. This represents a 16.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 12.20% of the company’s stock.

About Constellation Brands

Constellation Brands is a beverage alcohol company focused on beer, wine and spirits. Its beer portfolio includes Modelo Especial, Corona Extra and Pacifico, which it markets in the United States under its agreement with Grupo Modelo. The company also owns premium wine and spirits brands, including Robert Mondavi Winery and The Prisoner Wine Company. Its products reach consumers primarily in the United States, with operations and distribution extending to other markets. Founded in 1945 as Canandaigua Wine Company in New York, the business grew through brand development and acquisitions before adopting the Constellation Brands name.