Glenview Trust Co Cuts Stock Holdings in Constellation Brands Inc $STZ

Glenview Trust Co reduced its stake in Constellation Brands Inc (NYSE:STZ) by 13.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 55,621 shares of the company’s stock after selling 8,814 shares during the quarter. Glenview Trust Co’s holdings in Constellation Brands were worth $7,490,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of STZ. denkapparat Operations GmbH bought a new stake in shares of Constellation Brands in the 3rd quarter worth $211,000. Zions Bancorporation National Association UT boosted its holdings in Constellation Brands by 502.4% during the third quarter. Zions Bancorporation National Association UT now owns 1,976 shares of the company’s stock worth $266,000 after purchasing an additional 1,648 shares during the last quarter. Vanguard Group Inc. grew its position in Constellation Brands by 3.3% in the 3rd quarter. Vanguard Group Inc. now owns 18,202,611 shares of the company’s stock worth $2,451,346,000 after purchasing an additional 573,766 shares in the last quarter. Eagle Rock Investment Company LLC grew its position in Constellation Brands by 15.3% in the 3rd quarter. Eagle Rock Investment Company LLC now owns 28,204 shares of the company’s stock worth $3,798,000 after purchasing an additional 3,744 shares in the last quarter. Finally, HighTower Advisors LLC increased its stake in Constellation Brands by 20.0% in the 3rd quarter. HighTower Advisors LLC now owns 153,110 shares of the company’s stock valued at $20,620,000 after buying an additional 25,565 shares during the last quarter. 77.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

STZ has been the topic of a number of research analyst reports. Needham & Company LLC restated a “buy” rating and issued a $180.00 target price on shares of Constellation Brands in a research note on Tuesday, January 6th. Sanford C. Bernstein boosted their price objective on Constellation Brands from $195.00 to $197.00 and gave the stock an “outperform” rating in a research report on Friday, January 9th. Citigroup raised their target price on Constellation Brands from $148.00 to $155.00 and gave the company a “neutral” rating in a research report on Friday, January 9th. Piper Sandler cut their price target on shares of Constellation Brands from $155.00 to $135.00 and set a “neutral” rating on the stock in a report on Friday, November 21st. Finally, Zacks Research upgraded shares of Constellation Brands from a “strong sell” rating to a “hold” rating in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $176.91.

Constellation Brands Trading Down 8.1%

Shares of STZ opened at $149.20 on Tuesday. The business has a 50-day moving average of $150.82 and a 200 day moving average of $146.28. Constellation Brands Inc has a fifty-two week low of $126.45 and a fifty-two week high of $196.91. The firm has a market cap of $25.87 billion, a P/E ratio of 23.53, a price-to-earnings-growth ratio of 0.44 and a beta of 0.44. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.70 and a current ratio of 1.34.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Wednesday, January 7th. The company reported $3.06 EPS for the quarter, beating the consensus estimate of $2.63 by $0.43. The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.17 billion. Constellation Brands had a net margin of 11.08% and a return on equity of 29.15%. The company’s revenue was down 9.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.25 earnings per share. Constellation Brands has set its FY 2026 guidance at 11.300-11.600 EPS. As a group, research analysts forecast that Constellation Brands Inc will post 13.5 EPS for the current year.

Constellation Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Thursday, January 29th were issued a $1.02 dividend. The ex-dividend date of this dividend was Thursday, January 29th. This represents a $4.08 annualized dividend and a yield of 2.7%. Constellation Brands’s dividend payout ratio (DPR) is 64.35%.

Constellation Brands Company 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.