Oak Asset Management LLC Reduces Holdings in Constellation Brands Inc $STZ

Oak Asset Management LLC reduced its stake in shares of Constellation Brands Inc (NYSE:STZ) by 61.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,645 shares of the company’s stock after selling 10,496 shares during the quarter. Oak Asset Management LLC’s holdings in Constellation Brands were worth $917,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Root Financial Partners LLC acquired a new stake in Constellation Brands during the 3rd quarter worth $26,000. Stance Capital LLC acquired a new position in Constellation Brands in the third quarter valued at $26,000. GoalVest Advisory LLC acquired a new position in Constellation Brands in the fourth quarter valued at $28,000. Salomon & Ludwin LLC purchased a new stake in shares of Constellation Brands in the third quarter valued at about $30,000. Finally, Abound Wealth Management raised its holdings in shares of Constellation Brands by 341.8% in the third quarter. Abound Wealth Management now owns 243 shares of the company’s stock valued at $33,000 after buying an additional 188 shares during the last quarter. 77.34% of the stock is owned by hedge funds and other institutional investors.

Constellation Brands Stock Up 0.6%

STZ opened at $151.34 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.34 and a quick ratio of 0.70. Constellation Brands Inc has a 12 month low of $126.45 and a 12 month high of $196.91. The stock has a market capitalization of $26.24 billion, a P/E ratio of 23.87, a P/E/G ratio of 0.42 and a beta of 0.44. The business has a 50 day simple moving average of $155.79 and a 200-day simple moving average of $144.43.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Wednesday, January 7th. The company reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.63 by $0.43. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.17 billion. Constellation Brands had a return on equity of 29.15% and a net margin of 11.08%.Constellation Brands’s quarterly revenue was down 9.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.25 earnings per share. Constellation Brands has set its FY 2026 guidance at 11.300-11.600 EPS. On average, equities analysts anticipate that Constellation Brands Inc will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Thursday, January 29th were paid a dividend of $1.02 per share. The ex-dividend date of this dividend was Thursday, January 29th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.7%. Constellation Brands’s dividend payout ratio is 64.35%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. UBS Group set a $168.00 price target on Constellation Brands in a report on Friday, January 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $160.00 price objective on shares of Constellation Brands in a research note on Monday, December 15th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Constellation Brands in a research report on Wednesday, March 18th. Citigroup upgraded Constellation Brands from a “neutral” rating to a “buy” rating and lifted their target price for the company from $155.00 to $175.00 in a research note on Wednesday, March 18th. Finally, Sanford C. Bernstein boosted their target price on Constellation Brands from $195.00 to $197.00 and gave the company an “outperform” rating in a report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $177.82.

Constellation Brands 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.