MBB Public Markets I LLC Purchases New Stake in Constellation Brands Inc $STZ

Key Points

• MBB Public Markets I LLC acquired 1,751 shares of Constellation Brands Inc, valued at approximately $321,000, during the first quarter.
• Multiple large investors, including Vanguard Group Inc and Wellington Management Group LLP, significantly increased their stake in Constellation Brands during the same period, indicating growing institutional interest.
• Constellation Brands announced a quarterly dividend of $1.02 per share with an annual yield of 2.8%, despite having a negative dividend payout ratio of -170.71%.

MBB Public Markets I LLC bought a new position in shares of Constellation Brands Inc (NYSE:STZ - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,751 shares of the company's stock, valued at approximately $321,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. RNC Capital Management LLC boosted its position in Constellation Brands by 6.9% during the first quarter. RNC Capital Management LLC now owns 13,484 shares of the company's stock worth $2,475,000 after purchasing an additional 870 shares during the period. United Services Automobile Association bought a new stake in shares of Constellation Brands in the first quarter valued at approximately $722,000. Great Lakes Advisors LLC boosted its position in shares of Constellation Brands by 0.6% in the first quarter. Great Lakes Advisors LLC now owns 32,278 shares of the company's stock valued at $5,937,000 after acquiring an additional 183 shares during the period. Signature Estate & Investment Advisors LLC boosted its position in shares of Constellation Brands by 280.6% in the first quarter. Signature Estate & Investment Advisors LLC now owns 33,284 shares of the company's stock valued at $6,108,000 after acquiring an additional 24,538 shares during the period. Finally, UniSuper Management Pty Ltd boosted its position in shares of Constellation Brands by 12.2% in the first quarter. UniSuper Management Pty Ltd now owns 15,745 shares of the company's stock valued at $2,890,000 after acquiring an additional 1,716 shares during the period. Institutional investors own 77.34% of the company's stock.

Insider Buying and Selling at Constellation Brands

In other news, EVP James O. Bourdeau sold 821 shares of the firm's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $169.00, for a total value of $138,749.00. Following the completion of the sale, the executive vice president directly owned 9,438 shares in the company, valued at approximately $1,595,022. This trade represents a 8.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 12.45% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on STZ. BNP Paribas cut Constellation Brands from a "hold" rating to a "strong sell" rating in a research report on Wednesday, September 3rd. BMO Capital Markets reduced their price objective on Constellation Brands from $215.00 to $190.00 and set an "outperform" rating for the company in a research report on Thursday, September 4th. Wall Street Zen raised Constellation Brands from a "sell" rating to a "hold" rating in a research report on Tuesday, May 20th. JPMorgan Chase & Co. increased their price objective on Constellation Brands from $170.00 to $182.00 and gave the company a "neutral" rating in a research report on Thursday, July 3rd. Finally, Jefferies Financial Group reduced their price objective on Constellation Brands from $205.00 to $179.00 and set a "buy" rating for the company in a research report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $192.28.

Constellation Brands Stock Performance

Shares of NYSE STZ traded down $3.46 during trading hours on Friday, reaching $139.52. The stock had a trading volume of 2,445,127 shares, compared to its average volume of 2,625,656. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.07 and a quick ratio of 0.68. The business's fifty day moving average is $164.56 and its two-hundred day moving average is $174.11. Constellation Brands Inc has a twelve month low of $139.45 and a twelve month high of $261.06. The company has a market cap of $24.60 billion, a price-to-earnings ratio of -58.38, a PEG ratio of 0.42 and a beta of 1.75.

Constellation Brands (NYSE:STZ - Get Free Report) last released its quarterly earnings data on Tuesday, July 1st. The company reported $3.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.45 by ($0.23). Constellation Brands had a positive return on equity of 31.41% and a negative net margin of 4.11%.The company had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the prior year, the company earned $3.57 earnings per share. The business's revenue was down 5.5% compared to the same quarter last year. Constellation Brands has set its FY 2026 guidance at 12.600-12.900 EPS. As a group, research analysts expect that Constellation Brands Inc will post 13.5 EPS for the current year.

Constellation Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Wednesday, July 30th were paid a $1.02 dividend. The ex-dividend date was Wednesday, July 30th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.9%. Constellation Brands's dividend payout ratio (DPR) is -170.71%.

Constellation Brands Company Profile

Constellation Brands, Inc, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company provides beer primarily under the Corona Extra, Corona Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands.