Landscape Capital Management L.L.C. Purchases New Shares in Constellation Brands Inc $STZ

Key Points

• Landscape Capital Management has acquired a new position in Constellation Brands Inc, purchasing 18,278 shares valued at approximately $3.35 million.
• Constellation Brands reported Q1 earnings of $3.22 per share, falling short of analysts' expectations of $3.45, while quarterly revenue declined by 5.5% from the previous year.
• The company announced a quarterly dividend of $1.02, representing a 2.5% yield, with an annualized dividend total of $4.08.

Landscape Capital Management L.L.C. acquired a new stake in shares of Constellation Brands Inc (NYSE:STZ - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 18,278 shares of the company's stock, valued at approximately $3,354,000.

Other hedge funds have also recently modified their holdings of the company. Minot DeBlois Advisors LLC bought a new stake in shares of Constellation Brands during the 4th quarter valued at $29,000. Optiver Holding B.V. bought a new stake in shares of Constellation Brands during the 4th quarter valued at $31,000. Laurel Wealth Advisors LLC bought a new stake in shares of Constellation Brands during the 1st quarter valued at $32,000. Rakuten Securities Inc. lifted its stake in shares of Constellation Brands by 805.0% during the 1st quarter. Rakuten Securities Inc. now owns 181 shares of the company's stock valued at $33,000 after buying an additional 161 shares in the last quarter. Finally, Zions Bancorporation National Association UT purchased a new position in shares of Constellation Brands during the 1st quarter valued at $38,000. Institutional investors own 77.34% of the company's stock.

Constellation Brands Price Performance

Shares of NYSE STZ traded up $2.73 during mid-day trading on Friday, hitting $161.82. 1,773,426 shares of the company's stock traded hands, compared to its average volume of 1,810,508. The company's 50-day moving average is $168.32 and its two-hundred day moving average is $175.79. 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 company has a market capitalization of $28.53 billion, a P/E ratio of -67.71, a PEG ratio of 0.44 and a beta of 0.67. Constellation Brands Inc has a 1 year low of $156.17 and a 1 year high of $261.06.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its earnings results 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 negative net margin of 4.11% and a positive return on equity of 31.41%. The business had revenue of $2.52 billion for the quarter, compared to analysts' expectations of $2.57 billion. During the same quarter in the prior year, the company posted $3.57 earnings per share. The firm's quarterly 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. On average, equities analysts anticipate that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Wednesday, July 30th were issued a $1.02 dividend. The ex-dividend date of this dividend was Wednesday, July 30th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.5%. Constellation Brands's dividend payout ratio (DPR) is currently -170.71%.

Insider Activity

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

Analyst Ratings Changes

A number of brokerages have issued reports on STZ. Needham & Company LLC increased their price target on Constellation Brands from $195.00 to $200.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. Cowen reiterated a "hold" rating on shares of Constellation Brands in a research note on Monday, July 7th. Jefferies Financial Group upgraded Constellation Brands from a "hold" rating to a "buy" rating and increased their price target for the stock from $194.00 to $205.00 in a research note on Monday, July 7th. Bank of America lowered Constellation Brands from a "neutral" rating to an "underperform" rating and set a $150.00 price target for the company. in a research note on Tuesday, August 26th. Finally, Piper Sandler increased their price target on Constellation Brands from $165.00 to $170.00 and gave the stock a "neutral" rating in a research note on Friday, June 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $212.35.

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.