1,999 Shares in Constellation Brands Inc $STZ Purchased by Perbak Capital Partners LLP

Key Points

• Perbak Capital Partners LLP acquired 1,999 shares of Constellation Brands, valued at approximately $367,000, reflecting growing institutional interest in the company.
• Constellation Brands reported $3.22 earnings per share, missing expectations by $0.23, and revealed a 5.5% decline in revenue year-over-year to $2.52 billion.
• The company declared a quarterly dividend of $1.02 per share, translating to a 2.5% yield, although it has a high dividend payout ratio of -170.71%.

Perbak Capital Partners LLP bought a new stake in shares of Constellation Brands Inc (NYSE:STZ - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,999 shares of the company's stock, valued at approximately $367,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Harbor Capital Advisors Inc. boosted its position in Constellation Brands by 36.4% in the first quarter. Harbor Capital Advisors Inc. now owns 3,051 shares of the company's stock worth $560,000 after purchasing an additional 815 shares during the last quarter. Golden State Wealth Management LLC increased its stake in Constellation Brands by 137.0% in the 1st quarter. Golden State Wealth Management LLC now owns 2,204 shares of the company's stock worth $405,000 after acquiring an additional 1,274 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in Constellation Brands by 28.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 7,360 shares of the company's stock worth $1,351,000 after acquiring an additional 1,651 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Constellation Brands by 7.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 17,206 shares of the company's stock worth $3,180,000 after acquiring an additional 1,185 shares during the last quarter. Finally, Bessemer Group Inc. boosted its holdings in shares of Constellation Brands by 3.0% in the 1st quarter. Bessemer Group Inc. now owns 2,242 shares of the company's stock worth $412,000 after purchasing an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 77.34% of the company's stock.

Insider Activity at Constellation Brands

In other news, EVP James O. Bourdeau sold 821 shares of the business's stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $169.00, for a total value of $138,749.00. Following the transaction, the executive vice president directly owned 9,438 shares in the company, valued at $1,595,022. The trade was a 8.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 12.45% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on STZ shares. Piper Sandler upped their price objective on Constellation Brands from $165.00 to $170.00 and gave the stock a "neutral" rating in a report on Friday, June 6th. Bank of America dropped their price objective on Constellation Brands from $150.00 to $142.00 and set an "underperform" rating for the company in a report on Wednesday. Wells Fargo & Company reduced their price target on shares of Constellation Brands from $196.00 to $170.00 and set an "overweight" rating on the stock in a research report on Wednesday. Barclays set a $202.00 target price on Constellation Brands and gave the company an "overweight" rating in a research note on Thursday, June 26th. Finally, Sanford C. Bernstein lowered their target price on Constellation Brands from $225.00 to $195.00 and set an "outperform" rating for the company in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $194.36.

Constellation Brands Stock Performance

NYSE:STZ traded down $0.59 during mid-day trading on Thursday, hitting $145.90. 2,757,260 shares of the company traded hands, compared to its average volume of 2,152,833. The stock's fifty day moving average price is $167.43 and its 200-day moving average price is $175.39. Constellation Brands Inc has a one year low of $144.81 and a one year high of $261.06. The company has a quick ratio of 0.68, a current ratio of 1.07 and a debt-to-equity ratio of 1.30. The firm has a market cap of $25.72 billion, a price-to-earnings ratio of -61.05, a price-to-earnings-growth ratio of 0.44 and a beta of 0.67.

Constellation Brands (NYSE:STZ - Get Free Report) last released its quarterly 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 company had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same period in the prior year, the firm posted $3.57 EPS. The business's revenue for the quarter was down 5.5% on a year-over-year basis. Constellation Brands has set its FY 2026 guidance at 12.600-12.900 EPS. Research analysts anticipate that Constellation Brands Inc will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Wednesday, July 30th were given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Wednesday, July 30th. Constellation Brands's payout ratio is presently -170.71%.

About Constellation Brands

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.