35,201 Shares in Constellation Brands Inc $STZ Bought by Strs Ohio

Key Points

• Strs Ohio acquired 35,201 shares of Constellation Brands Inc for approximately $6.46 million, indicating growing institutional interest in the company.
• Constellation Brands reported Q1 earnings of $3.22 per share, falling short of the $3.45 consensus estimate, along with a revenue decline of 5.5% year-over-year.
• The stock has experienced a trading decline of 2.4%, with a current market cap of $24.60 billion and a forecasted FY 2026 EPS of 12.600-12.900.

Strs Ohio acquired a new position in shares of Constellation Brands Inc (NYSE:STZ - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 35,201 shares of the company's stock, valued at approximately $6,460,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Laurel Wealth Advisors LLC purchased a new stake in shares of Constellation Brands during the first quarter worth $32,000. Rakuten Securities Inc. raised its holdings in shares of Constellation Brands by 805.0% during the first quarter. Rakuten Securities Inc. now owns 181 shares of the company's stock worth $33,000 after acquiring an additional 161 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new stake in shares of Constellation Brands during the fourth quarter worth $44,000. Zions Bancorporation National Association UT purchased a new stake in shares of Constellation Brands during the first quarter worth $38,000. Finally, Flaharty Asset Management LLC bought a new position in Constellation Brands during the first quarter valued at about $39,000. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Constellation Brands Trading Down 2.4%

Shares of NYSE:STZ opened at $139.52 on Monday. The company has a market cap of $24.60 billion, a P/E ratio of -58.38, a P/E/G ratio of 0.42 and a beta of 1.75. The stock's 50-day moving average is $164.56 and its 200-day moving average is $174.11. Constellation Brands Inc has a 52-week low of $139.45 and a 52-week high of $261.06. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.68 and a current ratio of 1.07.

Constellation Brands (NYSE:STZ - Get Free Report) last issued 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 business had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same period in the prior year, the business posted $3.57 earnings per share. The company's revenue for the quarter 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. Equities research analysts predict that Constellation Brands Inc will post 13.5 earnings per share for the current year.

Constellation Brands Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Roth Capital restated a "buy" rating and set a $209.00 target price (down from $239.00) on shares of Constellation Brands in a report on Wednesday, September 3rd. Zacks Research lowered Constellation Brands from a "hold" rating to a "strong sell" rating in a report on Tuesday, September 9th. The Goldman Sachs Group cut their target price on Constellation Brands from $225.00 to $196.00 and set a "buy" rating on the stock in a report on Tuesday, September 2nd. BMO Capital Markets cut their target price on Constellation Brands from $215.00 to $190.00 and set an "outperform" rating on the stock in a report on Thursday, September 4th. Finally, Cowen restated a "hold" rating on shares of Constellation Brands in a report on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $192.28.

Insiders Place Their Bets

In other Constellation Brands news, EVP James O. Bourdeau sold 821 shares of Constellation Brands stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $169.00, for a total transaction of $138,749.00. Following the sale, the executive vice president directly owned 9,438 shares of the company's stock, valued at approximately $1,595,022. The trade was a 8.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 12.45% of the company's stock.

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.

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