6,674 Shares in Constellation Brands Inc $STZ Acquired by AG2R LA Mondiale Gestion D Actifs

Key Points

• AG2R LA Mondiale Gestion D Actifs acquired 6,674 shares of Constellation Brands valued at approximately $1,190,000 in the 1st quarter, marking a new investment in the company.
• Constellation Brands reported a Q2 EPS of $3.22, missing the consensus estimate of $3.45 by $0.23, with a quarterly revenue of $2.52 billion—down 5.5% year-over-year.
• The company recently declared a quarterly dividend of $1.02 per share, translating to an annualized yield of 2.9%.

AG2R LA Mondiale Gestion D Actifs acquired a new stake in Constellation Brands Inc (NYSE:STZ - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,674 shares of the company's stock, valued at approximately $1,190,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Piscataqua Savings Bank increased its position in shares of Constellation Brands by 1.7% during the first quarter. Piscataqua Savings Bank now owns 3,720 shares of the company's stock worth $683,000 after acquiring an additional 62 shares during the last quarter. Strategic Financial Concepts LLC increased its holdings in shares of Constellation Brands by 5.8% in the first quarter. Strategic Financial Concepts LLC now owns 1,128 shares of the company's stock valued at $207,000 after buying an additional 62 shares in the last quarter. World Investment Advisors raised its stake in Constellation Brands by 1.7% during the 1st quarter. World Investment Advisors now owns 3,801 shares of the company's stock valued at $698,000 after purchasing an additional 62 shares during the period. Moody National Bank Trust Division raised its stake in Constellation Brands by 0.9% during the 1st quarter. Moody National Bank Trust Division now owns 6,991 shares of the company's stock valued at $1,283,000 after purchasing an additional 64 shares during the period. Finally, Bessemer Group Inc. grew its holdings in shares of Constellation Brands by 3.0% during the 1st quarter. Bessemer Group Inc. now owns 2,242 shares of the company's stock valued at $412,000 after acquiring an additional 65 shares in the last quarter. Institutional investors and hedge funds own 77.34% of the company's stock.

Insider Activity at Constellation Brands

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

Constellation Brands Trading Down 0.7%

STZ traded down $0.94 during mid-day trading on Tuesday, hitting $134.48. The stock had a trading volume of 2,902,604 shares, compared to its average volume of 2,699,734. Constellation Brands Inc has a 1-year low of $133.84 and a 1-year high of $261.06. 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 stock's fifty day simple moving average is $163.13 and its 200-day simple moving average is $173.56. The firm has a market capitalization of $23.71 billion, a price-to-earnings ratio of -56.27, a price-to-earnings-growth ratio of 0.41 and a beta of 0.67.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its quarterly earnings data on Tuesday, July 1st. The company reported $3.22 EPS for the quarter, missing analysts' consensus estimates 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 previous year, the business earned $3.57 earnings per share. The company's revenue was down 5.5% on a year-over-year basis. Constellation Brands has set its FY 2026 guidance at 12.600-12.900 EPS. As a group, research analysts forecast that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Wednesday, July 30th. Constellation Brands's dividend payout ratio (DPR) is -170.71%.

Analysts Set New Price Targets

A number of research firms have issued reports on STZ. Roth Capital restated a "buy" rating and set a $209.00 price target (down from $239.00) on shares of Constellation Brands in a report on Wednesday, September 3rd. Bank of America decreased their price objective on shares of Constellation Brands from $150.00 to $142.00 and set an "underperform" rating on the stock in a research note on Wednesday, September 3rd. The Goldman Sachs Group decreased their price objective on shares of Constellation Brands from $225.00 to $196.00 and set a "buy" rating on the stock in a research note on Tuesday, September 2nd. Wall Street Zen raised shares of Constellation Brands from a "sell" rating to a "hold" rating in a research note on Tuesday, May 20th. Finally, BMO Capital Markets decreased their price objective on shares of Constellation Brands from $215.00 to $190.00 and set an "outperform" rating on the stock in a research note on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $192.28.

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.