Aberdeen Group plc Acquires 63,481 Shares of Constellation Brands Inc $STZ

Key Points

• Aberdeen Group plc increased its stake in Constellation Brands Inc by 93.0% during the 1st quarter, owning about 0.07% of the company worth $24.16 million.
• Analysts have mixed views on Constellation Brands, with 13 buy ratings and one strong buy, while the average price target is set at $213.74.
• Constellation Brands recently announced a quarterly dividend of $1.02, with an annualized yield of 2.5%, despite a negative dividend payout ratio of -170.71%.

Aberdeen Group plc lifted its holdings in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 93.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 131,748 shares of the company's stock after buying an additional 63,481 shares during the period. Aberdeen Group plc owned approximately 0.07% of Constellation Brands worth $24,156,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Minot DeBlois Advisors LLC purchased a new position in shares of Constellation Brands during the 4th quarter worth approximately $29,000. Optiver Holding B.V. acquired a new stake in shares of Constellation Brands in the 4th quarter valued at about $31,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Constellation Brands in the 1st quarter valued at about $32,000. Rakuten Securities Inc. raised its stake in 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 during the period. Finally, Zions Bancorporation National Association UT acquired a new stake in Constellation Brands during the first quarter worth about $38,000. Institutional investors and hedge funds own 77.34% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Bank of America upped their target price on shares of Constellation Brands from $180.00 to $182.00 and gave the stock a "neutral" rating in a research report on Thursday, July 3rd. Wells Fargo & Company reduced their price target on shares of Constellation Brands from $210.00 to $196.00 and set an "overweight" rating for the company in a research report on Wednesday, June 25th. Jefferies Financial Group upgraded shares of Constellation Brands from a "hold" rating to a "buy" rating and upped their price target for the company from $194.00 to $205.00 in a research report on Monday, July 7th. Cowen reaffirmed a "hold" rating on shares of Constellation Brands in a research note on Monday, July 7th. Finally, Roth Capital cut their price target on shares of Constellation Brands from $256.00 to $239.00 and set a "buy" rating on the stock in a report on Tuesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $213.74.

Constellation Brands Stock Down 0.9%

Shares of Constellation Brands stock traded down $1.4730 on Thursday, hitting $164.8270. The company had a trading volume of 1,559,673 shares, compared to its average volume of 2,386,624. The firm has a market capitalization of $29.06 billion, a P/E ratio of -68.97, a P/E/G ratio of 10.04 and a beta of 0.67. Constellation Brands Inc has a twelve month low of $159.35 and a twelve month 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 has a 50-day moving average of $168.40 and a 200-day moving average of $176.05.

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 for the quarter, missing the consensus estimate of $3.45 by ($0.23). The company had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.57 billion. Constellation Brands had a negative net margin of 4.11% and a positive return on equity of 31.41%. The firm's quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter last year, the company earned $3.57 EPS. Constellation Brands has set its FY 2026 guidance at 12.600-12.900 EPS. Research analysts predict that Constellation Brands Inc will post 13.5 earnings per share for the current year.

Constellation Brands Announces Dividend

The business 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. The ex-dividend date of this dividend was Wednesday, July 30th. This represents a $4.08 annualized dividend and a dividend yield of 2.5%. Constellation Brands's dividend payout ratio is presently -170.71%.

Insider Activity at Constellation Brands

In related news, EVP James O. Bourdeau sold 821 shares of the company's stock in a transaction dated Monday, July 21st. The shares were 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 approximately $1,595,022. This represents a 8.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 12.45% of the company's stock.

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.