Amundi Purchases 54,158 Shares of Constellation Brands Inc $STZ

Amundi raised its position in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 15.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 412,470 shares of the company's stock after acquiring an additional 54,158 shares during the period. Amundi owned approximately 0.24% of Constellation Brands worth $61,870,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital International Investors grew its stake in shares of Constellation Brands by 48.5% in the 4th quarter. Capital International Investors now owns 6,442,600 shares of the company's stock worth $888,930,000 after buying an additional 2,105,546 shares in the last quarter. Norges Bank purchased a new stake in shares of Constellation Brands during the 4th quarter valued at about $267,798,000. Ameriprise Financial Inc. lifted its holdings in shares of Constellation Brands by 650.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,769,741 shares of the company's stock valued at $287,889,000 after acquiring an additional 1,533,961 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Constellation Brands by 14.0% in the 4th quarter. Wellington Management Group LLP now owns 6,018,653 shares of the company's stock valued at $830,333,000 after acquiring an additional 739,393 shares during the last quarter. Finally, Pzena Investment Management LLC purchased a new position in Constellation Brands in the fourth quarter worth about $81,381,000. 77.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Freedom Capital lowered Constellation Brands from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 1st. Citigroup reissued a "buy" rating on shares of Constellation Brands in a research report on Monday, May 18th. Roth Capital restated a "buy" rating and set a $209.00 price target on shares of Constellation Brands in a report on Thursday, July 2nd. BMO Capital Markets restated an "outperform" rating and issued a $190.00 price target on shares of Constellation Brands in a research report on Thursday, July 2nd. Finally, Bank of America dropped their price objective on shares of Constellation Brands from $152.00 to $145.00 and set an "underperform" rating for the company in a research note on Thursday, July 2nd. Eleven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $167.53.

Constellation Brands Stock Up 0.1%

NYSE:STZ opened at $130.30 on Monday. Constellation Brands Inc has a twelve month low of $126.45 and a twelve month high of $174.32. The company has a market cap of $22.25 billion, a price-to-earnings ratio of 12.43, a price-to-earnings-growth ratio of 4.05 and a beta of 0.40. The stock has a fifty day simple moving average of $137.64 and a 200-day simple moving average of $148.73. The company has a current ratio of 0.91, a quick ratio of 0.48 and a debt-to-equity ratio of 1.06.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its quarterly earnings data on Tuesday, June 30th. The company reported $3.43 earnings per share for the quarter, missing analysts' consensus estimates of $3.70 by ($0.27). Constellation Brands had a net margin of 18.87% and a return on equity of 25.58%. The company had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter in the previous year, the business earned $3.22 EPS. The company's quarterly revenue was down 3.3% compared to the same quarter last year. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. Analysts anticipate that Constellation Brands Inc will post 11.84 EPS for the current year.

Constellation Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Thursday, July 30th. Constellation Brands's dividend payout ratio is currently 39.31%.

Insider Activity

In other news, EVP James O. Bourdeau sold 4,407 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $143.24, for a total transaction of $631,258.68. Following the transaction, the executive vice president owned 9,109 shares of the company's stock, valued at approximately $1,304,773.16. This represents a 32.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 12.20% of the company's stock.

Constellation Brands Profile

Constellation Brands, Inc is a leading producer and marketer of beer, wine and spirits, with operations spanning production, importation, marketing and distribution. The company's beverage portfolio includes a range of premium and mainstream wines and spirits alongside major imported beer brands; in the U.S. market Constellation is widely known for its role in bringing Mexican imports such as Corona and Modelo to American consumers. Constellation supplies retail, on‑premise and foodservice channels and supports its brands with national sales and marketing platforms and supply‑chain capabilities.

The company traces its roots to the Canandaigua Wine Company, founded by Marvin Sands in 1945, and evolved through organic growth and acquisition into a diversified beverage company.

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