Ancora Advisors LLC Has $2.03 Million Stake in Constellation Brands Inc $STZ

Key Points

• Ancora Advisors LLC significantly increased its stake in Constellation Brands by 258.9%, acquiring over 7,900 additional shares, bringing its total investment to approximately $2.03 million.
• Constellation Brands announced a quarterly dividend of $1.02 per share, yielding 2.8%, but its dividend payout ratio currently stands at a negative 170.71%.
• Analyst ratings for Constellation Brands vary, with one Strong Buy, fourteen Buy, eight Hold, and three Sell ratings, resulting in an average consensus target price of $194.36.

Ancora Advisors LLC boosted its holdings in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 258.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,070 shares of the company's stock after purchasing an additional 7,986 shares during the period. Ancora Advisors LLC's holdings in Constellation Brands were worth $2,032,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Federation des caisses Desjardins du Quebec increased its holdings in Constellation Brands by 65.6% during the 1st quarter. Federation des caisses Desjardins du Quebec now owns 21,709 shares of the company's stock valued at $3,984,000 after purchasing an additional 8,597 shares in the last quarter. Perbak Capital Partners LLP acquired a new stake in Constellation Brands during the 1st quarter valued at $367,000. Chiron Capital Management LLC acquired a new stake in Constellation Brands during the 1st quarter valued at $1,395,000. EP Wealth Advisors LLC acquired a new stake in Constellation Brands during the 1st quarter valued at $1,085,000. Finally, Ashton Thomas Securities LLC increased its holdings in Constellation Brands by 11.5% during the 1st quarter. Ashton Thomas Securities LLC now owns 1,442 shares of the company's stock valued at $263,000 after purchasing an additional 149 shares in the last quarter. 77.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on STZ shares. Raymond James Financial raised Constellation Brands to a "strong-buy" rating in a report on Monday, July 7th. JPMorgan Chase & Co. increased their price objective on Constellation Brands from $170.00 to $182.00 and gave the company a "neutral" rating in a research report on Thursday, July 3rd. Piper Sandler increased their price objective on Constellation Brands from $165.00 to $170.00 and gave the company a "neutral" rating in a research report on Friday, June 6th. Morgan Stanley decreased their price objective on Constellation Brands from $195.00 to $176.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Finally, Bank of America decreased their price objective on Constellation Brands from $150.00 to $142.00 and set an "underperform" rating on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Constellation Brands currently has a consensus rating of "Moderate Buy" and an average price target of $194.36.

Insider Activity

In related news, EVP James O. Bourdeau sold 821 shares of the firm's stock in a transaction 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 owned 9,438 shares of the company's stock, valued at approximately $1,595,022. This trade represents a 8.00% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 12.45% of the stock is owned by corporate insiders.

Constellation Brands Trading Up 1.7%

Shares of NYSE:STZ traded up $2.50 during midday trading on Friday, hitting $148.38. The company had a trading volume of 3,045,709 shares, compared to its average volume of 2,292,581. Constellation Brands Inc has a 12 month low of $144.81 and a 12 month high of $261.06. The company has a current ratio of 1.07, a quick ratio of 0.68 and a debt-to-equity ratio of 1.30. The stock has a market cap of $26.16 billion, a price-to-earnings ratio of -62.08, a PEG ratio of 0.45 and a beta of 0.67. The firm has a fifty day simple moving average of $167.18 and a 200 day simple moving average of $175.26.

Constellation Brands (NYSE:STZ - Get Free Report) last posted 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 positive return on equity of 31.41% and a negative net margin of 4.11%.The company had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the prior year, the business earned $3.57 earnings per share. The firm'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. On average, analysts predict that Constellation Brands Inc will post 13.5 EPS for the current year.

Constellation Brands Announces Dividend

The business also recently declared 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 2.7%. The ex-dividend date was Wednesday, July 30th. Constellation Brands's dividend payout ratio (DPR) is currently -170.71%.

Constellation Brands 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.