APG Asset Management N.V. Has $16.57 Million Holdings in Constellation Brands Inc $STZ

Key Points

• APG Asset Management N.V. has decreased its stake in Constellation Brands Inc by 2.0%, selling 2,000 shares and bringing its total ownership to 97,500 shares valued at approximately $16.57 million.
• Several institutional investors have recently increased their investments in Constellation Brands, leading to 77.34% of the company's stock being owned by institutional investors.
• Constellation Brands reported earnings per share of $3.22 for the last quarter, falling short of the analysts' expectations of $3.45, alongside a 5.5% year-over-year decline in quarterly revenue.

APG Asset Management N.V. reduced its stake in Constellation Brands Inc (NYSE:STZ - Free Report) by 2.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,500 shares of the company's stock after selling 2,000 shares during the quarter. APG Asset Management N.V. owned 0.05% of Constellation Brands worth $16,565,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Allstate Corp lifted its position in Constellation Brands by 81.1% during the 1st quarter. Allstate Corp now owns 9,026 shares of the company's stock worth $1,656,000 after buying an additional 4,041 shares in the last quarter. Compound Planning Inc. bought a new stake in Constellation Brands during the 1st quarter worth about $256,000. Norinchukin Bank The lifted its position in Constellation Brands by 14.8% during the 1st quarter. Norinchukin Bank The now owns 7,975 shares of the company's stock worth $1,464,000 after buying an additional 1,030 shares in the last quarter. Venator Management LLC bought a new stake in Constellation Brands during the 1st quarter worth about $5,405,000. Finally, CW Advisors LLC lifted its position in Constellation Brands by 215.4% during the 1st quarter. CW Advisors LLC now owns 10,946 shares of the company's stock worth $2,009,000 after buying an additional 7,475 shares in the last quarter. 77.34% of the stock is owned by institutional investors.

Insider Buying and Selling

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 owned 9,438 shares in the company, valued at approximately $1,595,022. This represents a 8.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 12.45% of the company's stock.

Wall Street Analyst Weigh In

STZ has been the topic of several analyst reports. CJS Securities cut their price target on shares of Constellation Brands from $196.00 to $194.00 in a research report on Monday, May 19th. Raymond James Financial raised shares of Constellation Brands to a "strong-buy" rating in a research report on Monday, July 7th. Barclays set a $202.00 price target on shares of Constellation Brands and gave the stock an "overweight" rating in a research report on Thursday, June 26th. Bank of America cut shares of Constellation Brands from a "neutral" rating to an "underperform" rating and set a $150.00 price target on the stock. in a research report on Tuesday. Finally, Citigroup reaffirmed a "negative" rating on shares of Constellation Brands in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $212.35.

Constellation Brands Stock Performance

STZ traded up $2.22 on Wednesday, reaching $160.59. The company had a trading volume of 2,077,623 shares, compared to its average volume of 1,790,914. Constellation Brands Inc has a fifty-two week low of $156.17 and a fifty-two week high of $261.06. The stock has a market cap of $28.31 billion, a P/E ratio of -67.19, a P/E/G ratio of 6.87 and a beta of 0.67. The company's fifty day moving average is $168.35 and its 200 day moving average is $175.75. 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 announced its quarterly earnings results 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 negative net margin of 4.11% and a positive return on equity of 31.41%. The company had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same quarter last year, the company posted $3.57 EPS. The firm's quarterly 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, analysts predict that Constellation Brands Inc will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Wednesday, July 30th were paid a $1.02 dividend. The ex-dividend date was Wednesday, July 30th. This represents a $4.08 dividend on an annualized basis and a yield of 2.5%. Constellation Brands's dividend payout ratio is -170.71%.

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.