AQR Capital Management LLC Has $37.64 Million Stock Position in Constellation Brands Inc $STZ

AQR Capital Management LLC grew its position in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 1.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 206,168 shares of the company's stock after acquiring an additional 2,631 shares during the quarter. AQR Capital Management LLC owned about 0.12% of Constellation Brands worth $37,642,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of STZ. Vanguard Group Inc. boosted its holdings in shares of Constellation Brands by 18.6% during the first quarter. Vanguard Group Inc. now owns 18,417,604 shares of the company's stock valued at $3,379,999,000 after acquiring an additional 2,882,817 shares during the period. Wellington Management Group LLP boosted its position in Constellation Brands by 127.9% during the 1st quarter. Wellington Management Group LLP now owns 4,480,788 shares of the company's stock worth $822,314,000 after acquiring an additional 2,514,517 shares during the period. GAMMA Investing LLC boosted its position in Constellation Brands by 7,602.6% during the 1st quarter. GAMMA Investing LLC now owns 396,220 shares of the company's stock worth $72,714,000 after acquiring an additional 391,076 shares during the period. Nuveen LLC acquired a new position in Constellation Brands during the 1st quarter worth $63,377,000. Finally, DAVENPORT & Co LLC boosted its position in Constellation Brands by 1,594.0% during the 1st quarter. DAVENPORT & Co LLC now owns 207,655 shares of the company's stock worth $38,132,000 after acquiring an additional 195,397 shares during the period. Institutional investors and hedge funds own 77.34% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. CJS Securities reduced their price target on Constellation Brands from $196.00 to $194.00 in a research report on Monday, May 19th. Needham & Company LLC reduced their price target on Constellation Brands from $200.00 to $180.00 and set a "buy" rating for the company in a research report on Wednesday, September 3rd. BNP Paribas lowered Constellation Brands from a "hold" rating to a "strong sell" rating in a research report on Wednesday, September 3rd. Deutsche Bank Aktiengesellschaft decreased their target price on Constellation Brands from $182.00 to $158.00 and set a "hold" rating for the company in a research note on Wednesday, September 3rd. Finally, Bank of America decreased their target price on Constellation Brands from $150.00 to $142.00 and set an "underperform" rating for the company in a research note on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $194.36.

Insider Activity at Constellation Brands

In other news, EVP James O. Bourdeau sold 821 shares of the company'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 completion of the sale, the executive vice president directly owned 9,438 shares of the company's stock, valued at $1,595,022. This represents a 8.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 12.45% of the stock is currently owned by corporate insiders.

Constellation Brands Trading Down 0.1%

Shares of NYSE STZ traded down $0.12 during mid-day trading on Tuesday, hitting $145.98. 3,327,551 shares of the company traded hands, compared to its average volume of 2,377,681. Constellation Brands Inc has a 1 year low of $144.58 and a 1 year high of $261.06. The stock has a market capitalization of $25.73 billion, a price-to-earnings ratio of -61.08, a PEG ratio of 0.44 and a beta of 0.67. The company has a quick ratio of 0.68, a current ratio of 1.07 and a debt-to-equity ratio of 1.30. The business has a 50 day moving average of $166.44 and a two-hundred day moving average of $174.87.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its earnings results on Tuesday, July 1st. The company reported $3.22 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $2.57 billion. During the same period in the prior year, the company earned $3.57 earnings per share. The company'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, sell-side analysts anticipate that Constellation Brands Inc will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Wednesday, July 30th were issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Wednesday, July 30th. Constellation Brands's dividend payout ratio is currently -170.71%.

About Constellation Brands

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.