Baird Financial Group Inc. Increases Stock Position in Constellation Brands Inc $STZ

Key Points

• Baird Financial Group Inc. increased its stake in Constellation Brands by 50.6%, now holding approximately $28.06 million worth of shares.
• Wall Street analysts have mixed ratings on Constellation Brands, with a consensus rating of "Moderate Buy" and an average target price of $212.35.
• Constellation Brands reported earnings per share of $3.22 in its latest quarterly results, falling short of analyst estimates of $3.45.

Baird Financial Group Inc. increased its position in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 50.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 152,906 shares of the company's stock after acquiring an additional 51,345 shares during the period. Baird Financial Group Inc. owned approximately 0.09% of Constellation Brands worth $28,061,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Piscataqua Savings Bank increased its holdings in Constellation Brands by 1.7% during the 1st quarter. Piscataqua Savings Bank now owns 3,720 shares of the company's stock worth $683,000 after acquiring an additional 62 shares during the period. Strategic Financial Concepts LLC increased its holdings in Constellation Brands by 5.8% during the 1st quarter. Strategic Financial Concepts LLC now owns 1,128 shares of the company's stock worth $207,000 after acquiring an additional 62 shares during the period. World Investment Advisors increased its holdings in Constellation Brands by 1.7% during the 1st quarter. World Investment Advisors now owns 3,801 shares of the company's stock worth $698,000 after acquiring an additional 62 shares during the period. Moody National Bank Trust Division increased its holdings in shares of Constellation Brands by 0.9% in the 1st quarter. Moody National Bank Trust Division now owns 6,991 shares of the company's stock worth $1,283,000 after buying an additional 64 shares during the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of Constellation Brands by 3.0% in the 1st quarter. Bessemer Group Inc. now owns 2,242 shares of the company's stock worth $412,000 after buying an additional 65 shares during the last quarter. Institutional investors own 77.34% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on STZ shares. Wells Fargo & Company decreased their price target on shares of Constellation Brands from $196.00 to $170.00 and set an "overweight" rating on the stock in a report on Wednesday. Truist Financial raised shares of Constellation Brands from a "hold" rating to a "buy" rating and increased their price target for the stock from $190.00 to $215.00 in a report on Wednesday, May 7th. Barclays set a $202.00 price target on shares of Constellation Brands and gave the stock an "overweight" rating in a report on Thursday, June 26th. Wall Street Zen raised shares of Constellation Brands from a "sell" rating to a "hold" rating in a report on Tuesday, May 20th. Finally, BNP Paribas Exane lowered shares of Constellation Brands from a "neutral" rating to an "underperform" rating and set a $123.00 price target on the stock. in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $200.67.

Constellation Brands Trading Down 3.1%

Shares of STZ stock traded down $4.75 on Wednesday, hitting $146.51. 4,514,563 shares of the company's stock traded hands, compared to its average volume of 1,746,173. 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 Inc has a one year low of $146.32 and a one year high of $261.06. The company's fifty day simple moving average is $167.74 and its 200 day simple moving average is $175.50. The stock has a market capitalization of $25.83 billion, a price-to-earnings ratio of -61.30, a P/E/G ratio of 0.44 and a beta of 0.67.

Constellation Brands (NYSE:STZ - Get Free Report) last released 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 business had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same period in the prior year, the business posted $3.57 EPS. Constellation Brands'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. Equities analysts forecast that Constellation Brands Inc will post 13.5 EPS for the current year.

Constellation Brands Announces Dividend

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

Insiders Place Their Bets

In other Constellation Brands news, EVP James O. Bourdeau sold 821 shares of the stock in a transaction on Monday, July 21st. The shares were 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 owned 9,438 shares of the company's stock, valued at $1,595,022. This represents a 8.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 12.45% of the stock is owned by insiders.

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.