Banque Transatlantique SA Takes $395,000 Position in Constellation Brands Inc $STZ

Key Points

• Banque Transatlantique SA has invested approximately $395,000 in Constellation Brands Inc, acquiring 2,328 shares in the first quarter.
• Constellation Brands' stock is currently down 3.1%, opening at $146.51 with a market cap of $25.83 billion.
• In its latest earnings report, Constellation Brands reported an EPS of $3.22 for the quarter, missing estimates by $0.23 and showing a 5.5% decrease in revenue compared to the same quarter last year.

Banque Transatlantique SA purchased a new position in shares of Constellation Brands Inc (NYSE:STZ - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,328 shares of the company's stock, valued at approximately $395,000.

A number of other hedge funds have also bought and sold shares of STZ. Piscataqua Savings Bank grew its position in Constellation Brands by 1.7% during the first quarter. Piscataqua Savings Bank now owns 3,720 shares of the company's stock worth $683,000 after buying an additional 62 shares in the last quarter. Strategic Financial Concepts LLC grew its position in Constellation Brands by 5.8% during the first quarter. Strategic Financial Concepts LLC now owns 1,128 shares of the company's stock worth $207,000 after buying an additional 62 shares in the last quarter. World Investment Advisors grew its position in Constellation Brands by 1.7% during the first quarter. World Investment Advisors now owns 3,801 shares of the company's stock worth $698,000 after buying an additional 62 shares in the last quarter. Moody National Bank Trust Division grew its position in Constellation Brands by 0.9% during the first 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 in the last quarter. Finally, Bessemer Group Inc. boosted 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 purchasing an additional 65 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors.

Constellation Brands Trading Up 1.7%

STZ traded up $2.50 during midday trading on Friday, reaching $148.38. 3,045,709 shares of the company's stock traded hands, compared to its average volume of 2,209,589. The firm has a fifty day moving average of $167.18 and a two-hundred day moving average of $175.24. The stock has a market capitalization of $26.16 billion, a price-to-earnings ratio of -62.08, a P/E/G ratio of 0.45 and a beta of 0.67. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.07 and a quick ratio of 0.68. Constellation Brands Inc has a 52 week low of $144.81 and a 52 week high of $261.06.

Constellation Brands (NYSE:STZ - Get Free Report) last released 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 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 previous year, the company earned $3.57 EPS. 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, equities analysts anticipate 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 annualized dividend and a dividend yield of 2.7%. Constellation Brands's dividend payout ratio is presently -170.71%.

Insider Buying and Selling at Constellation Brands

In related news, EVP James O. Bourdeau sold 821 shares of the company's stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $169.00, for a total value of $138,749.00. Following the sale, the executive vice president owned 9,438 shares in the company, valued at $1,595,022. This represents a 8.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 12.45% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on STZ shares. CJS Securities cut their price objective on Constellation Brands from $196.00 to $194.00 in a report on Monday, May 19th. Sanford C. Bernstein cut their price objective on Constellation Brands from $225.00 to $195.00 and set an "outperform" rating for the company in a report on Thursday. BMO Capital Markets cut their price objective on Constellation Brands from $215.00 to $190.00 and set an "outperform" rating for the company in a report on Thursday. Needham & Company LLC cut their price objective on Constellation Brands from $200.00 to $180.00 and set a "buy" rating for the company in a report on Wednesday. Finally, Cowen reiterated a "hold" rating on shares of Constellation Brands in a report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Constellation Brands has an average rating of "Moderate Buy" and an average target price of $194.36.

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.