BI Asset Management Fondsmaeglerselskab A S Raises Holdings in Constellation Brands Inc $STZ

Key Points

• BI Asset Management Fondsmaeglerselskab A S increased its stake in Constellation Brands Inc by 78.2%, owning 10,670 shares valued at approximately $1,958,000 following the acquisition of an additional 4,682 shares in the first quarter.
• Several hedge funds, including Berkshire Hathaway and Vanguard Group, have also significantly raised their stakes in Constellation Brands, reflecting growing institutional interest in the stock.
• Constellation Brands reported $3.22 EPS for the quarter, missing analysts' estimates, with a revenue of $2.52 billion, down 5.5% year-over-year.

BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 78.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,670 shares of the company's stock after buying an additional 4,682 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Constellation Brands were worth $1,958,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of STZ. Brighton Jones LLC lifted its holdings in shares of Constellation Brands by 23.0% during the 4th quarter. Brighton Jones LLC now owns 1,001 shares of the company's stock valued at $221,000 after buying an additional 187 shares during the period. Bank Pictet & Cie Europe AG increased its stake in shares of Constellation Brands by 39.7% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 6,096 shares of the company's stock worth $1,347,000 after purchasing an additional 1,733 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of Constellation Brands by 17.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,338,076 shares of the company's stock worth $295,715,000 after purchasing an additional 201,632 shares in the last quarter. Coppell Advisory Solutions LLC increased its stake in shares of Constellation Brands by 30.9% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,708 shares of the company's stock worth $375,000 after purchasing an additional 403 shares in the last quarter. Finally, Sompo Asset Management Co. Ltd. purchased a new stake in shares of Constellation Brands in the 4th quarter worth $287,000. 77.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Wall Street Zen upgraded Constellation Brands from a "sell" rating to a "hold" rating in a research note on Tuesday, May 20th. Truist Financial upgraded Constellation Brands from a "hold" rating to a "buy" rating and upped their price objective for the stock from $190.00 to $215.00 in a research note on Wednesday, May 7th. Needham & Company LLC upped their price objective on Constellation Brands from $195.00 to $200.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. Citigroup upped their price objective on Constellation Brands from $170.00 to $174.00 and gave the stock a "neutral" rating in a research note on Thursday, July 3rd. Finally, UBS Group upped their price objective on Constellation Brands from $195.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $213.74.

Constellation Brands Price Performance

STZ stock traded up $2.5720 during trading on Friday, reaching $167.5020. The company's stock had a trading volume of 1,725,932 shares, compared to its average volume of 1,575,523. Constellation Brands Inc has a 1 year low of $159.35 and a 1 year high of $261.06. 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 company has a market capitalization of $29.53 billion, a P/E ratio of -70.08, a price-to-earnings-growth ratio of 10.15 and a beta of 0.67. The company's fifty day moving average is $168.36 and its 200-day moving average is $175.97.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its quarterly earnings results on Tuesday, July 1st. The company reported $3.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 business had revenue of $2.52 billion during the quarter, compared to analysts' expectations of $2.57 billion. During the same quarter in the previous year, the company posted $3.57 EPS. The company'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. On average, research analysts expect that Constellation Brands Inc will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Wednesday, July 30th were paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Wednesday, July 30th. Constellation Brands's dividend payout ratio is presently -170.71%.

Insider Transactions at Constellation Brands

In other news, EVP James O. Bourdeau sold 821 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president owned 9,438 shares in the company, valued at $1,595,022. This trade 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. Insiders own 12.45% of the company's stock.

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.