Cambiar Investors LLC Buys 24,700 Shares of Constellation Brands Inc $STZ

Key Points

• Cambiar Investors LLC increased its stake in Constellation Brands by 16.3% during the first quarter, acquiring an additional 24,700 shares for a total holding of 176,412 shares valued at approximately $32.38 million.
• Several other institutional investors also raised their stakes, with Harbor Capital Advisors and Golden State Wealth Management increasing their investments by 36.4% and 137.0% respectively during the same period.
• Constellation Brands announced a quarterly dividend of $1.02 per share, resulting in an annualized dividend of $4.08 with a yield of 2.4% despite a negative payout ratio of -170.71%.

Cambiar Investors LLC increased its stake in Constellation Brands Inc (NYSE:STZ - Free Report) by 16.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 176,412 shares of the company's stock after purchasing an additional 24,700 shares during the quarter. Cambiar Investors LLC owned about 0.10% of Constellation Brands worth $32,375,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Minot DeBlois Advisors LLC purchased a new position in shares of Constellation Brands in the fourth quarter valued at $29,000. Optiver Holding B.V. purchased a new position in Constellation Brands during the fourth quarter worth about $31,000. Laurel Wealth Advisors LLC purchased a new position in Constellation Brands during the first quarter worth about $32,000. Rakuten Securities Inc. grew its position in Constellation Brands by 805.0% during the first quarter. Rakuten Securities Inc. now owns 181 shares of the company's stock worth $33,000 after buying an additional 161 shares in the last quarter. Finally, Zions Bancorporation National Association UT bought a new stake in Constellation Brands during the first quarter worth about $38,000. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on STZ. JPMorgan Chase & Co. lifted their price target on Constellation Brands from $170.00 to $182.00 and gave the stock a "neutral" rating in a research note on Thursday, July 3rd. Wall Street Zen raised Constellation Brands from a "sell" rating to a "hold" rating in a research note on Tuesday, May 20th. Needham & Company LLC boosted their target price on Constellation Brands from $195.00 to $200.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. Jefferies Financial Group upgraded Constellation Brands from a "hold" rating to a "buy" rating and boosted their price target for the company from $194.00 to $205.00 in a report on Monday, July 7th. Finally, Raymond James Financial upgraded Constellation Brands to a "strong-buy" rating in a report on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $213.74.

Insider Activity

In other news, EVP James O. Bourdeau sold 821 shares of Constellation Brands stock in a transaction dated 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 directly owned 9,438 shares of the company's stock, valued at approximately $1,595,022. The trade was a 8.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 12.45% of the company's stock.

Constellation Brands Stock Performance

Shares of NYSE STZ traded down $1.4730 during midday trading on Thursday, hitting $164.8270. 1,507,136 shares of the stock traded hands, compared to its average volume of 2,386,509. The firm has a 50-day moving average of $168.40 and a two-hundred day moving average of $176.05. The firm has a market capitalization of $29.06 billion, a P/E ratio of -68.97, a PEG ratio of 10.04 and a beta of 0.67. 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 $159.35 and a one year high of $261.06.

Constellation Brands (NYSE:STZ - Get Free Report) last released its earnings results on Tuesday, July 1st. The company reported $3.22 earnings per share 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 quarter last year, the firm posted $3.57 earnings per share. 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. On average, equities analysts forecast that Constellation Brands Inc will post 13.5 EPS 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 2.5%. The ex-dividend date was Wednesday, July 30th. Constellation Brands's dividend payout ratio is presently -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.