7,601 Shares in Constellation Brands Inc $STZ Purchased by Chiron Capital Management LLC

Key Points

• Chiron Capital Management LLC has acquired a new stake in Constellation Brands Inc, purchasing 7,601 shares valued at approximately $1.40 million, making it the firm’s 19th largest position.
• Several hedge funds have recently increased their holdings in Constellation Brands, with AXA S.A. boosting its stake by 266.5% in the last quarter.
• Constellation Brands has reported weaker-than-expected earnings, with EPS of $3.22 falling short of the consensus estimate of $3.45, and revenue down 5.5% year-over-year.

Chiron Capital Management LLC acquired a new stake in Constellation Brands Inc (NYSE:STZ - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 7,601 shares of the company's stock, valued at approximately $1,395,000. Constellation Brands makes up about 1.3% of Chiron Capital Management LLC's holdings, making the stock its 19th biggest position.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in STZ. Vanguard Group Inc. grew its holdings in Constellation Brands by 18.6% in the 1st quarter. Vanguard Group Inc. now owns 18,417,604 shares of the company's stock valued at $3,379,999,000 after buying an additional 2,882,817 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Constellation Brands by 127.9% during the 1st quarter. Wellington Management Group LLP now owns 4,480,788 shares of the company's stock valued at $822,314,000 after acquiring an additional 2,514,517 shares during the period. GAMMA Investing LLC lifted its position in shares of Constellation Brands by 7,602.6% during the 1st quarter. GAMMA Investing LLC now owns 396,220 shares of the company's stock valued at $72,714,000 after acquiring an additional 391,076 shares during the period. Nuveen LLC bought a new stake in shares of Constellation Brands during the 1st quarter valued at $63,377,000. Finally, DAVENPORT & Co LLC lifted its position in shares of Constellation Brands by 1,594.0% during the 1st quarter. DAVENPORT & Co LLC now owns 207,655 shares of the company's stock valued at $38,132,000 after acquiring an additional 195,397 shares during the period. 77.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

STZ has been the subject of a number of recent analyst reports. Wall Street Zen upgraded Constellation Brands from a "sell" rating to a "hold" rating in a research report on Tuesday, May 20th. Wells Fargo & Company cut their target price on Constellation Brands from $196.00 to $170.00 and set an "overweight" rating for the company in a research report on Wednesday. Morgan Stanley cut their target price on Constellation Brands from $195.00 to $176.00 and set an "equal weight" rating for the company in a research report on Wednesday. Raymond James Financial upgraded Constellation Brands to a "strong-buy" rating in a research report on Monday, July 7th. Finally, TD Cowen dropped their price objective on Constellation Brands from $180.00 to $152.00 and set a "hold" rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $194.36.

Constellation Brands Trading Down 0.4%

Constellation Brands stock traded down $0.59 during trading hours on Thursday, hitting $145.90. The stock had a trading volume of 2,757,260 shares, compared to its average volume of 2,152,833. 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 stock has a market cap of $25.72 billion, a price-to-earnings ratio of -61.05, a P/E/G ratio of 0.44 and a beta of 0.67. Constellation Brands Inc has a one year low of $144.81 and a one year high of $261.06. The business's 50 day simple moving average is $167.43 and its 200-day simple moving average is $175.39.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter last year, the business earned $3.57 earnings per share. Constellation Brands's revenue was down 5.5% compared to the same quarter last year. Constellation Brands has set its FY 2026 guidance at 12.600-12.900 EPS. On average, equities analysts predict that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

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 $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Wednesday, July 30th. Constellation Brands's dividend payout ratio (DPR) is currently -170.71%.

Insider Buying and Selling at Constellation Brands

In related news, EVP James O. Bourdeau sold 821 shares of Constellation Brands 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 sale, the executive vice president directly owned 9,438 shares in the company, valued at approximately $1,595,022. This trade represents a 8.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 12.45% of the stock is owned by corporate insiders.

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.