Concurrent Investment Advisors LLC Has $3.88 Million Stock Position in Constellation Brands Inc $STZ

Key Points

• Concurrent Investment Advisors increased its Constellation Brands position by 1,613.6% in the second quarter, owning 27,915 shares valued at approximately $3.88 million. Institutional investors collectively hold 77.34% of STZ shares.
• Analyst sentiment is mixed: 11 analysts rate STZ a Buy, nine rate it Hold and one rates it Sell, producing a consensus Hold rating and a $170 price target.
• STZ opened at $128.19, near its one-year low, after the company missed quarterly EPS estimates while reporting $2.43 billion in revenue. Constellation also pays a quarterly dividend of $1.03 per share, representing a 3.2% annualized yield.

Concurrent Investment Advisors LLC lifted its position in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 1,613.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,915 shares of the company's stock after acquiring an additional 26,286 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Constellation Brands were worth $3,883,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its position in shares of Constellation Brands by 23.0% in 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 in the last quarter. Woodline Partners LP acquired a new position in shares of Constellation Brands in the first quarter valued at approximately $2,409,000. Cary Street Partners Financial LLC boosted its holdings in shares of Constellation Brands by 69.9% in the second quarter. Cary Street Partners Financial LLC now owns 1,026 shares of the company's stock valued at $167,000 after buying an additional 422 shares during the period. Bank of Nova Scotia increased its position in shares of Constellation Brands by 3.6% during the second quarter. Bank of Nova Scotia now owns 17,347 shares of the company's stock worth $2,822,000 after acquiring an additional 599 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in shares of Constellation Brands by 5.0% during the second quarter. Daiwa Securities Group Inc. now owns 23,732 shares of the company's stock worth $3,861,000 after acquiring an additional 1,127 shares during the period. Institutional investors own 77.34% of the company's stock.

Analyst Ratings Changes

STZ has been the subject of a number of recent research reports. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $185.00 price target on shares of Constellation Brands in a research report on Thursday, July 2nd. JPMorgan Chase & Co. reduced their price target on Constellation Brands from $169.00 to $165.00 and set a "neutral" rating for the company in a research report on Thursday, July 2nd. Needham & Company LLC reissued a "buy" rating and issued a $185.00 target price on shares of Constellation Brands in a research note on Thursday, July 2nd. Roth Capital reissued a "buy" rating and issued a $209.00 price objective on shares of Constellation Brands in a research report on Thursday, July 2nd. Finally, Citigroup reissued a "buy" rating on shares of Constellation Brands in a research report on Monday, May 18th. Eleven research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $170.00.

Constellation Brands Stock Performance

STZ stock opened at $128.19 on Tuesday. The firm has a market cap of $21.89 billion, a PE ratio of 12.23, a price-to-earnings-growth ratio of 2.42 and a beta of 0.41. The company has a current ratio of 0.91, a quick ratio of 0.48 and a debt-to-equity ratio of 1.06. The stock has a 50-day moving average price of $132.64 and a 200-day moving average price of $143.85. Constellation Brands Inc has a 1-year low of $126.45 and a 1-year high of $168.60.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $3.43 EPS for the quarter, missing analysts' consensus estimates of $3.70 by ($0.27). The business had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.39 billion. Constellation Brands had a net margin of 18.87% and a return on equity of 25.58%. The business's revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter last year, the firm posted $3.22 EPS. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. As a group, equities research analysts expect that Constellation Brands Inc will post 11.84 earnings per share for the current year.

Constellation Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th were given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Thursday, July 30th. Constellation Brands's dividend payout ratio (DPR) is presently 39.31%.

About Constellation Brands

Constellation Brands, Inc is a leading producer and marketer of beer, wine and spirits, with operations spanning production, importation, marketing and distribution. The company's beverage portfolio includes a range of premium and mainstream wines and spirits alongside major imported beer brands; in the U.S. market Constellation is widely known for its role in bringing Mexican imports such as Corona and Modelo to American consumers. Constellation supplies retail, on‑premise and foodservice channels and supports its brands with national sales and marketing platforms and supply‑chain capabilities.

The company traces its roots to the Canandaigua Wine Company, founded by Marvin Sands in 1945, and evolved through organic growth and acquisition into a diversified beverage company.

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