Constellation Brands Inc $STZ Shares Acquired by EverSource Wealth Advisors LLC

Key Points

• EverSource Wealth Advisors LLC increased its stake in Constellation Brands Inc by 82.3% during the 1st quarter, owning 4,040 shares valued at approximately $741,000.
• Equities analysts have varying ratings on the stock, with UBS Group raising its price target to $205.00 and thirteen analysts assigning a buy rating, while Deutsche Bank decreased its target to $185.00.
• Constellation Brands reported a 5.5% decrease in revenue year-over-year and missed EPS estimates by $0.23, with the most recent quarterly earnings showing $3.22 EPS compared to an expected $3.45.

EverSource Wealth Advisors LLC grew its position in Constellation Brands Inc (NYSE:STZ - Free Report) by 82.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,040 shares of the company's stock after acquiring an additional 1,824 shares during the quarter. EverSource Wealth Advisors LLC's holdings in Constellation Brands were worth $741,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Minot DeBlois Advisors LLC bought a new stake in shares of Constellation Brands in the 4th quarter valued at approximately $29,000. Optiver Holding B.V. bought a new stake in shares of Constellation Brands in the 4th quarter valued at approximately $31,000. Laurel Wealth Advisors LLC bought a new stake in shares of Constellation Brands in the 1st quarter valued at approximately $32,000. Rakuten Securities Inc. increased its holdings in shares of Constellation Brands by 805.0% in the 1st quarter. Rakuten Securities Inc. now owns 181 shares of the company's stock valued at $33,000 after acquiring an additional 161 shares during the last quarter. Finally, Zions Bancorporation National Association UT bought a new stake in shares of Constellation Brands in the 1st quarter valued at approximately $38,000. 77.34% of the stock is currently owned by institutional investors.

Constellation Brands Stock Performance

STZ stock traded down $1.4730 during trading on Thursday, reaching $164.8270. 1,507,065 shares of the company's stock were exchanged, compared to its average volume of 2,383,273. The company has a quick ratio of 0.68, a current ratio of 1.07 and a debt-to-equity ratio of 1.30. Constellation Brands Inc has a 1-year low of $159.35 and a 1-year high of $261.06. The company's fifty day moving average price is $168.40 and its 200-day moving average price is $176.05. The firm has a market cap of $29.06 billion, a PE ratio of -68.97, a P/E/G ratio of 10.04 and a beta of 0.67.

Constellation Brands (NYSE:STZ - Get Free Report) last announced 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 for the quarter, compared to analyst estimates of $2.57 billion. During the same quarter last year, the firm posted $3.57 EPS. The company'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, research analysts expect that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Wednesday, July 30th were given a dividend of $1.02 per share. 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 payout ratio is -170.71%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Wall Street Zen upgraded Constellation Brands from a "sell" rating to a "hold" rating in a report on Tuesday, May 20th. Deutsche Bank Aktiengesellschaft lowered their price target on Constellation Brands from $191.00 to $185.00 and set a "hold" rating for the company in a report on Thursday, June 5th. Raymond James Financial upgraded Constellation Brands to a "strong-buy" rating in a research report on Monday, July 7th. Roth Capital reduced their price objective on Constellation Brands from $256.00 to $239.00 and set a "buy" rating for the company in a research report on Tuesday, May 20th. Finally, Bank of America boosted their price objective on Constellation Brands from $180.00 to $182.00 and gave the company a "neutral" rating in a research report on Thursday, July 3rd. One 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 stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $213.74.

Insider Transactions at Constellation Brands

In other Constellation Brands news, EVP James O. Bourdeau sold 821 shares of the business's 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 completion of the transaction, the executive vice president owned 9,438 shares in the company, valued at approximately $1,595,022. The trade was a 8.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 12.45% of the company's stock.

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.