Amundi Has $94.80 Million Stock Holdings in Constellation Brands Inc $STZ

Key Points

• Amundi increased its stake in Constellation Brands by 15.3% in the first quarter, bringing its total holdings to 522,318 shares valued at approximately $94.8 million.
• Constellation Brands reported quarterly earnings of $3.22 per share, missing analyst estimates, alongside a 5.5% decline in revenue compared to the previous year.
• The company declared a quarterly dividend of $1.02 per share, with a 2.7% yield based on its annualized dividend.

Amundi increased its position in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 15.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 522,318 shares of the company's stock after buying an additional 69,138 shares during the quarter. Amundi owned 0.29% of Constellation Brands worth $94,795,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Minot DeBlois Advisors LLC acquired a new position in Constellation Brands during the fourth quarter valued at approximately $29,000. Laurel Wealth Advisors LLC acquired a new position in Constellation Brands during the first quarter valued at approximately $32,000. Rakuten Securities Inc. boosted its position in Constellation Brands by 805.0% during the first quarter. Rakuten Securities Inc. now owns 181 shares of the company's stock valued at $33,000 after purchasing an additional 161 shares during the last quarter. Zions Bancorporation National Association UT acquired a new position in Constellation Brands during the first quarter valued at approximately $38,000. Finally, WPG Advisers LLC acquired a new position in Constellation Brands during the first quarter valued at approximately $43,000. 77.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on STZ shares. Citigroup reduced their target price on Constellation Brands from $174.00 to $155.00 and set a "neutral" rating for the company in a research note on Thursday, September 4th. Morgan Stanley dropped their price objective on Constellation Brands from $195.00 to $176.00 and set an "equal weight" rating for the company in a report on Wednesday, September 3rd. Sanford C. Bernstein decreased their price target on Constellation Brands from $225.00 to $195.00 and set an "outperform" rating on the stock in a research note on Thursday, September 4th. JPMorgan Chase & Co. lifted their price target on Constellation Brands from $170.00 to $182.00 and gave the company a "neutral" rating in a research note on Thursday, July 3rd. Finally, Cowen reiterated a "hold" rating on shares of Constellation Brands in a research note on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Constellation Brands presently has a consensus rating of "Moderate Buy" and an average price target of $194.36.

Constellation Brands Trading Down 0.1%

Shares of NYSE STZ traded down $0.12 during trading on Tuesday, reaching $145.98. The company had a trading volume of 3,327,551 shares, compared to its average volume of 2,438,624. The company's fifty day moving average price is $166.84 and its 200-day moving average price is $175.07. Constellation Brands Inc has a 12 month low of $144.58 and a 12 month high of $261.06. The stock has a market cap of $25.73 billion, a P/E ratio of -61.08, a PEG ratio of 0.45 and a beta of 0.67. 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 (NYSE:STZ - Get Free Report) last released its quarterly earnings results on Tuesday, July 1st. The company reported $3.22 EPS for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter last year, the firm 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. As a group, research analysts expect that Constellation Brands Inc will post 13.5 earnings per share for the current year.

Constellation Brands Announces Dividend

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

Insider Activity at Constellation Brands

In other news, EVP James O. Bourdeau sold 821 shares of the business's 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 transaction, the executive vice president directly owned 9,438 shares of the company's stock, valued at $1,595,022. The trade was a 8.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 12.45% of the company's stock.

Constellation Brands 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.