Constellation Brands Inc $STZ Shares Bought by CW Advisors LLC

Key Points

• CW Advisors LLC significantly increased its holdings in Constellation Brands, acquiring a total of 10,946 shares, reflecting a 215.4% increase.
• Constellation Brands' latest earnings report showed an EPS of $3.22, missing estimates by $0.23, with a revenue of $2.52 billion, down 5.5% from the same quarter last year.
• The company announced a quarterly dividend of $1.02 per share, translating to an annualized yield of 2.4%, despite a negative payout ratio of -170.71%.

CW Advisors LLC grew its stake in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 215.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,946 shares of the company's stock after acquiring an additional 7,475 shares during the period. CW Advisors LLC's holdings in Constellation Brands were worth $2,009,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Constellation Brands by 18.6% during the first quarter. Vanguard Group Inc. now owns 18,417,604 shares of the company's stock valued at $3,379,999,000 after acquiring an additional 2,882,817 shares in the last quarter. Berkshire Hathaway Inc bought a new position in Constellation Brands in the fourth quarter worth approximately $1,242,976,000. Wellington Management Group LLP raised its stake in Constellation Brands by 127.9% in the first quarter. Wellington Management Group LLP now owns 4,480,788 shares of the company's stock worth $822,314,000 after buying an additional 2,514,517 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Constellation Brands by 7.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,922,122 shares of the company's stock worth $352,748,000 after buying an additional 139,158 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Constellation Brands by 4.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,693,827 shares of the company's stock worth $310,851,000 after buying an additional 76,186 shares in the last quarter. 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. Piper Sandler boosted their price objective on shares of Constellation Brands from $165.00 to $170.00 and gave the stock a "neutral" rating in a research note on Friday, June 6th. Bank of America downgraded shares of Constellation Brands from a "neutral" rating to an "underperform" rating and set a $150.00 price objective for the company. in a research note on Tuesday. The Goldman Sachs Group set a $225.00 price objective on shares of Constellation Brands and gave the stock a "buy" rating in a research note on Friday, June 27th. Barclays set a $202.00 price objective on shares of Constellation Brands and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Finally, Jefferies Financial Group raised shares of Constellation Brands from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $194.00 to $205.00 in a research note on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Constellation Brands has an average rating of "Moderate Buy" and a consensus target price of $212.35.

Constellation Brands Stock Up 1.4%

NYSE STZ traded up $2.22 on Wednesday, hitting $160.59. The stock had a trading volume of 2,077,623 shares, compared to its average volume of 1,790,914. The stock has a market cap of $28.31 billion, a price-to-earnings ratio of -67.19, a price-to-earnings-growth ratio of 6.87 and a beta of 0.67. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.07 and a quick ratio of 0.68. Constellation Brands Inc has a 52-week low of $156.17 and a 52-week high of $261.06. The business's fifty day moving average price is $168.35 and its 200 day moving average price is $175.75.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its quarterly earnings data on Tuesday, July 1st. The company reported $3.22 earnings per share for the quarter, missing analysts' consensus estimates of $3.45 by ($0.23). The company had revenue of $2.52 billion for the quarter, compared to analysts' expectations of $2.57 billion. Constellation Brands had a negative net margin of 4.11% and a positive return on equity of 31.41%. Constellation Brands's quarterly revenue was down 5.5% compared to the same quarter last year. During the same period last year, the firm earned $3.57 earnings per share. Constellation Brands has set its FY 2026 guidance at 12.600-12.900 EPS. Equities research analysts anticipate that Constellation Brands Inc will post 13.5 earnings per share for the current year.

Constellation Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Wednesday, July 30th were issued a dividend of $1.02 per share. The ex-dividend date of this dividend was Wednesday, July 30th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.5%. Constellation Brands's payout ratio is -170.71%.

Insider Buying and Selling at Constellation Brands

In other news, EVP James O. Bourdeau sold 821 shares of the business's stock in a transaction on Monday, July 21st. The shares were 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 of the company's stock, valued at $1,595,022. The trade was a 8.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.45% of the stock is owned by company 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.