Erste Asset Management GmbH Has $11.31 Million Stock Holdings in Constellation Brands Inc $STZ

Key Points

• Erste Asset Management GmbH has increased its stake in Constellation Brands Inc by 16.5%, now holding 61,593 shares worth approximately $11.3 million.
• Analysts have generally upgraded their ratings for Constellation Brands, with Jefferies Financial Group and UBS Group raising their price targets to $205, and the average price target now sitting at $213.74.
• Constellation Brands reported Q1 earnings of $3.22 per share, missing expectations, with revenue down 5.5% year-over-year, while they declared a quarterly dividend of $1.02 per share.

Erste Asset Management GmbH boosted its stake in Constellation Brands Inc (NYSE:STZ - Free Report) by 16.5% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 61,593 shares of the company's stock after buying an additional 8,743 shares during the period. Erste Asset Management GmbH's holdings in Constellation Brands were worth $11,305,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Piscataqua Savings Bank grew its stake in Constellation Brands by 1.7% in the 1st quarter. Piscataqua Savings Bank now owns 3,720 shares of the company's stock valued at $683,000 after buying an additional 62 shares during the last quarter. Strategic Financial Concepts LLC boosted its holdings in Constellation Brands by 5.8% in the 1st quarter. Strategic Financial Concepts LLC now owns 1,128 shares of the company's stock valued at $207,000 after purchasing an additional 62 shares during the period. World Investment Advisors boosted its holdings in Constellation Brands by 1.7% in the 1st quarter. World Investment Advisors now owns 3,801 shares of the company's stock valued at $698,000 after purchasing an additional 62 shares during the period. Moody National Bank Trust Division boosted its holdings in Constellation Brands by 0.9% in the 1st quarter. Moody National Bank Trust Division now owns 6,991 shares of the company's stock valued at $1,283,000 after purchasing an additional 64 shares during the period. Finally, Bessemer Group Inc. boosted its holdings in Constellation Brands by 3.0% in the 1st quarter. Bessemer Group Inc. now owns 2,242 shares of the company's stock valued at $412,000 after purchasing an additional 65 shares during the period. Institutional investors and hedge funds own 77.34% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Needham & Company LLC boosted their price objective on shares of Constellation Brands from $195.00 to $200.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. Cowen reissued a "hold" rating on shares of Constellation Brands in a report on Monday, July 7th. UBS Group boosted their price objective on shares of Constellation Brands from $195.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. Piper Sandler boosted their price objective on shares of Constellation Brands from $165.00 to $170.00 and gave the company a "neutral" rating in a report on Friday, June 6th. Finally, Jefferies Financial Group raised shares of Constellation Brands from a "hold" rating to a "buy" rating and boosted their price objective for the company from $194.00 to $205.00 in a report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $213.74.

Insider Transactions at Constellation Brands

In related news, EVP James O. Bourdeau sold 821 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 9,438 shares in the company, valued at $1,595,022. This represents a 8.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 12.45% of the stock is currently owned by corporate insiders.

Constellation Brands Price Performance

Shares of Constellation Brands stock traded up $2.5720 on Friday, reaching $167.5020. 1,725,932 shares of the stock were exchanged, compared to its average volume of 1,539,782. The firm's 50 day moving average is $168.36 and its 200-day moving average is $175.97. Constellation Brands Inc has a one year low of $159.35 and a one year high of $261.06. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.68 and a current ratio of 1.07. The firm has a market cap of $29.53 billion, a PE ratio of -70.08, a P/E/G ratio of 10.15 and a beta of 0.67.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its quarterly earnings results 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). Constellation Brands had a positive return on equity of 31.41% and a negative net margin of 4.11%.The firm had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same period last year, the company posted $3.57 EPS. The business's 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, analysts anticipate that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Investors 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 2.4%. The ex-dividend date was Wednesday, July 30th. Constellation Brands's dividend payout ratio is currently -170.71%.

Constellation Brands Company 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.