Korea Investment CORP Reduces Position in Constellation Brands Inc $STZ

Key Points

• Korea Investment CORP reduced its stake in Constellation Brands Inc by 17.5%, holding approximately 0.07% of the company worth $22.7 million after selling 26,263 shares during the 1st quarter.
• Analysts have varying ratings on Constellation Brands, with a consensus average rating of "Moderate Buy" and an average price target of $213.74.
• Constellation Brands reported $3.22 EPS for the latest quarter, missing estimates, and announced a quarterly dividend of $1.02 per share, representing an annual yield of 2.5%.

Korea Investment CORP reduced its position in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 17.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 123,801 shares of the company's stock after selling 26,263 shares during the period. Korea Investment CORP owned 0.07% of Constellation Brands worth $22,720,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Granite Harbor Advisors Inc. boosted its holdings in shares of Constellation Brands by 14.0% during the first quarter. Granite Harbor Advisors Inc. now owns 1,125 shares of the company's stock worth $206,000 after purchasing an additional 138 shares during the period. Northern Trust Corp boosted its holdings in shares of Constellation Brands by 1.2% during the first quarter. Northern Trust Corp now owns 1,534,357 shares of the company's stock worth $281,585,000 after purchasing an additional 17,832 shares during the period. Cambiar Investors LLC boosted its holdings in shares of Constellation Brands by 16.3% during the first quarter. Cambiar Investors LLC now owns 176,412 shares of the company's stock worth $32,375,000 after purchasing an additional 24,700 shares during the period. Oder Investment Management LLC boosted its holdings in shares of Constellation Brands by 19.4% during the first quarter. Oder Investment Management LLC now owns 1,484 shares of the company's stock worth $272,000 after purchasing an additional 241 shares during the period. Finally, Cresset Asset Management LLC boosted its holdings in shares of Constellation Brands by 846.6% during the first quarter. Cresset Asset Management LLC now owns 51,701 shares of the company's stock worth $9,488,000 after purchasing an additional 46,239 shares during the period. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Constellation Brands

In related news, EVP James O. Bourdeau sold 821 shares of the firm'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 value of $138,749.00. Following the sale, the executive vice president owned 9,438 shares in the company, valued at approximately $1,595,022. This trade represents a 8.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 12.45% of the company's stock.

Constellation Brands Stock Up 1.6%

Shares of NYSE STZ traded up $2.5720 on Friday, reaching $167.5020. 1,725,932 shares of the company's stock traded hands, compared to its average volume of 1,539,782. Constellation Brands Inc has a 12 month low of $159.35 and a 12 month high of $261.06. The business's 50 day simple moving average is $168.36 and its two-hundred day simple moving average is $175.97. The company has a market cap of $29.53 billion, a price-to-earnings ratio of -70.08, a price-to-earnings-growth ratio of 10.15 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 announced its 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). The business had revenue of $2.52 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was down 5.5% on a year-over-year basis. During the same period in the prior year, the business posted $3.57 EPS. Constellation Brands has set its FY 2026 guidance at 12.600-12.900 EPS. As a group, equities research analysts forecast that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Wednesday, July 30th were issued a $1.02 dividend. The ex-dividend date was Wednesday, July 30th. This represents a $4.08 annualized dividend and a yield of 2.4%. Constellation Brands's dividend payout ratio (DPR) is currently -170.71%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Piper Sandler increased their price target 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. Truist Financial raised shares of Constellation Brands from a "hold" rating to a "buy" rating and increased their price target for the stock from $190.00 to $215.00 in a research note on Wednesday, May 7th. Raymond James Financial raised shares of Constellation Brands to a "strong-buy" rating in a research note on Monday, July 7th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Constellation Brands from $191.00 to $185.00 and set a "hold" rating for the company in a research note on Thursday, June 5th. Finally, JPMorgan Chase & Co. increased their price target on shares of Constellation Brands from $170.00 to $182.00 and gave the stock a "neutral" rating in a research note on Thursday, July 3rd. One research 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 company's stock. Based on data from MarketBeat.com, Constellation Brands currently has a consensus rating of "Moderate Buy" and a consensus target price of $213.74.

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.