Constellation Brands Inc $STZ Stake Decreased by AIA Group Ltd

Key Points

• AIA Group reduced its Constellation Brands stake by 8% in the third quarter, selling 9,857 shares; it retained 112,770 shares worth about $12.75 million. Institutional investors and hedge funds own 77.34% of the stock.
• Constellation Brands beat quarterly expectations, reporting EPS of $3.74 versus $3.62 forecast and revenue of $2.63 billion, up 6.1% year over year. It set fiscal 2027 EPS guidance of $11.20–$11.90.
• The company declared a quarterly dividend of $1.03 per share, equivalent to a 3.0% annual yield. Analysts’ consensus rating is “Hold,” with an average price target of $153.41.

AIA Group Ltd cut its position in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 8.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 112,770 shares of the company's stock after selling 9,857 shares during the quarter. AIA Group Ltd owned 0.07% of Constellation Brands worth $12,750,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Ables Iannone Moore & Associates Inc. boosted its stake in Constellation Brands by 105.2% during the third quarter. Ables Iannone Moore & Associates Inc. now owns 16,904 shares of the company's stock worth $1,911,000 after buying an additional 8,667 shares in the last quarter. Ally Financial Inc. bought a new stake in Constellation Brands in the 2nd quarter valued at $1,600,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of Constellation Brands in the 2nd quarter valued at $31,582,000. Junto Capital Management LP acquired a new position in shares of Constellation Brands in the 2nd quarter valued at $21,683,000. Finally, Concurrent Investment Advisors LLC lifted its holdings in shares of Constellation Brands by 1,613.6% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 27,915 shares of the company's stock worth $3,883,000 after acquiring an additional 26,286 shares during the period. 77.34% of the stock is owned by institutional investors and hedge funds.

Constellation Brands Stock Down 2.0%

STZ opened at $137.80 on Wednesday. The firm's 50-day simple moving average is $125.48 and its 200-day simple moving average is $141.69. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.53 and a current ratio of 1.00. Constellation Brands Inc has a twelve month low of $110.60 and a twelve month high of $168.60. The firm has a market cap of $23.32 billion, a price-to-earnings ratio of 11.60, a PEG ratio of 2.88 and a beta of 0.39.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its earnings results on Tuesday, October 6th. The company reported $3.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.62 by $0.12. Constellation Brands had a net margin of 19.57% and a return on equity of 24.75%. The business had revenue of $2.63 billion during the quarter, compared to analysts' expectations of $2.54 billion. During the same quarter last year, the company posted $3.63 EPS. The firm's revenue for the quarter was up 6.1% on a year-over-year basis. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. Equities research analysts anticipate that Constellation Brands Inc will post 11.85 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, October 30th. Constellation Brands's payout ratio is currently 36.95%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on STZ shares. Royal Bank Of Canada reiterated an "outperform" rating on shares of Constellation Brands in a research report on Tuesday, October 27th. Citigroup reissued a "negative" rating on shares of Constellation Brands in a research report on Wednesday, October 7th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Constellation Brands from $136.00 to $127.00 and set a "hold" rating for the company in a research note on Thursday, October 8th. JPMorgan Chase & Co. lifted their price objective on Constellation Brands from $133.00 to $136.00 and gave the company a "neutral" rating in a report on Thursday, October 8th. Finally, Raymond James Financial set a $150.00 price objective on Constellation Brands in a report on Thursday, September 17th. Twelve investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, Constellation Brands presently has a consensus rating of "Hold" and an average price target of $153.41.

About Constellation Brands

Constellation Brands, Inc is a beverage alcohol company that develops, produces, markets and distributes beer, wine and spirits. Its beer portfolio includes Modelo Especial, Corona Extra, Corona Light, Pacifico and Victoria, while its wine and spirits brands include Robert Mondavi, Kim Crawford, Meiomi, The Prisoner Wine Company, Simi, Ruffino, High West and Casa Noble.

The company's beer business is primarily focused on the United States, where Constellation markets and distributes several leading Mexican beer brands under license from Grupo Modelo.

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