Edmond DE Rothschild Holding S.A. Decreases Stock Position in Constellation Brands Inc $STZ

Key Points

• Edmond DE Rothschild Holding S.A. reduced its stake in Constellation Brands Inc by 11.0%, now owning 20,806 shares valued at approximately $3.82 million.
• Several institutional investors have increased their positions in Constellation Brands, with Harbor Capital Advisors Inc boosting their stake by 36.4% in the first quarter.
• Constellation Brands reported a negative net margin of 4.11% and missed earnings estimates for the last quarter, earning $3.22 EPS against a consensus of $3.45.

Edmond DE Rothschild Holding S.A. lessened its position in Constellation Brands Inc (NYSE:STZ - Free Report) by 11.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,806 shares of the company's stock after selling 2,562 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in Constellation Brands were worth $3,818,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Harbor Capital Advisors Inc. lifted its position in shares of Constellation Brands by 36.4% in the first quarter. Harbor Capital Advisors Inc. now owns 3,051 shares of the company's stock valued at $560,000 after acquiring an additional 815 shares in the last quarter. Golden State Wealth Management LLC lifted its position in Constellation Brands by 137.0% during the first quarter. Golden State Wealth Management LLC now owns 2,204 shares of the company's stock worth $405,000 after buying an additional 1,274 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in Constellation Brands by 28.9% during the first quarter. Oppenheimer Asset Management Inc. now owns 7,360 shares of the company's stock worth $1,351,000 after buying an additional 1,651 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Constellation Brands by 7.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 17,206 shares of the company's stock worth $3,180,000 after buying an additional 1,185 shares in the last quarter. Finally, Bessemer Group Inc. lifted its position in Constellation Brands by 3.0% during the first quarter. Bessemer Group Inc. now owns 2,242 shares of the company's stock worth $412,000 after buying an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 77.34% of the company's stock.

Constellation Brands Price Performance

NYSE:STZ opened at $145.90 on Friday. Constellation Brands Inc has a 52 week low of $144.81 and a 52 week high of $261.06. The company has a quick ratio of 0.68, a current ratio of 1.07 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $25.72 billion, a P/E ratio of -61.05, a P/E/G ratio of 0.44 and a beta of 0.67. The stock's fifty day moving average is $167.43 and its two-hundred day moving average is $175.39.

Constellation Brands (NYSE:STZ - Get Free Report) last posted its 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 business had revenue of $2.52 billion during the quarter, compared to analysts' expectations of $2.57 billion. During the same quarter in the prior year, the firm earned $3.57 EPS. Constellation Brands's revenue for the quarter was down 5.5% compared to the same quarter last year. Constellation Brands has set its FY 2026 guidance at 12.600-12.900 EPS. Equities analysts expect that Constellation Brands Inc will post 13.5 EPS for the current year.

Constellation Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Wednesday, July 30th were paid a $1.02 dividend. 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 2.8%. Constellation Brands's payout ratio is presently -170.71%.

Analyst Upgrades and Downgrades

STZ has been the topic of a number of analyst reports. Needham & Company LLC reduced their price objective on Constellation Brands from $200.00 to $180.00 and set a "buy" rating on the stock in a research report on Wednesday. Roth Capital reiterated a "buy" rating and set a $209.00 price objective (down previously from $239.00) on shares of Constellation Brands in a research report on Wednesday. JPMorgan Chase & Co. lifted their price objective on Constellation Brands from $170.00 to $182.00 and gave the stock a "neutral" rating in a research report on Thursday, July 3rd. Bank of America reduced their price objective on Constellation Brands from $150.00 to $142.00 and set an "underperform" rating on the stock in a research report on Wednesday. Finally, UBS Group upped their price objective on Constellation Brands from $195.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $194.36.

Insider Activity

In related news, EVP James O. Bourdeau sold 821 shares of the business's stock in a transaction on Monday, July 21st. The stock was 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. The trade was a 8.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate 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.

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