EP Wealth Advisors LLC Takes Position in Constellation Brands Inc $STZ

Key Points

• EP Wealth Advisors LLC has acquired a new stake in Constellation Brands, purchasing 5,912 shares valued at approximately $1,085,000 in the 1st quarter.
• Constellation Brands reported a Q2 EPS of $3.22, which missed analysts' expectations of $3.45, and experienced a 5.5% decline in revenue compared to the same quarter last year.
• The firm declared a quarterly dividend of $1.02 per share, resulting in an annualized yield of 2.7%.

EP Wealth Advisors LLC acquired a new stake in Constellation Brands Inc (NYSE:STZ - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 5,912 shares of the company's stock, valued at approximately $1,085,000.

Several other hedge funds have also recently bought and sold shares of the stock. Harbor Capital Advisors Inc. increased its position in shares of Constellation Brands by 36.4% during the first quarter. Harbor Capital Advisors Inc. now owns 3,051 shares of the company's stock worth $560,000 after acquiring an additional 815 shares in the last quarter. Golden State Wealth Management LLC boosted its stake in Constellation Brands by 137.0% in the 1st quarter. Golden State Wealth Management LLC now owns 2,204 shares of the company's stock worth $405,000 after purchasing an additional 1,274 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in Constellation Brands by 28.9% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 7,360 shares of the company's stock worth $1,351,000 after purchasing an additional 1,651 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Constellation Brands by 7.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 17,206 shares of the company's stock worth $3,180,000 after purchasing an additional 1,185 shares in the last quarter. Finally, Bessemer Group Inc. raised its stake in shares of 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. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Constellation Brands

In other news, EVP James O. Bourdeau sold 821 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 9,438 shares of the company's stock, valued at $1,595,022. This trade represents a 8.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 12.45% of the stock is owned by corporate insiders.

Constellation Brands Price Performance

NYSE:STZ opened at $148.38 on Friday. The stock has a market capitalization of $26.16 billion, a PE ratio of -62.08, a P/E/G ratio of 0.44 and a beta of 0.67. Constellation Brands Inc has a 1-year low of $144.81 and a 1-year high of $261.06. The firm has a fifty day simple moving average of $167.18 and a 200 day simple moving average of $175.24. The company has a current ratio of 1.07, a quick ratio of 0.68 and a debt-to-equity ratio of 1.30.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its quarterly 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). The firm had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.57 billion. Constellation Brands had a negative net margin of 4.11% and a positive return on equity of 31.41%. The business's revenue was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.57 EPS. Constellation Brands has set its FY 2026 guidance at 12.600-12.900 EPS. On average, research analysts expect that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Shareholders 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 2.7%. The ex-dividend date of this dividend was Wednesday, July 30th. Constellation Brands's payout ratio is -170.71%.

Analyst Ratings Changes

STZ has been the subject of several recent research reports. Jefferies Financial Group reduced their price objective on Constellation Brands from $205.00 to $179.00 and set a "buy" rating for the company in a research report on Wednesday. UBS Group boosted their target price on Constellation Brands from $195.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. Bank of America decreased their price target on shares of Constellation Brands from $150.00 to $142.00 and set an "underperform" rating for the company in a research note on Wednesday. BMO Capital Markets cut their price objective on shares of Constellation Brands from $215.00 to $190.00 and set an "outperform" rating on the stock in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Constellation Brands from $182.00 to $158.00 and set a "hold" rating for the company in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Constellation Brands presently has an average rating of "Moderate Buy" and an average target price of $194.36.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.