Epoch Investment Partners Inc. Has $13.89 Million Stake in Constellation Brands Inc $STZ

Key Points

• Epoch Investment Partners Inc. reduced its stake in Constellation Brands Inc by 68.5%, now holding 75,658 shares valued at approximately $13.89 million.
• Other institutional investors have increased their holdings in Constellation Brands, with Harbor Capital Advisors raising its stake by 36.4%, and Golden State Wealth Management increasing theirs by 137.0%.
• Constellation Brands recently reported quarterly earnings of $3.22 EPS, missing estimates, and announced a quarterly dividend of $1.02 per share, representing an annualized yield of 2.6%.

Epoch Investment Partners Inc. trimmed its stake in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 68.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 75,658 shares of the company's stock after selling 164,639 shares during the period. Epoch Investment Partners Inc.'s holdings in Constellation Brands were worth $13,885,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Harbor Capital Advisors Inc. raised its stake 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 buying an additional 815 shares during the last quarter. Golden State Wealth Management LLC increased its stake in Constellation Brands by 137.0% in the first quarter. Golden State Wealth Management LLC now owns 2,204 shares of the company's stock valued at $405,000 after purchasing an additional 1,274 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in Constellation Brands by 28.9% in the first quarter. Oppenheimer Asset Management Inc. now owns 7,360 shares of the company's stock valued at $1,351,000 after purchasing an additional 1,651 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Constellation Brands by 7.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 17,206 shares of the company's stock valued at $3,180,000 after purchasing an additional 1,185 shares in the last quarter. Finally, Bessemer Group Inc. increased its stake in Constellation Brands by 3.0% in the first quarter. Bessemer Group Inc. now owns 2,242 shares of the company's stock valued at $412,000 after purchasing an additional 65 shares in the last quarter. 77.34% of the stock is owned by institutional investors.

Constellation Brands Stock Performance

Shares of STZ stock opened at $158.45 on Wednesday. The stock has a market cap of $27.93 billion, a P/E ratio of -66.30, a P/E/G ratio of 9.91 and a beta of 1.75. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.07 and a quick ratio of 0.68. The company has a fifty day moving average price of $168.34 and a two-hundred day moving average price of $175.85. Constellation Brands Inc has a one year low of $156.17 and a one year high of $261.06.

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. As a group, equities analysts predict that Constellation Brands Inc will post 13.5 EPS for the current year.

Constellation Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Wednesday, July 30th were paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Wednesday, July 30th. Constellation Brands's dividend payout ratio (DPR) is currently -170.71%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on STZ shares. Barclays set a $202.00 price objective on shares of Constellation Brands and gave the stock an "overweight" rating in a research report on Thursday, June 26th. JPMorgan Chase & Co. increased their price objective on shares of Constellation Brands from $170.00 to $182.00 and gave the stock a "neutral" rating in a research report on Thursday, July 3rd. Cowen reissued a "hold" rating on shares of Constellation Brands in a research report on Monday, July 7th. Jefferies Financial Group raised shares of Constellation Brands from a "hold" rating to a "buy" rating and increased their price objective for the stock from $194.00 to $205.00 in a research report on Monday, July 7th. Finally, Truist Financial raised shares of Constellation Brands from a "hold" rating to a "buy" rating and increased their price objective for the stock from $190.00 to $215.00 in a research report on Wednesday, May 7th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $212.35.

Insider Activity

In other news, EVP James O. Bourdeau sold 821 shares of the firm's stock in a transaction dated 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 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 12.45% of the company's stock.

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.

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