Federation des caisses Desjardins du Quebec Raises Stock Position in Constellation Brands Inc $STZ

Key Points

• The Federation des caisses Desjardins du Quebec increased its stock holdings in Constellation Brands Inc by 65.6% during the first quarter, now owning 21,709 shares valued at approximately $3.98 million.
• Constellation Brands reported a quarterly earnings per share (EPS) of $3.22, falling short of analysts' expectations of $3.45, with revenues down 5.5% year-over-year.
• The company recently declared a quarterly dividend of $1.02, representing a 2.8% yield, despite a high dividend payout ratio of -170.71%.

Federation des caisses Desjardins du Quebec boosted its position in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 65.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,709 shares of the company's stock after buying an additional 8,597 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in Constellation Brands were worth $3,984,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in STZ. Brighton Jones LLC grew its position in Constellation Brands by 23.0% during the fourth quarter. Brighton Jones LLC now owns 1,001 shares of the company's stock valued at $221,000 after buying an additional 187 shares during the period. Bank Pictet & Cie Europe AG grew its position in Constellation Brands by 39.7% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 6,096 shares of the company's stock valued at $1,347,000 after buying an additional 1,733 shares during the period. AXA S.A. grew its position in Constellation Brands by 266.5% during the fourth quarter. AXA S.A. now owns 13,551 shares of the company's stock valued at $2,995,000 after buying an additional 9,854 shares during the period. Aptus Capital Advisors LLC grew its position in Constellation Brands by 57.6% during the fourth quarter. Aptus Capital Advisors LLC now owns 1,965 shares of the company's stock valued at $434,000 after buying an additional 718 shares during the period. Finally, Cary Street Partners Financial LLC acquired a new stake in Constellation Brands during the fourth quarter valued at $341,000. Institutional investors and hedge funds own 77.34% of the company's stock.

Constellation Brands Price Performance

STZ traded down $2.38 on Monday, reaching $146.05. 3,092,183 shares of the company's stock were exchanged, compared to its average volume of 2,433,480. The stock has a market cap of $25.75 billion, a PE ratio of -61.11, a P/E/G ratio of 0.45 and a beta of 1.75. Constellation Brands Inc has a twelve month low of $144.58 and a twelve month high of $261.06. The stock's fifty day moving average price is $167.18 and its 200-day moving average price is $175.28. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.07 and a quick ratio of 0.68.

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

Constellation Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Wednesday, July 30th were paid a dividend of $1.02 per share. The ex-dividend date of this dividend was Wednesday, July 30th. This represents a $4.08 dividend on an annualized basis and a yield of 2.8%. Constellation Brands's payout ratio is -170.71%.

Insider Buying and Selling

In other Constellation Brands news, EVP James O. Bourdeau sold 821 shares of Constellation Brands 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 transaction, the executive vice president directly owned 9,438 shares of the company's stock, valued at $1,595,022. The trade was a 8.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 12.45% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts recently commented on STZ shares. JPMorgan Chase & Co. raised their price target on shares of Constellation Brands from $170.00 to $182.00 and gave the company a "neutral" rating in a research report on Thursday, July 3rd. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Constellation Brands from $182.00 to $158.00 and set a "hold" rating on the stock in a research report on Wednesday, September 3rd. Wells Fargo & Company dropped their target price on shares of Constellation Brands from $196.00 to $170.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 3rd. Sanford C. Bernstein dropped their target price on shares of Constellation Brands from $225.00 to $195.00 and set an "outperform" rating on the stock in a research report on Thursday. Finally, UBS Group lifted their target price on shares of Constellation Brands from $195.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. 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 issued a Sell rating to the stock. According to MarketBeat, Constellation Brands has an average rating of "Moderate Buy" and a consensus price target of $194.36.

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.