Infusive Asset Management Inc. Has $1.13 Million Stake in Constellation Brands Inc $STZ

Key Points

• Infusive Asset Management Inc. has significantly reduced its holdings in Constellation Brands by 64.1%, selling 10,948 shares and leaving it with 6,135 shares valued at approximately $1.126 million.
• Several other institutional investors have increased their positions in Constellation Brands, with notable increases including AXA S.A. by 266.5%, now holding 13,551 shares worth about $2.995 million.
• Constellation Brands recently reported earnings per share of $3.22, missing estimates, and announced a quarterly dividend of $1.02 per share, yielding 2.8%.

Infusive Asset Management Inc. decreased its position in Constellation Brands Inc (NYSE:STZ - Free Report) by 64.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,135 shares of the company's stock after selling 10,948 shares during the quarter. Infusive Asset Management Inc.'s holdings in Constellation Brands were worth $1,126,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in STZ. Minot DeBlois Advisors LLC bought a new stake in shares of Constellation Brands in the fourth quarter valued at approximately $29,000. Laurel Wealth Advisors LLC bought a new stake in shares of Constellation Brands in the first quarter valued at approximately $32,000. Rakuten Securities Inc. boosted its stake in shares of Constellation Brands by 805.0% in the first quarter. Rakuten Securities Inc. now owns 181 shares of the company's stock valued at $33,000 after buying an additional 161 shares during the period. Zions Bancorporation National Association UT bought a new stake in shares of Constellation Brands in the first quarter valued at approximately $38,000. Finally, WPG Advisers LLC bought a new stake in shares of Constellation Brands in the first quarter valued at approximately $43,000. Institutional investors and hedge funds own 77.34% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on STZ. BMO Capital Markets cut their price target on Constellation Brands from $215.00 to $190.00 and set an "outperform" rating for the company in a research note on Thursday. Wells Fargo & Company cut their price target on Constellation Brands from $196.00 to $170.00 and set an "overweight" rating for the company in a research note on Wednesday. Barclays set a $202.00 price target on Constellation Brands and gave the company an "overweight" rating in a research note on Thursday, June 26th. Citigroup cut their price target on Constellation Brands from $174.00 to $155.00 and set a "neutral" rating for the company in a research note on Thursday. Finally, BNP Paribas Exane cut Constellation Brands from a "neutral" rating to an "underperform" rating and set a $123.00 target price for the company. in a research note on Wednesday. One investment 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $194.36.

Insider Activity

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

Constellation Brands Price Performance

NYSE STZ traded up $2.50 on Friday, hitting $148.38. 3,045,709 shares of the company's stock were exchanged, compared to its average volume of 2,292,581. The stock has a 50-day moving average of $167.18 and a 200-day moving average of $175.28. 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 Inc has a 52 week low of $144.81 and a 52 week high of $261.06. The stock has a market cap of $26.16 billion, a price-to-earnings ratio of -62.08, a P/E/G ratio of 0.45 and a beta of 0.67.

Constellation Brands (NYSE:STZ - Get Free Report) last released its earnings results on Tuesday, July 1st. The company reported $3.22 earnings per share for the quarter, missing the consensus estimate of $3.45 by ($0.23). The business had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.57 billion. Constellation Brands had a positive return on equity of 31.41% and a negative net margin of 4.11%.The firm's revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.57 earnings per share. Constellation Brands has set its FY 2026 guidance at 12.600-12.900 EPS. Analysts expect that Constellation Brands Inc will post 13.5 earnings per share for the current year.

Constellation Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Wednesday, July 30th were issued a dividend of $1.02 per share. The ex-dividend date was Wednesday, July 30th. This represents a $4.08 annualized dividend and a dividend yield of 2.7%. Constellation Brands's dividend payout ratio is -170.71%.

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.