Invst LLC Makes New $1.37 Million Investment in Constellation Brands Inc $STZ

Key Points

• Invst LLC made a new investment of $1.37 million in Constellation Brands Inc during the first quarter, acquiring 7,441 shares of the company.
• Several hedge funds, including Harbor Capital Advisors and Oppenheimer Asset Management, increased their positions in Constellation Brands, reflecting growing institutional interest as they own 77.34% of the company's stock.
• Constellation Brands has seen mixed ratings from analysts, with a consensus rating of "Hold" and an average price target of $194.36, as recent earnings missed expectations.

Invst LLC purchased a new position in shares of Constellation Brands Inc (NYSE:STZ - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,441 shares of the company's stock, valued at approximately $1,366,000.

Other hedge funds also recently bought and sold shares of the company. Harbor Capital Advisors Inc. increased its position in 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 in the last quarter. Golden State Wealth Management LLC increased 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. grew its position in shares of 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 during the period. 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 during 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 during the last quarter. Hedge funds and other institutional investors own 77.34% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Raymond James Financial upgraded Constellation Brands to a "strong-buy" rating in a research note on Monday, July 7th. Citigroup dropped their price objective on shares of Constellation Brands from $174.00 to $155.00 and set a "neutral" rating for the company in a research note on Thursday, September 4th. Zacks Research downgraded shares of Constellation Brands from a "hold" rating to a "strong sell" rating in a research note on Tuesday. JPMorgan Chase & Co. upped their price objective on shares of Constellation Brands from $170.00 to $182.00 and gave the company a "neutral" rating in a research note on Thursday, July 3rd. Finally, BMO Capital Markets dropped their price objective on shares of Constellation Brands from $215.00 to $190.00 and set an "outperform" rating for the company in a research note on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the company's stock. According to MarketBeat.com, Constellation Brands has a consensus rating of "Hold" and an average price target of $194.36.

Insider Activity at Constellation Brands

In other Constellation Brands news, EVP James O. Bourdeau sold 821 shares of the company'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 transaction, the executive vice president owned 9,438 shares in the company, valued at $1,595,022. This represents a 8.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 12.45% of the stock is currently owned by corporate insiders.

Constellation Brands Price Performance

STZ stock opened at $142.89 on Friday. The stock has a 50-day moving average price of $165.22 and a two-hundred day moving average price of $174.40. Constellation Brands Inc has a 12-month low of $142.25 and a 12-month high of $261.06. The company has a current ratio of 1.07, a quick ratio of 0.68 and a debt-to-equity ratio of 1.30. The company has a market cap of $25.19 billion, a PE ratio of -59.79, a price-to-earnings-growth ratio of 0.43 and a beta of 0.67.

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 (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 firm had revenue of $2.52 billion for the quarter, compared to analysts' expectations of $2.57 billion. During the same period last year, the firm posted $3.57 EPS. Constellation Brands's revenue was down 5.5% on a year-over-year basis. Constellation Brands has set its FY 2026 guidance at 12.600-12.900 EPS. As a group, research analysts predict that Constellation Brands Inc will post 13.5 EPS for the current year.

Constellation Brands Dividend Announcement

The business also recently disclosed 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. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Wednesday, July 30th. Constellation Brands's payout ratio is currently -170.71%.

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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