Jacobs Levy Equity Management Inc. Invests $1.15 Million in Constellation Brands Inc $STZ

Key Points

• Jacobs Levy Equity Management Inc. acquired a new position in Constellation Brands, purchasing 6,247 shares valued at approximately $1.15 million during the first quarter.
• Several institutional investors adjusted their holdings in Constellation Brands, indicating a high level of institutional ownership at 77.34%.
• Analysts have lowered their price targets on Constellation Brands, with Bank of America setting a new target of $142, reflecting a cautious outlook for the stock.

Jacobs Levy Equity Management Inc. purchased a new position in Constellation Brands Inc (NYSE:STZ - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 6,247 shares of the company's stock, valued at approximately $1,146,000.

Several other institutional investors have also added to or reduced their stakes in STZ. Brighton Jones LLC raised its position in shares of Constellation Brands by 23.0% during the 4th quarter. Brighton Jones LLC now owns 1,001 shares of the company's stock valued at $221,000 after purchasing an additional 187 shares during the period. Bank Pictet & Cie Europe AG raised its position in shares of Constellation Brands by 39.7% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 6,096 shares of the company's stock valued at $1,347,000 after purchasing an additional 1,733 shares during the period. Graham Capital Management L.P. bought a new stake in shares of Constellation Brands during the 4th quarter valued at $655,000. Jefferies Financial Group Inc. bought a new stake in shares of Constellation Brands during the 4th quarter valued at $944,000. Finally, OMERS ADMINISTRATION Corp raised its position in shares of Constellation Brands by 20.6% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 6,879 shares of the company's stock valued at $1,520,000 after purchasing an additional 1,173 shares during the period. 77.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Constellation Brands

In other news, EVP James O. Bourdeau sold 821 shares of the business's stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $169.00, for a total value of $138,749.00. Following the sale, the executive vice president directly owned 9,438 shares in the company, valued at $1,595,022. The trade was a 8.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 12.45% of the stock is currently owned by company insiders.

Constellation Brands Price Performance

NYSE STZ traded down $3.46 on Friday, reaching $139.52. The company had a trading volume of 2,445,127 shares, compared to its average volume of 2,579,424. The company has a quick ratio of 0.68, a current ratio of 1.07 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $24.60 billion, a PE ratio of -58.38, a price-to-earnings-growth ratio of 0.43 and a beta of 0.67. The firm's 50 day moving average price is $164.56 and its 200 day moving average price is $174.11. Constellation Brands Inc has a 12 month low of $139.45 and a 12 month high of $261.06.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its quarterly earnings data on Tuesday, July 1st. The company reported $3.22 EPS for the quarter, missing analysts' consensus estimates of $3.45 by ($0.23). Constellation Brands had a positive return on equity of 31.41% and a negative net margin of 4.11%.The business had revenue of $2.52 billion during the quarter, compared to analysts' expectations of $2.57 billion. During the same period in the previous year, the business earned $3.57 earnings per share. The business's quarterly 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, equities analysts predict that Constellation Brands Inc will post 13.5 earnings per share for the current year.

Constellation Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Wednesday, July 30th were issued a $1.02 dividend. The ex-dividend date was Wednesday, July 30th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.9%. Constellation Brands's payout ratio is -170.71%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Wells Fargo & Company decreased their price objective 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. Piper Sandler raised their price objective on shares of Constellation Brands from $165.00 to $170.00 and gave the company a "neutral" rating in a research report on Friday, June 6th. TD Cowen decreased their price objective on shares of Constellation Brands from $180.00 to $152.00 and set a "hold" rating on the stock in a research report on Thursday, September 4th. Citigroup decreased their price objective on shares of Constellation Brands from $174.00 to $155.00 and set a "neutral" rating on the stock in a research report on Thursday, September 4th. Finally, Roth Capital reiterated a "buy" rating and issued a $209.00 price target (down from $239.00) on shares of Constellation Brands in a report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $192.28.

About Constellation Brands

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.