Level Four Advisory Services LLC Increases Position in Constellation Brands Inc $STZ

Key Points

• Level Four Advisory Services LLC increased its position in Constellation Brands Inc by 30.5%, owning 16,149 shares valued at approximately $2.96 million.
• Analysts have mixed ratings for STZ, with an average target price of $213.74 and a fluctuating performance of earnings, including a recent earnings per share of $3.22 that missed expectations.
• Constellation Brands announced a quarterly dividend of $1.02 per share, resulting in an annual yield of 2.5%, despite a negative payout ratio of -170.71%.

Level Four Advisory Services LLC boosted its holdings in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 30.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,149 shares of the company's stock after buying an additional 3,778 shares during the quarter. Level Four Advisory Services LLC's holdings in Constellation Brands were worth $2,964,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Harbor Capital Advisors Inc. raised its position in shares of Constellation Brands by 36.4% in the 1st quarter. Harbor Capital Advisors Inc. now owns 3,051 shares of the company's stock worth $560,000 after acquiring an additional 815 shares in the last quarter. Golden State Wealth Management LLC lifted its position in shares of Constellation Brands by 137.0% during the first quarter. Golden State Wealth Management LLC now owns 2,204 shares of the company's stock valued at $405,000 after buying an additional 1,274 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of Constellation Brands by 28.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 7,360 shares of the company's stock valued at $1,351,000 after buying an additional 1,651 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Constellation Brands by 7.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 17,206 shares of the company's stock worth $3,180,000 after buying an additional 1,185 shares during the last quarter. Finally, Bessemer Group Inc. raised its stake in shares of Constellation Brands by 3.0% during the 1st quarter. Bessemer Group Inc. now owns 2,242 shares of the company's stock worth $412,000 after acquiring an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 77.34% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. CJS Securities lowered their target price on shares of Constellation Brands from $196.00 to $194.00 in a research note on Monday, May 19th. Deutsche Bank Aktiengesellschaft lowered their price objective on Constellation Brands from $191.00 to $185.00 and set a "hold" rating for the company in a research report on Thursday, June 5th. Citigroup upped their target price on Constellation Brands from $170.00 to $174.00 and gave the company a "neutral" rating in a research report on Thursday, July 3rd. Barclays set a $202.00 price target on Constellation Brands and gave the stock an "overweight" rating in a report on Thursday, June 26th. Finally, Truist Financial upgraded Constellation Brands from a "hold" rating to a "buy" rating and boosted their price target for the stock from $190.00 to $215.00 in a research note on Wednesday, May 7th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat, Constellation Brands currently has an average rating of "Moderate Buy" and an average target price of $213.74.

Insiders Place Their Bets

In other Constellation Brands news, EVP James O. Bourdeau sold 821 shares of Constellation Brands stock in a transaction dated Monday, July 21st. The stock was 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 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 is accessible through this link. Corporate insiders own 12.45% of the company's stock.

Constellation Brands Stock Performance

NYSE STZ traded up $2.5720 during trading hours on Friday, reaching $167.5020. The stock had a trading volume of 1,725,932 shares, compared to its average volume of 1,539,782. Constellation Brands Inc has a 52-week low of $159.35 and a 52-week high of $261.06. The stock has a fifty day moving average of $168.36 and a 200 day moving average of $175.97. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.68 and a current ratio of 1.07. The stock has a market cap of $29.53 billion, a P/E ratio of -70.08, a price-to-earnings-growth ratio of 10.15 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). The business had revenue of $2.52 billion for the quarter, compared to analysts' expectations 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 quarterly revenue was down 5.5% compared to the same quarter last year. During the same period in the prior year, the business posted $3.57 earnings per share. Constellation Brands has set its FY 2026 guidance at 12.600-12.900 EPS. Sell-side analysts predict that Constellation Brands Inc will post 13.5 earnings per share for the current year.

Constellation Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Wednesday, July 30th were issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Wednesday, July 30th. Constellation Brands's dividend payout ratio is presently -170.71%.

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.