Constellation Brands Inc $STZ Position Boosted by Northern Trust Corp

Key Points

• Northern Trust Corp has increased its stake in Constellation Brands Inc by 1.2%, holding 1,534,357 shares valued at approximately $281.59 million.
• Constellation Brands reported earnings per share of $3.22 for the last quarter, missing expectations of $3.45, with revenue down 5.5% year-over-year.
• The company announced a quarterly dividend of $1.02 per share, reflecting an annualized dividend of $4.08 and a yield of 2.5%.

Northern Trust Corp grew its position in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 1.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,534,357 shares of the company's stock after purchasing an additional 17,832 shares during the period. Northern Trust Corp owned approximately 0.86% of Constellation Brands worth $281,585,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in STZ. Cambiar Investors LLC grew its holdings in Constellation Brands by 16.3% during the 1st quarter. Cambiar Investors LLC now owns 176,412 shares of the company's stock worth $32,375,000 after acquiring an additional 24,700 shares in the last quarter. Oder Investment Management LLC grew its holdings in Constellation Brands by 19.4% during the 1st quarter. Oder Investment Management LLC now owns 1,484 shares of the company's stock worth $272,000 after acquiring an additional 241 shares in the last quarter. Cresset Asset Management LLC grew its position in shares of Constellation Brands by 846.6% in the 1st quarter. Cresset Asset Management LLC now owns 51,701 shares of the company's stock worth $9,488,000 after acquiring an additional 46,239 shares in the last quarter. Forvis Mazars Wealth Advisors LLC increased its stake in Constellation Brands by 8.8% during the first quarter. Forvis Mazars Wealth Advisors LLC now owns 11,664 shares of the company's stock valued at $2,141,000 after purchasing an additional 943 shares during the last quarter. Finally, Ethic Inc. boosted its holdings in shares of Constellation Brands by 16.8% in the 1st quarter. Ethic Inc. now owns 35,799 shares of the company's stock valued at $6,616,000 after buying an additional 5,151 shares during the period. 77.34% of the stock is owned by institutional investors and hedge funds.

Constellation Brands Trading Up 1.6%

NYSE STZ traded up $2.5720 on Friday, hitting $167.5020. 1,725,932 shares of the company were exchanged, compared to its average volume of 1,539,782. The company's 50 day moving average price is $168.36 and its 200-day moving average price is $175.95. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.07 and a quick ratio of 0.68. The firm has a market capitalization 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 Inc has a twelve month low of $159.35 and a twelve month high of $261.06.

Constellation Brands (NYSE:STZ - Get Free Report) last posted its quarterly earnings data on Tuesday, July 1st. The company reported $3.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.45 by ($0.23). The company 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%.Constellation Brands's quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.57 EPS. Constellation Brands has set its FY 2026 guidance at 12.600-12.900 EPS. Analysts predict that Constellation Brands Inc will post 13.5 earnings per share for the current fiscal 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 issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.4%. The ex-dividend date was Wednesday, July 30th. Constellation Brands's payout ratio is presently -170.71%.

Analyst Upgrades and Downgrades

STZ has been the subject of several research reports. The Goldman Sachs Group set a $225.00 price target on shares of Constellation Brands and gave the company a "buy" rating in a report on Friday, June 27th. CJS Securities reduced their price target on shares of Constellation Brands from $196.00 to $194.00 in a report on Monday, May 19th. Citigroup lifted their price objective on shares of Constellation Brands from $170.00 to $174.00 and gave the company a "neutral" rating in a research note on Thursday, July 3rd. Roth Capital cut their price objective on shares of Constellation Brands from $256.00 to $239.00 and set a "buy" rating on the stock in a research note on Tuesday, May 20th. Finally, Wells Fargo & Company cut their price objective on shares of Constellation Brands from $210.00 to $196.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $213.74.

Insider Transactions at Constellation Brands

In other Constellation Brands news, EVP James O. Bourdeau sold 821 shares of the business's 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 sale, the executive vice president owned 9,438 shares in the company, valued at approximately $1,595,022. The trade was a 8.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 12.45% of the company's stock.

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.