Nykredit A S Acquires New Shares in Constellation Brands Inc $STZ

Key Points

• Nykredit A/S acquired 455,503 shares of Constellation Brands in the second quarter, worth approximately $63.4 million and representing about 0.27% of the company. Institutional investors collectively own 77.34% of STZ.
• Analyst sentiment is mixed, with a consensus “Hold” rating and average price target of $165.14. Several firms recently lowered their targets, while ratings range from “Underperform” to “Outperform.”
• Constellation Brands shares opened at $119.03, near their 52-week low, after the company missed quarterly EPS estimates despite exceeding revenue expectations. The company pays a quarterly dividend of $1.03 per share, implying a 3.5% annualized yield.

Nykredit A S bought a new position in Constellation Brands Inc (NYSE:STZ - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 455,503 shares of the company's stock, valued at approximately $63,356,000. Nykredit A S owned about 0.27% of Constellation Brands as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the stock. Wellington Grp LLC lifted its stake in shares of Constellation Brands by 90.8% in the 2nd quarter. Wellington Grp LLC now owns 4,933 shares of the company's stock worth $686,000 after purchasing an additional 2,347 shares during the period. Studio Investment Management LLC purchased a new position in shares of Constellation Brands during the 2nd quarter worth $202,000. Ameritas Advisory Services LLC bought a new stake in shares of Constellation Brands during the 2nd quarter valued at $299,000. AlphaGrep UK Ltd bought a new stake in shares of Constellation Brands during the 2nd quarter valued at $205,000. Finally, Raiffeisen Bank International AG increased its stake in shares of Constellation Brands by 1,689.5% in the 2nd quarter. Raiffeisen Bank International AG now owns 6,156 shares of the company's stock worth $859,000 after purchasing an additional 5,812 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on STZ. Wells Fargo & Company lowered their target price on Constellation Brands from $185.00 to $170.00 and set an "overweight" rating on the stock in a research report on Monday, June 29th. BNP Paribas Exane decreased their price objective on Constellation Brands from $117.00 to $115.00 and set an "underperform" rating on the stock in a research note on Thursday, July 2nd. Freedom Capital cut Constellation Brands from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 1st. Piper Sandler reissued a "neutral" rating and issued a $160.00 target price on shares of Constellation Brands in a report on Wednesday, July 1st. Finally, Sanford C. Bernstein restated an "outperform" rating and set a $197.00 target price (down from $305.00) on shares of Constellation Brands in a research note on Wednesday, July 1st. Twelve equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Constellation Brands has a consensus rating of "Hold" and an average price target of $165.14.

Constellation Brands Trading Down 2.8%

STZ stock opened at $119.03 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.91 and a quick ratio of 0.48. Constellation Brands Inc has a 1-year low of $118.91 and a 1-year high of $168.60. The business has a 50 day simple moving average of $130.51 and a two-hundred day simple moving average of $141.77. The company has a market capitalization of $20.33 billion, a price-to-earnings ratio of 11.36, a PEG ratio of 2.42 and a beta of 0.41.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its earnings results on Tuesday, June 30th. The company reported $3.43 earnings per share for the quarter, missing analysts' consensus estimates of $3.70 by ($0.27). The company had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.39 billion. Constellation Brands had a return on equity of 25.58% and a net margin of 18.87%.Constellation Brands's revenue was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.22 EPS. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. Research analysts anticipate that Constellation Brands Inc will post 11.84 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, July 30th were issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 3.5%. The ex-dividend date was Thursday, July 30th. Constellation Brands's dividend payout ratio is presently 39.31%.

Constellation Brands Company Profile

Constellation Brands, Inc NYSE: STZ is a beverage alcohol company that produces, markets and distributes beer, wine and spirits. Its portfolio includes well-known beer brands such as Corona Extra, Modelo Especial, Modelo Negra, Pacifico and Victoria, along with wine brands including Robert Mondavi, The Prisoner, Kim Crawford and Meiomi. Its spirits portfolio includes brands such as Casa Noble tequila and High West whiskey.

The company's beer business is focused primarily on the United States, where Constellation markets and sells Mexican beer brands brewed by its production operations in Mexico.

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