Public Sector Pension Investment Board Has $3.70 Million Stock Position in Constellation Brands Inc $STZ

Key Points

• The Public Sector Pension Investment Board increased its stake in Constellation Brands Inc by 9.0%, owning a total of 20,157 shares valued at approximately $3.7 million.
• Analysts have varied price targets for Constellation Brands, with Barclays setting a target of $202 and The Goldman Sachs Group at $225, while Wells Fargo reduced theirs to $196.
• Constellation Brands reported $3.22 EPS in its recent quarterly results, missing estimates, and had a negative net margin of 4.11%.

Public Sector Pension Investment Board increased its stake in Constellation Brands Inc (NYSE:STZ - Free Report) by 9.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,157 shares of the company's stock after purchasing an additional 1,672 shares during the quarter. Public Sector Pension Investment Board's holdings in Constellation Brands were worth $3,699,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of STZ. Minot DeBlois Advisors LLC acquired a new stake in shares of Constellation Brands during the 4th quarter valued at about $29,000. Optiver Holding B.V. bought a new position in Constellation Brands in the 4th quarter worth approximately $31,000. Laurel Wealth Advisors LLC bought a new stake in shares of Constellation Brands during the first quarter valued at approximately $32,000. Rakuten Securities Inc. boosted its stake in Constellation Brands by 805.0% in the 1st quarter. Rakuten Securities Inc. now owns 181 shares of the company's stock valued at $33,000 after buying an additional 161 shares in the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new stake in Constellation Brands in the 4th quarter valued at $44,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Constellation Brands Stock Down 0.9%

Shares of NYSE:STZ traded down $1.4730 during mid-day trading on Thursday, reaching $164.8270. 1,559,673 shares of the stock were exchanged, compared to its average volume of 1,528,375. 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 company has a market cap of $29.06 billion, a P/E ratio of -68.97, a P/E/G ratio of 10.07 and a beta of 0.67. Constellation Brands Inc has a one year low of $159.35 and a one year high of $261.06. The stock's 50 day simple moving average is $168.40 and its 200-day simple moving average is $176.05.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its quarterly earnings results on Tuesday, July 1st. The company reported $3.22 EPS for the quarter, missing the consensus estimate 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 company had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same period last year, the company posted $3.57 earnings per share. The business's revenue for the quarter 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 research analysts predict that Constellation Brands Inc will post 13.5 EPS for the current year.

Constellation Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Wednesday, July 30th were given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Wednesday, July 30th. Constellation Brands's dividend payout ratio (DPR) is presently -170.71%.

Insider Activity

In other news, EVP James O. Bourdeau sold 821 shares of the stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $169.00, for a total transaction of $138,749.00. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 12.45% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

STZ has been the topic of a number of recent analyst reports. Piper Sandler boosted their price objective on Constellation Brands from $165.00 to $170.00 and gave the stock a "neutral" rating in a research note on Friday, June 6th. CJS Securities cut their price target on Constellation Brands from $196.00 to $194.00 in a research note on Monday, May 19th. JPMorgan Chase & Co. upped their price target on Constellation Brands from $170.00 to $182.00 and gave the company a "neutral" rating in a research note on Thursday, July 3rd. Truist Financial raised Constellation Brands from a "hold" rating to a "buy" rating and upped their price target for the company from $190.00 to $215.00 in a research note on Wednesday, May 7th. Finally, Roth Capital dropped their price objective on Constellation Brands from $256.00 to $239.00 and set a "buy" rating for the company in a report on Tuesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, Constellation Brands has an average rating of "Moderate Buy" and an average price target of $213.74.

Constellation Brands Company 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.