Quantitative Investment Management LLC Makes New $11.98 Million Investment in Constellation Brands Inc $STZ

Key Points

• Quantitative Investment Management LLC has invested approximately $11.98 million in Constellation Brands, acquiring 65,253 shares which now constitute 1.1% of its investment portfolio.
• Several institutional investors, including Harbor Capital Advisors and Golden State Wealth Management, have significantly increased their positions in Constellation Brands during the 1st quarter of 2023.
• Constellation Brands recently declared a quarterly dividend of $1.02, representing an annualized yield of 2.4%, despite a negative dividend payout ratio of -170.71%.

Quantitative Investment Management LLC bought a new stake in Constellation Brands Inc (NYSE:STZ - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 65,253 shares of the company's stock, valued at approximately $11,975,000. Constellation Brands accounts for approximately 1.1% of Quantitative Investment Management LLC's portfolio, making the stock its 17th biggest position.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC raised its stake in shares of Constellation Brands by 23.0% during the fourth quarter. Brighton Jones LLC now owns 1,001 shares of the company's stock worth $221,000 after purchasing an additional 187 shares during the last quarter. Bank Pictet & Cie Europe AG increased its holdings in shares of Constellation Brands by 39.7% in 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 in the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of Constellation Brands by 16.9% during the 4th quarter. Integrated Wealth Concepts LLC now owns 12,099 shares of the company's stock worth $2,674,000 after acquiring an additional 1,748 shares in the last quarter. Nebula Research & Development LLC purchased a new position in Constellation Brands in the 4th quarter valued at approximately $398,000. Finally, Capital Analysts LLC raised its holdings in Constellation Brands by 15.8% during the fourth quarter. Capital Analysts LLC now owns 13,752 shares of the company's stock worth $3,039,000 after purchasing an additional 1,876 shares during the last quarter. 77.34% of the stock is owned by hedge funds and other institutional investors.

Constellation Brands Stock Performance

STZ stock traded up $2.22 on Wednesday, reaching $160.59. The company's stock had a trading volume of 2,077,623 shares, compared to its average volume of 1,790,914. Constellation Brands Inc has a 52 week low of $156.17 and a 52 week high of $261.06. The company has a market capitalization of $28.31 billion, a P/E ratio of -67.19, a price-to-earnings-growth ratio of 6.87 and a beta of 0.67. The firm has a fifty day moving average of $168.34 and a two-hundred day moving average of $175.85. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.07 and a quick ratio of 0.68.

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 during the quarter, compared to the consensus estimate of $2.57 billion. Constellation Brands had a negative net margin of 4.11% and a positive return on equity of 31.41%. The company's revenue was down 5.5% on a year-over-year basis. During the same quarter last year, the business earned $3.57 earnings per share. Constellation Brands has set its FY 2026 guidance at 12.600-12.900 EPS. As a group, analysts predict that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Wednesday, July 30th were paid a dividend of $1.02 per share. The ex-dividend date of this dividend was Wednesday, July 30th. This represents a $4.08 annualized dividend and a yield of 2.5%. Constellation Brands's dividend payout ratio is currently -170.71%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on STZ shares. UBS Group raised their target price on shares of Constellation Brands from $195.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. Citigroup reaffirmed a "negative" rating on shares of Constellation Brands in a research note on Monday. Jefferies Financial Group raised Constellation Brands from a "hold" rating to a "buy" rating and lifted their price objective for the company from $194.00 to $205.00 in a research report on Monday, July 7th. Barclays set a $202.00 price target on Constellation Brands and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Finally, Truist Financial upgraded shares of Constellation Brands from a "hold" rating to a "buy" rating and boosted their target price for the company from $190.00 to $215.00 in a report on Wednesday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $212.35.

Insider Buying and Selling at Constellation Brands

In related news, EVP James O. Bourdeau sold 821 shares of Constellation Brands stock in a transaction on Monday, July 21st. The stock was sold at an average price of $169.00, for a total value of $138,749.00. Following the transaction, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. 12.45% of the stock is currently owned by corporate insiders.

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.