RWA Wealth Partners LLC Acquires New Position in Constellation Brands Inc $STZ

Key Points

• RWA Wealth Partners LLC acquired a new stake in Constellation Brands, purchasing 39,758 shares valued at approximately $7.3 million in the first quarter.
• Despite recent institutional investments, Constellation Brands’ stock has seen a 1.1% decline in value, currently trading at $166.34.
• Constellation Brands recently reported earnings of $3.22 per share, missing estimates and showing a 5.5% decrease in revenue year-over-year, totaling $2.52 billion.

RWA Wealth Partners LLC acquired a new position in Constellation Brands Inc (NYSE:STZ - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 39,758 shares of the company's stock, valued at approximately $7,296,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Berkshire Hathaway Inc bought a new position in shares of Constellation Brands in the 4th quarter worth about $1,242,976,000. Vanguard Group Inc. increased its holdings in shares of Constellation Brands by 18.6% during the first quarter. Vanguard Group Inc. now owns 18,417,604 shares of the company's stock valued at $3,379,999,000 after acquiring an additional 2,882,817 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Constellation Brands by 127.9% during the first quarter. Wellington Management Group LLP now owns 4,480,788 shares of the company's stock valued at $822,314,000 after acquiring an additional 2,514,517 shares in the last quarter. D1 Capital Partners L.P. raised its position in shares of Constellation Brands by 186.6% in the 4th quarter. D1 Capital Partners L.P. now owns 1,527,689 shares of the company's stock worth $337,619,000 after purchasing an additional 994,639 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Constellation Brands by 7,602.6% in the 1st quarter. GAMMA Investing LLC now owns 396,220 shares of the company's stock worth $72,714,000 after purchasing an additional 391,076 shares in the last quarter. Hedge funds and other institutional investors own 77.34% of the company's stock.

Insider Transactions at Constellation Brands

In other Constellation Brands news, EVP James O. Bourdeau sold 821 shares of the stock in a transaction that occurred on Monday, July 21st. The shares were 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 approximately $1,595,022. This trade represents a 8.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 12.45% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on STZ. Wall Street Zen raised shares of Constellation Brands from a "sell" rating to a "hold" rating in a report on Tuesday, May 20th. CJS Securities reduced their price target on shares of Constellation Brands from $196.00 to $194.00 in a research report on Monday, May 19th. Wells Fargo & Company decreased their price objective on shares of Constellation Brands from $210.00 to $196.00 and set an "overweight" rating for the company in a report on Wednesday, June 25th. Jefferies Financial Group upgraded Constellation Brands from a "hold" rating to a "buy" rating and increased their target price for the company from $194.00 to $205.00 in a research note on Monday, July 7th. Finally, Truist Financial raised Constellation Brands from a "hold" rating to a "buy" rating and lifted their target price for the stock from $190.00 to $215.00 in a report on Wednesday, May 7th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, Constellation Brands currently has a consensus rating of "Moderate Buy" and a consensus price target of $213.74.

Constellation Brands Stock Performance

Shares of STZ stock traded down $1.4730 on Thursday, reaching $164.8270. The stock had a trading volume of 1,559,673 shares, compared to its average volume of 1,528,375. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.68 and a current ratio of 1.07. Constellation Brands Inc has a 1 year low of $159.35 and a 1 year high of $261.06. The stock has a market cap of $29.06 billion, a P/E ratio of -68.97, a price-to-earnings-growth ratio of 10.07 and a beta of 0.67. The company has a 50 day simple moving average of $168.30 and a 200 day simple moving average of $175.99.

Constellation Brands (NYSE:STZ - Get Free Report) last posted its earnings results on Tuesday, July 1st. The company reported $3.22 earnings per share for the quarter, missing analysts' consensus estimates of $3.45 by ($0.23). The firm 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 firm's revenue was down 5.5% compared to the same quarter last year. During the same period in the prior year, the company posted $3.57 EPS. Constellation Brands has set its FY 2026 guidance at 12.600-12.900 EPS. Equities research analysts expect that Constellation Brands Inc will post 13.5 EPS for the current year.

Constellation Brands Announces Dividend

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