Signature Estate & Investment Advisors LLC Buys 24,538 Shares of Constellation Brands Inc $STZ

Key Points

• Signature Estate & Investment Advisors LLC significantly increased its stake in Constellation Brands, acquiring an additional 24,538 shares, bringing their total to 33,284 shares valued at approximately $6.1 million.
• Constellation Brands reported a miss in earnings for the last quarter, with $3.22 earnings per share, which fell short of the $3.45 expected by analysts.
• The company recently announced a quarterly dividend of $1.02 per share, yielding 2.7% based on its current stock price.

Signature Estate & Investment Advisors LLC lifted its position in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 280.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,284 shares of the company's stock after buying an additional 24,538 shares during the period. Signature Estate & Investment Advisors LLC's holdings in Constellation Brands were worth $6,108,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its position in Constellation Brands by 18.6% during the first quarter. Vanguard Group Inc. now owns 18,417,604 shares of the company's stock worth $3,379,999,000 after buying an additional 2,882,817 shares during the last quarter. Wellington Management Group LLP raised its holdings in Constellation Brands by 127.9% in the 1st 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. GAMMA Investing LLC raised its holdings in Constellation Brands by 7,602.6% in the 1st quarter. GAMMA Investing LLC now owns 396,220 shares of the company's stock valued at $72,714,000 after acquiring an additional 391,076 shares in the last quarter. Nuveen LLC bought a new position in Constellation Brands in the first quarter valued at approximately $63,377,000. Finally, DAVENPORT & Co LLC raised its stake in Constellation Brands by 1,594.0% during the first quarter. DAVENPORT & Co LLC now owns 207,655 shares of the company's stock worth $38,132,000 after acquiring an additional 195,397 shares in the last quarter. Institutional investors own 77.34% of the company's stock.

Constellation Brands Trading Up 1.7%

Shares of Constellation Brands stock opened at $148.38 on Monday. Constellation Brands Inc has a 52-week low of $144.81 and a 52-week high of $261.06. The stock's 50-day simple moving average is $167.18 and its 200 day simple moving average is $175.28. The stock has a market capitalization of $26.16 billion, a P/E ratio of -62.08, a P/E/G ratio of 0.45 and a beta of 0.67. 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 (NYSE:STZ - Get Free Report) last released 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). Constellation Brands had a positive return on equity of 31.41% and a negative net margin of 4.11%.The firm had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the previous year, the firm earned $3.57 EPS. The business's quarterly revenue was down 5.5% compared to the same quarter last year. Constellation Brands has set its FY 2026 guidance at 12.600-12.900 EPS. As a group, research analysts anticipate that Constellation Brands Inc will post 13.5 EPS for the current year.

Constellation Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Wednesday, July 30th were paid a dividend of $1.02 per share. The ex-dividend date was Wednesday, July 30th. This represents a $4.08 dividend on an annualized basis and a yield of 2.7%. Constellation Brands's dividend payout ratio (DPR) is presently -170.71%.

Insider Activity at Constellation Brands

In other Constellation Brands news, EVP James O. Bourdeau sold 821 shares of the company's 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 owned 9,438 shares of the company's stock, valued at $1,595,022. This represents a 8.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 12.45% of the company's stock.

Wall Street Analyst Weigh In

STZ has been the topic of several analyst reports. Piper Sandler upped their target price on Constellation Brands from $165.00 to $170.00 and gave the company a "neutral" rating in a report on Friday, June 6th. Roth Capital reiterated a "buy" rating and issued a $209.00 target price (down from $239.00) on shares of Constellation Brands in a report on Wednesday. UBS Group increased their target price on Constellation Brands from $195.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. Morgan Stanley lowered their price objective on shares of Constellation Brands from $195.00 to $176.00 and set an "equal weight" rating on the stock in a report on Wednesday, September 3rd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Constellation Brands from $170.00 to $182.00 and gave the stock a "neutral" rating in a report on Thursday, July 3rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $194.36.

Constellation Brands 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.

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