UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Increases Stake in Constellation Brands Inc $STZ

Key Points

• UBS Asset Management Americas LLC increased its stake in Constellation Brands Inc by 3.6%, acquiring an additional 36,433 shares, bringing its total ownership to 1,037,205 shares valued at approximately $190 million.
• Constellation Brands recently reported quarterly earnings of $3.22 EPS, which missed analysts' expectations by $0.23, and had a year-over-year revenue decline of 5.5%.
• The company also announced a quarterly dividend of $1.02 per share, representing an annualized yield of 2.9%, despite a payout ratio of -170.71%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Constellation Brands Inc (NYSE:STZ - Free Report) by 3.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,037,205 shares of the company's stock after purchasing an additional 36,433 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.58% of Constellation Brands worth $190,348,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC increased its holdings in 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 buying an additional 187 shares during the last quarter. Bank Pictet & Cie Europe AG increased its holdings in Constellation Brands by 39.7% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 6,096 shares of the company's stock worth $1,347,000 after buying an additional 1,733 shares during the last quarter. Graham Capital Management L.P. purchased a new stake in Constellation Brands during the fourth quarter worth about $655,000. Jefferies Financial Group Inc. purchased a new stake in Constellation Brands during the fourth quarter worth about $944,000. Finally, OMERS ADMINISTRATION Corp increased its holdings in Constellation Brands by 20.6% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 6,879 shares of the company's stock worth $1,520,000 after buying an additional 1,173 shares during the last quarter. Hedge funds and other institutional investors own 77.34% of the company's stock.

Insider Activity

In other news, EVP James O. Bourdeau sold 821 shares of the company's stock in a transaction 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 completion of the sale, the executive vice president owned 9,438 shares of the company's stock, valued at approximately $1,595,022. This represents a 8.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 12.45% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on STZ shares. Barclays restated an "equal weight" rating and set a $150.00 price objective (down previously from $202.00) on shares of Constellation Brands in a report on Friday. BNP Paribas downgraded shares of Constellation Brands from a "hold" rating to a "strong sell" rating in a report on Wednesday, September 3rd. BNP Paribas Exane downgraded shares of Constellation Brands from a "neutral" rating to an "underperform" rating and set a $123.00 price objective for the company. in a report on Wednesday, September 3rd. BMO Capital Markets decreased their price objective on shares of Constellation Brands from $215.00 to $190.00 and set an "outperform" rating for the company in a report on Thursday, September 4th. Finally, Wall Street Zen upgraded shares of Constellation Brands from a "sell" rating to a "hold" rating in a research report on Tuesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Constellation Brands has an average rating of "Hold" and an average price target of $192.28.

Constellation Brands Price Performance

Constellation Brands stock traded down $3.46 during mid-day trading on Friday, hitting $139.52. 2,445,127 shares of the company traded hands, compared to its average volume of 2,625,656. Constellation Brands Inc has a one year low of $139.45 and a one year high of $261.06. The stock has a market cap of $24.60 billion, a price-to-earnings ratio of -58.38, a price-to-earnings-growth ratio of 0.42 and a beta of 1.75. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.68 and a current ratio of 1.07. The stock has a fifty day moving average price of $164.56 and a 200-day moving average price of $174.11.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its earnings results 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). 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 the consensus estimate of $2.57 billion. During the same quarter in the previous year, the firm earned $3.57 earnings per share. The company's revenue for the quarter 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. On average, equities analysts predict that Constellation Brands Inc will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Wednesday, July 30th were paid a $1.02 dividend. The ex-dividend date of this dividend was Wednesday, July 30th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.9%. Constellation Brands's dividend payout ratio is -170.71%.

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.