UniSuper Management Pty Ltd Acquires 1,716 Shares of Constellation Brands Inc $STZ

Key Points

• UniSuper Management Pty Ltd has increased its stake in Constellation Brands Inc by 12.2%, owning a total of 15,745 shares valued at approximately $2.89 million.
• Several hedge funds have also raised their holdings in Constellation Brands, with Vanguard Group Inc. increasing its stake by 18.6% to a total of over 18 million shares, valued at about $3.38 billion.
• Constellation Brands recently reported a quarterly EPS of $3.22, missing analysts' estimates, with a revenue of $2.52 billion, reflecting a 5.5% year-over-year decline.

UniSuper Management Pty Ltd boosted its stake in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 12.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,745 shares of the company's stock after buying an additional 1,716 shares during the quarter. UniSuper Management Pty Ltd's holdings in Constellation Brands were worth $2,890,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Minot DeBlois Advisors LLC acquired a new position in Constellation Brands during the 4th quarter worth about $29,000. Laurel Wealth Advisors LLC acquired a new position in Constellation Brands during the 1st quarter worth about $32,000. Rakuten Securities Inc. lifted its holdings in Constellation Brands by 805.0% during the 1st quarter. Rakuten Securities Inc. now owns 181 shares of the company's stock worth $33,000 after buying an additional 161 shares during the period. Zions Bancorporation National Association UT acquired a new position in Constellation Brands during the 1st quarter worth about $38,000. Finally, WPG Advisers LLC acquired a new position in Constellation Brands during the 1st quarter worth about $43,000. 77.34% of the stock is owned by institutional investors and hedge funds.

Constellation Brands Stock Down 1.8%

STZ stock traded down $2.49 during trading on Monday, reaching $137.00. 684,010 shares of the stock were exchanged, compared to its average volume of 2,430,237. The firm's 50 day moving average is $164.56 and its 200 day moving average is $174.11. Constellation Brands Inc has a twelve month low of $137.50 and a twelve month high of $261.06. The company has a current ratio of 1.07, a quick ratio of 0.68 and a debt-to-equity ratio of 1.30. The firm has a market cap of $24.15 billion, a P/E ratio of -57.39, a price-to-earnings-growth ratio of 0.42 and a beta of 1.75.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its quarterly earnings data on Tuesday, July 1st. The company reported $3.22 EPS for the quarter, missing analysts' consensus estimates of $3.45 by ($0.23). The company had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.57 billion. Constellation Brands had a positive return on equity of 31.41% and a negative net margin of 4.11%.The business's revenue for the quarter was down 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $3.57 earnings per share. Constellation Brands has set its FY 2026 guidance at 12.600-12.900 EPS. As a group, research analysts forecast that Constellation Brands Inc will post 13.5 EPS for the current year.

Constellation Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Wednesday, July 30th were issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Wednesday, July 30th. Constellation Brands's payout ratio is currently -170.71%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Bank of America cut their target price on Constellation Brands from $150.00 to $142.00 and set an "underperform" rating on the stock in a report on Wednesday, September 3rd. Morgan Stanley dropped their price objective on Constellation Brands from $195.00 to $176.00 and set an "equal weight" rating on the stock in a research note on Wednesday, September 3rd. Sanford C. Bernstein dropped their price objective on Constellation Brands from $225.00 to $195.00 and set an "outperform" rating on the stock in a research note on Thursday, September 4th. The Goldman Sachs Group dropped their price objective on Constellation Brands from $225.00 to $196.00 and set a "buy" rating on the stock in a research note on Tuesday, September 2nd. Finally, BMO Capital Markets dropped their price objective on Constellation Brands from $215.00 to $190.00 and set an "outperform" rating on the stock in a research note on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $192.28.

Insider Buying and Selling

In other Constellation Brands news, EVP James O. Bourdeau sold 821 shares of the business's 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 completion of the sale, the executive vice president directly owned 9,438 shares of the company's stock, valued at approximately $1,595,022. The trade was a 8.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 12.45% of the company's stock.

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.