United Services Automobile Association Takes $722,000 Position in Constellation Brands Inc $STZ

Key Points

• United Services Automobile Association made a new investment in Constellation Brands by acquiring 3,931 shares valued at approximately $722,000 during the first quarter.
• According to recent reports, several analysts have adjusted their price targets for Constellation Brands, with BMO Capital Markets reducing it from $215.00 to $190.00, while Bank of America set a new target at $142.00.
• Constellation Brands also announced a quarterly dividend of $1.02 per share, representing a 2.8% dividend yield amid a challenging market outlook, as the stock has seen a decline of 5.5% year-over-year.

United Services Automobile Association bought a new position in shares of Constellation Brands Inc (NYSE:STZ - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,931 shares of the company's stock, valued at approximately $722,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Harbor Capital Advisors Inc. grew its holdings in shares of Constellation Brands by 36.4% in the 1st quarter. Harbor Capital Advisors Inc. now owns 3,051 shares of the company's stock valued at $560,000 after buying an additional 815 shares during the period. Golden State Wealth Management LLC grew its holdings in shares of Constellation Brands by 137.0% in the 1st quarter. Golden State Wealth Management LLC now owns 2,204 shares of the company's stock valued at $405,000 after buying an additional 1,274 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in shares of Constellation Brands by 28.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 7,360 shares of the company's stock valued at $1,351,000 after buying an additional 1,651 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Constellation Brands by 7.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 17,206 shares of the company's stock valued at $3,180,000 after buying an additional 1,185 shares during the period. Finally, Bessemer Group Inc. grew its holdings in shares of Constellation Brands by 3.0% in the 1st quarter. Bessemer Group Inc. now owns 2,242 shares of the company's stock valued at $412,000 after buying an additional 65 shares during the period. Institutional investors and hedge funds own 77.34% of the company's stock.

Constellation Brands Stock Down 2.4%

STZ traded down $3.46 during trading on Friday, hitting $139.52. The company had a trading volume of 2,445,127 shares, compared to its average volume of 2,625,656. The company has a market capitalization of $24.60 billion, a PE ratio of -58.38, a PEG ratio of 0.42 and a beta of 1.75. Constellation Brands Inc has a one year low of $139.45 and a one year high of $261.06. The firm's 50-day moving average price is $164.56 and its 200 day moving average price is $174.11. The company has a quick ratio of 0.68, a current ratio of 1.07 and a debt-to-equity ratio of 1.30.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its quarterly earnings results on Tuesday, July 1st. The company reported $3.22 EPS for the quarter, missing the consensus estimate 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 business had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same period last year, the firm earned $3.57 earnings per share. The company'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, equities analysts expect that Constellation Brands Inc will post 13.5 earnings per share for the current year.

Constellation Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Wednesday, July 30th were given 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 2.9%. Constellation Brands's payout ratio is -170.71%.

Insider Buying and Selling

In other Constellation Brands news, EVP James O. Bourdeau sold 821 shares of the business's stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $169.00, for a total transaction of $138,749.00. Following the sale, the executive vice president directly owned 9,438 shares of the company's stock, valued at $1,595,022. The trade was a 8.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 12.45% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on STZ. The Goldman Sachs Group decreased their price target on shares of Constellation Brands from $225.00 to $196.00 and set a "buy" rating for the company in a report on Tuesday, September 2nd. Roth Capital reissued a "buy" rating and issued a $209.00 price target (down previously from $239.00) on shares of Constellation Brands in a report on Wednesday, September 3rd. BNP Paribas Exane lowered shares of Constellation Brands from a "neutral" rating to an "underperform" rating and set a $123.00 price target for the company. in a report on Wednesday, September 3rd. BNP Paribas lowered shares of Constellation Brands from a "hold" rating to a "strong sell" rating in a report on Wednesday, September 3rd. Finally, Morgan Stanley cut 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 research report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat, Constellation Brands has a consensus rating of "Hold" and an average target price of $192.28.

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.