Venator Management LLC Makes New $5.41 Million Investment in Constellation Brands Inc $STZ

Key Points

• Venator Management LLC has made a new investment of approximately $5.41 million in Constellation Brands, acquiring 29,453 shares, which represents around 1.6% of its total holdings.
• Several brokerages have recently upgraded their ratings and target prices for Constellation Brands, with UBS increasing its target to $205.00 and Truist Financial raising theirs to $215.00.
• Constellation Brands reported $3.22 earnings per share for the last quarter, missing expectations, and has announced a quarterly dividend of $1.02 per share, resulting in a yield of 2.5%.

Venator Management LLC purchased a new position in shares of Constellation Brands Inc (NYSE:STZ - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 29,453 shares of the company's stock, valued at approximately $5,405,000. Constellation Brands makes up approximately 1.6% of Venator Management LLC's holdings, making the stock its 15th largest holding.

A number of other institutional investors have also recently bought and sold shares of STZ. Minot DeBlois Advisors LLC acquired a new stake in Constellation Brands during the fourth quarter worth $29,000. Optiver Holding B.V. acquired a new stake in shares of Constellation Brands in the 4th quarter valued at $31,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Constellation Brands in the 1st quarter valued at $32,000. Rakuten Securities Inc. boosted its stake in shares of Constellation Brands by 805.0% in the 1st quarter. Rakuten Securities Inc. now owns 181 shares of the company's stock valued at $33,000 after purchasing an additional 161 shares in the last quarter. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of Constellation Brands in the 1st quarter valued at $38,000. Institutional investors and hedge funds own 77.34% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on STZ. JPMorgan Chase & Co. boosted their target price on shares of Constellation Brands from $170.00 to $182.00 and gave the company a "neutral" rating in a research note on Thursday, July 3rd. Wall Street Zen upgraded shares of Constellation Brands from a "sell" rating to a "hold" rating in a research note on Tuesday, May 20th. UBS Group boosted their target price on shares of Constellation Brands from $195.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. Truist Financial upgraded shares of Constellation Brands from a "hold" rating to a "buy" rating and upped their price target for the stock from $190.00 to $215.00 in a research report on Wednesday, May 7th. Finally, The Goldman Sachs Group set a $225.00 price target on shares of Constellation Brands and gave the stock a "buy" rating in a research report on Friday, June 27th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $213.74.

Insiders Place Their Bets

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 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 can be accessed through the SEC website. Corporate insiders own 12.45% of the company's stock.

Constellation Brands Stock Up 0.2%

Shares of NYSE STZ opened at $166.1850 on Thursday. The firm's 50-day simple moving average is $168.40 and its 200 day simple moving average is $176.05. The company has a market cap of $29.30 billion, a price-to-earnings ratio of -69.53, a price-to-earnings-growth ratio of 10.04 and a beta of 0.67. 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 Inc has a 12-month low of $159.35 and a 12-month high of $261.06.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its quarterly earnings data on Tuesday, July 1st. The company reported $3.22 earnings per share for the quarter, missing the consensus estimate of $3.45 by ($0.23). The firm 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% compared to the same quarter last year. 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. On average, research analysts expect that Constellation Brands Inc will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The company 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 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, July 30th. Constellation Brands's payout ratio is currently -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.

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