Vident Advisory LLC Acquires 1,993 Shares of Constellation Brands Inc $STZ

Key Points

• Vident Advisory LLC increased its stake in Constellation Brands Inc by 70.3%, acquiring an additional 1,993 shares during the 1st quarter, bringing its total holdings to 4,828 shares worth approximately $886,000.
• Constellation Brands reported $3.22 earnings per share for the last quarter, missing the consensus estimate by ($0.23), with a revenue decline of 5.5% year-over-year.
• The company announced a quarterly dividend of $1.02 per share, yielding 2.8%, while the payout ratio stands at a notably negative -170.71%.

Vident Advisory LLC boosted its position in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 70.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,828 shares of the company's stock after purchasing an additional 1,993 shares during the quarter. Vident Advisory LLC's holdings in Constellation Brands were worth $886,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Piscataqua Savings Bank increased its holdings in Constellation Brands by 1.7% during the 1st quarter. Piscataqua Savings Bank now owns 3,720 shares of the company's stock worth $683,000 after purchasing an additional 62 shares during the period. Strategic Financial Concepts LLC increased its holdings in Constellation Brands by 5.8% during the 1st quarter. Strategic Financial Concepts LLC now owns 1,128 shares of the company's stock worth $207,000 after purchasing an additional 62 shares during the period. World Investment Advisors increased its holdings in Constellation Brands by 1.7% during the 1st quarter. World Investment Advisors now owns 3,801 shares of the company's stock worth $698,000 after purchasing an additional 62 shares during the period. Moody National Bank Trust Division increased its holdings in Constellation Brands by 0.9% during the 1st quarter. Moody National Bank Trust Division now owns 6,991 shares of the company's stock worth $1,283,000 after purchasing an additional 64 shares during the period. Finally, Bessemer Group Inc. increased its holdings in Constellation Brands by 3.0% during the 1st quarter. Bessemer Group Inc. now owns 2,242 shares of the company's stock worth $412,000 after purchasing an additional 65 shares during the period. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP James O. Bourdeau sold 821 shares of the business's stock in a transaction 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 transaction, the executive vice president directly owned 9,438 shares in the company, valued at $1,595,022. The trade was a 8.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 12.45% of the stock is currently owned by company insiders.

Constellation Brands Stock Down 0.4%

Shares of STZ stock opened at $145.90 on Friday. Constellation Brands Inc has a 1-year low of $144.81 and a 1-year high of $261.06. The stock's fifty day moving average price is $167.43 and its 200 day moving average price is $175.39. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.07 and a quick ratio of 0.68. The company has a market cap of $25.72 billion, a price-to-earnings ratio of -61.05, a price-to-earnings-growth ratio of 0.44 and a beta of 0.67.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its earnings results 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). 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 analysts' expectations of $2.57 billion. During the same quarter last year, the firm earned $3.57 earnings per share. The firm'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. 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 firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Wednesday, July 30th were paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.8%. The ex-dividend date was Wednesday, July 30th. Constellation Brands's payout ratio is -170.71%.

Analyst Upgrades and Downgrades

Several research firms have commented on STZ. Roth Capital restated a "buy" rating and set a $209.00 price objective (down from $239.00) on shares of Constellation Brands in a report on Wednesday. Bank of America cut their price target on Constellation Brands from $150.00 to $142.00 and set an "underperform" rating on the stock in a report on Wednesday. Raymond James Financial upgraded Constellation Brands to a "strong-buy" rating in a report on Monday, July 7th. Morgan Stanley cut their price target on Constellation Brands from $195.00 to $176.00 and set an "equal weight" rating on the stock in a report on Wednesday. Finally, UBS Group lifted their price target on Constellation Brands from $195.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. One 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 issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $194.36.

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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