Constellation Brands Inc $STZ Holdings Raised by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP significantly increased its stake in Constellation Brands, growing its position by 127.9% in the first quarter, now holding approximately 4.48 million shares.
• Several hedge funds, including Cresset Asset Management LLC, also boosted their holdings in Constellation Brands, reflecting growing institutional interest in the company.
• Constellation Brands' recent earnings report showed an EPS miss with $3.22 reported versus an expected $3.45, alongside a 5.5% decline in year-over-year revenue.

Wellington Management Group LLP lifted its holdings in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 127.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,480,788 shares of the company's stock after acquiring an additional 2,514,517 shares during the period. Wellington Management Group LLP owned 2.52% of Constellation Brands worth $822,314,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Minot DeBlois Advisors LLC purchased a new stake in Constellation Brands during the fourth quarter worth approximately $29,000. Optiver Holding B.V. acquired a new position in Constellation Brands during the fourth quarter worth $31,000. Laurel Wealth Advisors LLC acquired a new position in Constellation Brands during the first quarter worth $32,000. Rakuten Securities Inc. boosted its position in Constellation Brands by 805.0% during the first quarter. Rakuten Securities Inc. now owns 181 shares of the company's stock worth $33,000 after purchasing an additional 161 shares in the last quarter. Finally, Fourth Dimension Wealth LLC purchased a new stake in Constellation Brands during the fourth quarter worth $44,000. Hedge funds and other institutional investors own 77.34% of the company's stock.

Constellation Brands Stock Performance

STZ stock traded down $1.4730 during trading on Thursday, reaching $164.8270. 1,559,673 shares of the company's stock were exchanged, compared to its average volume of 1,528,375. 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 1-year low of $159.35 and a 1-year high of $261.06. The company's fifty day moving average price is $168.30 and its 200-day moving average price is $175.99. The firm has a market cap of $29.06 billion, a PE ratio of -68.97, a P/E/G ratio of 10.07 and a beta of 0.67.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its quarterly earnings results on Tuesday, July 1st. The company reported $3.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 analyst estimates of $2.57 billion. During the same quarter last year, the firm posted $3.57 EPS. The company's 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 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Wednesday, July 30th were issued a $1.02 dividend. The ex-dividend date was Wednesday, July 30th. This represents a $4.08 annualized dividend and a dividend yield of 2.5%. Constellation Brands's dividend payout ratio is -170.71%.

Analysts Set New Price Targets

Several analysts have recently issued reports on STZ shares. Jefferies Financial Group upgraded Constellation Brands from a "hold" rating to a "buy" rating and upped their price objective for the company from $194.00 to $205.00 in a research report on Monday, July 7th. The Goldman Sachs Group set a $225.00 target price on Constellation Brands and gave the company a "buy" rating in a research note on Friday, June 27th. Wells Fargo & Company lowered their target price on Constellation Brands from $210.00 to $196.00 and set an "overweight" rating for the company in a research note on Wednesday, June 25th. JPMorgan Chase & Co. raised their price objective on Constellation Brands from $170.00 to $182.00 and gave the company a "neutral" rating in a research note on Thursday, July 3rd. Finally, Truist Financial upgraded Constellation Brands from a "hold" rating to a "buy" rating and raised their price objective for the stock from $190.00 to $215.00 in a research note on Wednesday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $213.74.

Insider Buying and Selling at Constellation Brands

In other news, EVP James O. Bourdeau sold 821 shares of the company's stock in a transaction on Monday, July 21st. The stock was 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 in the company, valued at $1,595,022. This represents a 8.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 12.45% of the stock is currently owned by company insiders.

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.