Western Wealth Management LLC bought a new stake in Constellation Brands Inc (NYSE:STZ – Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,519 shares of the company’s stock, valued at approximately $1,128,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital World Investors boosted its holdings in shares of Constellation Brands by 8.3% during the 4th quarter. Capital World Investors now owns 7,238,575 shares of the company’s stock valued at $998,740,000 after acquiring an additional 553,974 shares in the last quarter. State Street Corp increased its holdings in Constellation Brands by 5.0% in the 4th quarter. State Street Corp now owns 6,911,369 shares of the company’s stock worth $953,492,000 after purchasing an additional 329,337 shares in the last quarter. Capital International Investors raised its position in Constellation Brands by 48.5% in the fourth quarter. Capital International Investors now owns 6,442,600 shares of the company’s stock valued at $888,930,000 after purchasing an additional 2,105,546 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Constellation Brands by 14.0% during the fourth quarter. Wellington Management Group LLP now owns 6,018,653 shares of the company’s stock valued at $830,333,000 after purchasing an additional 739,393 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Constellation Brands by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 3,739,549 shares of the company’s stock worth $513,871,000 after purchasing an additional 54,184 shares during the last quarter. Institutional investors own 77.34% of the company’s stock.
Insiders Place Their Bets
In other news, EVP James O. Bourdeau sold 4,407 shares of Constellation Brands stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $143.24, for a total value of $631,258.68. Following the completion of the transaction, the executive vice president directly owned 9,109 shares of the company’s stock, valued at approximately $1,304,773.16. This trade represents a 32.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 12.20% of the company’s stock.
Constellation Brands Stock Up 0.1%
Constellation Brands (NYSE:STZ – Get Free Report) last posted its quarterly earnings data on Tuesday, June 30th. The company reported $3.43 EPS for the quarter, missing analysts’ consensus estimates of $3.70 by ($0.27). Constellation Brands had a net margin of 18.87% and a return on equity of 25.58%. The firm had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same period in the prior year, the company posted $3.22 earnings per share. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. Equities analysts predict that Constellation Brands Inc will post 11.84 EPS for the current year.
Constellation Brands Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Thursday, July 30th. Constellation Brands’s dividend payout ratio (DPR) is presently 39.31%.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. lowered their price objective on Constellation Brands from $169.00 to $165.00 and set a “neutral” rating for the company in a research note on Thursday, July 2nd. Barclays reduced their target price on shares of Constellation Brands from $139.00 to $132.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 21st. Needham & Company LLC restated a “buy” rating and issued a $185.00 price target on shares of Constellation Brands in a research report on Thursday, July 2nd. Piper Sandler reaffirmed a “neutral” rating and set a $160.00 price target on shares of Constellation Brands in a research note on Wednesday, July 1st. Finally, Bank of America dropped their price target on shares of Constellation Brands from $152.00 to $145.00 and set an “underperform” rating for the company in a research note on Thursday, July 2nd. Eleven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Constellation Brands presently has a consensus rating of “Hold” and a consensus price target of $167.53.
Get Our Latest Stock Analysis on Constellation Brands
Constellation Brands Company Profile
Constellation Brands, Inc is a leading producer and marketer of beer, wine and spirits, with operations spanning production, importation, marketing and distribution. The company’s beverage portfolio includes a range of premium and mainstream wines and spirits alongside major imported beer brands; in the U.S. market Constellation is widely known for its role in bringing Mexican imports such as Corona and Modelo to American consumers. Constellation supplies retail, on‑premise and foodservice channels and supports its brands with national sales and marketing platforms and supply‑chain capabilities.
The company traces its roots to the Canandaigua Wine Company, founded by Marvin Sands in 1945, and evolved through organic growth and acquisition into a diversified beverage company.
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