Swedbank AB Boosts Stake in Constellation Brands Inc $STZ

Swedbank AB lifted its stake in shares of Constellation Brands Inc (NYSE:STZ) by 29.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,709 shares of the company’s stock after buying an additional 18,654 shares during the period. Swedbank AB’s holdings in Constellation Brands were worth $12,256,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its stake in Constellation Brands by 23.0% during the 4th quarter. Brighton Jones LLC now owns 1,001 shares of the company’s stock valued at $221,000 after purchasing an additional 187 shares during the last quarter. Woodline Partners LP purchased a new position in shares of Constellation Brands in the first quarter worth about $2,409,000. Cary Street Partners Financial LLC lifted its holdings in shares of Constellation Brands by 69.9% during the second quarter. Cary Street Partners Financial LLC now owns 1,026 shares of the company’s stock worth $167,000 after purchasing an additional 422 shares during the period. Bank of Nova Scotia lifted its holdings in shares of Constellation Brands by 3.6% during the second quarter. Bank of Nova Scotia now owns 17,347 shares of the company’s stock worth $2,822,000 after purchasing an additional 599 shares during the period. Finally, Daiwa Securities Group Inc. boosted its position in Constellation Brands by 5.0% in the second quarter. Daiwa Securities Group Inc. now owns 23,732 shares of the company’s stock valued at $3,861,000 after buying an additional 1,127 shares during the last quarter. 77.34% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP James O. Bourdeau sold 4,407 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $143.24, for a total transaction of $631,258.68. Following the sale, the executive vice president owned 9,109 shares in the company, valued at approximately $1,304,773.16. This trade represents a 32.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 12.20% of the company’s stock.

Constellation Brands Stock Performance

STZ stock traded up $1.43 during trading on Friday, hitting $133.87. 2,133,042 shares of the company traded hands, compared to its average volume of 2,446,262. Constellation Brands Inc has a 1 year low of $126.45 and a 1 year high of $178.13. The company has a market cap of $23.05 billion, a PE ratio of 12.77, a P/E/G ratio of 4.13 and a beta of 0.39. The stock’s 50-day simple moving average is $142.33 and its 200 day simple moving average is $149.73. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.91 and a quick ratio of 0.48.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Tuesday, June 30th. The company reported $3.43 EPS for the quarter, missing the consensus estimate of $3.70 by ($0.27). The company had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.39 billion. Constellation Brands had a return on equity of 25.58% and a net margin of 18.87%.The company’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.22 EPS. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. On average, equities analysts expect that Constellation Brands Inc will post 11.82 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Thursday, July 30th will be issued a dividend of $1.03 per share. The ex-dividend date of this dividend is Thursday, July 30th. This represents a $4.12 dividend on an annualized basis and a yield of 3.1%. Constellation Brands’s dividend payout ratio is 39.31%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. BMO Capital Markets reiterated an “outperform” rating and issued a $190.00 price target on shares of Constellation Brands in a report on Thursday, July 2nd. TD Cowen reaffirmed a “buy” rating and issued a $174.00 price objective on shares of Constellation Brands in a report on Wednesday, July 1st. Sanford C. Bernstein reiterated an “outperform” rating on shares of Constellation Brands in a research note on Wednesday, July 1st. Weiss Ratings restated a “hold (c-)” rating on shares of Constellation Brands in a research report on Monday, May 4th. Finally, Roth Capital reaffirmed a “buy” rating and issued a $209.00 price target on shares of Constellation Brands in a report on Thursday, July 2nd. Eleven analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $167.89.

Constellation Brands 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.