Candriam S.C.A. Has $1.45 Million Position in Constellation Brands Inc $STZ

Candriam S.C.A. boosted its stake in shares of Constellation Brands Inc (NYSE:STZ) by 529.1% during the first quarter, HoldingsChannel.com reports. The firm owned 9,656 shares of the company’s stock after acquiring an additional 8,121 shares during the period. Candriam S.C.A.’s holdings in Constellation Brands were worth $1,448,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Capital World Investors increased its stake in shares of Constellation Brands by 8.3% in the fourth quarter. Capital World Investors now owns 7,238,575 shares of the company’s stock worth $998,740,000 after acquiring an additional 553,974 shares during the last quarter. State Street Corp grew its stake in Constellation Brands by 5.0% in the fourth quarter. State Street Corp now owns 6,911,369 shares of the company’s stock valued at $953,492,000 after purchasing an additional 329,337 shares in the last quarter. Capital International Investors grew its stake 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 in the last quarter. Wellington Management Group LLP increased its position in Constellation Brands by 14.0% in the 4th quarter. Wellington Management Group LLP now owns 6,018,653 shares of the company’s stock worth $830,333,000 after purchasing an additional 739,393 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Constellation Brands by 1.5% in the 4th 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 and hedge funds own 77.34% of the company’s stock.

Analyst Upgrades and Downgrades

STZ has been the subject of a number of recent research reports. TD Cowen reaffirmed a “buy” rating and set a $174.00 price target on shares of Constellation Brands in a research note on Wednesday, July 1st. Morgan Stanley lowered their price target on Constellation Brands from $183.00 to $158.00 and set an “equal weight” rating for the company in a research note on Thursday, July 2nd. Roth Capital restated a “buy” rating and issued a $209.00 price objective on shares of Constellation Brands in a report on Thursday, July 2nd. UBS Group cut their price objective on shares of Constellation Brands from $186.00 to $175.00 and set a “buy” rating on the stock in a research report on Wednesday, June 17th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $190.00 target price on shares of Constellation Brands in a research note on Thursday, July 2nd. Eleven research 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $167.89.

Constellation Brands Stock Down 2.1%

Shares of STZ stock opened at $131.65 on Wednesday. The stock’s 50 day simple moving average is $141.52 and its 200 day simple moving average is $149.70. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.48 and a current ratio of 0.91. Constellation Brands Inc has a twelve month low of $126.45 and a twelve month high of $178.13. The company has a market capitalization of $22.48 billion, a price-to-earnings ratio of 12.56, a PEG ratio of 4.19 and a beta of 0.39.

Constellation Brands (NYSE:STZ) last announced its earnings results on Tuesday, June 30th. The company reported $3.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.70 by ($0.27). The company had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.39 billion. Constellation Brands had a return on equity of 25.58% and a net margin of 18.87%.The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period in the previous year, the company earned $3.22 EPS. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. As a group, research analysts predict that Constellation Brands Inc will post 11.82 EPS for the current year.

Constellation Brands Dividend Announcement

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

Insider Activity

In related news, EVP James O. Bourdeau sold 4,407 shares of the company’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 completion of the sale, the executive vice president directly owned 9,109 shares of the company’s stock, valued at approximately $1,304,773.16. This represents a 32.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 12.20% of the company’s stock.

About Constellation Brands

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.