Fjarde AP Fonden Fourth Swedish National Pension Fund Raises Position in Constellation Brands Inc $STZ

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Constellation Brands Inc (NYSE:STZ) by 63.5% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 30,649 shares of the company’s stock after acquiring an additional 11,900 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Constellation Brands were worth $4,597,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of Constellation Brands by 23.0% in the fourth quarter. Brighton Jones LLC now owns 1,001 shares of the company’s stock worth $221,000 after acquiring an additional 187 shares during the last quarter. Woodline Partners LP acquired a new position in Constellation Brands in the 1st quarter valued at $2,409,000. Cary Street Partners Financial LLC lifted its holdings in Constellation Brands by 69.9% in the 2nd quarter. Cary Street Partners Financial LLC now owns 1,026 shares of the company’s stock valued at $167,000 after purchasing an additional 422 shares in the last quarter. Bank of Nova Scotia lifted its holdings in Constellation Brands by 3.6% in the 2nd quarter. Bank of Nova Scotia now owns 17,347 shares of the company’s stock valued at $2,822,000 after purchasing an additional 599 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in Constellation Brands by 5.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 23,732 shares of the company’s stock worth $3,861,000 after purchasing an additional 1,127 shares during the last quarter. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Constellation Brands news, EVP James O. Bourdeau sold 4,407 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $143.24, for a total value of $631,258.68. Following the sale, the executive vice president owned 9,109 shares of the company’s stock, valued at $1,304,773.16. The trade was a 32.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 12.20% of the company’s stock.

Constellation Brands Price Performance

Constellation Brands stock opened at $130.57 on Tuesday. Constellation Brands Inc has a 12-month low of $126.45 and a 12-month high of $178.13. The stock has a market cap of $22.48 billion, a P/E ratio of 12.46, a PEG ratio of 4.07 and a beta of 0.39. The company has a 50-day moving average price of $144.68 and a 200 day moving average price of $150.05. The company has a current ratio of 0.91, a quick ratio of 0.48 and a debt-to-equity ratio of 1.06.

Constellation Brands (NYSE:STZ) last posted its earnings results on Tuesday, June 30th. The company reported $3.43 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $2.39 billion. During the same quarter in the previous year, the firm earned $3.22 earnings per share. The business’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. Sell-side analysts anticipate that Constellation Brands Inc will post 11.72 earnings per share for the current year.

Constellation Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Thursday, July 30th will be given 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 dividend yield of 3.2%. Constellation Brands’s dividend payout ratio (DPR) is presently 39.31%.

Wall Street Analyst Weigh In

STZ has been the subject of a number of research reports. Bank of America dropped their target price on shares of Constellation Brands from $152.00 to $145.00 and set an “underperform” rating for the company in a report on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Constellation Brands from $155.00 to $150.00 and set a “hold” rating for the company in a research note on Thursday, July 2nd. Wells Fargo & Company decreased their target price on shares of Constellation Brands from $185.00 to $170.00 and set an “overweight” rating on the stock in a research note on Monday, June 29th. Citigroup restated a “buy” rating on shares of Constellation Brands in a report on Monday, May 18th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $185.00 price target on shares of Constellation Brands in a research report on Thursday, July 2nd. Eleven research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $167.89.

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.