Financiere des Professionnels Fonds d investissement inc. Makes New Investment in Constellation Brands Inc $STZ

Financiere des Professionnels Fonds d investissement inc. purchased a new stake in Constellation Brands Inc (NYSE:STZ) during the 1st quarter, HoldingsChannel.com reports. The fund purchased 9,120 shares of the company’s stock, valued at approximately $1,368,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nordea Investment Management AB boosted its stake in Constellation Brands by 6.1% during the fourth quarter. Nordea Investment Management AB now owns 867,776 shares of the company’s stock worth $120,300,000 after acquiring an additional 49,625 shares in the last quarter. Hudson Edge Investment Partners Inc. increased its stake in Constellation Brands by 36.1% in the fourth quarter. Hudson Edge Investment Partners Inc. now owns 48,062 shares of the company’s stock valued at $6,631,000 after purchasing an additional 12,746 shares in the last quarter. Swiss Life Asset Management Ltd increased its stake in Constellation Brands by 99.1% in the fourth quarter. Swiss Life Asset Management Ltd now owns 38,489 shares of the company’s stock valued at $5,310,000 after purchasing an additional 19,161 shares in the last quarter. AIA Group Ltd acquired a new position in shares of Constellation Brands during the third quarter valued at about $925,000. Finally, OLD Republic International Corp raised its holdings in shares of Constellation Brands by 76.7% during the fourth quarter. OLD Republic International Corp now owns 193,500 shares of the company’s stock valued at $26,695,000 after purchasing an additional 84,000 shares during the period. 77.34% of the stock is currently owned by institutional investors.

Constellation Brands Stock Down 1.9%

STZ stock opened at $133.16 on Friday. Constellation Brands Inc has a twelve month low of $126.45 and a twelve month high of $178.13. The company has a quick ratio of 0.48, a current ratio of 0.91 and a debt-to-equity ratio of 1.06. The stock’s 50 day moving average is $140.50 and its 200-day moving average is $149.50. The firm has a market capitalization of $22.74 billion, a PE ratio of 12.71, a P/E/G ratio of 4.23 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 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 company had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.39 billion. During the same period in the previous year, the firm earned $3.22 EPS. The firm’s quarterly revenue was down 3.3% on a year-over-year basis. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. Sell-side analysts expect that Constellation Brands Inc will post 11.82 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th will be paid a dividend of $1.03 per share. The ex-dividend date is Thursday, July 30th. This represents a $4.12 annualized dividend and a yield of 3.1%. Constellation Brands’s dividend payout ratio (DPR) is 39.31%.

Insider Transactions at Constellation Brands

In other Constellation Brands news, EVP James O. Bourdeau sold 4,407 shares of Constellation Brands 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 transaction, the executive vice president directly owned 9,109 shares of the company’s stock, valued at $1,304,773.16. The trade was a 32.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 12.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on STZ shares. Freedom Capital cut shares of Constellation Brands from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Barclays decreased their target price on Constellation Brands from $170.00 to $139.00 and set an “equal weight” rating for the company in a research report on Thursday, July 2nd. Evercore set a $175.00 price target on Constellation Brands and gave the stock an “outperform” rating in a report on Friday, April 10th. JPMorgan Chase & Co. reduced 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. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Constellation Brands in a report on Monday, May 4th. Eleven equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus 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.