Constellation Brands Inc $STZ Stock Holdings Raised by Empyrean Capital Partners LP

Empyrean Capital Partners LP increased its holdings in shares of Constellation Brands Inc (NYSE:STZ) by 3.3% in the first quarter, Holdings Channel.com reports. The fund owned 606,200 shares of the company’s stock after buying an additional 19,500 shares during the quarter. Constellation Brands comprises about 3.0% of Empyrean Capital Partners LP’s portfolio, making the stock its 6th largest holding. Empyrean Capital Partners LP’s holdings in Constellation Brands were worth $90,930,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Maverick Capital Ltd. bought a new stake in shares of Constellation Brands during the first quarter worth $356,000. Quantinno Capital Management LP boosted its stake in shares of Constellation Brands by 16.1% during the first quarter. Quantinno Capital Management LP now owns 45,695 shares of the company’s stock valued at $6,854,000 after purchasing an additional 6,333 shares during the period. Lazard Asset Management LLC bought a new position in shares of Constellation Brands in the first quarter worth about $518,000. OMERS ADMINISTRATION Corp grew its holdings in shares of Constellation Brands by 27.9% in the first quarter. OMERS ADMINISTRATION Corp now owns 7,539 shares of the company’s stock worth $1,131,000 after purchasing an additional 1,646 shares during the last quarter. Finally, Entropy Technologies LP increased its stake in Constellation Brands by 43.0% in the 1st quarter. Entropy Technologies LP now owns 15,661 shares of the company’s stock worth $2,349,000 after buying an additional 4,709 shares during the period. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Constellation Brands Stock Down 0.2%

Shares of NYSE STZ opened at $129.94 on Tuesday. Constellation Brands Inc has a 12-month low of $126.45 and a 12-month high of $176.32. The stock’s fifty day simple moving average is $139.10 and its two-hundred day simple moving average is $149.17. The stock has a market capitalization of $22.19 billion, a PE ratio of 12.40, a price-to-earnings-growth ratio of 4.05 and a beta of 0.39. 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 released its quarterly earnings results 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 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 company’s revenue was down 3.3% on a year-over-year basis. During the same period in the previous year, the firm posted $3.22 earnings per share. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. As a group, analysts expect that Constellation Brands Inc will post 11.84 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th will be paid a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 3.2%. The ex-dividend date is Thursday, July 30th. Constellation Brands’s payout ratio is 39.31%.

Insider Buying and Selling

In other Constellation Brands news, EVP James O. Bourdeau sold 4,407 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were 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 in the company, valued at approximately $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 SEC, which can be accessed through the SEC website. Corporate insiders own 12.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Morgan Stanley decreased their price objective on shares of Constellation Brands from $183.00 to $158.00 and set an “equal weight” rating for the company in a report on Thursday, July 2nd. Royal Bank Of Canada restated an “outperform” rating and issued a $185.00 target price on shares of Constellation Brands 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 research report on Tuesday, July 21st. JPMorgan Chase & Co. decreased their price target on shares of 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, Roth Capital reiterated a “buy” rating and issued a $209.00 price target on shares of Constellation Brands in a report on Thursday, July 2nd. Eleven investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Constellation Brands currently has an average rating of “Hold” and a consensus price target of $167.53.

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.