Constellation Brands Inc $STZ Shares Sold by Belpointe Asset Management LLC

Belpointe Asset Management LLC cut its stake in Constellation Brands Inc (NYSE:STZ) by 84.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,694 shares of the company’s stock after selling 9,534 shares during the period. Belpointe Asset Management LLC’s holdings in Constellation Brands were worth $311,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Constellation Brands by 18.6% in the first quarter. Vanguard Group Inc. now owns 18,417,604 shares of the company’s stock worth $3,379,999,000 after buying an additional 2,882,817 shares during the period. Wellington Management Group LLP increased its position in Constellation Brands by 127.9% in the first quarter. Wellington Management Group LLP now owns 4,480,788 shares of the company’s stock worth $822,314,000 after buying an additional 2,514,517 shares during the period. Charles Schwab Investment Management Inc. increased its position in Constellation Brands by 7.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,922,122 shares of the company’s stock worth $352,748,000 after buying an additional 139,158 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Constellation Brands by 4.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,693,827 shares of the company’s stock worth $310,851,000 after purchasing an additional 76,186 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Constellation Brands by 1.2% in the first quarter. Northern Trust Corp now owns 1,534,357 shares of the company’s stock worth $281,585,000 after purchasing an additional 17,832 shares in the last quarter. 77.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

STZ has been the subject of several recent analyst reports. CJS Securities decreased their price target on Constellation Brands from $196.00 to $194.00 in a research note on Monday, May 19th. JPMorgan Chase & Co. increased their price target on Constellation Brands from $170.00 to $182.00 and gave the stock a “neutral” rating in a research note on Thursday, July 3rd. BNP Paribas cut Constellation Brands from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 3rd. UBS Group increased their price target on Constellation Brands from $195.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, July 3rd. Finally, Jefferies Financial Group decreased their price target on Constellation Brands from $205.00 to $179.00 and set a “buy” rating for the company in a research note on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $192.28.

Constellation Brands Trading Down 2.4%

NYSE:STZ opened at $139.52 on Monday. The company has a quick ratio of 0.68, a current ratio of 1.07 and a debt-to-equity ratio of 1.30. Constellation Brands Inc has a 1-year low of $139.45 and a 1-year high of $261.06. The firm has a market capitalization of $24.60 billion, a price-to-earnings ratio of -58.38, a price-to-earnings-growth ratio of 0.42 and a beta of 1.75. The stock has a fifty day simple moving average of $164.56 and a 200 day simple moving average of $174.11.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Tuesday, July 1st. The company reported $3.22 earnings per share for the quarter, missing analysts’ consensus estimates of $3.45 by ($0.23). Constellation Brands had a negative net margin of 4.11% and a positive return on equity of 31.41%. The company had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same quarter last year, the business earned $3.57 EPS. The company’s revenue for the quarter was down 5.5% compared to the same quarter last year. Constellation Brands has set its FY 2026 guidance at 12.600-12.900 EPS. Sell-side analysts forecast that Constellation Brands Inc will post 13.5 earnings per share for the current year.

Constellation Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Wednesday, July 30th were given a $1.02 dividend. The ex-dividend date was Wednesday, July 30th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.9%. Constellation Brands’s dividend payout ratio (DPR) is -170.71%.

Insider Buying and Selling at Constellation Brands

In related news, EVP James O. Bourdeau sold 821 shares of the stock in a transaction on Monday, July 21st. The stock was sold at an average price of $169.00, for a total value of $138,749.00. Following the completion of the transaction, the executive vice president owned 9,438 shares in the company, valued at $1,595,022. This trade represents a 8.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 12.45% of the stock is owned by company insiders.

About Constellation Brands

Constellation Brands, Inc, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company provides beer primarily under the Corona Extra, Corona Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands.