Focus Partners Wealth Reduces Holdings in Constellation Brands Inc $STZ

Focus Partners Wealth trimmed its position in shares of Constellation Brands Inc (NYSE:STZ) by 82.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,515 shares of the company’s stock after selling 93,001 shares during the quarter. Focus Partners Wealth’s holdings in Constellation Brands were worth $3,581,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Piscataqua Savings Bank boosted its stake in shares of Constellation Brands by 1.7% during the first quarter. Piscataqua Savings Bank now owns 3,720 shares of the company’s stock valued at $683,000 after purchasing an additional 62 shares during the period. Strategic Financial Concepts LLC boosted its stake in shares of Constellation Brands by 5.8% during the first quarter. Strategic Financial Concepts LLC now owns 1,128 shares of the company’s stock valued at $207,000 after purchasing an additional 62 shares during the period. World Investment Advisors boosted its stake in shares of Constellation Brands by 1.7% during the first quarter. World Investment Advisors now owns 3,801 shares of the company’s stock valued at $698,000 after purchasing an additional 62 shares during the period. Moody National Bank Trust Division boosted its stake in shares of Constellation Brands by 0.9% during the first quarter. Moody National Bank Trust Division now owns 6,991 shares of the company’s stock valued at $1,283,000 after purchasing an additional 64 shares during the period. Finally, Bessemer Group Inc. boosted its stake in shares of Constellation Brands by 3.0% during the first quarter. Bessemer Group Inc. now owns 2,242 shares of the company’s stock valued at $412,000 after purchasing an additional 65 shares during the period. 77.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on STZ. Roth Capital reissued a “buy” rating and set a $209.00 target price (down from $239.00) on shares of Constellation Brands in a research note on Wednesday, September 3rd. UBS Group boosted their target price on shares of Constellation Brands from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, July 3rd. Citigroup decreased their price objective on Constellation Brands from $174.00 to $155.00 and set a “neutral” rating for the company in a report on Thursday, September 4th. BMO Capital Markets decreased their price objective on Constellation Brands from $215.00 to $190.00 and set an “outperform” rating for the company in a report on Thursday, September 4th. Finally, Sanford C. Bernstein decreased their price objective on Constellation Brands from $225.00 to $195.00 and set an “outperform” rating for the company in a report on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, Constellation Brands presently has an average rating of “Hold” and a consensus price target of $192.28.

Insider Activity at Constellation Brands

In other news, EVP James O. Bourdeau sold 821 shares of the firm’s stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $169.00, for a total transaction of $138,749.00. Following the sale, the executive vice president owned 9,438 shares of the company’s stock, valued at $1,595,022. This trade represents a 8.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 12.45% of the stock is owned by insiders.

Constellation Brands Price Performance

Shares of NYSE:STZ opened at $135.38 on Tuesday. Constellation Brands Inc has a twelve month low of $135.25 and a twelve month high of $261.06. The company’s 50 day moving average is $163.86 and its 200 day moving average is $173.83. The company has a current ratio of 1.07, a quick ratio of 0.68 and a debt-to-equity ratio of 1.30. The company has a market cap of $23.87 billion, a PE ratio of -56.64, a price-to-earnings-growth ratio of 0.42 and a beta of 0.67.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Tuesday, July 1st. The company reported $3.22 earnings per share for the quarter, missing the consensus estimate of $3.45 by ($0.23). Constellation Brands had a positive return on equity of 31.41% and a negative net margin of 4.11%.The business had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same quarter last year, the company posted $3.57 EPS. Constellation Brands’s quarterly revenue 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. On average, sell-side analysts forecast that Constellation Brands Inc will post 13.5 EPS for the current year.

Constellation Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Wednesday, July 30th were paid a dividend of $1.02 per share. The ex-dividend date of this dividend was Wednesday, July 30th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.0%. Constellation Brands’s dividend payout ratio (DPR) is presently -170.71%.

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.