Voya Investment Management LLC Trims Stake in Constellation Brands Inc $STZ

Voya Investment Management LLC trimmed its holdings in shares of Constellation Brands Inc (NYSE:STZ) by 92.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,985 shares of the company’s stock after selling 369,630 shares during the quarter. Voya Investment Management LLC’s holdings in Constellation Brands were worth $5,686,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently modified their holdings of STZ. Brighton Jones LLC increased its position in shares of Constellation Brands by 23.0% during the 4th quarter. Brighton Jones LLC now owns 1,001 shares of the company’s stock valued at $221,000 after purchasing an additional 187 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its holdings in Constellation Brands by 39.7% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 6,096 shares of the company’s stock valued at $1,347,000 after acquiring an additional 1,733 shares during the period. Tidal Investments LLC boosted its holdings in Constellation Brands by 81.1% during the 4th quarter. Tidal Investments LLC now owns 15,466 shares of the company’s stock valued at $3,418,000 after acquiring an additional 6,926 shares during the period. Twinbeech Capital LP purchased a new stake in Constellation Brands during the 4th quarter valued at about $955,000. Finally, Waverly Advisors LLC boosted its holdings in Constellation Brands by 50.7% during the 4th quarter. Waverly Advisors LLC now owns 1,727 shares of the company’s stock valued at $382,000 after acquiring an additional 581 shares during the period. 77.34% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP James O. Bourdeau sold 821 shares of the company’s stock in a transaction on Monday, July 21st. The stock was sold at an average price of $169.00, for a total transaction of $138,749.00. Following the transaction, the executive vice president directly owned 9,438 shares of the company’s stock, valued at approximately $1,595,022. This represents a 8.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 12.45% of the company’s stock.

Constellation Brands Stock Down 0.0%

Shares of NYSE STZ opened at $132.99 on Friday. The firm has a market capitalization of $23.44 billion, a price-to-earnings ratio of -55.64, a PEG ratio of 0.40 and a beta of 0.67. Constellation Brands Inc has a 52-week low of $131.90 and a 52-week high of $261.06. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.68 and a current ratio of 1.07. The stock has a 50 day moving average price of $161.62 and a 200 day moving average price of $172.98.

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

Constellation Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Wednesday, July 30th were given 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 3.1%. Constellation Brands’s dividend payout ratio is presently -170.71%.

Analyst Ratings Changes

A number of research analysts have commented on STZ shares. Needham & Company LLC lowered their price target on Constellation Brands from $200.00 to $180.00 and set a “buy” rating for the company in a research report on Wednesday, September 3rd. BNP Paribas Exane lowered Constellation Brands from a “neutral” rating to an “underperform” rating and set a $123.00 target price for the company. in a research report on Wednesday, September 3rd. BMO Capital Markets reduced their price objective on Constellation Brands from $215.00 to $190.00 and set an “outperform” rating for the company in a research report on Thursday, September 4th. JPMorgan Chase & Co. raised their price objective on Constellation Brands from $170.00 to $182.00 and gave the company a “neutral” rating in a research report on Thursday, July 3rd. Finally, Jefferies Financial Group cut their target price on Constellation Brands from $205.00 to $179.00 and set a “buy” rating on the stock in a research note on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, Constellation Brands currently has an average rating of “Hold” and a consensus target price of $192.28.

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.