Constellation Brands Inc $STZ Shares Sold by Focus Financial Network Inc.

Focus Financial Network Inc. lessened its position in shares of Constellation Brands Inc (NYSE:STZ) by 9.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,328 shares of the company’s stock after selling 140 shares during the quarter. Focus Financial Network Inc.’s holdings in Constellation Brands were worth $216,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC acquired a new stake in Constellation Brands during the first quarter valued at $32,000. Rakuten Securities Inc. raised its stake in shares of Constellation Brands by 805.0% in the 1st quarter. Rakuten Securities Inc. now owns 181 shares of the company’s stock valued at $33,000 after acquiring an additional 161 shares during the period. Zions Bancorporation National Association UT purchased a new stake in shares of Constellation Brands in the 1st quarter valued at approximately $38,000. Flaharty Asset Management LLC purchased a new stake in shares of Constellation Brands in the 1st quarter valued at approximately $39,000. Finally, WPG Advisers LLC purchased a new stake in shares of Constellation Brands in the 1st quarter valued at approximately $43,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Insider Transactions at Constellation Brands

In other Constellation Brands news, EVP James O. Bourdeau sold 821 shares of Constellation Brands stock in a transaction on Monday, July 21st. The shares were 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 of the company’s stock, valued at $1,595,022. The trade was a 8.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 12.45% of the stock is owned by corporate insiders.

Constellation Brands Price Performance

Shares of NYSE STZ opened at $132.91 on Monday. The stock has a market cap of $23.43 billion, a price-to-earnings ratio of -55.61, a PEG ratio of 0.40 and a beta of 0.67. Constellation Brands Inc has a 52 week low of $131.82 and a 52 week high of $261.06. The company’s 50-day moving average price is $160.84 and its 200 day moving average price is $172.66. The company has a current ratio of 1.07, a quick ratio of 0.68 and a debt-to-equity ratio of 1.30.

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

Constellation Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Wednesday, July 30th were issued a $1.02 dividend. The ex-dividend date of this dividend was Wednesday, July 30th. This represents a $4.08 annualized dividend and a yield of 3.1%. Constellation Brands’s dividend payout ratio is currently -170.71%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Citigroup reduced their price target on shares of Constellation Brands from $174.00 to $155.00 and set a “neutral” rating on the stock in a research note on Thursday, September 4th. The Goldman Sachs Group dropped their price objective on shares of Constellation Brands from $225.00 to $196.00 and set a “buy” rating for the company in a report on Tuesday, September 2nd. JPMorgan Chase & Co. lifted their price objective on shares of Constellation Brands from $170.00 to $182.00 and gave the company a “neutral” rating in a report on Thursday, July 3rd. Bank of America dropped their price objective on shares of Constellation Brands from $150.00 to $142.00 and set an “underperform” rating for the company in a report on Wednesday, September 3rd. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Constellation Brands from $182.00 to $158.00 and set a “hold” rating for the company in a report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $192.28.

Constellation Brands Profile

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.