Park Avenue Securities LLC Cuts Stock Position in Constellation Brands Inc $STZ

Park Avenue Securities LLC trimmed its position in shares of Constellation Brands Inc (NYSE:STZ) by 8.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,574 shares of the company’s stock after selling 344 shares during the period. Park Avenue Securities LLC’s holdings in Constellation Brands were worth $581,000 at the end of the most recent reporting period.

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

Constellation Brands Trading Down 0.2%

Shares of NYSE:STZ opened at $132.42 on Monday. Constellation Brands Inc has a fifty-two week low of $131.20 and a fifty-two week high of $261.06. The company has a market cap of $23.34 billion, a PE ratio of -55.41, a P/E/G ratio of 0.40 and a beta of 0.67. The company’s 50-day moving average price is $157.28 and its 200 day moving average price is $170.81. 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 (NYSE:STZ) last released its quarterly earnings results on Tuesday, July 1st. The company reported $3.22 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter last year, the firm posted $3.57 earnings per share. The firm’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. Sell-side analysts anticipate that Constellation Brands Inc will post 13.5 earnings per share for the current year.

Constellation Brands Announces Dividend

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

Insider Activity at Constellation Brands

In related news, EVP James O. Bourdeau sold 821 shares of the business’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 value of $138,749.00. Following the sale, the executive vice president directly owned 9,438 shares in the company, valued at $1,595,022. The trade was a 8.00% decrease in their position. The transaction 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.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on STZ shares. Deutsche Bank Aktiengesellschaft decreased their price objective 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. Wells Fargo & Company decreased their price objective on shares of Constellation Brands from $170.00 to $155.00 and set an “overweight” rating for the company in a report on Thursday. The Goldman Sachs Group decreased 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. BMO Capital Markets decreased their price objective on shares of Constellation Brands from $215.00 to $190.00 and set an “outperform” rating for the company in a report on Thursday, September 4th. Finally, TD Cowen decreased their price objective on shares of Constellation Brands from $180.00 to $152.00 and set a “hold” rating for the company in a report on Thursday, September 4th. 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $191.28.

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.