Acumen Wealth Advisors LLC Reduces Stock Holdings in Constellation Brands Inc $STZ

Acumen Wealth Advisors LLC cut its stake in Constellation Brands Inc (NYSE:STZ) by 32.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,226 shares of the company’s stock after selling 6,795 shares during the quarter. Acumen Wealth Advisors LLC’s holdings in Constellation Brands were worth $2,134,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. MV Capital Management Inc. purchased a new stake in Constellation Brands in the fourth quarter worth about $26,000. Stance Capital LLC purchased a new position in shares of Constellation Brands in the 3rd quarter worth approximately $26,000. Strive Financial Group LLC acquired a new stake in Constellation Brands in the fourth quarter valued at approximately $27,000. Cedar Mountain Advisors LLC acquired a new position in shares of Constellation Brands during the first quarter worth $33,000. Finally, Root Financial Partners LLC lifted its holdings in shares of Constellation Brands by 231.3% during the 1st quarter. Root Financial Partners LLC now owns 222 shares of the company’s stock valued at $33,000 after purchasing an additional 155 shares during the last quarter. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Constellation Brands Price Performance

Shares of NYSE STZ opened at $130.80 on Wednesday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.91 and a quick ratio of 0.48. The stock has a market capitalization of $22.34 billion, a price-to-earnings ratio of 12.48, a PEG ratio of 4.19 and a beta of 0.39. The firm’s 50 day simple moving average is $140.11 and its 200-day simple moving average is $149.48. Constellation Brands Inc has a 12 month low of $126.45 and a 12 month high of $178.13.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $3.43 earnings per share for the quarter, missing the consensus estimate of $3.70 by ($0.27). Constellation Brands had a net margin of 18.87% and a return on equity of 25.58%. The business had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same quarter in the prior year, the firm earned $3.22 EPS. Constellation Brands’s revenue for the quarter was down 3.3% on a year-over-year basis. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. Analysts expect that Constellation Brands Inc will post 11.82 EPS for the current year.

Constellation Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Thursday, July 30th will be issued a dividend of $1.03 per share. The ex-dividend date is Thursday, July 30th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.1%. Constellation Brands’s dividend payout ratio is currently 39.31%.

Analyst Ratings Changes

Several analysts have weighed in on STZ shares. JPMorgan Chase & Co. dropped their target price on shares of Constellation Brands from $169.00 to $165.00 and set a “neutral” rating on the stock in a research report on Thursday, July 2nd. Piper Sandler restated a “neutral” rating and issued a $160.00 target price on shares of Constellation Brands in a research note on Wednesday, July 1st. TD Cowen reaffirmed a “buy” rating and set a $174.00 price target on shares of Constellation Brands in a research report on Wednesday, July 1st. Sanford C. Bernstein reiterated an “outperform” rating on shares of Constellation Brands in a research note on Wednesday, July 1st. Finally, Morgan Stanley reduced their price objective on Constellation Brands from $183.00 to $158.00 and set an “equal weight” rating for the company in a research note on Thursday, July 2nd. Eleven equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $167.53.

Insider Transactions at Constellation Brands

In other Constellation Brands news, EVP James O. Bourdeau sold 4,407 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $143.24, for a total value of $631,258.68. Following the transaction, the executive vice president owned 9,109 shares of the company’s stock, valued at $1,304,773.16. This represents a 32.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 12.20% of the company’s stock.

Constellation Brands Company Profile

Constellation Brands, Inc is a leading producer and marketer of beer, wine and spirits, with operations spanning production, importation, marketing and distribution. The company’s beverage portfolio includes a range of premium and mainstream wines and spirits alongside major imported beer brands; in the U.S. market Constellation is widely known for its role in bringing Mexican imports such as Corona and Modelo to American consumers. Constellation supplies retail, on‑premise and foodservice channels and supports its brands with national sales and marketing platforms and supply‑chain capabilities.

The company traces its roots to the Canandaigua Wine Company, founded by Marvin Sands in 1945, and evolved through organic growth and acquisition into a diversified beverage company.