8,025 Constellation Brands Inc $STZ Shares Sold by Wedbush Securities Inc.

Key Points

• Wedbush Securities cut its Constellation Brands stake by 75.6%, selling 8,025 shares and retaining 2,592 shares valued at approximately $293,000. Institutional investors collectively own 77.34% of the company.
• Analyst sentiment is mixed: 12 analysts rate the stock a Buy, seven rate it Hold, and five rate it Sell. The consensus rating is Hold, with an average price target of $153.09.
• Constellation Brands exceeded quarterly expectations with EPS of $3.74 and revenue of $2.63 billion, while announcing a quarterly dividend of $1.03 per share, equivalent to a 3.2% yield.

Wedbush Securities Inc. reduced its stake in Constellation Brands Inc (NYSE:STZ - Free Report) by 75.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,592 shares of the company's stock after selling 8,025 shares during the period. Wedbush Securities Inc.'s holdings in Constellation Brands were worth $293,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Sterling Capital Management LLC boosted its holdings in shares of Constellation Brands by 4.1% during the third quarter. Sterling Capital Management LLC now owns 4,598 shares of the company's stock worth $520,000 after acquiring an additional 181 shares during the period. Yousif Capital Management LLC increased its stake in shares of Constellation Brands by 9.4% during the third quarter. Yousif Capital Management LLC now owns 12,454 shares of the company's stock worth $1,408,000 after purchasing an additional 1,068 shares during the period. U S Global Investors Inc. increased its stake in shares of Constellation Brands by 500.0% during the third quarter. U S Global Investors Inc. now owns 6,000 shares of the company's stock worth $678,000 after purchasing an additional 5,000 shares during the period. Culbertson A N & Co. Inc. increased its stake in shares of Constellation Brands by 8.4% during the third quarter. Culbertson A N & Co. Inc. now owns 2,838 shares of the company's stock worth $321,000 after purchasing an additional 220 shares during the period. Finally, Root Financial Partners LLC acquired a new stake in Constellation Brands during the 3rd quarter worth approximately $33,000. 77.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Royal Bank Of Canada restated an "outperform" rating on shares of Constellation Brands in a research note on Tuesday. BNP Paribas Exane lowered their price objective on Constellation Brands from $115.00 to $110.00 and set an "underperform" rating on the stock in a research report on Monday, September 21st. The Goldman Sachs Group set a $155.00 target price on Constellation Brands in a report on Wednesday, October 7th. Freedom Capital cut shares of Constellation Brands from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 1st. Finally, Bank of America decreased their price target on shares of Constellation Brands from $152.00 to $145.00 and set an "underperform" rating on the stock in a research note on Thursday, July 2nd. Twelve research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Constellation Brands currently has an average rating of "Hold" and an average price target of $153.09.

Constellation Brands Stock Down 0.7%

NYSE STZ opened at $129.78 on Thursday. The company has a current ratio of 1.00, a quick ratio of 0.53 and a debt-to-equity ratio of 1.02. Constellation Brands Inc has a 1-year low of $110.60 and a 1-year high of $168.60. The company has a 50 day moving average of $125.42 and a 200-day moving average of $142.01. The company has a market cap of $21.96 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 2.84 and a beta of 1.75.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its quarterly earnings results on Tuesday, October 6th. The company reported $3.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.62 by $0.12. The business had revenue of $2.63 billion during the quarter, compared to analysts' expectations of $2.54 billion. Constellation Brands had a return on equity of 24.75% and a net margin of 19.57%. The firm's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company posted $3.63 earnings per share. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. On average, equities research analysts expect that Constellation Brands Inc will post 11.85 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be issued a $1.03 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $4.12 annualized dividend and a yield of 3.2%. Constellation Brands's payout ratio is currently 36.95%.

Constellation Brands Profile

Constellation Brands, Inc is a beverage alcohol company that develops, produces, markets and distributes beer, wine and spirits. Its beer portfolio includes Modelo Especial, Corona Extra, Corona Light, Pacifico and Victoria, while its wine and spirits brands include Robert Mondavi, Kim Crawford, Meiomi, The Prisoner Wine Company, Simi, Ruffino, High West and Casa Noble.

The company's beer business is primarily focused on the United States, where Constellation markets and distributes several leading Mexican beer brands under license from Grupo Modelo.

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