14,340 Shares in Constellation Brands Inc $STZ Purchased by Arlington Partners LLC

Key Points

• Arlington Partners LLC has acquired a new position in Constellation Brands Inc, purchasing 14,340 shares valued at approximately $2.33 million.
• Constellation Brands reported a decline in revenue of 5.5% year-over-year, with earnings per share of $3.22 for the last quarter, missing expectations.
• The company's recent quarterly dividend is $1.02 per share, which reflects a dividend yield of 3.1%, but shows a negative payout ratio of -170.71% amidst recent financial struggles.

Arlington Partners LLC purchased a new stake in Constellation Brands Inc (NYSE:STZ - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 14,340 shares of the company's stock, valued at approximately $2,333,000.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in Constellation Brands by 18.6% in the 1st quarter. Vanguard Group Inc. now owns 18,417,604 shares of the company's stock valued at $3,379,999,000 after acquiring an additional 2,882,817 shares during the period. Wellington Management Group LLP raised its stake in Constellation Brands by 127.9% in the 1st quarter. Wellington Management Group LLP now owns 4,480,788 shares of the company's stock valued at $822,314,000 after acquiring an additional 2,514,517 shares during the period. GAMMA Investing LLC increased its position in shares of Constellation Brands by 7,602.6% during the first quarter. GAMMA Investing LLC now owns 396,220 shares of the company's stock valued at $72,714,000 after buying an additional 391,076 shares during the period. Nuveen LLC bought a new stake in shares of Constellation Brands during the first quarter valued at about $63,377,000. Finally, DAVENPORT & Co LLC increased its position in shares of Constellation Brands by 1,594.0% during the first quarter. DAVENPORT & Co LLC now owns 207,655 shares of the company's stock valued at $38,132,000 after buying an additional 195,397 shares during the period. Institutional investors and hedge funds own 77.34% of the company's stock.

Constellation Brands Stock Up 0.4%

STZ traded up $0.60 during trading on Monday, reaching $133.52. The stock had a trading volume of 3,273,951 shares, compared to its average volume of 3,086,946. The stock's 50 day moving average is $160.22 and its two-hundred day moving average is $172.28. The company has a current ratio of 1.07, a quick ratio of 0.68 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $23.54 billion, a price-to-earnings ratio of -55.86, a P/E/G ratio of 0.40 and a beta of 0.67. Constellation Brands Inc has a one year low of $131.82 and a one year high of $261.06.

Constellation Brands (NYSE:STZ - Get Free Report) last posted its quarterly earnings data 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 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%.Constellation Brands's revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter last year, the company posted $3.57 EPS. Constellation Brands has set its FY 2026 guidance at 12.600-12.900 EPS. As a group, analysts expect 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. Stockholders of record on Wednesday, July 30th were given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Wednesday, July 30th. Constellation Brands's payout ratio is currently -170.71%.

Analysts Set New Price Targets

STZ has been the topic of several analyst reports. Jefferies Financial Group decreased their price target on Constellation Brands from $205.00 to $179.00 and set a "buy" rating on the stock in a research report on Wednesday, September 3rd. Needham & Company LLC decreased their price target on Constellation Brands from $200.00 to $180.00 and set a "buy" rating on the stock in a research report on Wednesday, September 3rd. Morgan Stanley decreased their price target on Constellation Brands from $195.00 to $176.00 and set an "equal weight" rating on the stock in a research report on Wednesday, September 3rd. Zacks Research cut Constellation Brands from a "hold" rating to a "strong sell" rating in a research report on Tuesday, September 9th. Finally, JPMorgan Chase & Co. boosted their price objective on Constellation Brands from $170.00 to $182.00 and gave the stock a "neutral" rating in a report on Thursday, July 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $192.28.

Insider Activity

In other news, EVP James O. Bourdeau sold 821 shares of Constellation Brands stock in a transaction dated Monday, July 21st. The stock was 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 12.45% of the stock is currently owned by corporate insiders.

Constellation Brands Company 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.