Canandaigua National Bank & Trust Co. Has $6.97 Million Holdings in Constellation Brands Inc $STZ

Key Points

• Canandaigua National Bank & Trust Co. increased its holdings in Constellation Brands Inc by 4.7% during the second quarter, bringing the total value of its stake to $6.97 million.
• Constellation Brands recently reported a loss in earnings per share of $3.22 for the quarter, missing estimates by $0.23, with a 5.5% decline in revenue year-over-year.
• The company announced a quarterly dividend of $1.02 per share, yielding approximately 2.9%, although it has a negative dividend payout ratio of -170.71%.

Canandaigua National Bank & Trust Co. increased its holdings in Constellation Brands Inc (NYSE:STZ - Free Report) by 4.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,841 shares of the company's stock after acquiring an additional 1,911 shares during the period. Canandaigua National Bank & Trust Co.'s holdings in Constellation Brands were worth $6,969,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in STZ. Laurel Wealth Advisors LLC purchased a new stake in Constellation Brands in the 1st quarter valued at about $32,000. Rakuten Securities Inc. increased its stake in 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 buying an additional 161 shares during the last quarter. Zions Bancorporation National Association UT purchased a new stake in Constellation Brands in the 1st quarter valued at about $38,000. Flaharty Asset Management LLC purchased a new stake in Constellation Brands in the 1st quarter valued at about $39,000. Finally, WPG Advisers LLC purchased a new stake in Constellation Brands in the 1st quarter valued at about $43,000. Institutional investors and hedge funds own 77.34% of the company's stock.

Constellation Brands Stock Down 2.4%

Shares of NYSE:STZ opened at $139.52 on Monday. The firm has a fifty day moving average price of $164.56 and a two-hundred day moving average price of $174.11. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.07 and a quick ratio of 0.68. Constellation Brands Inc has a one year low of $139.45 and a one year high of $261.06. The company has a market cap of $24.60 billion, a price-to-earnings ratio of -58.38, a PEG ratio of 0.42 and a beta of 1.75.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its quarterly earnings results on Tuesday, July 1st. The company reported $3.22 EPS for the quarter, missing the consensus estimate of $3.45 by ($0.23). Constellation Brands had a negative net margin of 4.11% and a positive return on equity of 31.41%. The firm had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same period in the previous year, the business earned $3.57 earnings per share. The firm's revenue for the quarter was down 5.5% on a year-over-year basis. Constellation Brands has set its FY 2026 guidance at 12.600-12.900 EPS. Analysts anticipate that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Wednesday, July 30th were issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Wednesday, July 30th. Constellation Brands's dividend payout ratio (DPR) is presently -170.71%.

Wall Street Analyst Weigh In

STZ has been the subject of several analyst reports. 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 research note on Thursday, September 4th. Raymond James Financial upgraded shares of Constellation Brands to a "strong-buy" rating in a research note on Monday, July 7th. CJS Securities decreased their price target on shares of Constellation Brands from $196.00 to $194.00 in a research note on Monday, May 19th. Sanford C. Bernstein decreased their price target on shares of Constellation Brands from $225.00 to $195.00 and set an "outperform" rating for the company in a research note on Thursday, September 4th. Finally, Needham & Company LLC decreased their price target on shares of Constellation Brands from $200.00 to $180.00 and set a "buy" rating for the company in a research note on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, Constellation Brands currently has a consensus rating of "Hold" and an average price target of $192.28.

Insider Buying and Selling

In other news, EVP James O. Bourdeau sold 821 shares of the firm's stock in a transaction on Monday, July 21st. The shares were sold at an average price of $169.00, for a total transaction of $138,749.00. Following the sale, the executive vice president owned 9,438 shares in the company, valued at approximately $1,595,022. This trade represents a 8.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 12.45% of the stock is currently owned by 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.