City Holding Co. Has $1.40 Million Position in Constellation Brands Inc $STZ

Key Points

• City Holding Co. has reduced its position in Constellation Brands Inc. by 21.7%, now holding 8,608 shares valued at approximately $1.4 million, as per its latest SEC filing.
• Several institutional investors, including Vanguard Group Inc. and Wellington Management Group LLP, have increased their stakes in Constellation Brands, with 77.34% of the company currently owned by institutional investors.
• Constellation Brands has reported a quarterly loss, with earnings per share of $3.22, missing estimates by $0.23 and indicating a 5.5% drop in revenue compared to the same quarter last year.

City Holding Co. cut its holdings in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 21.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,608 shares of the company's stock after selling 2,391 shares during the quarter. City Holding Co.'s holdings in Constellation Brands were worth $1,400,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Constellation Brands by 18.6% during the 1st quarter. Vanguard Group Inc. now owns 18,417,604 shares of the company's stock worth $3,379,999,000 after buying an additional 2,882,817 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Constellation Brands by 127.9% during the first 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 last quarter. Charles Schwab Investment Management Inc. increased its position in Constellation Brands by 7.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,922,122 shares of the company's stock worth $352,748,000 after buying an additional 139,158 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Constellation Brands by 4.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,693,827 shares of the company's stock worth $310,851,000 after acquiring an additional 76,186 shares during the period. Finally, Northern Trust Corp boosted its stake in Constellation Brands by 1.2% during the first quarter. Northern Trust Corp now owns 1,534,357 shares of the company's stock valued at $281,585,000 after buying an additional 17,832 shares during the period. 77.34% of the stock is currently owned by institutional investors.

Insider Transactions at Constellation Brands

In other Constellation Brands news, EVP James O. Bourdeau sold 821 shares of the stock in a transaction that occurred 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 directly owned 9,438 shares in the company, valued at $1,595,022. This represents a 8.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 12.45% of the stock is currently owned by company insiders.

Constellation Brands Stock Performance

Constellation Brands stock opened at $132.42 on Friday. The company has a 50 day moving average price of $157.28 and a 200-day moving average price of $170.89. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.68 and a current ratio of 1.07. 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 capitalization of $23.34 billion, a PE ratio of -55.41, a P/E/G ratio of 0.40 and a beta of 0.67.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its quarterly earnings data on Tuesday, July 1st. The company reported $3.22 earnings per share (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 business had revenue of $2.52 billion for the quarter, compared to analysts' expectations of $2.57 billion. During the same period in the previous year, the business earned $3.57 earnings per share. The business'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. As a group, equities analysts forecast that Constellation Brands Inc will post 13.5 earnings per share for the current year.

Constellation Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Wednesday, July 30th were paid a $1.02 dividend. The ex-dividend date of this dividend was Wednesday, July 30th. This represents a $4.08 annualized dividend and a dividend yield of 3.1%. Constellation Brands's dividend payout ratio is -170.71%.

Wall Street Analysts Forecast Growth

STZ has been the topic of a number of research analyst reports. Barclays restated an "equal weight" rating and set a $150.00 price target (down previously from $202.00) on shares of Constellation Brands in a report on Friday, September 12th. Citigroup lowered their price objective on Constellation Brands from $155.00 to $145.00 and set a "neutral" rating on the stock in a research report on Tuesday, September 23rd. Raymond James Financial raised Constellation Brands to a "strong-buy" rating in a report on Monday, July 7th. UBS Group raised their target price on Constellation Brands from $195.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. Finally, Sanford C. Bernstein cut their price target on Constellation Brands from $225.00 to $195.00 and set an "outperform" rating for the company in a research note on Thursday, September 4th. One 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 issued a Sell rating to the company. Based on data from MarketBeat.com, Constellation Brands presently has an average rating of "Hold" and an average price target of $191.28.

About Constellation Brands

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.

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