Constellation Brands Inc $STZ Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. trimmed its holdings in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 74.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 5,531 shares of the company's stock after selling 16,340 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in Constellation Brands were worth $1,015,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in STZ. Piscataqua Savings Bank raised its stake in shares of Constellation Brands by 1.7% in the first quarter. Piscataqua Savings Bank now owns 3,720 shares of the company's stock valued at $683,000 after acquiring an additional 62 shares during the period. Strategic Financial Concepts LLC grew its holdings in Constellation Brands by 5.8% in the first quarter. Strategic Financial Concepts LLC now owns 1,128 shares of the company's stock worth $207,000 after purchasing an additional 62 shares during the last quarter. World Investment Advisors raised its stake in Constellation Brands by 1.7% in the first quarter. World Investment Advisors now owns 3,801 shares of the company's stock valued at $698,000 after buying an additional 62 shares during the last quarter. Moody National Bank Trust Division grew its position in Constellation Brands by 0.9% during the 1st quarter. Moody National Bank Trust Division now owns 6,991 shares of the company's stock worth $1,283,000 after purchasing an additional 64 shares during the last quarter. Finally, Bessemer Group Inc. raised its stake in Constellation Brands by 3.0% in the 1st quarter. Bessemer Group Inc. now owns 2,242 shares of the company's stock worth $412,000 after acquiring an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 77.34% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on STZ. Needham & Company LLC upped their target price on Constellation Brands from $195.00 to $200.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. JPMorgan Chase & Co. raised their target price on shares of Constellation Brands from $170.00 to $182.00 and gave the stock a "neutral" rating in a report on Thursday, July 3rd. Jefferies Financial Group upgraded shares of Constellation Brands from a "hold" rating to a "buy" rating and boosted their target price for the company from $194.00 to $205.00 in a research report on Monday, July 7th. Cowen reaffirmed a "hold" rating on shares of Constellation Brands in a research report on Monday, July 7th. Finally, UBS Group boosted their price objective on Constellation Brands from $195.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $213.74.

Insider Activity

In related news, EVP James O. Bourdeau sold 821 shares of the firm's stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $169.00, for a total transaction of $138,749.00. Following the completion of the sale, the executive vice president directly owned 9,438 shares in the company, valued at approximately $1,595,022. This trade represents a 8.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 12.45% of the company's stock.

Constellation Brands Price Performance

Shares of NYSE STZ traded down $1.7650 during trading on Thursday, hitting $164.5350. The company had a trading volume of 728,077 shares, compared to its average volume of 2,381,451. Constellation Brands Inc has a fifty-two week low of $159.35 and a fifty-two week high of $261.06. The stock has a fifty day simple moving average of $168.40 and a two-hundred day simple moving average of $176.05. The company has a quick ratio of 0.68, a current ratio of 1.07 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $29.01 billion, a price-to-earnings ratio of -68.82, a price-to-earnings-growth ratio of 10.04 and a beta of 0.67.

Constellation Brands (NYSE:STZ - Get Free Report) last posted its quarterly earnings data on Tuesday, July 1st. The company reported $3.22 EPS for the quarter, missing the consensus estimate of $3.45 by ($0.23). The firm had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.57 billion. Constellation Brands had a negative net margin of 4.11% and a positive return on equity of 31.41%. The firm's revenue for the quarter was down 5.5% compared to the same quarter last year. During the same period in the prior year, the company posted $3.57 earnings per share. Constellation Brands has set its FY 2026 guidance at 12.600-12.900 EPS. On average, research 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 issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Wednesday, July 30th. Constellation Brands's payout ratio is currently -170.71%.

Constellation Brands 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.