17 Capital Partners LLC Has $428,000 Stock Position in Constellation Brands Inc $STZ

Key Points

• 17 Capital Partners LLC reduced its stake in Constellation Brands by 46.1%, now owning 2,332 shares worth approximately $428,000.
• Insider selling activity was noted with EVP James O. Bourdeau selling 821 shares at $169.00 each, reducing his ownership by 8%.
• Constellation Brands reported a quarterly EPS of $3.22, missing estimates by $0.23, and a 5.5% decline in revenue year-over-year.

17 Capital Partners LLC lowered its stake in Constellation Brands Inc (NYSE:STZ - Free Report) by 46.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,332 shares of the company's stock after selling 1,993 shares during the period. 17 Capital Partners LLC's holdings in Constellation Brands were worth $428,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Cambiar Investors LLC lifted its position in shares of Constellation Brands by 16.3% in the first quarter. Cambiar Investors LLC now owns 176,412 shares of the company's stock worth $32,375,000 after buying an additional 24,700 shares during the last quarter. Oder Investment Management LLC grew its position in shares of Constellation Brands by 19.4% in the first quarter. Oder Investment Management LLC now owns 1,484 shares of the company's stock valued at $272,000 after purchasing an additional 241 shares during the last quarter. Cresset Asset Management LLC grew its position in shares of Constellation Brands by 846.6% in the first quarter. Cresset Asset Management LLC now owns 51,701 shares of the company's stock valued at $9,488,000 after purchasing an additional 46,239 shares during the last quarter. Forvis Mazars Wealth Advisors LLC grew its position in shares of Constellation Brands by 8.8% in the first quarter. Forvis Mazars Wealth Advisors LLC now owns 11,664 shares of the company's stock valued at $2,141,000 after purchasing an additional 943 shares during the last quarter. Finally, Ethic Inc. grew its position in shares of Constellation Brands by 16.8% in the first quarter. Ethic Inc. now owns 35,799 shares of the company's stock valued at $6,616,000 after purchasing an additional 5,151 shares during the last quarter. Institutional investors and hedge funds own 77.34% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on STZ shares. Piper Sandler raised their price target on Constellation Brands from $165.00 to $170.00 and gave the company a "neutral" rating in a research report on Friday, June 6th. JPMorgan Chase & Co. raised their price target on Constellation Brands from $170.00 to $182.00 and gave the company a "neutral" rating in a research report on Thursday, July 3rd. UBS Group raised their price target on Constellation Brands from $195.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. Bank of America raised their price target on Constellation Brands from $180.00 to $182.00 and gave the company a "neutral" rating in a research report on Thursday, July 3rd. Finally, Raymond James Financial raised Constellation Brands to a "strong-buy" rating in a research report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, Constellation Brands presently has a consensus rating of "Moderate Buy" and an average price target of $213.74.

Constellation Brands Stock Performance

Shares of STZ traded down $1.4730 during trading hours on Thursday, reaching $164.8270. 1,525,305 shares of the company traded hands, compared to its average volume of 2,386,510. The stock's fifty day moving average is $168.40 and its 200 day moving average is $176.05. The stock has a market cap of $29.06 billion, a P/E ratio of -68.97, a price-to-earnings-growth ratio of 10.04 and a beta of 0.67. 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 1-year low of $159.35 and a 1-year high of $261.06.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its earnings results on Tuesday, July 1st. The company reported $3.22 earnings per share 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 analyst estimates of $2.57 billion. During the same quarter last year, the firm posted $3.57 earnings per share. Constellation Brands's revenue was down 5.5% on a year-over-year basis. Constellation Brands has set its FY 2026 guidance at 12.600-12.900 EPS. Equities research analysts anticipate that Constellation Brands Inc will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Wednesday, July 30th were given 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 -170.71%.

Insider Buying and Selling at Constellation Brands

In other news, EVP James O. Bourdeau sold 821 shares of Constellation Brands 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 sale, the executive vice president directly owned 9,438 shares in the company, valued at approximately $1,595,022. The trade was a 8.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 12.45% of the company's stock.

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.