Constellation Brands Inc $STZ Position Reduced by Toth Financial Advisory Corp

Key Points

• Toth Financial Advisory Corp has reduced its position in Constellation Brands Inc by 25.8%, now owning approximately $1.83 million in shares.
• Multiple brokerages have adjusted their price targets for Constellation Brands, with BMO Capital Markets lowering it from $215.00 to $190.00 while maintaining an "outperform" rating.
• Constellation Brands recently reported quarterly earnings with an EPS of $3.22, missing estimates and indicating a 5.5% revenue decline year-over-year.

Toth Financial Advisory Corp reduced its holdings in Constellation Brands Inc (NYSE:STZ - Free Report) by 25.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 11,282 shares of the company's stock after selling 3,913 shares during the quarter. Toth Financial Advisory Corp's holdings in Constellation Brands were worth $1,835,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Laurel Wealth Advisors LLC bought a new position in shares of Constellation Brands in the 1st quarter worth about $32,000. Rakuten Securities Inc. lifted its position in shares of Constellation Brands by 805.0% in the 1st quarter. Rakuten Securities Inc. now owns 181 shares of the company's stock worth $33,000 after buying an additional 161 shares during the last quarter. Fourth Dimension Wealth LLC bought a new stake in Constellation Brands in the 4th quarter valued at about $44,000. Zions Bancorporation National Association UT bought a new stake in Constellation Brands in the 1st quarter valued at about $38,000. Finally, Flaharty Asset Management LLC bought a new stake in Constellation Brands in the 1st quarter valued at about $39,000. 77.34% of the stock is currently owned by institutional investors.

Insider Transactions at Constellation Brands

In related news, EVP James O. Bourdeau sold 821 shares of the business'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 transaction, the executive vice president owned 9,438 shares of the company's stock, valued at approximately $1,595,022. The trade was a 8.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 12.45% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on STZ. BMO Capital Markets cut their price objective on shares of Constellation Brands from $215.00 to $190.00 and set an "outperform" rating on the stock in a research report on Thursday, September 4th. JPMorgan Chase & Co. raised their target price on shares of Constellation Brands from $170.00 to $182.00 and gave the company a "neutral" rating in a research note on Thursday, July 3rd. The Goldman Sachs Group lowered their target price on shares of Constellation Brands from $225.00 to $196.00 and set a "buy" rating on the stock in a research note on Tuesday, September 2nd. Citigroup lowered their price objective on shares of Constellation Brands from $174.00 to $155.00 and set a "neutral" rating on the stock in a research note on Thursday, September 4th. Finally, Jefferies Financial Group lowered their price objective on shares of Constellation Brands from $205.00 to $179.00 and set a "buy" rating on the stock 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 given a Hold rating and four have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $192.28.

Constellation Brands Trading Down 0.1%

NYSE:STZ opened at $132.91 on Friday. Constellation Brands Inc has a 12 month low of $131.82 and a 12 month high of $261.06. The firm has a market cap of $23.43 billion, a price-to-earnings ratio of -55.61, a P/E/G ratio of 0.40 and a beta of 1.75. 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 company's 50 day moving average is $160.84 and its 200-day moving average is $172.70.

Constellation Brands (NYSE:STZ - Get Free Report) last released its quarterly earnings results on Tuesday, July 1st. The company reported $3.22 EPS for the quarter, missing analysts' consensus estimates 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 prior year, the business earned $3.57 EPS. The company's revenue for the quarter 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. Equities analysts anticipate that Constellation Brands Inc will post 13.5 EPS for the current year.

Constellation Brands Dividend Announcement

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

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.

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