Constellation Brands Inc $STZ Shares Sold by Adage Capital Partners GP L.L.C.

Key Points

• Adage Capital Partners GP L.L.C. has reduced its stake in Constellation Brands by 2.7%, selling 4,000 shares during the first quarter, leaving it with around 0.08% ownership valued at $26.03 million.
• Analysis shows mixed institutional interest, with significant increases in holdings from firms like Harbor Capital Advisors, which raised its position by 36.4%, while overall institutional ownership stands at 77.34%.
• Constellation Brands reported a drop in quarterly earnings, with EPS of $3.22, missing estimates by $0.23, and had revenues of $2.52 billion, falling short of expectations by 5.5% year-over-year.

Adage Capital Partners GP L.L.C. lessened its holdings in Constellation Brands Inc (NYSE:STZ - Free Report) by 2.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 141,867 shares of the company's stock after selling 4,000 shares during the period. Adage Capital Partners GP L.L.C. owned approximately 0.08% of Constellation Brands worth $26,035,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Minot DeBlois Advisors LLC purchased a new position in Constellation Brands in the 4th quarter valued at approximately $29,000. Laurel Wealth Advisors LLC purchased a new stake in shares of Constellation Brands during the 1st quarter worth $32,000. Rakuten Securities Inc. lifted its position in shares of Constellation Brands by 805.0% during the 1st quarter. Rakuten Securities Inc. now owns 181 shares of the company's stock worth $33,000 after purchasing an additional 161 shares during the last quarter. Fourth Dimension Wealth LLC purchased a new stake in shares of Constellation Brands during the 4th quarter worth $44,000. Finally, Zions Bancorporation National Association UT purchased a new stake in shares of Constellation Brands during the 1st quarter worth $38,000. Hedge funds and other institutional investors own 77.34% of the company's stock.

Constellation Brands Price Performance

STZ stock traded up $2.50 during trading on Friday, reaching $148.38. 3,045,709 shares of the company were exchanged, compared to its average volume of 2,292,581. The company has a market cap of $26.16 billion, a P/E ratio of -62.08, a PEG ratio of 0.45 and a beta of 0.67. Constellation Brands Inc has a 52-week low of $144.81 and a 52-week high of $261.06. The stock's 50 day moving average price is $167.18 and its 200 day moving average price is $175.26. 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 (NYSE:STZ - Get Free Report) last announced its quarterly earnings results 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 during the quarter, compared to analysts' expectations of $2.57 billion. During the same period last year, the company earned $3.57 EPS. 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. As a group, analysts predict that Constellation Brands Inc will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Wednesday, July 30th were given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Wednesday, July 30th. Constellation Brands's payout ratio is currently -170.71%.

Analyst Ratings Changes

STZ has been the subject of several recent analyst reports. Wall Street Zen raised shares of Constellation Brands from a "sell" rating to a "hold" rating in a research report on Tuesday, May 20th. Morgan Stanley decreased their price objective on Constellation Brands from $195.00 to $176.00 and set an "equal weight" rating for the company in a report on Wednesday. Raymond James Financial upgraded shares of Constellation Brands to a "strong-buy" rating in a research report on Monday, July 7th. Citigroup reduced their target price on shares of Constellation Brands from $174.00 to $155.00 and set a "neutral" rating for the company in a report on Thursday. Finally, CJS Securities lowered their price target on Constellation Brands from $196.00 to $194.00 in a report on Monday, May 19th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $194.36.

Insider Buying and Selling at Constellation Brands

In other news, EVP James O. Bourdeau sold 821 shares of the business's stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $169.00, for a total value of $138,749.00. Following the completion of the transaction, the executive vice president owned 9,438 shares of the company's stock, valued at $1,595,022. The trade was a 8.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 12.45% of the stock is currently owned by corporate insiders.

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.