Constellation Brands Inc $STZ Shares Sold by Belpointe Asset Management LLC

Key Points

• Belpointe Asset Management LLC significantly reduced its stake in Constellation Brands Inc by 84.9%, owning just 1,694 shares after selling 9,534 shares in the first quarter.
• In contrast, Vanguard Group Inc. and Wellington Management Group LLP increased their stakes in the company by 18.6% and 127.9% respectively during the same period.
• Constellation Brands reported a loss in quarterly earnings, with an EPS of $3.22, missing estimates by $0.23 and showing a 5.5% decline in revenue compared to the previous year.

Belpointe Asset Management LLC reduced its position in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 84.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,694 shares of the company's stock after selling 9,534 shares during the period. Belpointe Asset Management LLC's holdings in Constellation Brands were worth $311,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Piscataqua Savings Bank increased its stake in shares of Constellation Brands by 1.7% during the first quarter. Piscataqua Savings Bank now owns 3,720 shares of the company's stock valued at $683,000 after purchasing an additional 62 shares in the last quarter. Strategic Financial Concepts LLC increased its stake in shares of Constellation Brands by 5.8% during the first quarter. Strategic Financial Concepts LLC now owns 1,128 shares of the company's stock valued at $207,000 after purchasing an additional 62 shares in the last quarter. World Investment Advisors increased its stake in shares of Constellation Brands by 1.7% during the first quarter. World Investment Advisors now owns 3,801 shares of the company's stock valued at $698,000 after purchasing an additional 62 shares in the last quarter. Moody National Bank Trust Division increased its position in shares of Constellation Brands by 0.9% during the first quarter. Moody National Bank Trust Division now owns 6,991 shares of the company's stock valued at $1,283,000 after acquiring an additional 64 shares in the last quarter. Finally, Bessemer Group Inc. increased its position in shares of Constellation Brands by 3.0% during the first quarter. Bessemer Group Inc. now owns 2,242 shares of the company's stock valued at $412,000 after acquiring an additional 65 shares in the last quarter. 77.34% of the stock is owned by institutional investors.

Insider Buying and Selling at Constellation Brands

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.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Cowen restated a "hold" rating on shares of Constellation Brands in a report on Monday, July 7th. JPMorgan Chase & Co. lifted their price target on shares of Constellation Brands from $170.00 to $182.00 and gave the stock a "neutral" rating in a research note on Thursday, July 3rd. BNP Paribas cut shares of Constellation Brands from a "hold" rating to a "strong sell" rating in a research note on Wednesday, September 3rd. BMO Capital Markets lowered their target price on shares of Constellation Brands from $215.00 to $190.00 and set an "outperform" rating on the stock in a research note on Thursday, September 4th. Finally, Citigroup reduced their target price on shares of Constellation Brands from $174.00 to $155.00 and set a "neutral" rating on the stock in a report on Thursday, September 4th. One equities 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. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $192.28.

Constellation Brands Stock Performance

Shares of NYSE:STZ traded down $0.94 during midday trading on Tuesday, reaching $134.48. The company's stock had a trading volume of 2,902,604 shares, compared to its average volume of 2,699,734. The firm has a market capitalization of $23.71 billion, a PE ratio of -56.27, a P/E/G ratio of 0.41 and a beta of 0.67. Constellation Brands Inc has a twelve month low of $133.84 and a twelve month high of $261.06. The stock has a fifty day moving average of $163.86 and a 200 day moving average of $173.83. The company has a quick ratio of 0.68, a current ratio of 1.07 and a debt-to-equity ratio of 1.30.

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 the consensus estimate of $3.45 by ($0.23). The firm had revenue of $2.52 billion for 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 quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.57 EPS. Constellation Brands has set its FY 2026 guidance at 12.600-12.900 EPS. On average, equities analysts expect that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Wednesday, July 30th were issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Wednesday, July 30th. Constellation Brands's dividend payout ratio (DPR) is presently -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.