Constellation Brands Inc $STZ Shares Sold by Ilmarinen Mutual Pension Insurance Co

Key Points

• Ilmarinen Mutual Pension Insurance Co significantly reduced its holdings in Constellation Brands Inc by 63.0%, selling 8,500 shares and now owning 5,000 shares worth $918,000.
• Research analysts are divided on Constellation's outlook, with Citigroup reducing its target price from $174.00 to $155.00 while UBS increased its target from $195.00 to $205.00, resulting in a consensus rating of Moderate Buy.
• The company reported a decrease in quarterly revenue and earnings per share, missing analysts' expectations with reported EPS of $3.22 against a consensus of $3.45.

Ilmarinen Mutual Pension Insurance Co trimmed its holdings in Constellation Brands Inc (NYSE:STZ - Free Report) by 63.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,000 shares of the company's stock after selling 8,500 shares during the period. Ilmarinen Mutual Pension Insurance Co's holdings in Constellation Brands were worth $918,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in STZ. Minot DeBlois Advisors LLC purchased a new position in shares of Constellation Brands during the 4th quarter worth about $29,000. Laurel Wealth Advisors LLC acquired a new position in Constellation Brands during the first quarter worth approximately $32,000. Rakuten Securities Inc. raised its stake in Constellation Brands by 805.0% during the first quarter. Rakuten Securities Inc. now owns 181 shares of the company's stock worth $33,000 after purchasing an additional 161 shares during the period. Zions Bancorporation National Association UT acquired a new position in shares of Constellation Brands in the 1st quarter valued at $38,000. Finally, WPG Advisers LLC purchased a new stake in shares of Constellation Brands during the 1st quarter valued at $43,000. Hedge funds and other institutional investors own 77.34% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on STZ shares. Citigroup cut their target price on Constellation Brands from $174.00 to $155.00 and set a "neutral" rating on the stock in a research report on Thursday, September 4th. UBS Group upped their price target on Constellation Brands from $195.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. Deutsche Bank Aktiengesellschaft cut their price objective on Constellation Brands from $182.00 to $158.00 and set a "hold" rating on the stock in a report on Wednesday, September 3rd. Sanford C. Bernstein dropped their target price on shares of Constellation Brands from $225.00 to $195.00 and set an "outperform" rating for the company in a research report on Thursday, September 4th. Finally, BNP Paribas Exane lowered shares of Constellation Brands from a "neutral" rating to an "underperform" rating and set a $123.00 price target on the stock. in a report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $194.36.

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 stock was 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 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 12.45% of the stock is owned by corporate insiders.

Constellation Brands Stock Performance

Constellation Brands stock opened at $143.00 on Thursday. The firm has a market capitalization of $25.21 billion, a PE ratio of -59.83, a price-to-earnings-growth ratio of 0.44 and a beta of 0.67. Constellation Brands Inc has a one year low of $142.51 and a one year high of $261.06. The stock's 50 day moving average price is $165.82 and its 200 day moving average price is $174.65. 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 posted its quarterly earnings data on Tuesday, July 1st. The company reported $3.22 earnings per share (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 for the quarter, compared to analysts' expectations of $2.57 billion. During the same quarter in the prior year, the business earned $3.57 EPS. The company'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, sell-side analysts expect that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Wednesday, July 30th were given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Wednesday, July 30th. Constellation Brands's dividend payout ratio is presently -170.71%.

About Constellation Brands

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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