Constellation Brands Inc $STZ Shares Sold by Jump Financial LLC

Jump Financial LLC trimmed its holdings in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 96.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,063 shares of the company's stock after selling 65,064 shares during the period. Jump Financial LLC's holdings in Constellation Brands were worth $379,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Minot DeBlois Advisors LLC purchased a new stake in shares of Constellation Brands during the 4th quarter worth $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. boosted 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 in 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. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Constellation Brands Trading Up 1.7%

NYSE:STZ traded up $2.50 on Friday, reaching $148.38. The stock had a trading volume of 3,045,709 shares, compared to its average volume of 2,209,589. The company has a market cap of $26.16 billion, a price-to-earnings ratio of -62.08, a P/E/G ratio of 0.44 and a beta of 0.67. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.07 and a quick ratio of 0.68. The firm's fifty day moving average is $167.18 and its two-hundred day moving average is $175.24. Constellation Brands Inc has a 12-month low of $144.81 and a 12-month high of $261.06.

Constellation Brands (NYSE:STZ - Get Free Report) last released its earnings results 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). The firm had revenue of $2.52 billion during the quarter, compared to analysts' expectations of $2.57 billion. Constellation Brands had a negative net margin of 4.11% and a positive return on equity of 31.41%. Constellation Brands's revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter last year, the company posted $3.57 earnings per share. Constellation Brands has set its FY 2026 guidance at 12.600-12.900 EPS. 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. Stockholders of record on Wednesday, July 30th were paid 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 dividend yield of 2.7%. Constellation Brands's dividend payout ratio is currently -170.71%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on STZ. The Goldman Sachs Group decreased 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 report on Tuesday. Cowen reiterated a "hold" rating on shares of Constellation Brands in a research report on Monday, July 7th. JPMorgan Chase & Co. boosted their price objective on shares of Constellation Brands from $170.00 to $182.00 and gave the stock a "neutral" rating in a research report on Thursday, July 3rd. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Constellation Brands from $182.00 to $158.00 and set a "hold" rating on the stock in a research report on Wednesday. Finally, Bank of America lowered their target price on Constellation Brands from $150.00 to $142.00 and set an "underperform" rating on the stock in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $194.36.

Insider Activity at Constellation Brands

In other news, EVP James O. Bourdeau sold 821 shares of the company'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 transaction, the executive vice president owned 9,438 shares of the company's stock, valued at $1,595,022. This represents a 8.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 12.45% of the stock is currently owned by corporate insiders.

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.