Constellation Brands Inc $STZ Shares Sold by Legacy Private Trust Co.

Key Points

• Legacy Private Trust Co. reduced its stake in Constellation Brands by 40.8%, now owning 6,239 shares valued at approximately $1,015,000.
• Constellation Brands reported lower earnings with a quarterly EPS of $3.22, missing estimates, and is forecasting FY 2026 EPS guidance between $12.600 and $12.900.
• The company announced a quarterly dividend of $1.02, yielding 3.0%, despite a negative dividend payout ratio of -170.71%.

Legacy Private Trust Co. cut its position in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 40.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,239 shares of the company's stock after selling 4,301 shares during the quarter. Legacy Private Trust Co.'s holdings in Constellation Brands were worth $1,015,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Constellation Brands by 18.6% in the first quarter. Vanguard Group Inc. now owns 18,417,604 shares of the company's stock worth $3,379,999,000 after buying an additional 2,882,817 shares during the period. Wellington Management Group LLP boosted its position in shares of Constellation Brands by 127.9% in the first quarter. Wellington Management Group LLP now owns 4,480,788 shares of the company's stock worth $822,314,000 after buying an additional 2,514,517 shares during the period. GAMMA Investing LLC boosted its position in shares of Constellation Brands by 7,602.6% in the first quarter. GAMMA Investing LLC now owns 396,220 shares of the company's stock worth $72,714,000 after buying an additional 391,076 shares during the period. Nuveen LLC purchased a new stake in shares of Constellation Brands in the first quarter worth about $63,377,000. Finally, DAVENPORT & Co LLC boosted its position in shares of Constellation Brands by 1,594.0% in the first quarter. DAVENPORT & Co LLC now owns 207,655 shares of the company's stock worth $38,132,000 after buying an additional 195,397 shares during the period. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP James O. Bourdeau sold 821 shares of the firm's stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $169.00, for a total value of $138,749.00. Following the sale, the executive vice president directly owned 9,438 shares in the company, valued at $1,595,022. This trade represents a 8.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.45% of the stock is currently owned by corporate insiders.

Constellation Brands Stock Down 2.9%

Shares of Constellation Brands stock opened at $135.38 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 0.68 and a debt-to-equity ratio of 1.30. The business's 50 day simple moving average is $163.86 and its 200-day simple moving average is $173.83. The stock has a market capitalization of $23.87 billion, a price-to-earnings ratio of -56.64, a PEG ratio of 0.42 and a beta of 0.67. Constellation Brands Inc has a twelve month low of $135.25 and a twelve month high of $261.06.

Constellation Brands (NYSE:STZ - Get Free Report) last posted its 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). 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 analyst estimates of $2.57 billion. During the same quarter in the prior year, the business earned $3.57 earnings per share. The firm's revenue 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 research analysts forecast that Constellation Brands Inc will post 13.5 earnings per share for the current year.

Constellation Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Wednesday, July 30th were given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 3.0%. The ex-dividend date was Wednesday, July 30th. Constellation Brands's dividend payout ratio (DPR) is currently -170.71%.

Wall Street Analyst Weigh In

STZ has been the subject of several analyst reports. Needham & Company LLC decreased their target price on Constellation Brands from $200.00 to $180.00 and set a "buy" rating for the company in a research report on Wednesday, September 3rd. Bank of America decreased their target price on Constellation Brands from $150.00 to $142.00 and set an "underperform" rating for the company in a research report on Wednesday, September 3rd. BNP Paribas downgraded Constellation Brands from a "hold" rating to a "strong sell" rating in a research report on Wednesday, September 3rd. Roth Capital reissued a "buy" rating and issued a $209.00 price target (down previously from $239.00) on shares of Constellation Brands in a report on Wednesday, September 3rd. Finally, Sanford C. Bernstein reduced their price target on Constellation Brands from $225.00 to $195.00 and set an "outperform" rating for the company in a report on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $192.28.

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.

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