Constellation Brands Inc $STZ Shares Sold by Northwestern Mutual Wealth Management Co.

Key Points

• Northwestern Mutual Wealth Management Co. reduced its stake in Constellation Brands Inc by 88.0% in the first quarter, now holding just 24,024 shares valued at $4,409,000.
• In recent analyst reports, Jefferies Financial Group upgraded Constellation Brands to a "buy" rating, raising its price target from $194.00 to $205.00, while other analysts have varied their evaluations from "overweight" to "hold."
• Constellation Brands announced a quarterly dividend of $1.02 per share, amounting to an annualized dividend of $4.08, reflecting a dividend yield of 2.5% despite a negative payout ratio.

Northwestern Mutual Wealth Management Co. trimmed its holdings in Constellation Brands Inc (NYSE:STZ - Free Report) by 88.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,024 shares of the company's stock after selling 176,823 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in Constellation Brands were worth $4,409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in STZ. Harbor Capital Advisors Inc. grew its holdings in Constellation Brands by 36.4% during the first quarter. Harbor Capital Advisors Inc. now owns 3,051 shares of the company's stock valued at $560,000 after purchasing an additional 815 shares during the period. Golden State Wealth Management LLC increased its stake in Constellation Brands by 137.0% in the 1st quarter. Golden State Wealth Management LLC now owns 2,204 shares of the company's stock worth $405,000 after purchasing an additional 1,274 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in Constellation Brands by 28.9% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 7,360 shares of the company's stock valued at $1,351,000 after purchasing an additional 1,651 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Constellation Brands by 7.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 17,206 shares of the company's stock valued at $3,180,000 after purchasing an additional 1,185 shares during the period. Finally, Bessemer Group Inc. grew its holdings in shares of Constellation Brands by 3.0% during the 1st quarter. Bessemer Group Inc. now owns 2,242 shares of the company's stock worth $412,000 after acquiring an additional 65 shares during the period. 77.34% of the stock is owned by institutional investors and hedge funds.

Constellation Brands Price Performance

Shares of Constellation Brands stock traded up $2.73 during trading hours on Friday, reaching $161.82. The stock had a trading volume of 1,773,426 shares, compared to its average volume of 1,810,508. Constellation Brands Inc has a twelve month low of $156.17 and a twelve month high of $261.06. 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 stock's 50 day moving average is $168.32 and its 200 day moving average is $175.79. The firm has a market capitalization of $28.53 billion, a PE ratio of -67.71, a PEG ratio of 0.44 and a beta of 0.67.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $2.57 billion. During the same period in the prior year, the company posted $3.57 EPS. The firm's revenue was down 5.5% on a year-over-year basis. 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 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Wednesday, July 30th were given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, July 30th. Constellation Brands's dividend payout ratio (DPR) is presently -170.71%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on STZ shares. Wells Fargo & Company lowered their price objective on Constellation Brands from $210.00 to $196.00 and set an "overweight" rating on the stock in a research report on Wednesday, June 25th. Roth Capital decreased their price target on Constellation Brands from $256.00 to $239.00 and set a "buy" rating on the stock in a report on Tuesday, May 20th. Truist Financial upgraded Constellation Brands from a "hold" rating to a "buy" rating and raised their price objective for the company from $190.00 to $215.00 in a research report on Wednesday, May 7th. Deutsche Bank Aktiengesellschaft cut their price objective on Constellation Brands from $191.00 to $185.00 and set a "hold" rating for the company in a research report on Thursday, June 5th. Finally, Piper Sandler raised their price objective on Constellation Brands from $165.00 to $170.00 and gave the company a "neutral" rating in a research report on Friday, June 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $212.35.

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 shares were sold at an average price of $169.00, for a total value of $138,749.00. Following the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 12.45% of the stock is currently owned by insiders.

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.