Constellation Brands Inc $STZ Shares Sold by Quantitative Investment Management LLC

Key Points

• Quantitative Investment Management LLC cut its Constellation Brands position by 44.7% in the second quarter, selling 11,811 shares and retaining 14,641 shares valued at approximately $2.04 million. Institutional investors collectively own 77.34% of STZ.
• Analyst sentiment is mixed, with 11 Buy, nine Hold, and two Sell ratings, producing a consensus “Hold” rating and a $167.53 price target. Recent targets range from $132 to $209.
• Constellation Brands reported quarterly EPS of $3.43, below the $3.70 consensus, while revenue of $2.43 billion exceeded expectations but declined 3.3% year over year. The company pays a quarterly dividend of $1.03 per share, implying a 3.2% annual yield.

Quantitative Investment Management LLC trimmed its position in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 44.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,641 shares of the company's stock after selling 11,811 shares during the period. Quantitative Investment Management LLC's holdings in Constellation Brands were worth $2,036,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. HM Payson & Co. grew its holdings in Constellation Brands by 10.0% during the 4th quarter. HM Payson & Co. now owns 701 shares of the company's stock worth $97,000 after acquiring an additional 64 shares in the last quarter. Clearstead Trust LLC grew its stake in shares of Constellation Brands by 14.2% during the fourth quarter. Clearstead Trust LLC now owns 548 shares of the company's stock worth $76,000 after purchasing an additional 68 shares in the last quarter. Johnson Financial Group Inc. increased its holdings in Constellation Brands by 24.9% in the fourth quarter. Johnson Financial Group Inc. now owns 346 shares of the company's stock valued at $48,000 after buying an additional 69 shares during the last quarter. HB Wealth Management LLC increased its holdings in Constellation Brands by 0.7% in the first quarter. HB Wealth Management LLC now owns 10,795 shares of the company's stock valued at $1,619,000 after buying an additional 72 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in Constellation Brands by 5.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,338 shares of the company's stock valued at $188,000 after buying an additional 74 shares in the last quarter. Institutional investors and hedge funds own 77.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on STZ shares. UBS Group decreased their price target on Constellation Brands from $186.00 to $175.00 and set a "buy" rating for the company in a report on Wednesday, June 17th. Roth Capital reissued a "buy" rating and set a $209.00 target price on shares of Constellation Brands in a research report on Thursday, July 2nd. Barclays decreased their target price on Constellation Brands from $139.00 to $132.00 and set an "equal weight" rating for the company in a research note on Tuesday, July 21st. Jefferies Financial Group set a $147.00 price target on Constellation Brands in a report on Thursday, July 2nd. Finally, Piper Sandler reiterated a "neutral" rating and issued a $160.00 price target on shares of Constellation Brands in a research note on Wednesday, July 1st. Eleven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $167.53.

Constellation Brands Stock Down 0.1%

Constellation Brands stock opened at $130.54 on Tuesday. Constellation Brands Inc has a fifty-two week low of $126.45 and a fifty-two week high of $168.60. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.48 and a current ratio of 0.91. The company has a market capitalization of $22.29 billion, a P/E ratio of 12.46, a PEG ratio of 4.07 and a beta of 0.40. The stock has a 50-day simple moving average of $134.08 and a 200-day simple moving average of $144.78.

Constellation Brands (NYSE:STZ - Get Free Report) last released its quarterly earnings results on Tuesday, June 30th. The company reported $3.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.70 by ($0.27). The firm had revenue of $2.43 billion for the quarter, compared to analysts' expectations of $2.39 billion. Constellation Brands had a return on equity of 25.58% and a net margin of 18.87%.The company's quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.22 EPS. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. Equities research analysts expect that Constellation Brands Inc will post 11.84 earnings per share for the current year.

Constellation Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, July 30th were given a dividend of $1.03 per share. The ex-dividend date was Thursday, July 30th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.2%. Constellation Brands's dividend payout ratio (DPR) is 39.31%.

Constellation Brands Profile

Constellation Brands, Inc is a leading producer and marketer of beer, wine and spirits, with operations spanning production, importation, marketing and distribution. The company's beverage portfolio includes a range of premium and mainstream wines and spirits alongside major imported beer brands; in the U.S. market Constellation is widely known for its role in bringing Mexican imports such as Corona and Modelo to American consumers. Constellation supplies retail, on‑premise and foodservice channels and supports its brands with national sales and marketing platforms and supply‑chain capabilities.

The company traces its roots to the Canandaigua Wine Company, founded by Marvin Sands in 1945, and evolved through organic growth and acquisition into a diversified beverage company.

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