Constellation Brands Inc $STZ Stock Position Reduced by TD Private Client Wealth LLC

Key Points

• TD Private Client Wealth LLC has reduced its stake in Constellation Brands by 70.3%, leaving it with only 1,020 shares worth approximately $166,000 at the end of the second quarter.
• Constellation Brands reported a negative net margin of 4.11% and missed analysts' earnings estimates, with quarterly results showing $3.22 EPS against an expected $3.45.
• The company recently declared a quarterly dividend of $1.02 per share, which results in an annualized yield of 3.1%.

TD Private Client Wealth LLC cut its stake in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 70.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,020 shares of the company's stock after selling 2,419 shares during the period. TD Private Client Wealth LLC's holdings in Constellation Brands were worth $166,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in STZ. Laurel Wealth Advisors LLC bought a new stake in Constellation Brands in the first quarter worth approximately $32,000. Rakuten Securities Inc. grew its position in Constellation Brands by 805.0% in the first quarter. Rakuten Securities Inc. now owns 181 shares of the company's stock worth $33,000 after acquiring an additional 161 shares in the last quarter. Zions Bancorporation National Association UT bought a new stake in Constellation Brands in the first quarter worth approximately $38,000. Flaharty Asset Management LLC bought a new stake in Constellation Brands in the first quarter worth approximately $39,000. Finally, Hoey Investments Inc. bought a new stake in Constellation Brands in the second quarter worth approximately $40,000. 77.34% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Constellation Brands news, EVP James O. Bourdeau sold 821 shares of the stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $169.00, for a total transaction of $138,749.00. Following the transaction, the executive vice president directly owned 9,438 shares in the company, valued at approximately $1,595,022. This represents a 8.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 12.45% of the company's stock.

Constellation Brands Stock Performance

NYSE:STZ opened at $132.42 on Monday. The company has a market capitalization of $23.34 billion, a PE ratio of -55.41, a P/E/G ratio of 0.40 and a beta of 0.67. The company has a 50 day simple moving average of $157.28 and a two-hundred day simple moving average of $170.81. 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 Inc has a fifty-two week low of $131.20 and a fifty-two week 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 for the quarter, missing analysts' consensus estimates of $3.45 by ($0.23). The firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.57 billion. Constellation Brands had a negative net margin of 4.11% and a positive return on equity of 31.41%. The business's revenue for the quarter was down 5.5% compared to the same quarter last year. During the same period in the prior year, the company posted $3.57 EPS. Constellation Brands has set its FY 2026 guidance at 12.600-12.900 EPS. Research analysts anticipate that Constellation Brands Inc will post 13.5 earnings per share for the current year.

Constellation Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Wednesday, July 30th were issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Wednesday, July 30th. Constellation Brands's dividend payout ratio is presently -170.71%.

Analyst Upgrades and Downgrades

Several analysts have commented on STZ shares. BNP Paribas Exane downgraded shares of Constellation Brands from a "neutral" rating to an "underperform" rating and set a $123.00 target price for the company. in a research report on Wednesday, September 3rd. BNP Paribas cut shares of Constellation Brands from a "hold" rating to a "strong sell" rating in a research note on Wednesday, September 3rd. Sanford C. Bernstein reduced their price objective on shares of Constellation Brands from $225.00 to $195.00 and set an "outperform" rating for the company in a research note on Thursday, September 4th. UBS Group boosted their price objective on shares of Constellation Brands from $195.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. Finally, Barclays restated an "equal weight" rating and issued a $150.00 price objective (down from $202.00) on shares of Constellation Brands in a research note on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $191.28.

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.

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