Corient Private Wealth LP Sells 9,081 Shares of Constellation Brands Inc $STZ

Corient Private Wealth LP trimmed its position in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 37.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,354 shares of the company's stock after selling 9,081 shares during the period. Corient Private Wealth LP's holdings in Constellation Brands were worth $2,136,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Capital International Investors increased its stake in shares of Constellation Brands by 48.5% during the 4th quarter. Capital International Investors now owns 6,442,600 shares of the company's stock worth $888,930,000 after purchasing an additional 2,105,546 shares during the last quarter. Norges Bank bought a new stake in Constellation Brands in the fourth quarter valued at approximately $267,798,000. Nykredit A S acquired a new stake in shares of Constellation Brands in the second quarter valued at approximately $83,687,000. Capital World Investors lifted its position in shares of Constellation Brands by 8.3% in the fourth quarter. Capital World Investors now owns 7,238,575 shares of the company's stock valued at $998,740,000 after buying an additional 553,974 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of Constellation Brands by 11.0% during the 4th quarter. Van ECK Associates Corp now owns 2,397,275 shares of the company's stock worth $330,728,000 after acquiring an additional 237,073 shares during the period. Institutional investors and hedge funds own 77.34% of the company's stock.

Constellation Brands Stock Down 1.0%

STZ opened at $116.36 on Thursday. Constellation Brands Inc has a fifty-two week low of $115.50 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 $19.87 billion, a P/E ratio of 11.10, a P/E/G ratio of 2.33 and a beta of 0.41. The stock has a fifty day moving average of $129.60 and a 200-day moving average of $140.95.

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

Constellation Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th were issued a $1.03 dividend. The ex-dividend date of this dividend was Thursday, July 30th. This represents a $4.12 annualized dividend and a yield of 3.5%. Constellation Brands's payout ratio is currently 39.31%.

Analyst Ratings Changes

STZ has been the topic of a number of recent analyst reports. TD Cowen decreased their target price on Constellation Brands from $174.00 to $150.00 and set a "buy" rating on the stock in a report on Thursday, September 17th. Piper Sandler reaffirmed a "neutral" rating and set a $160.00 price objective on shares of Constellation Brands in a research report on Wednesday, July 1st. BNP Paribas Exane decreased their price objective on shares of Constellation Brands from $117.00 to $115.00 and set an "underperform" rating on the stock in a report on Thursday, July 2nd. Citigroup cut their target price on shares of Constellation Brands from $185.00 to $165.00 and set a "buy" rating for the company in a research note on Tuesday. Finally, Raymond James Financial set a $150.00 target price on shares of Constellation Brands in a report on Thursday, September 17th. Twelve research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Constellation Brands currently has a consensus rating of "Hold" and a consensus price target of $161.90.

Constellation Brands Profile

Constellation Brands, Inc NYSE: STZ is a beverage alcohol company that produces, markets and distributes beer, wine and spirits. Its portfolio includes well-known beer brands such as Corona Extra, Modelo Especial, Modelo Negra, Pacifico and Victoria, along with wine brands including Robert Mondavi, The Prisoner, Kim Crawford and Meiomi. Its spirits portfolio includes brands such as Casa Noble tequila and High West whiskey.

The company's beer business is focused primarily on the United States, where Constellation markets and sells Mexican beer brands brewed by its production operations in Mexico.

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