Glenview Trust co Purchases 4,421 Shares of Constellation Brands Inc $STZ

Key Points

• Glenview Trust co increased its stake in Constellation Brands Inc (NYSE:STZ) by 6.8%, acquiring an additional 4,421 shares during the first quarter, bringing its total holdings to 69,427 shares worth approximately $12.74 million.
• Major institutional investors, including Vanguard Group and Wellington Management, significantly increased their positions in Constellation Brands during the same period, collectively holding 77.34% of the stock.
• Constellation Brands reported earnings per share of $3.22 for the last quarter, missing analysts' expectations, with revenue decreasing by 5.5% year-over-year.

Glenview Trust co raised its stake in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 6.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 69,427 shares of the company's stock after purchasing an additional 4,421 shares during the period. Glenview Trust co's holdings in Constellation Brands were worth $12,741,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of STZ. Vanguard Group Inc. raised its position in Constellation Brands by 18.6% during the 1st quarter. Vanguard Group Inc. now owns 18,417,604 shares of the company's stock worth $3,379,999,000 after purchasing an additional 2,882,817 shares during the last quarter. Wellington Management Group LLP grew its holdings in Constellation Brands by 127.9% during the 1st quarter. Wellington Management Group LLP now owns 4,480,788 shares of the company's stock worth $822,314,000 after acquiring an additional 2,514,517 shares during the period. GAMMA Investing LLC grew its holdings in Constellation Brands by 7,602.6% during the 1st quarter. GAMMA Investing LLC now owns 396,220 shares of the company's stock worth $72,714,000 after acquiring an additional 391,076 shares during the period. Nuveen LLC acquired a new stake in Constellation Brands during the 1st quarter worth about $63,377,000. Finally, DAVENPORT & Co LLC grew its holdings in Constellation Brands by 1,594.0% during the 1st quarter. DAVENPORT & Co LLC now owns 207,655 shares of the company's stock worth $38,132,000 after acquiring an additional 195,397 shares during the period. 77.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on STZ. Wells Fargo & Company decreased their price target on Constellation Brands from $196.00 to $170.00 and set an "overweight" rating for the company in a report on Wednesday, September 3rd. Barclays set a $202.00 target price on Constellation Brands and gave the company an "overweight" rating in a research note on Thursday, June 26th. BMO Capital Markets reduced their target price on Constellation Brands from $215.00 to $190.00 and set an "outperform" rating for the company in a research note on Thursday, September 4th. Wall Street Zen upgraded Constellation Brands from a "sell" rating to a "hold" rating in a research note on Tuesday, May 20th. Finally, JPMorgan Chase & Co. raised their target price on Constellation Brands from $170.00 to $182.00 and gave the company a "neutral" rating in a research note on Thursday, July 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $194.36.

Insider Buying and Selling at Constellation Brands

In related news, EVP James O. Bourdeau sold 821 shares of Constellation Brands stock in a transaction 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 completion of the sale, the executive vice president owned 9,438 shares of the company's stock, valued at approximately $1,595,022. This trade represents a 8.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 12.45% of the company's stock.

Constellation Brands Stock Down 0.1%

Constellation Brands stock opened at $145.98 on Wednesday. Constellation Brands Inc has a 1-year low of $144.58 and a 1-year high of $261.06. The firm has a market capitalization of $25.73 billion, a price-to-earnings ratio of -61.08, a P/E/G ratio of 0.44 and a beta of 0.67. 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 firm has a 50 day simple moving average of $166.44 and a 200 day simple moving average of $174.87.

Constellation Brands (NYSE:STZ - Get Free Report) last released its quarterly earnings data 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). 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 analysts' expectations of $2.57 billion. During the same quarter in the prior year, the firm posted $3.57 earnings per share. The firm's quarterly 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. On average, analysts predict that Constellation Brands Inc will post 13.5 earnings per share for the current year.

Constellation Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Wednesday, July 30th were issued a $1.02 dividend. The ex-dividend date of this dividend was Wednesday, July 30th. This represents a $4.08 annualized dividend and a dividend yield of 2.8%. Constellation Brands's dividend payout ratio is presently -170.71%.

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.

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