Howe & Rusling Inc. Has $2.96 Million Position in Constellation Brands Inc $STZ

Key Points

• Howe & Rusling Inc. has reduced its stake in Constellation Brands Inc. by 71%, holding 16,119 shares worth approximately $2.96 million after selling 39,495 shares in the first quarter.
• Institutional ownership is significant, with 77.34% of Constellation Brands' stock held by institutional investors and several firms, including Vanguard and Wellington, increasing their holdings substantially in the same quarter.
• Constellation Brands reported a Q2 EPS of $3.22, missing estimates by $0.23, while revenue decreased by 5.5% year-over-year, prompting analysts to adjust their price targets for the stock.

Howe & Rusling Inc. lessened its position in Constellation Brands Inc (NYSE:STZ - Free Report) by 71.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,119 shares of the company's stock after selling 39,495 shares during the period. Howe & Rusling Inc.'s holdings in Constellation Brands were worth $2,958,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of STZ. Vanguard Group Inc. increased its holdings in Constellation Brands by 18.6% in 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 in the last quarter. Wellington Management Group LLP increased its holdings in Constellation Brands by 127.9% in the 1st quarter. Wellington Management Group LLP now owns 4,480,788 shares of the company's stock worth $822,314,000 after purchasing an additional 2,514,517 shares in the last quarter. GAMMA Investing LLC increased its holdings in Constellation Brands by 7,602.6% in the 1st quarter. GAMMA Investing LLC now owns 396,220 shares of the company's stock worth $72,714,000 after purchasing an additional 391,076 shares in the last quarter. Nuveen LLC acquired a new position in Constellation Brands in the 1st quarter worth about $63,377,000. Finally, DAVENPORT & Co LLC increased its holdings in Constellation Brands by 1,594.0% in the 1st quarter. DAVENPORT & Co LLC now owns 207,655 shares of the company's stock worth $38,132,000 after purchasing an additional 195,397 shares in the last quarter. Institutional investors and hedge funds own 77.34% of the company's stock.

Insider Activity at Constellation Brands

In related news, EVP James O. Bourdeau sold 821 shares of the company's stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $169.00, for a total transaction of $138,749.00. Following the sale, the executive vice president owned 9,438 shares in the company, valued at $1,595,022. This represents a 8.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 12.45% of the stock is currently owned by insiders.

Constellation Brands Stock Down 0.0%

Shares of Constellation Brands stock opened at $142.89 on Friday. Constellation Brands Inc has a one year low of $142.25 and a one year high of $261.06. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.07 and a quick ratio of 0.68. The stock's 50-day moving average is $165.22 and its 200 day moving average is $174.40. The firm has a market cap of $25.19 billion, a price-to-earnings ratio of -59.79, a PEG ratio of 0.43 and a beta of 0.67.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its earnings results on Tuesday, July 1st. The company reported $3.22 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 the consensus estimate of $2.57 billion. During the same quarter in the previous year, the company earned $3.57 EPS. The firm's revenue for the quarter 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 research analysts anticipate that Constellation Brands Inc will post 13.5 EPS for the current year.

Constellation Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Wednesday, July 30th were given a dividend of $1.02 per share. The ex-dividend date was Wednesday, July 30th. This represents a $4.08 annualized dividend and a dividend yield of 2.9%. Constellation Brands's dividend payout ratio is presently -170.71%.

Analyst Ratings Changes

A number of brokerages have issued reports on STZ. BMO Capital Markets lowered their target price on Constellation Brands from $215.00 to $190.00 and set an "outperform" rating for the company in a report on Thursday, September 4th. Jefferies Financial Group reduced their price target on Constellation Brands from $205.00 to $179.00 and set a "buy" rating on the stock in a research report on Wednesday, September 3rd. UBS Group upped their price target on Constellation Brands from $195.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. Zacks Research lowered Constellation Brands from a "hold" rating to a "strong sell" rating in a research report on Tuesday. Finally, Cowen reiterated a "hold" rating on shares of Constellation Brands in a research report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $194.36.

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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