Ieq Capital LLC Sells 2,128 Shares of Constellation Brands Inc $STZ

Key Points

• Ieq Capital LLC has reduced its stake in Constellation Brands Inc by 21.9%, bringing its total holdings to 7,606 shares worth approximately $1,396,000.
• A significant shift in investment activity includes purchases by several hedge funds, contributing to a total of 77.34% institutional ownership in Constellation Brands.
• Constellation Brands reported Q1 earnings of $3.22 EPS, missing estimates, and recently declared a quarterly dividend of $1.02 per share, representing a 2.5% yield.

Ieq Capital LLC decreased its stake in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 21.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 7,606 shares of the company's stock after selling 2,128 shares during the period. Ieq Capital LLC's holdings in Constellation Brands were worth $1,396,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Ally Financial Inc. grew its holdings in Constellation Brands by 25.0% in the 1st quarter. Ally Financial Inc. now owns 5,000 shares of the company's stock valued at $918,000 after buying an additional 1,000 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Constellation Brands by 12.8% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 16,170 shares of the company's stock valued at $2,968,000 after buying an additional 1,829 shares during the last quarter. Quantitative Investment Management LLC acquired a new stake in Constellation Brands in the 1st quarter valued at approximately $11,975,000. Cadence Bank grew its holdings in Constellation Brands by 0.5% in the 1st quarter. Cadence Bank now owns 37,212 shares of the company's stock valued at $6,829,000 after buying an additional 182 shares during the last quarter. Finally, Allstate Corp grew its holdings in Constellation Brands by 81.1% in the 1st quarter. Allstate Corp now owns 9,026 shares of the company's stock valued at $1,656,000 after buying an additional 4,041 shares during the last quarter. Institutional investors and hedge funds own 77.34% of the company's stock.

Constellation Brands Price Performance

STZ traded down $0.59 during trading on Thursday, hitting $145.90. The company's stock had a trading volume of 2,757,260 shares, compared to its average volume of 2,425,900. The firm's 50 day moving average price is $167.74 and its two-hundred day moving average price is $175.50. The company has a quick ratio of 0.68, a current ratio of 1.07 and a debt-to-equity ratio of 1.30. Constellation Brands Inc has a 12 month low of $144.81 and a 12 month high of $261.06. The stock has a market capitalization of $25.72 billion, a price-to-earnings ratio of -61.05, a price-to-earnings-growth ratio of 0.44 and a beta of 0.67.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its quarterly earnings data on Tuesday, July 1st. The company reported $3.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.45 by ($0.23). The business had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.57 billion. Constellation Brands had a negative net margin of 4.11% and a positive return on equity of 31.41%. The company's revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.57 EPS. Constellation Brands has set its FY 2026 guidance at 12.600-12.900 EPS. Sell-side analysts forecast that Constellation Brands Inc will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

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

Wall Street Analysts Forecast Growth

STZ has been the topic of a number of research analyst reports. Wells Fargo & Company lowered their target price on Constellation Brands from $196.00 to $170.00 and set an "overweight" rating on the stock in a report on Wednesday. Deutsche Bank Aktiengesellschaft reduced their price objective on Constellation Brands from $182.00 to $158.00 and set a "hold" rating for the company in a research report on Wednesday. BMO Capital Markets reduced their price objective on Constellation Brands from $215.00 to $190.00 and set an "outperform" rating for the company in a research report on Thursday. BNP Paribas downgraded Constellation Brands from a "hold" rating to a "strong sell" rating in a research report on Wednesday. Finally, The Goldman Sachs Group reduced their price objective on Constellation Brands from $225.00 to $196.00 and set a "buy" rating for the company in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $194.36.

Insider Buying and Selling

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 value of $138,749.00. Following the completion of the sale, the executive vice president owned 9,438 shares in the company, valued at approximately $1,595,022. This represents a 8.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 12.45% of the company's stock.

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.