Jacobs & Co. CA Sells 9,022 Shares of Constellation Brands Inc $STZ

Key Points

• Jacobs & Co. CA reduced its stake in Constellation Brands by 26.9% during Q2, selling 9,022 shares and leaving them with 24,578 shares valued at approximately $3,998,000.
• Constellation Brands' stock has faced a downward revision in price targets from multiple analysts, with TD Cowen lowering its target from $180.00 to $152.00 and maintaining a "hold" rating.
• The company recently declared a $1.02 quarterly dividend, which equates to an annualized yield of 2.9%, despite a negative payout ratio of -170.71%.

Jacobs & Co. CA lessened its position in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 26.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,578 shares of the company's stock after selling 9,022 shares during the period. Jacobs & Co. CA's holdings in Constellation Brands were worth $3,998,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Confluence Investment Management LLC boosted its holdings in shares of Constellation Brands by 1.5% during the second quarter. Confluence Investment Management LLC now owns 143,508 shares of the company's stock worth $23,346,000 after acquiring an additional 2,135 shares during the period. Harbor Investment Advisory LLC boosted its holdings in shares of Constellation Brands by 40.8% during the second quarter. Harbor Investment Advisory LLC now owns 1,094 shares of the company's stock worth $178,000 after acquiring an additional 317 shares during the period. AG2R LA Mondiale Gestion D Actifs bought a new stake in shares of Constellation Brands during the first quarter worth approximately $1,190,000. First Hawaiian Bank boosted its holdings in shares of Constellation Brands by 12.8% during the first quarter. First Hawaiian Bank now owns 3,864 shares of the company's stock worth $709,000 after acquiring an additional 438 shares during the period. Finally, Invst LLC bought a new stake in shares of Constellation Brands during the first quarter worth approximately $1,366,000. Institutional investors own 77.34% of the company's stock.

Insider Buying and Selling

In other Constellation Brands news, EVP James O. Bourdeau sold 821 shares of the business's stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $169.00, for a total transaction of $138,749.00. Following the completion of the transaction, the executive vice president directly owned 9,438 shares in the company, valued at $1,595,022. The trade was a 8.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 12.45% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

STZ has been the subject of a number of research analyst reports. CJS Securities reduced their price objective on Constellation Brands from $196.00 to $194.00 in a report on Monday, May 19th. TD Cowen cut their price target on Constellation Brands from $180.00 to $152.00 and set a "hold" rating for the company in a research note on Thursday, September 4th. Sanford C. Bernstein cut their price target on Constellation Brands from $225.00 to $195.00 and set an "outperform" rating for the company in a research note on Thursday, September 4th. Jefferies Financial Group cut their price target on Constellation Brands from $205.00 to $179.00 and set a "buy" rating for the company in a research note on Wednesday, September 3rd. Finally, The Goldman Sachs Group cut their price target on Constellation Brands from $225.00 to $196.00 and set a "buy" rating for the company in a research note on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, Constellation Brands has a consensus rating of "Hold" and an average target price of $192.28.

Constellation Brands Stock Down 2.4%

Shares of STZ opened at $139.52 on Friday. Constellation Brands Inc has a one year low of $139.45 and a one year high of $261.06. The company has a market cap of $24.60 billion, a P/E ratio of -58.38, a P/E/G ratio of 0.43 and a beta of 0.67. 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 firm has a 50 day simple moving average of $164.56 and a two-hundred day simple moving average of $174.13.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the prior year, the firm earned $3.57 earnings per share. 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. Research analysts forecast that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

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

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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