Maple Capital Management Inc. Has $233,000 Stock Position in Constellation Brands Inc $STZ

Key Points

• Maple Capital Management Inc. significantly reduced its stake in Constellation Brands by 97.2% in the first quarter, leaving it with just 1,269 shares worth $233,000.
• Several institutional investors, including Laurel Wealth Advisors and Rakuten Securities, have either bought new stakes or increased their positions in Constellation Brands during the same quarter.
• Wall Street analysts have varying opinions on Constellation Brands' stock, with target price adjustments ranging from $170 to $205, indicating a mixed sentiment towards the company's future performance.

Maple Capital Management Inc. cut its holdings in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 97.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,269 shares of the company's stock after selling 44,510 shares during the period. Maple Capital Management Inc.'s holdings in Constellation Brands were worth $233,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Laurel Wealth Advisors LLC acquired a new stake in Constellation Brands during the first quarter valued at approximately $32,000. Rakuten Securities Inc. lifted its stake in Constellation Brands by 805.0% during the first quarter. Rakuten Securities Inc. now owns 181 shares of the company's stock valued at $33,000 after purchasing an additional 161 shares during the last quarter. Zions Bancorporation National Association UT acquired a new stake in Constellation Brands during the first quarter valued at approximately $38,000. Flaharty Asset Management LLC acquired a new stake in Constellation Brands during the first quarter valued at approximately $39,000. Finally, WPG Advisers LLC acquired a new stake in Constellation Brands during the first quarter valued at approximately $43,000. 77.34% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Constellation Brands

In other news, EVP James O. Bourdeau sold 821 shares of the stock in a transaction 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 transaction, 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 SEC, which can be accessed through this hyperlink. 12.45% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently commented on STZ shares. JPMorgan Chase & Co. increased their target price on shares of Constellation Brands from $170.00 to $182.00 and gave the company a "neutral" rating in a research note on Thursday, July 3rd. TD Cowen cut their target price on shares of Constellation Brands from $180.00 to $152.00 and set a "hold" rating for the company in a research note on Thursday, September 4th. Zacks Research downgraded shares of Constellation Brands from a "hold" rating to a "strong sell" rating in a research report on Tuesday, September 9th. Morgan Stanley reduced their price target on shares of Constellation Brands from $195.00 to $176.00 and set an "equal weight" rating for the company in a research report on Wednesday, September 3rd. Finally, Roth Capital restated a "buy" rating and issued a $209.00 price target (down previously from $239.00) on shares of Constellation Brands in a research report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $192.28.

Constellation Brands Stock Down 2.4%

STZ stock traded down $3.46 during midday trading on Friday, reaching $139.52. The company had a trading volume of 2,445,127 shares, compared to its average volume of 2,625,656. Constellation Brands Inc has a 1 year low of $139.45 and a 1 year high of $261.06. 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 company has a market capitalization of $24.60 billion, a P/E ratio of -58.38, a PEG ratio of 0.42 and a beta of 1.75. The company has a 50 day moving average of $164.56 and a two-hundred day moving average of $174.11.

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

Constellation Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Wednesday, July 30th were paid 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 -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.