MassMutual Private Wealth & Trust FSB Sells 25,882 Shares of Constellation Brands Inc $STZ

Key Points

• MassMutual Private Wealth & Trust FSB significantly reduced its stake in Constellation Brands, selling 25,882 shares to hold only 545 shares, representing a 97.9% decrease in ownership.
• Several institutional investors, including Vanguard Group Inc. and Wellington Management Group LLP, increased their positions in Constellation Brands, indicating a shift in investor sentiment towards the company.
• Constellation Brands reported a missed earnings estimate of $3.22 EPS for the quarter, falling short of the consensus estimate of $3.45 EPS, alongside a decrease in revenue of 5.5% year-over-year.

MassMutual Private Wealth & Trust FSB trimmed its stake in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 97.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 545 shares of the company's stock after selling 25,882 shares during the quarter. MassMutual Private Wealth & Trust FSB's holdings in Constellation Brands were worth $89,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Constellation Brands by 18.6% during the first quarter. Vanguard Group Inc. now owns 18,417,604 shares of the company's stock worth $3,379,999,000 after buying an additional 2,882,817 shares in the last quarter. Wellington Management Group LLP grew its position in Constellation Brands by 127.9% during the first quarter. Wellington Management Group LLP now owns 4,480,788 shares of the company's stock worth $822,314,000 after buying an additional 2,514,517 shares in the last quarter. GAMMA Investing LLC grew its position in Constellation Brands by 7,602.6% during the first quarter. GAMMA Investing LLC now owns 396,220 shares of the company's stock worth $72,714,000 after buying an additional 391,076 shares in the last quarter. Nuveen LLC purchased a new position in Constellation Brands during the first quarter worth about $63,377,000. Finally, DAVENPORT & Co LLC grew its position in Constellation Brands by 1,594.0% during the first quarter. DAVENPORT & Co LLC now owns 207,655 shares of the company's stock worth $38,132,000 after buying an additional 195,397 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors.

Insider Activity

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 stock was 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 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 filing with the Securities & Exchange Commission, which is available at this link. 12.45% of the stock is owned by company insiders.

Analyst Ratings Changes

STZ has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reduced their target price on Constellation Brands from $182.00 to $158.00 and set a "hold" rating for the company in a research report on Wednesday, September 3rd. Sanford C. Bernstein lowered their price target on Constellation Brands from $225.00 to $195.00 and set an "outperform" rating for the company in a research report on Thursday, September 4th. TD Cowen decreased their target price on Constellation Brands from $180.00 to $152.00 and set a "hold" rating for the company in a research report on Thursday, September 4th. Zacks Research lowered Constellation Brands from a "hold" rating to a "strong sell" rating in a research report on Tuesday, September 9th. Finally, Roth Capital reaffirmed a "buy" rating and set a $209.00 price objective (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 assigned a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $192.28.

Constellation Brands Trading Down 0.1%

Shares of STZ stock opened at $132.91 on Friday. Constellation Brands Inc has a 12-month low of $131.82 and a 12-month 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 stock's 50-day moving average price is $160.84 and its 200-day moving average price is $172.71. The stock has a market capitalization of $23.43 billion, a price-to-earnings ratio of -55.61, a price-to-earnings-growth ratio of 0.40 and a beta of 0.67.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its earnings results 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 firm had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.57 billion. Constellation Brands had a positive return on equity of 31.41% and a negative net margin of 4.11%.The company's revenue for the quarter was down 5.5% compared to the same quarter last year. During the same period last year, the firm posted $3.57 earnings per share. Constellation Brands has set its FY 2026 guidance at 12.600-12.900 EPS. Equities research analysts predict that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Wednesday, July 30th were given a $1.02 dividend. The ex-dividend date was Wednesday, July 30th. This represents a $4.08 annualized dividend and a yield of 3.1%. Constellation Brands's dividend payout ratio (DPR) is currently -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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