Constellation Brands Inc $STZ Shares Sold by Mccarter Private Wealth Services LLC

Key Points

• Mccarter Private Wealth Services LLC reduced its stake in Constellation Brands Inc by 57.0%, now holding 3,009 shares valued at $552,000.
• Constellation Brands reported earnings of $3.22 per share for the latest quarter, missing expectations by $0.23 and showing a 5.5% revenue decline year-over-year.
• The company announced a quarterly dividend of $1.02 per share, representing an annual yield of 2.5%, while its dividend payout ratio stands at -170.71%.

Mccarter Private Wealth Services LLC trimmed its position in Constellation Brands Inc (NYSE:STZ - Free Report) by 57.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,009 shares of the company's stock after selling 3,992 shares during the quarter. Mccarter Private Wealth Services LLC's holdings in Constellation Brands were worth $552,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Minot DeBlois Advisors LLC acquired a new stake in Constellation Brands during the fourth quarter worth about $29,000. Optiver Holding B.V. acquired a new stake in Constellation Brands during the fourth quarter worth about $31,000. Laurel Wealth Advisors LLC acquired a new stake in Constellation Brands during the first quarter worth about $32,000. Rakuten Securities Inc. grew its holdings in Constellation Brands by 805.0% during the first quarter. Rakuten Securities Inc. now owns 181 shares of the company's stock worth $33,000 after acquiring an additional 161 shares during the period. Finally, Zions Bancorporation National Association UT acquired a new stake in Constellation Brands during the first quarter worth about $38,000. 77.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. The Goldman Sachs Group set a $225.00 target price on Constellation Brands and gave the stock a "buy" rating in a report on Friday, June 27th. JPMorgan Chase & Co. raised their target price on Constellation Brands from $170.00 to $182.00 and gave the stock a "neutral" rating in a report on Thursday, July 3rd. Barclays set a $202.00 price objective on Constellation Brands and gave the company an "overweight" rating in a report on Thursday, June 26th. Needham & Company LLC raised their price objective on Constellation Brands from $195.00 to $200.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Constellation Brands from $191.00 to $185.00 and set a "hold" rating on the stock in a report on Thursday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $213.74.

Constellation Brands Price Performance

Shares of NYSE:STZ traded up $2.5720 during trading on Friday, reaching $167.5020. The stock had a trading volume of 1,725,932 shares, compared to its average volume of 1,575,523. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.68 and a current ratio of 1.07. The business has a fifty day moving average price of $168.36 and a 200-day moving average price of $176.01. The stock has a market cap of $29.53 billion, a PE ratio of -70.08, a PEG ratio of 10.15 and a beta of 0.67. Constellation Brands Inc has a 1-year low of $159.35 and a 1-year high of $261.06.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its quarterly 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). The firm had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.57 billion. Constellation Brands had a positive return on equity of 31.41% and a negative net margin of 4.11%.The business's revenue was down 5.5% on a year-over-year basis. During the same period in the prior year, the firm earned $3.57 earnings per share. Constellation Brands has set its FY 2026 guidance at 12.600-12.900 EPS. On average, equities analysts forecast that Constellation Brands Inc will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Wednesday, July 30th were paid a $1.02 dividend. The ex-dividend date of this dividend was Wednesday, July 30th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.4%. Constellation Brands's payout ratio is currently -170.71%.

Insider Buying and Selling

In other Constellation Brands news, EVP James O. Bourdeau sold 821 shares of the business's stock in a transaction 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 transaction, the executive vice president owned 9,438 shares of the company's stock, valued at approximately $1,595,022. The trade was a 8.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 12.45% of the company's stock.

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.