National Pension Service Reduces Stock Holdings in Constellation Brands Inc $STZ

Key Points

• National Pension Service cut its Constellation Brands stake by 62.1% in the second quarter, selling 250,299 shares and retaining 152,644 shares valued at approximately $21.2 million. Institutional investors collectively own 77.34% of the company.
• Constellation Brands shares opened at $122.51, near their 12-month low, after the company reported quarterly EPS of $3.43, below the $3.70 analyst consensus, while revenue of $2.43 billion exceeded estimates but declined 3.3% year over year.
• The company declared a quarterly dividend of $1.03 per share, equivalent to an annualized $4.12 payout and a 3.4% yield. Analysts maintain a consensus “Hold” rating with an average price target of $169.22.

National Pension Service cut its stake in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 62.1% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 152,644 shares of the company's stock after selling 250,299 shares during the period. National Pension Service owned approximately 0.09% of Constellation Brands worth $21,231,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Engineers Gate Manager LP purchased a new stake in shares of Constellation Brands during the second quarter valued at approximately $1,645,000. Cidel Asset Management Inc. boosted its stake in shares of Constellation Brands by 12.2% in the second quarter. Cidel Asset Management Inc. now owns 1,921 shares of the company's stock valued at $267,000 after purchasing an additional 209 shares during the period. Integrated Wealth Concepts LLC boosted its stake in shares of Constellation Brands by 11.4% in the second quarter. Integrated Wealth Concepts LLC now owns 10,631 shares of the company's stock valued at $1,479,000 after purchasing an additional 1,090 shares during the period. NewEdge Advisors LLC grew its holdings in Constellation Brands by 8.4% during the 2nd quarter. NewEdge Advisors LLC now owns 33,106 shares of the company's stock valued at $4,605,000 after purchasing an additional 2,552 shares in the last quarter. Finally, Baird Financial Group Inc. grew its holdings in Constellation Brands by 3.6% during the 2nd quarter. Baird Financial Group Inc. now owns 63,084 shares of the company's stock valued at $8,774,000 after purchasing an additional 2,180 shares in the last quarter. Hedge funds and other institutional investors own 77.34% of the company's stock.

Constellation Brands Stock Down 1.1%

Shares of NYSE:STZ opened at $122.51 on Friday. The firm has a market cap of $20.92 billion, a PE ratio of 11.69, a price-to-earnings-growth ratio of 2.31 and a beta of 0.41. The company has a fifty day simple moving average of $131.41 and a 200 day simple moving average of $143.00. The company has a current ratio of 0.91, a quick ratio of 0.48 and a debt-to-equity ratio of 1.06. Constellation Brands Inc has a 12-month low of $120.25 and a 12-month high of $168.60.

Constellation Brands (NYSE:STZ - Get Free Report) last posted its quarterly earnings data on Tuesday, June 30th. The company reported $3.43 EPS for the quarter, missing analysts' consensus estimates of $3.70 by ($0.27). The company had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.39 billion. Constellation Brands had a net margin of 18.87% and a return on equity of 25.58%. The company's revenue was down 3.3% compared to the same quarter last year. During the same quarter last year, the company earned $3.22 earnings per share. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. On average, equities research analysts anticipate that Constellation Brands Inc will post 11.84 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, July 30th were given a dividend of $1.03 per share. The ex-dividend date of this dividend was Thursday, July 30th. This represents a $4.12 annualized dividend and a dividend yield of 3.4%. Constellation Brands's dividend payout ratio (DPR) is presently 39.31%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Bank of America dropped their price target on shares of Constellation Brands from $152.00 to $145.00 and set an "underperform" rating on the stock in a research note on Thursday, July 2nd. Citigroup reissued a "buy" rating on shares of Constellation Brands in a research report on Monday, May 18th. Jefferies Financial Group set a $147.00 target price on Constellation Brands in a research note on Thursday, July 2nd. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $185.00 target price on shares of Constellation Brands in a research report on Thursday, July 2nd. Finally, BMO Capital Markets reiterated an "outperform" rating and issued a $190.00 price target on shares of Constellation Brands in a research note on Thursday, July 2nd. Eleven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $169.22.

Constellation Brands Profile

Constellation Brands, Inc NYSE: STZ is a beverage alcohol company that produces, markets and distributes beer, wine and spirits. Its portfolio includes well-known beer brands such as Corona Extra, Modelo Especial, Modelo Negra, Pacifico and Victoria, along with wine brands including Robert Mondavi, The Prisoner, Kim Crawford and Meiomi. Its spirits portfolio includes brands such as Casa Noble tequila and High West whiskey.

The company's beer business is focused primarily on the United States, where Constellation markets and sells Mexican beer brands brewed by its production operations in Mexico.

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