Constellation Brands Inc $STZ Shares Sold by Parallel Advisors LLC

Key Points

• Parallel Advisors LLC has reduced its stake in Constellation Brands by 20.6%, selling 2,361 shares during the second quarter, and now holds approximately $1.48 million worth of the stock.
• Multiple hedge funds have shown activity regarding Constellation Brands, with significant stake increases, including Rakuten Securities, which boosted its position by 805% in the first quarter.
• Analysts have lowered their price targets for Constellation Brands, with Goldman Sachs reducing its target from $225 to $196, reflecting a cautious outlook amid the company's declining revenue and earnings.

Parallel Advisors LLC lessened its holdings in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 20.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,123 shares of the company's stock after selling 2,361 shares during the quarter. Parallel Advisors LLC's holdings in Constellation Brands were worth $1,484,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Piscataqua Savings Bank increased its position in Constellation Brands by 1.7% during the 1st quarter. Piscataqua Savings Bank now owns 3,720 shares of the company's stock valued at $683,000 after buying an additional 62 shares in the last quarter. Strategic Financial Concepts LLC increased its position in Constellation Brands by 5.8% during the 1st quarter. Strategic Financial Concepts LLC now owns 1,128 shares of the company's stock valued at $207,000 after buying an additional 62 shares in the last quarter. World Investment Advisors increased its position in Constellation Brands by 1.7% during the 1st quarter. World Investment Advisors now owns 3,801 shares of the company's stock valued at $698,000 after buying an additional 62 shares in the last quarter. Moody National Bank Trust Division increased its position in Constellation Brands by 0.9% during the 1st quarter. Moody National Bank Trust Division now owns 6,991 shares of the company's stock valued at $1,283,000 after buying an additional 64 shares in the last quarter. Finally, Bessemer Group Inc. grew its stake in Constellation Brands by 3.0% during the 1st quarter. Bessemer Group Inc. now owns 2,242 shares of the company's stock valued at $412,000 after purchasing an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 77.34% of the company's stock.

Insider Activity

In other Constellation Brands news, EVP James O. Bourdeau sold 821 shares of the firm's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $169.00, for a total value of $138,749.00. Following the sale, the executive vice president directly owned 9,438 shares in the company, valued at $1,595,022. This trade represents a 8.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 12.45% of the company's stock.

Constellation Brands Stock Down 0.1%

Shares of NYSE STZ traded down $0.11 during mid-day trading on Friday, hitting $132.91. The company had a trading volume of 6,143,252 shares, compared to its average volume of 2,866,192. The company has a market capitalization of $23.43 billion, a PE ratio of -55.61, a price-to-earnings-growth ratio of 0.40 and a beta of 1.75. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.07 and a quick ratio of 0.68. Constellation Brands Inc has a 1-year low of $131.82 and a 1-year high of $261.06. The business's 50-day simple moving average is $160.84 and its 200 day simple moving average is $172.70.

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

Constellation Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Wednesday, July 30th were paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Wednesday, July 30th. Constellation Brands's dividend payout ratio (DPR) is presently -170.71%.

Analyst Ratings Changes

STZ has been the topic of several research analyst reports. BMO Capital Markets dropped their price target on Constellation Brands from $215.00 to $190.00 and set an "outperform" rating on the stock in a research note on Thursday, September 4th. Jefferies Financial Group lowered their target price on Constellation Brands from $205.00 to $179.00 and set a "buy" rating on the stock in a research note on Wednesday, September 3rd. Sanford C. Bernstein lowered their target price on Constellation Brands from $225.00 to $195.00 and set an "outperform" rating on the stock in a research note on Thursday, September 4th. Morgan Stanley lowered their target price on Constellation Brands from $195.00 to $176.00 and set an "equal weight" rating on the stock in a research note on Wednesday, September 3rd. Finally, Roth Capital restated a "buy" rating and issued a $209.00 target price (down previously from $239.00) on shares of Constellation Brands in a research note on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $192.28.

Constellation Brands 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.