Quantbot Technologies LP Decreases Stake in Constellation Brands Inc $STZ

Key Points

• Quantbot Technologies LP has reduced its stake in Constellation Brands Inc by 62.0%, selling 27,507 shares and owning 16,831 shares worth approximately $3,089,000 as of the latest SEC filing.
• Constellation Brands reported a quarterly earnings miss of $3.22 per share compared to the expected $3.45, with a 5.5% decline in revenue from the same period last year.
• The company recently announced a quarterly dividend of $1.02 per share, marking an annualized yield of 2.5%, despite a negative payout ratio of -170.71%.

Quantbot Technologies LP reduced its stake in Constellation Brands Inc (NYSE:STZ - Free Report) by 62.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,831 shares of the company's stock after selling 27,507 shares during the period. Quantbot Technologies LP's holdings in Constellation Brands were worth $3,089,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of STZ. Minot DeBlois Advisors LLC purchased a new position in Constellation Brands in the 4th quarter worth approximately $29,000. Optiver Holding B.V. bought a new stake in shares of Constellation Brands in the 4th quarter worth approximately $31,000. Laurel Wealth Advisors LLC bought a new stake in shares of Constellation Brands in the 1st quarter worth approximately $32,000. Rakuten Securities Inc. grew its position in shares of Constellation Brands by 805.0% in the 1st quarter. Rakuten Securities Inc. now owns 181 shares of the company's stock worth $33,000 after buying an additional 161 shares during the last quarter. Finally, Zions Bancorporation National Association UT bought a new stake in shares of Constellation Brands in the 1st quarter worth approximately $38,000. 77.34% of the stock is owned by hedge funds and other institutional investors.

Constellation Brands Trading Down 0.3%

NYSE STZ opened at $165.7830 on Wednesday. The company has a quick ratio of 0.68, a current ratio of 1.07 and a debt-to-equity ratio of 1.30. Constellation Brands Inc has a twelve month low of $159.35 and a twelve month high of $261.06. The firm has a market capitalization of $29.23 billion, a PE ratio of -69.37, a P/E/G ratio of 10.06 and a beta of 0.67. The stock's 50 day moving average is $168.45 and its 200 day moving average is $176.12.

Constellation Brands (NYSE:STZ - Get Free Report) last released its quarterly earnings results on Tuesday, July 1st. The company reported $3.22 earnings per share for the quarter, missing the consensus estimate of $3.45 by ($0.23). Constellation Brands had a negative net margin of 4.11% and a positive return on equity of 31.41%. The firm had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the prior year, the firm earned $3.57 earnings per share. The company's revenue for the quarter 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. Research analysts forecast that Constellation Brands Inc will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Wednesday, July 30th were issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, July 30th. Constellation Brands's payout ratio is -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 value of $138,749.00. Following the sale, the executive vice president directly 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 legal filing with the SEC, which can be accessed through this link. Company insiders own 12.45% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on STZ. Raymond James Financial upgraded Constellation Brands to a "strong-buy" rating in a research report on Monday, July 7th. Jefferies Financial Group upgraded Constellation Brands from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $194.00 to $205.00 in a research report on Monday, July 7th. Wall Street Zen upgraded Constellation Brands from a "sell" rating to a "hold" rating in a research report on Tuesday, May 20th. Citigroup lifted their price objective on Constellation Brands from $170.00 to $174.00 and gave the stock a "neutral" rating in a research report on Thursday, July 3rd. Finally, Cowen reiterated a "hold" rating on shares of Constellation Brands in a research report on Monday, July 7th. One 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, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $213.74.

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.

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