Constellation Brands Inc $STZ Holdings Decreased by Resources Management Corp CT ADV

Key Points

• Resources Management Corp CT ADV has significantly reduced its stake in Constellation Brands Inc by 51.6%, now holding only 9,036 shares valued at approximately $1.66 million.
• Constellation Brands reported a second-quarter EPS of $3.22, missing analyst estimates of $3.45, with revenue of $2.52 billion down 5.5% year-over-year.
• The company recently announced a quarterly dividend of $1.02 per share, resulting in an annual yield of 2.7%, despite a negative dividend payout ratio of -170.71%.

Resources Management Corp CT ADV cut its stake in Constellation Brands Inc (NYSE:STZ - Free Report) by 51.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,036 shares of the company's stock after selling 9,631 shares during the period. Resources Management Corp CT ADV's holdings in Constellation Brands were worth $1,658,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC increased its holdings in shares of Constellation Brands by 23.0% in the 4th quarter. Brighton Jones LLC now owns 1,001 shares of the company's stock worth $221,000 after acquiring an additional 187 shares during the period. Bank Pictet & Cie Europe AG grew its position in Constellation Brands by 39.7% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 6,096 shares of the company's stock worth $1,347,000 after purchasing an additional 1,733 shares during the last quarter. Cary Street Partners Financial LLC acquired a new stake in shares of Constellation Brands in the fourth quarter valued at approximately $341,000. CoreCap Advisors LLC increased its stake in shares of Constellation Brands by 12.2% in the fourth quarter. CoreCap Advisors LLC now owns 3,249 shares of the company's stock valued at $718,000 after purchasing an additional 354 shares during the period. Finally, Deutsche Bank AG raised its holdings in shares of Constellation Brands by 8.0% during the fourth quarter. Deutsche Bank AG now owns 807,122 shares of the company's stock valued at $178,374,000 after buying an additional 60,008 shares during the last quarter. Institutional investors and hedge funds own 77.34% of the company's stock.

Insider Activity at Constellation Brands

In related news, EVP James O. Bourdeau sold 821 shares of Constellation Brands stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $169.00, for a total value 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. This trade represents a 8.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 12.45% of the stock is currently owned by corporate insiders.

Constellation Brands Price Performance

Constellation Brands stock traded down $0.12 during midday trading on Tuesday, hitting $145.98. The company's stock had a trading volume of 3,327,551 shares, compared to its average volume of 2,377,681. Constellation Brands Inc has a 12 month low of $144.58 and a 12 month high of $261.06. The company has a quick ratio of 0.68, a current ratio of 1.07 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $25.73 billion, a PE ratio of -61.08, a price-to-earnings-growth ratio of 0.44 and a beta of 0.67. The stock's 50-day moving average price is $166.44 and its 200-day moving average price is $174.87.

Constellation Brands (NYSE:STZ - Get Free Report) last released its earnings results on Tuesday, July 1st. The company reported $3.22 EPS for the quarter, missing the consensus estimate of $3.45 by ($0.23). The business had revenue of $2.52 billion for 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 for the quarter was down 5.5% on a year-over-year basis. During the same period in the prior year, the company earned $3.57 earnings per share. Constellation Brands has set its FY 2026 guidance at 12.600-12.900 EPS. Analysts anticipate 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. Stockholders of record on Wednesday, July 30th were given a dividend of $1.02 per share. 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 2.8%. Constellation Brands's payout ratio is -170.71%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on STZ. CJS Securities decreased their price objective on Constellation Brands from $196.00 to $194.00 in a report on Monday, May 19th. Barclays set a $202.00 price target on Constellation Brands and gave the stock an "overweight" rating in a research report on Thursday, June 26th. Sanford C. Bernstein lowered their price target on Constellation Brands from $225.00 to $195.00 and set an "outperform" rating on the stock in a report on Thursday, September 4th. Roth Capital reaffirmed a "buy" rating and issued a $209.00 price objective (down previously from $239.00) on shares of Constellation Brands in a report on Wednesday, September 3rd. Finally, Wall Street Zen upgraded shares of Constellation Brands from a "sell" rating to a "hold" rating in a research report on Tuesday, May 20th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $194.36.

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.