Russell Investments Group Ltd. Sells 5,016 Shares of Constellation Brands Inc $STZ

Key Points

• Russell Investments Group Ltd. reduced its stake in Constellation Brands by 7.3%, selling 5,016 shares and ending up with a total of 64,000 shares valued at approximately $11.75 million.
• Constellation Brands reported Q1 earnings of $3.22 per share, missing estimates, and experiencing a revenue decline of 5.5% year-over-year.
• The company recently declared a quarterly dividend of $1.02 per share, resulting in an annualized yield of 2.4%, despite a high payout ratio of -170.71%.

Russell Investments Group Ltd. cut its stake in Constellation Brands Inc (NYSE:STZ - Free Report) by 7.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 64,000 shares of the company's stock after selling 5,016 shares during the period. Russell Investments Group Ltd.'s holdings in Constellation Brands were worth $11,746,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Minot DeBlois Advisors LLC purchased a new position in Constellation Brands in the fourth quarter worth $29,000. Optiver Holding B.V. purchased a new position in Constellation Brands in the fourth quarter worth $31,000. Laurel Wealth Advisors LLC purchased a new position in Constellation Brands in the first quarter worth $32,000. Rakuten Securities Inc. grew its position in Constellation Brands by 805.0% in the first quarter. Rakuten Securities Inc. now owns 181 shares of the company's stock worth $33,000 after acquiring an additional 161 shares in the last quarter. Finally, Fourth Dimension Wealth LLC purchased a new position in Constellation Brands in the fourth quarter worth $44,000. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Constellation Brands

In other news, EVP James O. Bourdeau sold 821 shares of the stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $169.00, for a total transaction of $138,749.00. Following the completion of the sale, the executive vice president directly owned 9,438 shares in the company, valued at approximately $1,595,022. This represents a 8.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 12.45% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Truist Financial upgraded shares of Constellation Brands from a "hold" rating to a "buy" rating and upped their target price for the stock from $190.00 to $215.00 in a research report on Wednesday, May 7th. Cowen restated a "hold" rating on shares of Constellation Brands in a research report on Monday, July 7th. JPMorgan Chase & Co. upped their price target on shares of Constellation Brands from $170.00 to $182.00 and gave the company a "neutral" rating in a research report on Thursday, July 3rd. UBS Group upped their price target on shares of Constellation Brands from $195.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. Finally, Needham & Company LLC upped their price target on shares of Constellation Brands from $195.00 to $200.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $213.74.

Constellation Brands Trading Down 1.1%

Shares of Constellation Brands stock traded down $1.8140 during trading on Thursday, reaching $164.4860. 876,626 shares of the stock were exchanged, compared to its average volume of 2,382,117. 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 stock's fifty day moving average is $168.40 and its 200 day moving average is $176.05. The firm has a market cap of $29.00 billion, a price-to-earnings ratio of -68.86, a price-to-earnings-growth ratio of 10.04 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 posted its earnings results on Tuesday, July 1st. The company reported $3.22 earnings per share for the quarter, missing analysts' consensus estimates of $3.45 by ($0.23). The firm had revenue of $2.52 billion for the quarter, compared to analysts' expectations 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 for the quarter was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.57 earnings per share. Constellation Brands has set its FY 2026 guidance at 12.600-12.900 EPS. As a group, equities research analysts expect that Constellation Brands Inc will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Wednesday, July 30th were issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Wednesday, July 30th. Constellation Brands's dividend payout ratio is currently -170.71%.

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.