Tidal Investments LLC Cuts Position in Constellation Brands Inc $STZ

Key Points

• Tidal Investments cut its Constellation Brands stake by 94.9% in the second quarter, selling 277,766 shares and retaining 15,023 shares valued at approximately $2.09 million.
• Constellation Brands reported quarterly revenue of $2.43 billion, above estimates, but EPS of $3.43 missed expectations and revenue declined 3.3% year over year. The company issued fiscal 2027 EPS guidance of $11.20–$11.90.
• The stock traded near its 12-month low at $123.05, while analysts maintained an overall “Hold” rating with an average price target of $167.10; the company also pays a $1.03 quarterly dividend, yielding about 3.3%.

Tidal Investments LLC decreased its position in Constellation Brands Inc (NYSE:STZ - Free Report) by 94.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,023 shares of the company's stock after selling 277,766 shares during the quarter. Tidal Investments LLC's holdings in Constellation Brands were worth $2,090,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Capital World Investors grew its holdings in shares of Constellation Brands by 8.3% in the fourth quarter. Capital World Investors now owns 7,238,575 shares of the company's stock valued at $998,740,000 after purchasing an additional 553,974 shares in the last quarter. Capital International Investors lifted its position in Constellation Brands by 48.5% during the fourth quarter. Capital International Investors now owns 6,442,600 shares of the company's stock valued at $888,930,000 after purchasing an additional 2,105,546 shares during the last quarter. Geode Capital Management LLC lifted its position in Constellation Brands by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 3,739,549 shares of the company's stock valued at $513,871,000 after purchasing an additional 54,184 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Constellation Brands by 11.0% in the 4th quarter. Van ECK Associates Corp now owns 2,397,275 shares of the company's stock worth $330,728,000 after buying an additional 237,073 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Constellation Brands in the 4th quarter worth about $267,798,000. 77.34% of the stock is owned by hedge funds and other institutional investors.

Constellation Brands Price Performance

Constellation Brands stock opened at $123.05 on Thursday. Constellation Brands Inc has a 12-month low of $120.25 and a 12-month high of $168.60. The company has a current ratio of 0.91, a quick ratio of 0.48 and a debt-to-equity ratio of 1.06. The firm has a 50-day moving average price of $131.00 and a 200-day moving average price of $142.18. The firm has a market capitalization of $21.01 billion, a PE ratio of 11.74, a price-to-earnings-growth ratio of 2.45 and a beta of 0.41.

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

Constellation Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th were given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Thursday, July 30th. Constellation Brands's payout ratio is 39.31%.

Analyst Upgrades and Downgrades

STZ has been the topic of several recent research reports. Weiss Ratings restated a "hold (c-)" rating on shares of Constellation Brands in a research report on Friday, July 31st. Morgan Stanley reduced their price objective on Constellation Brands from $183.00 to $158.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 2nd. Roth Capital restated a "buy" rating and set a $209.00 price objective on shares of Constellation Brands in a research report on Thursday, July 2nd. Jefferies Financial Group lowered their price objective on Constellation Brands from $147.00 to $135.00 and set a "hold" rating for the company in a research note on Monday. Finally, Wells Fargo & Company dropped their target price on Constellation Brands from $185.00 to $170.00 and set an "overweight" rating for the company in a report on Monday, June 29th. Twelve analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Constellation Brands currently has an average rating of "Hold" and an average target price of $167.10.

Constellation Brands Company 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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