Constellation Brands Inc $STZ Stake Trimmed by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC has reduced its stake in Constellation Brands by 92.3%, now holding only 30,985 shares valued at approximately $5.69 million.
• Constellation Brands reported mixed quarterly earnings, with an EPS of $3.22, missing analyst estimates, and a 5.5% decline in year-over-year revenue.
• The company's recent quarterly dividend was set at $1.02 per share, translating to an annualized yield of 3.1%, despite a negative dividend payout ratio of -170.71%.

Voya Investment Management LLC reduced its stake in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 92.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,985 shares of the company's stock after selling 369,630 shares during the quarter. Voya Investment Management LLC's holdings in Constellation Brands were worth $5,686,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Constellation Brands by 18.6% during the 1st quarter. Vanguard Group Inc. now owns 18,417,604 shares of the company's stock valued at $3,379,999,000 after buying an additional 2,882,817 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Constellation Brands by 127.9% in the first quarter. Wellington Management Group LLP now owns 4,480,788 shares of the company's stock valued at $822,314,000 after acquiring an additional 2,514,517 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Constellation Brands by 7.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,922,122 shares of the company's stock worth $352,748,000 after purchasing an additional 139,158 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Constellation Brands by 4.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,693,827 shares of the company's stock valued at $310,851,000 after buying an additional 76,186 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Constellation Brands by 1.2% in the 1st quarter. Northern Trust Corp now owns 1,534,357 shares of the company's stock worth $281,585,000 after buying an additional 17,832 shares during the last quarter. 77.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on STZ. Roth Capital reiterated a "buy" rating and set a $209.00 target price (down previously from $239.00) on shares of Constellation Brands in a research note on Wednesday, September 3rd. JPMorgan Chase & Co. increased their target price on Constellation Brands from $170.00 to $182.00 and gave the stock a "neutral" rating in a report on Thursday, July 3rd. Cowen restated a "hold" rating on shares of Constellation Brands in a research report on Monday, July 7th. Bank of America lowered their target price on Constellation Brands from $150.00 to $142.00 and set an "underperform" rating on the stock in a research report on Wednesday, September 3rd. Finally, BNP Paribas Exane cut Constellation Brands from a "neutral" rating to an "underperform" rating and set a $123.00 price target for the company. 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. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $192.28.

Insider Transactions at Constellation Brands

In other Constellation Brands news, EVP James O. Bourdeau sold 821 shares of Constellation Brands 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 $1,595,022. This trade represents a 8.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 12.45% of the company's stock.

Constellation Brands Trading Up 0.7%

Shares of NYSE STZ traded up $0.92 during midday trading on Monday, hitting $133.84. 660,539 shares of the company traded hands, compared to its average volume of 2,462,541. The firm has a market cap of $23.59 billion, a P/E ratio of -56.14, a P/E/G ratio of 0.40 and a beta of 0.67. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.68 and a current ratio of 1.07. Constellation Brands Inc has a 12-month low of $131.82 and a 12-month high of $261.06. The stock has a 50-day moving average price of $160.84 and a 200 day moving average price of $172.66.

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

Constellation Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Wednesday, July 30th were given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Wednesday, July 30th. Constellation Brands's dividend payout ratio is -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.