Wealth Enhancement Advisory Services LLC Sells 4,678 Shares of Constellation Brands Inc $STZ

Key Points

• Wealth Enhancement Advisory Services LLC reduced its stake in Constellation Brands Inc by 2.2%, owning approximately 0.12% of the company, worth about $35.78 million after selling 4,678 shares in the second quarter.
• Constellation Brands recently adjusted its earnings guidance and faced mixed analyst ratings, with a current average target price of $192.28 and varied estimates from firms like Roth Capital and BMO Capital Markets.
• The company reported a decline in revenue of 5.5% year-over-year for the last quarter and missed analysts' EPS estimates, while also announcing a quarterly dividend yielding 3.1% despite a payout ratio of -170.71%.

Wealth Enhancement Advisory Services LLC lessened its stake in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 2.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 207,646 shares of the company's stock after selling 4,678 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 0.12% of Constellation Brands worth $35,782,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC bought a new stake in shares of Constellation Brands in the 1st quarter worth $32,000. Rakuten Securities Inc. increased its holdings 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 purchasing an additional 161 shares in the last quarter. Fourth Dimension Wealth LLC bought a new stake in shares of Constellation Brands in the 4th quarter worth $44,000. Zions Bancorporation National Association UT bought a new stake in shares of Constellation Brands in the 1st quarter worth $38,000. Finally, Flaharty Asset Management LLC bought a new stake in shares of Constellation Brands in the 1st quarter worth $39,000. Institutional investors own 77.34% of the company's stock.

Insider Activity at Constellation Brands

In other 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 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 12.45% of the stock is owned by insiders.

Constellation Brands Stock Performance

NYSE STZ traded down $1.81 on Tuesday, hitting $131.67. 664,574 shares of the company traded hands, compared to its average volume of 2,468,467. The company has a market capitalization of $23.21 billion, a price-to-earnings ratio of -55.09, a P/E/G ratio of 0.40 and a beta of 0.67. The company has a current ratio of 1.07, a quick ratio of 0.68 and a debt-to-equity ratio of 1.30. The business's 50 day moving average price is $160.22 and its 200-day moving average price is $172.28. Constellation Brands Inc has a 52-week low of $131.60 and a 52-week high of $261.06.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its quarterly earnings data on Tuesday, July 1st. The company reported $3.22 EPS 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 business had revenue of $2.52 billion during the quarter, compared to analysts' expectations of $2.57 billion. During the same quarter in the previous year, the firm earned $3.57 earnings per share. Constellation Brands's revenue was down 5.5% on a year-over-year basis. Constellation Brands has set its FY 2026 guidance at 12.600-12.900 EPS. Equities 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 disclosed 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 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Wednesday, July 30th. Constellation Brands's payout ratio is presently -170.71%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Zacks Research lowered Constellation Brands from a "hold" rating to a "strong sell" rating in a report on Tuesday, September 9th. Deutsche Bank Aktiengesellschaft dropped their price target on Constellation Brands from $182.00 to $158.00 and set a "hold" rating on the stock in a research note on Wednesday, September 3rd. Cowen restated a "hold" rating on shares of Constellation Brands in a research note on Monday, July 7th. JPMorgan Chase & Co. raised their price target on Constellation Brands from $170.00 to $182.00 and gave the stock a "neutral" rating in a research note on Thursday, July 3rd. Finally, BNP Paribas Exane downgraded Constellation Brands from a "neutral" rating to an "underperform" rating and set a $123.00 price target on the stock. 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 given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $191.88.

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.