WealthBridge Investment Counsel Inc. Sells 2,700 Shares of Constellation Brands Inc $STZ

Key Points

• WealthBridge Investment Counsel Inc. reduced its stake in Constellation Brands Inc by selling 2,700 shares, resulting in a total of 23,045 shares valued at approximately $3,749,000.
• Constellation Brands reported quarterly earnings of $3.22 EPS, missing analyst expectations of $3.45, and its revenue decreased by 5.5% year-over-year.
• The company announced a quarterly dividend of $1.02 per share, representing an annualized yield of 3.1%, despite having a dividend payout ratio of -170.71%.

WealthBridge Investment Counsel Inc. cut its stake in Constellation Brands Inc (NYSE:STZ - Free Report) by 10.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,045 shares of the company's stock after selling 2,700 shares during the quarter. WealthBridge Investment Counsel Inc.'s holdings in Constellation Brands were worth $3,749,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC purchased a new position in shares of Constellation Brands during the 1st quarter worth approximately $32,000. Rakuten Securities Inc. increased its stake 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. Zions Bancorporation National Association UT purchased a new stake in shares of Constellation Brands in the 1st quarter worth $38,000. Flaharty Asset Management LLC purchased a new stake in Constellation Brands in the 1st quarter worth $39,000. Finally, WPG Advisers LLC purchased a new stake in Constellation Brands in the 1st quarter worth $43,000. Institutional investors own 77.34% of the company's stock.

Constellation Brands Price Performance

Shares of NYSE:STZ traded up $0.60 during trading hours on Monday, hitting $133.52. 3,273,951 shares of the company's stock traded hands, compared to its average volume of 2,478,955. Constellation Brands Inc has a 52 week low of $131.82 and a 52 week high of $261.06. The company's fifty day simple moving average is $160.84 and its two-hundred day simple moving average is $172.66. The company has a market cap of $23.54 billion, a price-to-earnings ratio of -55.86, a price-to-earnings-growth 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 (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 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 for the quarter, compared to the consensus estimate of $2.57 billion. During the same period in the previous year, the business posted $3.57 EPS. Constellation Brands's revenue was down 5.5% compared to the same quarter last year. Constellation Brands has set its FY 2026 guidance at 12.600-12.900 EPS. As a group, equities analysts anticipate that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Wednesday, July 30th were given a dividend of $1.02 per share. The ex-dividend date was Wednesday, July 30th. This represents a $4.08 annualized dividend and a yield of 3.1%. Constellation Brands's dividend payout ratio is -170.71%.

Wall Street Analyst Weigh In

STZ has been the subject of a number of analyst reports. BNP Paribas Exane downgraded shares of Constellation Brands from a "neutral" rating to an "underperform" rating and set a $123.00 price target for the company. in a report on Wednesday, September 3rd. JPMorgan Chase & Co. lifted their price target on shares of Constellation Brands from $170.00 to $182.00 and gave the stock a "neutral" rating in a report on Thursday, July 3rd. UBS Group raised their price target on shares of Constellation Brands from $195.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, July 3rd. TD Cowen lowered their price target on shares of Constellation Brands from $180.00 to $152.00 and set a "hold" rating on the stock in a report on Thursday, September 4th. Finally, The Goldman Sachs Group decreased their price target on shares of Constellation Brands from $225.00 to $196.00 and set a "buy" rating on the stock in a research note on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $192.28.

Insiders Place Their Bets

In other Constellation Brands news, EVP James O. Bourdeau sold 821 shares of the business's stock in a transaction dated Monday, July 21st. The stock was 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 of the company's stock, valued at approximately $1,595,022. The trade was a 8.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 12.45% of the company's stock.

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.