Constellation Brands Inc $STZ Shares Sold by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. reduced its holdings in shares of Constellation Brands Inc (NYSE:STZFree Report) by 7.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 66,914 shares of the company’s stock after selling 5,279 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Constellation Brands were worth $10,037,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in STZ. Capital International Investors boosted its position in shares of Constellation Brands by 48.5% in the 4th 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 period. Norges Bank acquired a new stake in Constellation Brands during the 4th quarter worth about $267,798,000. Ameriprise Financial Inc. lifted its stake in Constellation Brands by 650.6% during the second quarter. Ameriprise Financial Inc. now owns 1,769,741 shares of the company’s stock valued at $287,889,000 after buying an additional 1,533,961 shares in the last quarter. Wellington Management Group LLP lifted its stake in Constellation Brands by 14.0% during the fourth quarter. Wellington Management Group LLP now owns 6,018,653 shares of the company’s stock valued at $830,333,000 after buying an additional 739,393 shares in the last quarter. Finally, Pzena Investment Management LLC acquired a new position in shares of Constellation Brands in the fourth quarter worth about $81,381,000. 77.34% of the stock is currently owned by institutional investors.

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Constellation Brands Stock Down 2.1%

Shares of STZ opened at $136.16 on Thursday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.08 and a quick ratio of 0.55. The company has a market capitalization of $23.45 billion, a P/E ratio of 12.99, a PEG ratio of 4.10 and a beta of 0.39. Constellation Brands Inc has a one year low of $126.45 and a one year high of $178.13. The business’s 50 day simple moving average is $145.47 and its 200-day simple moving average is $150.16.

Constellation Brands (NYSE:STZGet Free Report) last announced its earnings results on Tuesday, June 30th. The company reported $3.43 earnings per share for the quarter, missing analysts’ consensus estimates of $3.69 by ($0.26). Constellation Brands had a return on equity of 25.97% and a net margin of 18.87%.The company had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same period in the prior year, the firm posted $3.22 earnings per share. The company’s revenue 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, sell-side analysts predict that Constellation Brands Inc will post 11.78 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Thursday, July 30th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Thursday, July 30th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.0%. Constellation Brands’s dividend payout ratio is 42.96%.

Wall Street Analysts Forecast Growth

STZ has been the subject of a number of recent analyst reports. Piper Sandler reaffirmed a “neutral” rating and issued a $160.00 price objective on shares of Constellation Brands in a research note on Wednesday. Barclays boosted their target price on shares of Constellation Brands from $151.00 to $170.00 and gave the company an “equal weight” rating in a research note on Friday, April 10th. Citigroup reaffirmed a “buy” rating on shares of Constellation Brands in a research report on Monday, May 18th. Roth Mkm reiterated a “buy” rating on shares of Constellation Brands in a report on Thursday, April 9th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Constellation Brands in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $171.37.

Get Our Latest Report on STZ

Insider Buying and Selling at Constellation Brands

In other news, EVP James O. Bourdeau sold 4,407 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $143.24, for a total value of $631,258.68. Following the completion of the transaction, the executive vice president owned 9,109 shares of the company’s stock, valued at $1,304,773.16. The trade was a 32.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 12.20% of the stock is currently owned by corporate insiders.

About Constellation Brands

(Free Report)

Constellation Brands, Inc is a leading producer and marketer of beer, wine and spirits, with operations spanning production, importation, marketing and distribution. The company’s beverage portfolio includes a range of premium and mainstream wines and spirits alongside major imported beer brands; in the U.S. market Constellation is widely known for its role in bringing Mexican imports such as Corona and Modelo to American consumers. Constellation supplies retail, on‑premise and foodservice channels and supports its brands with national sales and marketing platforms and supply‑chain capabilities.

The company traces its roots to the Canandaigua Wine Company, founded by Marvin Sands in 1945, and evolved through organic growth and acquisition into a diversified beverage company.

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Institutional Ownership by Quarter for Constellation Brands (NYSE:STZ)

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