California State Teachers Retirement System Sells 6,042 Shares of Constellation Brands Inc $STZ

California State Teachers Retirement System lowered its stake in Constellation Brands Inc (NYSE:STZ) by 2.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 241,545 shares of the company’s stock after selling 6,042 shares during the quarter. California State Teachers Retirement System owned approximately 0.14% of Constellation Brands worth $36,232,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Brighton Jones LLC grew its stake in shares of Constellation Brands by 23.0% during the fourth quarter. Brighton Jones LLC now owns 1,001 shares of the company’s stock worth $221,000 after buying an additional 187 shares during the last quarter. Woodline Partners LP bought a new position in shares of Constellation Brands in the 1st quarter valued at $2,409,000. Cary Street Partners Financial LLC lifted its stake in shares of Constellation Brands by 69.9% in the 2nd quarter. Cary Street Partners Financial LLC now owns 1,026 shares of the company’s stock valued at $167,000 after acquiring an additional 422 shares during the last quarter. Bank of Nova Scotia boosted its holdings in shares of Constellation Brands by 3.6% during the 2nd quarter. Bank of Nova Scotia now owns 17,347 shares of the company’s stock valued at $2,822,000 after acquiring an additional 599 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Constellation Brands by 5.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 23,732 shares of the company’s stock valued at $3,861,000 after acquiring an additional 1,127 shares in the last quarter. 77.34% of the stock is owned by institutional investors.

Constellation Brands Stock Down 0.1%

Shares of NYSE:STZ opened at $130.30 on Friday. The firm has a market cap of $22.25 billion, a P/E ratio of 12.43, a P/E/G ratio of 4.06 and a beta of 1.75. Constellation Brands Inc has a 12-month low of $126.45 and a 12-month high of $174.32. The business has a fifty day simple moving average of $137.64 and a 200 day simple moving average of $148.75. The company has a quick ratio of 0.48, a current ratio of 0.91 and a debt-to-equity ratio of 1.06.

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

Constellation Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Thursday, July 30th will be issued a $1.03 dividend. The ex-dividend date is Thursday, July 30th. This represents a $4.12 annualized dividend and a yield of 3.2%. Constellation Brands’s dividend payout ratio is presently 39.31%.

Insiders Place Their Bets

In other Constellation Brands news, EVP James O. Bourdeau sold 4,407 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $143.24, for a total transaction of $631,258.68. Following the completion of the sale, the executive vice president owned 9,109 shares of the company’s stock, valued at approximately $1,304,773.16. This represents a 32.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 12.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on STZ shares. Bank of America lowered their target price on Constellation Brands from $152.00 to $145.00 and set an “underperform” rating for the company in a report on Thursday, July 2nd. Citigroup restated a “buy” rating on shares of Constellation Brands in a report on Monday, May 18th. Freedom Capital downgraded Constellation Brands from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. JPMorgan Chase & Co. dropped their price objective on shares of Constellation Brands from $169.00 to $165.00 and set a “neutral” rating for the company in a report on Thursday, July 2nd. Finally, Piper Sandler reiterated a “neutral” rating and set a $160.00 target price on shares of Constellation Brands in a research report on Wednesday, July 1st. Eleven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Constellation Brands currently has an average rating of “Hold” and an average price target of $167.53.

Constellation Brands Company Profile

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.