Gateway Investment Advisers LLC Reduces Stock Position in Constellation Brands Inc $STZ

Gateway Investment Advisers LLC cut its holdings in Constellation Brands Inc (NYSE:STZ) by 0.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 80,966 shares of the company’s stock after selling 390 shares during the period. Gateway Investment Advisers LLC’s holdings in Constellation Brands were worth $13,172,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of STZ. Czech National Bank lifted its position in shares of Constellation Brands by 4.8% during the second quarter. Czech National Bank now owns 37,416 shares of the company’s stock worth $6,087,000 after acquiring an additional 1,722 shares in the last quarter. Canandaigua National Bank & Trust Co. boosted its stake in Constellation Brands by 4.7% in the 2nd quarter. Canandaigua National Bank & Trust Co. now owns 42,841 shares of the company’s stock worth $6,969,000 after purchasing an additional 1,911 shares during the period. Gradient Investments LLC grew its holdings in Constellation Brands by 1.4% during the 2nd quarter. Gradient Investments LLC now owns 61,244 shares of the company’s stock valued at $9,963,000 after buying an additional 869 shares in the last quarter. Wesbanco Bank Inc. increased its position in shares of Constellation Brands by 10.7% during the second quarter. Wesbanco Bank Inc. now owns 43,329 shares of the company’s stock valued at $7,049,000 after buying an additional 4,204 shares during the period. Finally, Ables Iannone Moore & Associates Inc. grew its stake in Constellation Brands by 21.6% during the second quarter. Ables Iannone Moore & Associates Inc. now owns 12,219 shares of the company’s stock valued at $1,988,000 after acquiring an additional 2,171 shares in the last quarter. Institutional investors own 77.34% of the company’s stock.

Insider Transactions at Constellation Brands

In related news, EVP James O. Bourdeau sold 821 shares of the business’s 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 sale, the executive vice president owned 9,438 shares of the company’s stock, valued at $1,595,022. The trade was a 8.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 12.45% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have issued reports on STZ. BNP Paribas Exane cut shares of Constellation Brands from a “neutral” rating to an “underperform” rating and set a $123.00 target price on the stock. in a research note on Wednesday, September 3rd. JPMorgan Chase & Co. lifted their price objective on Constellation Brands from $170.00 to $182.00 and gave the company a “neutral” rating in a research note on Thursday, July 3rd. Roth Capital restated a “buy” rating and issued a $209.00 target price (down from $239.00) on shares of Constellation Brands in a research note on Wednesday, September 3rd. Wall Street Zen upgraded Constellation Brands from a “sell” rating to a “hold” rating in a research report on Tuesday, May 20th. Finally, Citigroup cut their price objective on Constellation Brands from $174.00 to $155.00 and set a “neutral” rating for the company in a report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have issued 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 an average target price of $192.28.

Constellation Brands Price Performance

STZ stock opened at $134.48 on Wednesday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.07 and a quick ratio of 0.68. Constellation Brands Inc has a 1 year low of $133.84 and a 1 year high of $261.06. The firm has a 50-day moving average of $163.13 and a 200 day moving average of $173.56. The company has a market cap of $23.71 billion, a P/E ratio of -56.27, a PEG ratio of 0.41 and a beta of 0.67.

Constellation Brands (NYSE:STZ) last released its earnings results on Tuesday, July 1st. The company reported $3.22 EPS 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 firm 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 business earned $3.57 EPS. The company’s revenue for the quarter 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. On average, sell-side analysts forecast that Constellation Brands Inc will post 13.5 EPS for the current year.

Constellation Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Wednesday, July 30th were paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Wednesday, July 30th. Constellation Brands’s dividend payout ratio (DPR) is presently -170.71%.

Constellation Brands 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.