Sei Investments Co. Sells 20,104 Shares of Constellation Brands Inc $STZ

Sei Investments Co. cut its stake in shares of Constellation Brands Inc (NYSE:STZ) by 40.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,973 shares of the company’s stock after selling 20,104 shares during the quarter. Sei Investments Co.’s holdings in Constellation Brands were worth $4,496,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. MV Capital Management Inc. bought a new position in shares of Constellation Brands in the fourth quarter worth about $26,000. Stance Capital LLC bought a new stake in Constellation Brands in the third quarter worth $26,000. Strive Financial Group LLC purchased a new stake in shares of Constellation Brands during the 4th quarter valued at about $27,000. Cedar Mountain Advisors LLC purchased a new stake in Constellation Brands during the first quarter valued at approximately $33,000. Finally, Root Financial Partners LLC raised its holdings in Constellation Brands by 231.3% during the 1st quarter. Root Financial Partners LLC now owns 222 shares of the company’s stock valued at $33,000 after buying an additional 155 shares during the period. Institutional investors own 77.34% of the company’s stock.

Insider Buying and Selling

In other Constellation Brands news, EVP James O. Bourdeau sold 4,407 shares of the stock in a transaction dated 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 transaction, the executive vice president owned 9,109 shares of the company’s stock, valued at $1,304,773.16. This trade represents a 32.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 12.20% of the stock is owned by insiders.

Analyst Ratings Changes

STZ has been the subject of several analyst reports. Royal Bank Of Canada reissued an “outperform” rating and issued a $185.00 price objective on shares of Constellation Brands in a research note on Thursday, July 2nd. BMO Capital Markets reiterated an “outperform” rating and set a $190.00 target price on shares of Constellation Brands in a report on Thursday, July 2nd. Freedom Capital lowered Constellation Brands from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Jefferies Financial Group set a $147.00 target price on shares of Constellation Brands in a research report on Thursday, July 2nd. Finally, Citigroup reissued a “buy” rating on shares of Constellation Brands in a report on Monday, May 18th. Eleven equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $167.53.

Constellation Brands Stock Down 0.7%

Constellation Brands stock opened at $130.55 on Thursday. The firm has a market cap of $22.29 billion, a price-to-earnings ratio of 12.46, a price-to-earnings-growth ratio of 4.09 and a beta of 0.40. The company has a quick ratio of 0.48, a current ratio of 0.91 and a debt-to-equity ratio of 1.06. The business’s 50-day moving average price is $136.68 and its 200 day moving average price is $148.20. Constellation Brands Inc has a 52 week low of $126.45 and a 52 week high of $174.32.

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

Constellation Brands Dividend Announcement

The firm 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. This represents a $4.12 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Thursday, July 30th. Constellation Brands’s dividend payout ratio is 39.31%.

Constellation Brands 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.