Alesco Advisors LLC Lowers Stake in Constellation Brands Inc $STZ

Alesco Advisors LLC lessened its position in shares of Constellation Brands Inc (NYSE:STZ) by 37.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,257 shares of the company’s stock after selling 751 shares during the period. Alesco Advisors LLC’s holdings in Constellation Brands were worth $204,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in STZ. Vanguard Group Inc. grew its position in Constellation Brands by 18.6% during the first quarter. Vanguard Group Inc. now owns 18,417,604 shares of the company’s stock valued at $3,379,999,000 after acquiring an additional 2,882,817 shares during the period. Wellington Management Group LLP grew its position in Constellation Brands by 127.9% during the first quarter. Wellington Management Group LLP now owns 4,480,788 shares of the company’s stock valued at $822,314,000 after acquiring an additional 2,514,517 shares during the period. GAMMA Investing LLC grew its position in Constellation Brands by 7,602.6% during the first quarter. GAMMA Investing LLC now owns 396,220 shares of the company’s stock valued at $72,714,000 after acquiring an additional 391,076 shares during the period. Nuveen LLC purchased a new stake in Constellation Brands during the first quarter valued at about $63,377,000. Finally, DAVENPORT & Co LLC grew its position in Constellation Brands by 1,594.0% during the first quarter. DAVENPORT & Co LLC now owns 207,655 shares of the company’s stock valued at $38,132,000 after acquiring an additional 195,397 shares during the period. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Constellation Brands Trading Down 0.7%

Shares of NYSE STZ opened at $134.48 on Wednesday. The stock’s 50 day moving average price is $163.13 and its two-hundred day moving average price is $173.56. Constellation Brands Inc has a 52-week low of $133.84 and a 52-week high of $261.06. The stock has a market capitalization of $23.71 billion, a P/E ratio of -56.27, a PEG ratio of 0.41 and a beta of 0.67. The company has a quick ratio of 0.68, a current ratio of 1.07 and a debt-to-equity ratio of 1.30.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Tuesday, July 1st. The company reported $3.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.45 by ($0.23). The firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.57 billion. Constellation Brands had a negative net margin of 4.11% and a positive return on equity of 31.41%. The company’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.57 EPS. Constellation Brands has set its FY 2026 guidance at 12.600-12.900 EPS. On average, analysts anticipate that Constellation Brands Inc will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Wednesday, July 30th were given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Wednesday, July 30th. Constellation Brands’s dividend payout ratio is presently -170.71%.

Analysts Set New Price Targets

STZ has been the subject of several analyst reports. Citigroup decreased their target price on Constellation Brands from $174.00 to $155.00 and set a “neutral” rating for the company in a research report on Thursday, September 4th. Jefferies Financial Group decreased their target price on Constellation Brands from $205.00 to $179.00 and set a “buy” rating for the company in a research report on Wednesday, September 3rd. Wells Fargo & Company decreased their target price on Constellation Brands from $196.00 to $170.00 and set an “overweight” rating for the company in a research report on Wednesday, September 3rd. Bank of America decreased their target price on Constellation Brands from $150.00 to $142.00 and set an “underperform” rating for the company in a research report on Wednesday, September 3rd. Finally, The Goldman Sachs Group decreased their target price on Constellation Brands from $225.00 to $196.00 and set a “buy” rating for the company in a research report on Tuesday, September 2nd. One 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, the stock currently has a consensus rating of “Hold” and a consensus price target of $192.28.

Insider Buying and Selling at Constellation Brands

In other news, EVP James O. Bourdeau sold 821 shares of the stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $169.00, for a total transaction of $138,749.00. Following the sale, the executive vice president directly owned 9,438 shares in the company, valued at approximately $1,595,022. This represents a 8.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.