Constellation Brands Inc $STZ Shares Sold by DLK Investment Management LLC

DLK Investment Management LLC reduced its position in shares of Constellation Brands Inc (NYSE:STZ) by 1.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,794 shares of the company’s stock after selling 585 shares during the period. Constellation Brands accounts for about 1.9% of DLK Investment Management LLC’s holdings, making the stock its 24th biggest holding. DLK Investment Management LLC’s holdings in Constellation Brands were worth $5,010,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Harbor Capital Advisors Inc. lifted its holdings in Constellation Brands by 36.4% in the first quarter. Harbor Capital Advisors Inc. now owns 3,051 shares of the company’s stock valued at $560,000 after acquiring an additional 815 shares during the last quarter. Glenview Trust co lifted its stake in shares of Constellation Brands by 6.8% in the 1st quarter. Glenview Trust co now owns 69,427 shares of the company’s stock valued at $12,741,000 after purchasing an additional 4,421 shares during the last quarter. Confluence Investment Management LLC lifted its stake in shares of Constellation Brands by 1.5% in the 2nd quarter. Confluence Investment Management LLC now owns 143,508 shares of the company’s stock valued at $23,346,000 after purchasing an additional 2,135 shares during the last quarter. Wesbanco Bank Inc. grew its holdings in shares of Constellation Brands by 10.7% during the 2nd quarter. Wesbanco Bank Inc. now owns 43,329 shares of the company’s stock worth $7,049,000 after purchasing an additional 4,204 shares during the period. Finally, Invst LLC acquired a new stake in shares of Constellation Brands during the 1st quarter worth about $1,366,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on STZ shares. Wells Fargo & Company decreased their target price on shares of Constellation Brands from $196.00 to $170.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 3rd. The Goldman Sachs Group decreased their price objective on shares of Constellation Brands from $225.00 to $196.00 and set a “buy” rating on the stock in a report on Tuesday, September 2nd. Cowen reiterated a “hold” rating on shares of Constellation Brands in a report on Monday, July 7th. Bank of America cut their target price on Constellation Brands from $150.00 to $142.00 and set an “underperform” rating on the stock in a research report on Wednesday, September 3rd. Finally, BNP Paribas Exane lowered Constellation Brands from a “neutral” rating to an “underperform” rating and set a $123.00 price target for the company. in a research report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $192.28.

Insider Transactions at Constellation Brands

In other Constellation Brands news, EVP James O. Bourdeau sold 821 shares of the firm’s stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $169.00, for a total transaction of $138,749.00. Following the transaction, the executive vice president owned 9,438 shares of the company’s stock, valued at approximately $1,595,022. This trade represents a 8.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 12.45% of the stock is owned by corporate insiders.

Constellation Brands Price Performance

Shares of NYSE STZ opened at $134.48 on Wednesday. The stock’s 50-day simple moving average is $163.13 and its 200-day simple moving average is $173.56. The firm has a market capitalization of $23.71 billion, a PE ratio of -56.27, a price-to-earnings-growth ratio of 0.41 and a beta of 0.67. Constellation Brands Inc has a fifty-two week low of $133.84 and a fifty-two week high of $261.06. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.68 and a current ratio of 1.07.

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

Constellation Brands Dividend Announcement

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