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

California State Teachers Retirement System cut its holdings in Constellation Brands Inc (NYSE:STZ) by 2.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 241,545 shares of the company’s stock after selling 6,042 shares during the period. California State Teachers Retirement System’s holdings in Constellation Brands were worth $36,232,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in STZ. MV Capital Management Inc. acquired a new stake in Constellation Brands during the fourth quarter worth approximately $26,000. Stance Capital LLC acquired a new position in Constellation Brands in the third quarter valued at approximately $26,000. Strive Financial Group LLC acquired a new position in Constellation Brands in the fourth quarter valued at approximately $27,000. Elyxium Wealth LLC bought a new position in shares of Constellation Brands during the 4th quarter worth approximately $33,000. Finally, Root Financial Partners LLC boosted its holdings in shares of Constellation Brands by 231.3% during the 1st quarter. Root Financial Partners LLC now owns 222 shares of the company’s stock worth $33,000 after buying an additional 155 shares in the last quarter. 77.34% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP James O. Bourdeau sold 4,407 shares of Constellation Brands 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 directly owned 9,109 shares in the company, 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 Securities & Exchange Commission, which is available through this hyperlink. 12.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on STZ. Freedom Capital downgraded shares of Constellation Brands from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. TD Cowen reiterated a “buy” rating and set a $174.00 target price on shares of Constellation Brands in a research report on Wednesday, July 1st. Jefferies Financial Group set a $147.00 price target on shares of Constellation Brands in a report on Thursday, July 2nd. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Constellation Brands in a research note on Wednesday, July 1st. Finally, Roth Capital reiterated a “buy” rating and set a $209.00 price objective on shares of Constellation Brands in a report on Thursday, July 2nd. Eleven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $167.53.

Constellation Brands Trading Down 0.1%

Shares of Constellation Brands stock opened at $130.30 on Friday. The stock has a market capitalization of $22.25 billion, a PE ratio of 12.43, a price-to-earnings-growth ratio of 4.06 and a beta of 1.75. Constellation Brands Inc has a 52 week low of $126.45 and a 52 week high of $174.32. The stock has a 50 day moving average price of $137.64 and a two-hundred day moving average price of $148.75. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.48 and a current ratio of 0.91.

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

Constellation Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Thursday, July 30th. Constellation Brands’s dividend payout ratio (DPR) 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.