Constellation Brands Inc $STZ Shares Sold by AIA Group Ltd

AIA Group Ltd decreased its position in Constellation Brands Inc (NYSE:STZ) by 5.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 123,048 shares of the company’s stock after selling 6,419 shares during the quarter. AIA Group Ltd’s holdings in Constellation Brands were worth $18,457,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Capital World Investors boosted its stake in Constellation Brands by 8.3% in the 4th quarter. Capital World Investors now owns 7,238,575 shares of the company’s stock worth $998,740,000 after purchasing an additional 553,974 shares during the period. State Street Corp raised its stake in shares of Constellation Brands by 5.0% in the 4th quarter. State Street Corp now owns 6,911,369 shares of the company’s stock valued at $953,492,000 after acquiring an additional 329,337 shares in the last quarter. Capital International Investors lifted its position in Constellation Brands by 48.5% during the 4th quarter. Capital International Investors now owns 6,442,600 shares of the company’s stock worth $888,930,000 after acquiring an additional 2,105,546 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Constellation Brands by 14.0% in the fourth quarter. Wellington Management Group LLP now owns 6,018,653 shares of the company’s stock worth $830,333,000 after acquiring an additional 739,393 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Constellation Brands by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 3,739,549 shares of the company’s stock valued at $513,871,000 after acquiring an additional 54,184 shares during the period. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP James O. Bourdeau sold 4,407 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $143.24, for a total value of $631,258.68. Following the completion of the sale, the executive vice president directly owned 9,109 shares in the company, valued at $1,304,773.16. The trade was a 32.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 12.20% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on STZ. Barclays lowered their price target on Constellation Brands from $170.00 to $139.00 and set an “equal weight” rating on the stock in a research report 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 research report on Thursday, July 2nd. Freedom Capital cut shares of Constellation Brands from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. JPMorgan Chase & Co. reduced their target price on shares of Constellation Brands from $169.00 to $165.00 and set a “neutral” rating for the company in a research note on Thursday, July 2nd. Finally, Roth Capital reaffirmed a “buy” rating and set a $209.00 price target on shares of Constellation Brands in a research note on Thursday, July 2nd. Eleven equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Constellation Brands presently has an average rating of “Hold” and an average price target of $167.89.

Constellation Brands Stock Down 1.9%

STZ stock opened at $133.16 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.48 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $22.74 billion, a PE ratio of 12.71, a PEG ratio of 4.14 and a beta of 0.39. Constellation Brands Inc has a 1-year low of $126.45 and a 1-year high of $178.13. The business’s 50 day simple moving average is $140.50 and its 200 day simple moving average is $149.50.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $3.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.70 by ($0.27). Constellation Brands had a net margin of 18.87% and a return on equity of 25.58%. The business had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same period in the prior year, the business earned $3.22 EPS. The company’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, research analysts anticipate that Constellation Brands Inc will post 11.82 EPS for the current year.

Constellation Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th will be given a dividend of $1.03 per share. The ex-dividend date is Thursday, July 30th. This represents a $4.12 annualized dividend and a yield of 3.1%. 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.