Constellation Brands Inc $STZ Shares Sold by Acumen Wealth Advisors LLC

Acumen Wealth Advisors LLC reduced its position in Constellation Brands Inc (NYSE:STZ) by 32.3% in the 1st quarter, HoldingsChannel.com reports. The fund owned 14,226 shares of the company’s stock after selling 6,795 shares during the quarter. Acumen Wealth Advisors LLC’s holdings in Constellation Brands were worth $2,134,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of STZ. First Trust Advisors LP grew its holdings in shares of Constellation Brands by 16.9% in the first quarter. First Trust Advisors LP now owns 312,977 shares of the company’s stock valued at $46,947,000 after purchasing an additional 45,239 shares in the last quarter. Westpac Banking Corp lifted its holdings in Constellation Brands by 86.8% during the 1st quarter. Westpac Banking Corp now owns 833 shares of the company’s stock worth $125,000 after buying an additional 387 shares in the last quarter. ABN Amro Investment Solutions boosted its position in Constellation Brands by 25.1% in the 1st quarter. ABN Amro Investment Solutions now owns 14,638 shares of the company’s stock valued at $2,196,000 after buying an additional 2,940 shares during the period. Oslo Pensjonsforsikring AS purchased a new position in Constellation Brands in the 1st quarter valued at approximately $98,000. Finally, Meeder Advisory Services Inc. grew its stake in shares of Constellation Brands by 9.6% in the first quarter. Meeder Advisory Services Inc. now owns 2,069 shares of the company’s stock worth $310,000 after acquiring an additional 181 shares in the last quarter. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

STZ has been the topic of several analyst reports. Evercore set a $175.00 target price on shares of Constellation Brands and gave the company an “outperform” rating in a report on Friday, April 10th. Needham & Company LLC reissued a “buy” rating and issued a $185.00 price objective on shares of Constellation Brands in a research report on Thursday, July 2nd. TD Cowen restated a “buy” rating and issued a $174.00 price objective on shares of Constellation Brands in a report on Wednesday, July 1st. Barclays decreased their price objective on shares of Constellation Brands from $139.00 to $132.00 and set an “equal weight” rating for the company in a research report on Tuesday. Finally, Freedom Capital lowered Constellation Brands from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Eleven equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $167.53.

Insider Buying and Selling at Constellation Brands

In related news, EVP James O. Bourdeau sold 4,407 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $1,304,773.16. This represents a 32.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 12.20% of the company’s stock.

Constellation Brands Stock Down 2.6%

Shares of NYSE:STZ opened at $130.80 on Wednesday. The firm has a 50 day simple moving average of $140.11 and a 200-day simple moving average of $149.48. Constellation Brands Inc has a twelve month low of $126.45 and a twelve month high of $178.13. 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 company has a market capitalization of $22.34 billion, a PE ratio of 12.48, a P/E/G ratio of 4.19 and a beta of 0.39.

Constellation Brands (NYSE:STZ) last posted its earnings results on Tuesday, June 30th. The company reported $3.43 EPS for the quarter, missing analysts’ consensus estimates of $3.70 by ($0.27). Constellation Brands had a net margin of 18.87% and a return on equity of 25.58%. The company had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same period last year, the business earned $3.22 earnings per share. The company’s quarterly revenue was down 3.3% on a year-over-year basis. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. On average, equities analysts predict that Constellation Brands Inc will post 11.82 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.1%. Constellation Brands’s payout ratio is 39.31%.

Constellation Brands Company 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.