Sumitomo Mitsui Trust Group Inc. Sells 5,569 Shares of Constellation Brands Inc $STZ

Sumitomo Mitsui Trust Group Inc. reduced its position in Constellation Brands Inc (NYSE:STZ) by 1.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 306,453 shares of the company’s stock after selling 5,569 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.18% of Constellation Brands worth $45,968,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in STZ. Capital World Investors grew its stake in shares of Constellation Brands by 8.3% during the 4th quarter. Capital World Investors now owns 7,238,575 shares of the company’s stock worth $998,740,000 after acquiring an additional 553,974 shares during the period. State Street Corp raised its stake in 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 during the period. Capital International Investors raised its stake in Constellation Brands by 48.5% in the 4th quarter. Capital International Investors now owns 6,442,600 shares of the company’s stock valued at $888,930,000 after acquiring an additional 2,105,546 shares during the period. Wellington Management Group LLP lifted its holdings in Constellation Brands by 14.0% during the fourth quarter. Wellington Management Group LLP now owns 6,018,653 shares of the company’s stock valued at $830,333,000 after purchasing an additional 739,393 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings 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 purchasing an additional 54,184 shares during the last quarter. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Insider Activity

In related news, EVP James O. Bourdeau sold 4,407 shares of Constellation Brands stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $143.24, for a total transaction of $631,258.68. Following the completion of the sale, the executive vice president owned 9,109 shares of the company’s stock, valued at approximately $1,304,773.16. This trade represents a 32.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 12.20% of the company’s stock.

Constellation Brands Trading Down 0.1%

Shares of Constellation Brands stock opened at $133.87 on Monday. The company’s 50-day moving average price is $142.33 and its 200-day moving average price is $149.79. The company has a current ratio of 0.91, a quick ratio of 0.48 and a debt-to-equity ratio of 1.06. Constellation Brands Inc has a 12-month low of $126.45 and a 12-month high of $178.13. The company has a market cap of $22.86 billion, a price-to-earnings ratio of 12.77, a PEG ratio of 4.18 and a beta of 0.39.

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

Constellation Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Thursday, July 30th will be issued a $1.03 dividend. The ex-dividend date of this dividend is Thursday, July 30th. This represents a $4.12 annualized dividend and a dividend yield of 3.1%. Constellation Brands’s dividend payout ratio is presently 39.31%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on STZ shares. Piper Sandler reiterated a “neutral” rating and issued a $160.00 target price on shares of Constellation Brands in a research note on Wednesday, July 1st. Morgan Stanley dropped their price target on shares of Constellation Brands from $183.00 to $158.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 2nd. Jefferies Financial Group set a $147.00 price objective on shares of Constellation Brands in a report on Thursday, July 2nd. TD Cowen reissued a “buy” rating and set a $174.00 target price on shares of Constellation Brands in a report on Wednesday, July 1st. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Constellation Brands in a report on Wednesday, July 1st. 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. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $167.89.

About Constellation Brands

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.