D.A. Davidson & CO. Cuts Stock Holdings in Constellation Brands Inc $STZ

D.A. Davidson & CO. lowered its position in Constellation Brands Inc (NYSE:STZ) by 30.1% in the first quarter, Holdings Channel.com reports. The firm owned 29,281 shares of the company’s stock after selling 12,614 shares during the quarter. D.A. Davidson & CO.’s holdings in Constellation Brands were worth $4,392,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in STZ. MV Capital Management Inc. acquired a new position in Constellation Brands during the 4th quarter worth approximately $26,000. Stance Capital LLC purchased a new position in shares of Constellation Brands during the 3rd quarter worth approximately $26,000. Strive Financial Group LLC purchased a new position in shares of Constellation Brands during the 4th quarter worth approximately $27,000. GoalVest Advisory LLC acquired a new stake in shares of Constellation Brands in the 4th quarter valued at approximately $28,000. Finally, Elyxium Wealth LLC acquired a new stake in shares of Constellation Brands in the 4th quarter valued at approximately $33,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Insider Activity at Constellation Brands

In other news, EVP James O. Bourdeau sold 4,407 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at $1,304,773.16. This trade represents a 32.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 12.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Freedom Capital lowered Constellation Brands from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Citigroup reissued a “buy” rating on shares of Constellation Brands in a report on Monday, May 18th. UBS Group decreased their target price on shares of Constellation Brands from $186.00 to $175.00 and set a “buy” rating on the stock in a research report on Wednesday, June 17th. BMO Capital Markets restated an “outperform” rating and set a $190.00 target price on shares of Constellation Brands in a research report on Thursday, July 2nd. Finally, TD Cowen reaffirmed a “buy” rating and set a $174.00 price target on shares of Constellation Brands in a research note on Wednesday, July 1st. Eleven investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $167.89.

Constellation Brands Stock Performance

Shares of STZ stock opened at $133.16 on Friday. The stock has a fifty day moving average price of $140.50 and a 200 day moving average price of $149.50. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.48 and a current ratio of 0.91. The stock has a market cap of $22.74 billion, a PE ratio of 12.71, a P/E/G 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.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data 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 business had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same period in the previous year, the company posted $3.22 earnings per share. Constellation Brands’s 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. Sell-side analysts forecast that Constellation Brands Inc will post 11.82 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Thursday, July 30th will be given a $1.03 dividend. The ex-dividend date 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 currently 39.31%.

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.