Arrowstreet Capital Limited Partnership Sells 778,526 Shares of Constellation Brands Inc $STZ

Arrowstreet Capital Limited Partnership trimmed its stake in shares of Constellation Brands Inc (NYSE:STZ) by 61.4% in the 1st quarter, HoldingsChannel.com reports. The fund owned 490,146 shares of the company’s stock after selling 778,526 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Constellation Brands were worth $73,522,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. MV Capital Management Inc. bought a new position in shares of Constellation Brands during the 4th quarter valued at about $26,000. Stance Capital LLC bought a new stake in shares of Constellation Brands in the third quarter worth about $26,000. Strive Financial Group LLC bought a new stake in shares of Constellation Brands in the fourth quarter worth about $27,000. Elyxium Wealth LLC purchased a new stake in shares of Constellation Brands in the fourth quarter worth about $33,000. Finally, Root Financial Partners LLC lifted its position in shares of Constellation Brands by 231.3% in the first 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. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Jefferies Financial Group set a $147.00 price objective on shares of Constellation Brands in a research report on Thursday, July 2nd. Sanford C. Bernstein restated an “outperform” rating on shares of Constellation Brands in a report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft dropped their target price on Constellation Brands from $155.00 to $150.00 and set a “hold” rating for the company in a research report on Thursday, July 2nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Constellation Brands in a research note on Monday, May 4th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $185.00 price objective on shares of Constellation Brands in a report on Thursday, July 2nd. Eleven investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Constellation Brands has an average rating of “Hold” and an average target price of $167.53.

Constellation Brands Trading Up 0.0%

STZ opened at $130.19 on Monday. 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 cap of $22.23 billion, a price-to-earnings ratio of 12.42, a PEG ratio of 4.05 and a beta of 0.39. Constellation Brands Inc has a 12 month low of $126.45 and a 12 month high of $176.32. The stock has a fifty day moving average price of $139.46 and a 200-day moving average price of $149.27.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data 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). The company had revenue of $2.43 billion for the quarter, compared to the consensus estimate 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 for the quarter was down 3.3% compared to the same quarter last year. During the same period in the previous year, the business earned $3.22 EPS. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. As a group, equities research analysts anticipate that Constellation Brands Inc will post 11.84 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Thursday, July 30th will be paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Thursday, July 30th. Constellation Brands’s payout ratio is 39.31%.

Insider Activity at Constellation Brands

In related news, EVP James O. Bourdeau sold 4,407 shares of the 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 sale, the executive vice president owned 9,109 shares of the company’s stock, valued at $1,304,773.16. This represents a 32.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 12.20% of the stock is currently owned by company insiders.

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.