Confluence Investment Management LLC Has $22.19 Million Position in Constellation Brands Inc $STZ

Confluence Investment Management LLC lessened its holdings in shares of Constellation Brands Inc (NYSE:STZ) by 7.0% in the second quarter, HoldingsChannel.com reports. The firm owned 159,566 shares of the company’s stock after selling 12,081 shares during the period. Confluence Investment Management LLC’s holdings in Constellation Brands were worth $22,194,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Choreo LLC grew its holdings in shares of Constellation Brands by 2.1% during the fourth quarter. Choreo LLC now owns 3,116 shares of the company’s stock valued at $437,000 after buying an additional 63 shares during the last quarter. HM Payson & Co. increased its position in shares of Constellation Brands by 10.0% during the fourth quarter. HM Payson & Co. now owns 701 shares of the company’s stock worth $97,000 after acquiring an additional 64 shares in the last quarter. Clearstead Trust LLC raised its holdings in shares of Constellation Brands by 14.2% in the 4th quarter. Clearstead Trust LLC now owns 548 shares of the company’s stock worth $76,000 after acquiring an additional 68 shares during the last quarter. Johnson Financial Group Inc. raised its holdings in shares of Constellation Brands by 24.9% in the 4th quarter. Johnson Financial Group Inc. now owns 346 shares of the company’s stock worth $48,000 after acquiring an additional 69 shares during the last quarter. Finally, HB Wealth Management LLC lifted its position in Constellation Brands by 0.7% in the 1st quarter. HB Wealth Management LLC now owns 10,795 shares of the company’s stock valued at $1,619,000 after acquiring an additional 72 shares in the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Insider Activity at Constellation Brands

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 sale, the executive vice president directly owned 9,109 shares in the company, valued at approximately $1,304,773.16. This trade represents a 32.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 12.20% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Piper Sandler reiterated a “neutral” rating and set a $160.00 price target on shares of Constellation Brands in a research note on Wednesday, July 1st. Royal Bank Of Canada reissued an “outperform” rating and issued a $185.00 price objective on shares of Constellation Brands in a research note on Thursday, July 2nd. Bank of America dropped their target price on Constellation Brands from $152.00 to $145.00 and set an “underperform” rating on the stock in a report on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft cut their target price on Constellation Brands from $155.00 to $150.00 and set a “hold” rating on the stock in a research report on Thursday, July 2nd. Finally, Morgan Stanley decreased their price target on Constellation Brands from $183.00 to $158.00 and set an “equal weight” rating for the company in a report on Thursday, July 2nd. Eleven research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $167.53.

Constellation Brands Trading Up 0.8%

Shares of STZ stock opened at $131.27 on Tuesday. Constellation Brands Inc has a 52-week low of $126.45 and a 52-week high of $174.32. 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 company has a 50-day simple moving average of $137.28 and a two-hundred day simple moving average of $148.58. The company has a market capitalization of $22.42 billion, a price-to-earnings ratio of 12.53, a PEG ratio of 4.05 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last posted 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). Constellation Brands had a net margin of 18.87% and a return on equity of 25.58%. The firm had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same quarter last year, the business posted $3.22 EPS. 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. Research analysts anticipate that Constellation Brands Inc will post 11.84 EPS 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. Investors of record on Thursday, July 30th will be given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Thursday, July 30th. Constellation Brands’s dividend payout ratio (DPR) is presently 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.