Quantinno Capital Management LP Purchases 6,333 Shares of Constellation Brands Inc $STZ

Quantinno Capital Management LP grew its holdings in Constellation Brands Inc (NYSE:STZ) by 16.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 45,695 shares of the company’s stock after purchasing an additional 6,333 shares during the quarter. Quantinno Capital Management LP’s holdings in Constellation Brands were worth $6,854,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. MV Capital Management Inc. acquired a new position in shares of Constellation Brands during the 4th quarter worth about $26,000. Stance Capital LLC acquired a new stake in Constellation Brands in the 3rd quarter valued at approximately $26,000. Strive Financial Group LLC acquired a new stake in Constellation Brands in the 4th quarter valued at approximately $27,000. Elyxium Wealth LLC bought a new position in Constellation Brands in the 4th quarter worth approximately $33,000. Finally, Root Financial Partners LLC increased its position in Constellation Brands by 231.3% in the 1st quarter. Root Financial Partners LLC now owns 222 shares of the company’s stock worth $33,000 after buying an additional 155 shares during the period. 77.34% of the stock is currently owned by institutional investors.

Constellation Brands Trading Down 0.7%

Shares of Constellation Brands stock opened at $130.55 on Thursday. Constellation Brands Inc has a 12-month low of $126.45 and a 12-month high of $174.32. The stock has a market capitalization of $22.29 billion, a P/E ratio of 12.46, a price-to-earnings-growth ratio of 4.09 and a beta of 0.40. The company has a 50-day simple moving average of $136.68 and a 200 day simple moving average of $148.20. The company has a quick ratio of 0.48, a current ratio of 0.91 and a debt-to-equity ratio of 1.06.

Constellation Brands (NYSE:STZ) last released its quarterly 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). The firm had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.39 billion. Constellation Brands had a net margin of 18.87% and a return on equity of 25.58%. Constellation Brands’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $3.22 earnings per share. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. Research analysts expect that Constellation Brands Inc will post 11.84 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently announced 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. This represents a $4.12 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Thursday, July 30th. Constellation Brands’s payout ratio is presently 39.31%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. TD Cowen reiterated a “buy” rating and set a $174.00 price target on shares of Constellation Brands in a report on Wednesday, July 1st. Evercore set a $175.00 target price on shares of Constellation Brands and gave the stock an “outperform” rating in a research report on Friday, April 10th. Piper Sandler reiterated a “neutral” rating and set a $160.00 target price 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 target on shares of Constellation Brands in a report on Thursday, July 2nd. Finally, Freedom Capital lowered shares of Constellation Brands from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Eleven equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $167.53.

Insider Buying and Selling

In related news, EVP James O. Bourdeau sold 4,407 shares of the stock in a transaction that occurred 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 $1,304,773.16. This represents a 32.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 12.20% of the stock is currently owned by company insiders.

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.