Constellation Brands Inc $STZ Shares Sold by LifePlan Financial LLC

LifePlan Financial LLC reduced its position in shares of Constellation Brands Inc (NYSE:STZ) by 11.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,169 shares of the company’s stock after selling 412 shares during the period. LifePlan Financial LLC’s holdings in Constellation Brands were worth $516,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Constellation Brands by 18.6% in the first quarter. Vanguard Group Inc. now owns 18,417,604 shares of the company’s stock worth $3,379,999,000 after purchasing an additional 2,882,817 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Constellation Brands by 127.9% in the 1st quarter. Wellington Management Group LLP now owns 4,480,788 shares of the company’s stock valued at $822,314,000 after purchasing an additional 2,514,517 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Constellation Brands by 7.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,922,122 shares of the company’s stock valued at $352,748,000 after purchasing an additional 139,158 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Constellation Brands by 4.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,693,827 shares of the company’s stock valued at $310,851,000 after purchasing an additional 76,186 shares during the period. Finally, Northern Trust Corp lifted its stake in Constellation Brands by 1.2% in the 1st quarter. Northern Trust Corp now owns 1,534,357 shares of the company’s stock worth $281,585,000 after acquiring an additional 17,832 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors.

Insider Activity at Constellation Brands

In related news, EVP James O. Bourdeau sold 821 shares of Constellation Brands stock in a transaction on Monday, July 21st. The stock was sold at an average price of $169.00, for a total transaction of $138,749.00. Following the completion of the sale, the executive vice president directly owned 9,438 shares of the company’s stock, valued at $1,595,022. The trade was a 8.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 12.45% of the stock is currently owned by company insiders.

Constellation Brands Trading Down 2.9%

Shares of STZ opened at $135.38 on Tuesday. The stock has a fifty day moving average price of $163.86 and a two-hundred day moving average price of $173.83. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.68 and a current ratio of 1.07. Constellation Brands Inc has a 52-week low of $135.25 and a 52-week high of $261.06. The company has a market cap of $23.87 billion, a price-to-earnings ratio of -56.64, a PEG ratio of 0.42 and a beta of 0.67.

Constellation Brands (NYSE:STZ) last released its earnings results on Tuesday, July 1st. The company reported $3.22 earnings per share for the quarter, missing analysts’ consensus estimates of $3.45 by ($0.23). The firm had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.57 billion. Constellation Brands had a positive return on equity of 31.41% and a negative net margin of 4.11%.The company’s revenue was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.57 EPS. Constellation Brands has set its FY 2026 guidance at 12.600-12.900 EPS. Analysts predict that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Wednesday, July 30th were paid a dividend of $1.02 per share. The ex-dividend date of this dividend was Wednesday, July 30th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.0%. Constellation Brands’s payout ratio is -170.71%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Constellation Brands from $182.00 to $158.00 and set a “hold” rating for the company in a research note on Wednesday, September 3rd. Piper Sandler boosted their price target on Constellation Brands from $165.00 to $170.00 and gave the company a “neutral” rating in a research note on Friday, June 6th. Wells Fargo & Company lowered their price target on Constellation Brands from $196.00 to $170.00 and set an “overweight” rating for the company in a research note on Wednesday, September 3rd. TD Cowen lowered their price target on Constellation Brands from $180.00 to $152.00 and set a “hold” rating for the company in a research note on Thursday, September 4th. Finally, Cowen reissued a “hold” rating on shares of Constellation Brands in a research note on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $192.28.

Constellation Brands Company Profile

Constellation Brands, Inc, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company provides beer primarily under the Corona Extra, Corona Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands.