Constellation Brands Inc $STZ Shares Sold by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd trimmed its stake in Constellation Brands Inc (NYSE:STZ) by 4.2% during the first quarter, HoldingsChannel reports. The institutional investor owned 90,450 shares of the company’s stock after selling 3,955 shares during the period. Mediolanum International Funds Ltd’s holdings in Constellation Brands were worth $13,658,000 as of its most recent SEC filing.

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

Insider Buying and Selling at Constellation Brands

In other news, EVP James O. Bourdeau sold 4,407 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $143.24, for a total value of $631,258.68. Following the transaction, the executive vice president owned 9,109 shares of the company’s stock, valued at approximately $1,304,773.16. The trade was a 32.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 12.20% of the company’s stock.

Constellation Brands Price Performance

Shares of STZ opened at $133.16 on Monday. Constellation Brands Inc has a fifty-two week low of $126.45 and a fifty-two week high of $178.13. The company has a market capitalization of $22.74 billion, a price-to-earnings ratio of 12.71, a price-to-earnings-growth ratio of 4.14 and a beta of 0.39. The firm has a 50-day simple moving average of $140.50 and a 200-day simple moving average of $149.57. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.48 and a current ratio of 0.91.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Tuesday, June 30th. The company reported $3.43 earnings per share (EPS) 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 analysts’ expectations of $2.39 billion. Constellation Brands had a return on equity of 25.58% and a net margin of 18.87%.The business’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the business earned $3.22 EPS. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. On average, equities research analysts anticipate that Constellation Brands Inc will post 11.82 earnings per share for the current year.

Constellation Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th will be paid a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Thursday, July 30th. Constellation Brands’s dividend payout ratio (DPR) is 39.31%.

Analyst Ratings Changes

STZ has been the subject of a number of research analyst reports. Morgan Stanley decreased their target price on Constellation Brands from $183.00 to $158.00 and set an “equal weight” rating for the company in a research report on Thursday, July 2nd. Bank of America cut their price target on Constellation Brands from $152.00 to $145.00 and set an “underperform” rating on the stock in a research report on Thursday, July 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $185.00 price objective on shares of Constellation Brands in a research note on Thursday, July 2nd. Citigroup reissued a “buy” rating on shares of Constellation Brands in a report on Monday, May 18th. Finally, Jefferies Financial Group set a $147.00 target price on shares of Constellation Brands in a research report on Thursday, July 2nd. Eleven 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $167.89.

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.