Royal Bank of Canada Sells 115,787 Shares of Constellation Brands Inc $STZ

Royal Bank of Canada trimmed its holdings in Constellation Brands Inc (NYSE:STZ) by 17.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 539,057 shares of the company’s stock after selling 115,787 shares during the quarter. Royal Bank of Canada’s holdings in Constellation Brands were worth $80,859,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. MV Capital Management Inc. bought a new stake in Constellation Brands during the fourth quarter worth about $26,000. Stance Capital LLC purchased a new position in shares of Constellation Brands during the third quarter valued at approximately $26,000. Strive Financial Group LLC purchased a new position in shares of Constellation Brands during the fourth quarter valued at approximately $27,000. Cedar Mountain Advisors LLC bought a new stake in shares of Constellation Brands in the 1st quarter worth approximately $33,000. Finally, Root Financial Partners LLC boosted its position in shares of 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 purchasing an additional 155 shares in the last quarter. 77.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on STZ shares. 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 note on Thursday, July 2nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Constellation Brands in a report on Monday, May 4th. 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 note on Thursday, July 2nd. Jefferies Financial Group set a $147.00 price target on Constellation Brands in a research report on Thursday, July 2nd. Finally, Evercore set a $175.00 price target on shares of Constellation Brands and gave the stock an “outperform” rating in a research note on Friday, April 10th. Eleven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued 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 $167.53.

Constellation Brands Stock Performance

Shares of STZ stock opened at $130.30 on Friday. The company has a 50 day moving average price of $137.64 and a 200-day moving average price of $148.75. Constellation Brands Inc has a 52 week low of $126.45 and a 52 week high of $174.32. The firm has a market capitalization of $22.25 billion, a PE ratio of 12.43, a P/E/G ratio of 4.06 and a beta of 1.75. 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 data on Tuesday, June 30th. The company reported $3.43 earnings per share for the quarter, missing the consensus estimate 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 net margin of 18.87% and a return on equity of 25.58%. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the previous year, the firm earned $3.22 earnings per share. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. As a group, equities research analysts expect that Constellation Brands Inc will post 11.84 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 dividend of $1.03 per share. The ex-dividend date is Thursday, July 30th. This represents a $4.12 dividend on an annualized basis and a yield of 3.2%. Constellation Brands’s payout ratio is currently 39.31%.

Insider Buying and Selling at Constellation Brands

In other news, EVP James O. Bourdeau sold 4,407 shares of the 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 transaction, the executive vice president directly owned 9,109 shares of the company’s stock, valued at $1,304,773.16. This represents a 32.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 12.20% of the stock is owned by insiders.

Constellation Brands 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.