Vestor Capital LLC Sells 22,343 Shares of Constellation Brands Inc $STZ

Vestor Capital LLC trimmed its position in shares of Constellation Brands Inc (NYSE:STZ) by 98.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 350 shares of the company’s stock after selling 22,343 shares during the quarter. Vestor Capital LLC’s holdings in Constellation Brands were worth $53,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Capital World Investors raised its holdings in shares of Constellation Brands by 8.3% in the fourth quarter. Capital World Investors now owns 7,238,575 shares of the company’s stock valued at $998,740,000 after purchasing an additional 553,974 shares during the last quarter. State Street Corp boosted its holdings in Constellation Brands by 5.0% during the fourth quarter. State Street Corp now owns 6,911,369 shares of the company’s stock worth $953,492,000 after purchasing an additional 329,337 shares during the last quarter. Capital International Investors grew its position in Constellation Brands by 48.5% in the 4th quarter. Capital International Investors now owns 6,442,600 shares of the company’s stock worth $888,930,000 after purchasing an additional 2,105,546 shares in the last quarter. Wellington Management Group LLP grew its position in Constellation Brands by 14.0% in the 4th quarter. Wellington Management Group LLP now owns 6,018,653 shares of the company’s stock worth $830,333,000 after purchasing an additional 739,393 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Constellation Brands by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 3,739,549 shares of the company’s stock valued at $513,871,000 after buying an additional 54,184 shares during the last quarter. Institutional investors own 77.34% of the company’s stock.

Constellation Brands Stock Performance

Shares of STZ stock opened at $130.30 on Friday. 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 firm has a market cap of $22.25 billion, a price-to-earnings ratio of 12.43, a P/E/G ratio of 4.05 and a beta of 0.39. Constellation Brands Inc has a 52 week low of $126.45 and a 52 week high of $174.32. The firm’s 50-day simple moving average is $137.64 and its two-hundred day simple moving average is $148.75.

Constellation Brands (NYSE:STZ) last released its earnings results on Tuesday, June 30th. The company reported $3.43 earnings per share for the quarter, missing analysts’ consensus estimates of $3.70 by ($0.27). Constellation Brands had a net margin of 18.87% and a return on equity of 25.58%. The company had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.39 billion. During the same period in the prior year, the company earned $3.22 earnings per share. The firm’s 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. As a group, equities analysts forecast that Constellation Brands Inc will post 11.84 earnings per share for the current year.

Constellation Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Thursday, July 30th will be paid a $1.03 dividend. The ex-dividend date is Thursday, July 30th. This represents a $4.12 annualized dividend and a yield of 3.2%. Constellation Brands’s dividend payout ratio is presently 39.31%.

Analysts Set New Price Targets

Several equities analysts have commented on STZ shares. Citigroup reissued a “buy” rating on shares of Constellation Brands in a research report on Monday, May 18th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Constellation Brands in a report on Wednesday, July 1st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Constellation Brands in a research report on Monday, May 4th. Barclays dropped their price target on Constellation Brands from $139.00 to $132.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 21st. Finally, Deutsche Bank Aktiengesellschaft cut their price objective 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. Eleven research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $167.53.

Insiders Place Their Bets

In other Constellation Brands 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 completion of the transaction, the executive vice president directly owned 9,109 shares of the company’s stock, valued at approximately $1,304,773.16. This represents a 32.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 12.20% of the company’s stock.

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.