Occidental Asset Management LLC Raises Stock Holdings in Constellation Brands Inc $STZ

Occidental Asset Management LLC increased its position in Constellation Brands Inc (NYSE:STZ) by 3.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,958 shares of the company’s stock after purchasing an additional 516 shares during the period. Occidental Asset Management LLC’s holdings in Constellation Brands were worth $2,596,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC purchased a new stake in Constellation Brands in the first quarter worth $32,000. Rakuten Securities Inc. grew its stake in Constellation Brands by 805.0% in the first quarter. Rakuten Securities Inc. now owns 181 shares of the company’s stock worth $33,000 after purchasing an additional 161 shares during the period. Zions Bancorporation National Association UT purchased a new stake in Constellation Brands in the first quarter worth $38,000. Flaharty Asset Management LLC purchased a new stake in Constellation Brands in the first quarter worth $39,000. Finally, WPG Advisers LLC bought a new stake in Constellation Brands in the first quarter worth $43,000. 77.34% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Constellation Brands 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 12.45% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on STZ. Raymond James Financial raised Constellation Brands to a “strong-buy” rating in a report on Monday, July 7th. TD Cowen dropped their target price on Constellation Brands from $180.00 to $152.00 and set a “hold” rating on the stock in a report on Thursday, September 4th. BMO Capital Markets dropped their target price on Constellation Brands from $215.00 to $190.00 and set an “outperform” rating on the stock in a report on Thursday, September 4th. Wells Fargo & Company dropped their target price on Constellation Brands from $196.00 to $170.00 and set an “overweight” rating on the stock in a report on Wednesday, September 3rd. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Constellation Brands from $182.00 to $158.00 and set a “hold” rating on the stock in a report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given 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 a consensus rating of “Hold” and a consensus price target of $192.28.

Constellation Brands Trading Up 0.4%

Shares of NYSE STZ opened at $133.52 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 1.07 and a debt-to-equity ratio of 1.30. The business has a fifty day simple moving average of $160.22 and a two-hundred day simple moving average of $172.28. The firm has a market cap of $23.54 billion, a PE ratio of -55.86, a price-to-earnings-growth ratio of 0.40 and a beta of 0.67. Constellation Brands Inc has a twelve month low of $131.82 and a twelve month high of $261.06.

Constellation Brands (NYSE:STZ) last issued 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 negative net margin of 4.11% and a positive return on equity of 31.41%. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same period last year, the firm earned $3.57 earnings per share. Constellation Brands has set its FY 2026 guidance at 12.600-12.900 EPS. Analysts expect that Constellation Brands Inc will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Wednesday, July 30th were given 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 yield of 3.1%. Constellation Brands’s payout ratio is -170.71%.

About Constellation Brands

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.