Constellation Brands Inc $STZ Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company cut its holdings in shares of Constellation Brands Inc (NYSE:STZ) by 5.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 75,915 shares of the company’s stock after selling 4,592 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Constellation Brands were worth $11,387,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Maverick Capital Ltd. purchased a new stake in Constellation Brands during the 1st quarter valued at about $356,000. Quantinno Capital Management LP lifted its stake in Constellation Brands by 16.1% in the 1st quarter. Quantinno Capital Management LP now owns 45,695 shares of the company’s stock worth $6,854,000 after purchasing an additional 6,333 shares in the last quarter. Lazard Asset Management LLC purchased a new position in Constellation Brands in the 1st quarter worth approximately $518,000. OMERS ADMINISTRATION Corp boosted its holdings in shares of Constellation Brands by 27.9% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 7,539 shares of the company’s stock worth $1,131,000 after purchasing an additional 1,646 shares during the last quarter. Finally, Entropy Technologies LP grew its position in shares of Constellation Brands by 43.0% in the first quarter. Entropy Technologies LP now owns 15,661 shares of the company’s stock valued at $2,349,000 after purchasing an additional 4,709 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Constellation Brands Price Performance

NYSE:STZ opened at $131.27 on Tuesday. Constellation Brands Inc has a 52 week low of $126.45 and a 52 week high of $174.32. The company has a quick ratio of 0.48, a current ratio of 0.91 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $22.42 billion, a P/E ratio of 12.53, a P/E/G ratio of 4.05 and a beta of 1.75. The stock’s fifty day moving average is $137.28 and its two-hundred day moving average is $148.58.

Constellation Brands (NYSE:STZ) last released its quarterly 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). The business 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 revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.22 earnings per share. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. Equities analysts expect that Constellation Brands Inc will post 11.84 EPS 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 given a $1.03 dividend. The ex-dividend date of this dividend is Thursday, July 30th. This represents a $4.12 dividend on an annualized basis and a yield of 3.1%. Constellation Brands’s dividend payout ratio is presently 39.31%.

Analysts Set New Price Targets

STZ has been the subject of several recent research reports. Morgan Stanley cut their price target on Constellation Brands from $183.00 to $158.00 and set an “equal weight” rating for the company in a report on Thursday, July 2nd. JPMorgan Chase & Co. lowered their price objective on Constellation Brands from $169.00 to $165.00 and set a “neutral” rating on the stock in a research note on Thursday, July 2nd. BMO Capital Markets restated an “outperform” rating and issued a $190.00 target price on shares of Constellation Brands in a report on Thursday, July 2nd. Piper Sandler reaffirmed a “neutral” rating and issued a $160.00 target price on shares of Constellation Brands in a research note on Wednesday, July 1st. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of 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. Based on data from MarketBeat.com, Constellation Brands currently has an average 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 dated Tuesday, May 12th. The shares were 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 owned 9,109 shares of the company’s stock, valued at $1,304,773.16. This trade represents a 32.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 12.20% of the stock is currently owned by company insiders.

Constellation Brands Company 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.