Quantitative Investment Management LLC Trims Position in Constellation Brands Inc $STZ

Quantitative Investment Management LLC decreased its holdings in shares of Constellation Brands Inc (NYSE:STZ) by 44.7% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 14,641 shares of the company’s stock after selling 11,811 shares during the quarter. Quantitative Investment Management LLC’s holdings in Constellation Brands were worth $2,036,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wedbush Securities Inc. increased its position in Constellation Brands by 15.7% in the 2nd quarter. Wedbush Securities Inc. now owns 10,617 shares of the company’s stock valued at $1,477,000 after acquiring an additional 1,438 shares during the period. New Mexico Educational Retirement Board lifted its position in Constellation Brands by 6.1% during the 2nd quarter. New Mexico Educational Retirement Board now owns 6,921 shares of the company’s stock worth $963,000 after acquiring an additional 400 shares during the period. Archer Investment Corp purchased a new position in shares of Constellation Brands in the 2nd quarter valued at approximately $80,000. Public Employees Retirement System of Ohio purchased a new position in shares of Constellation Brands in the 2nd quarter valued at approximately $11,193,000. Finally, Ancora Advisors LLC acquired a new position in shares of Constellation Brands in the second quarter valued at approximately $248,000. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Constellation Brands Trading Down 0.1%

NYSE:STZ opened at $130.54 on Tuesday. Constellation Brands Inc has a 1 year low of $126.45 and a 1 year high of $168.60. 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 stock has a fifty day moving average price of $134.08 and a two-hundred day moving average price of $144.78. The stock has a market capitalization of $22.29 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 4.07 and a beta of 0.40.

Constellation Brands (NYSE:STZ) last issued its earnings results on Tuesday, June 30th. The company reported $3.43 EPS for the quarter, missing the consensus estimate of $3.70 by ($0.27). Constellation Brands had a return on equity of 25.58% and a net margin of 18.87%.The company had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.39 billion. During the same quarter in the previous year, the firm posted $3.22 earnings per share. Constellation Brands’s revenue for the quarter 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, sell-side analysts anticipate that Constellation Brands Inc will post 11.84 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, July 30th were issued a dividend of $1.03 per share. The ex-dividend date of this dividend was 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%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on STZ shares. BMO Capital Markets restated an “outperform” rating and set a $190.00 price target on shares of Constellation Brands in a research note on Thursday, July 2nd. Citigroup reiterated a “buy” rating on shares of Constellation Brands in a research report on Monday, May 18th. TD Cowen reissued a “buy” rating and issued a $174.00 price objective on shares of Constellation Brands in a research note on Wednesday, July 1st. Barclays cut their price objective on shares of Constellation Brands from $139.00 to $132.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 21st. Finally, Freedom Capital downgraded shares of Constellation Brands from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Eleven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $167.53.

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.