Pacer Advisors Inc. Sells 161,725 Shares of Constellation Brands Inc $STZ

Pacer Advisors Inc. cut its holdings in Constellation Brands Inc (NYSE:STZ) by 17.8% in the first quarter, HoldingsChannel reports. The firm owned 746,742 shares of the company’s stock after selling 161,725 shares during the quarter. Pacer Advisors Inc.’s holdings in Constellation Brands were worth $112,011,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. MV Capital Management Inc. bought a new position in Constellation Brands during the fourth quarter valued at $26,000. Stance Capital LLC bought a new stake in shares of Constellation Brands in the 3rd quarter worth about $26,000. Strive Financial Group LLC bought a new stake in shares of Constellation Brands in the 4th quarter worth about $27,000. Elyxium Wealth LLC purchased a new stake in shares of Constellation Brands during the 4th quarter valued at about $33,000. Finally, Root Financial Partners LLC raised its position in shares of Constellation Brands by 231.3% during the 1st quarter. Root Financial Partners LLC now owns 222 shares of the company’s stock valued at $33,000 after buying an additional 155 shares in the last quarter. 77.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

STZ has been the subject of a number of analyst reports. Freedom Capital downgraded shares of Constellation Brands from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Barclays decreased their price objective on Constellation Brands from $139.00 to $132.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 21st. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Constellation Brands in a research note on Wednesday, July 1st. Evercore set a $175.00 target price on Constellation Brands and gave the stock an “outperform” rating in a report on Friday, April 10th. Finally, Jefferies Financial Group set a $147.00 target price on Constellation Brands in a research report on Thursday, July 2nd. Eleven equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $167.53.

Constellation Brands Price Performance

STZ stock opened at $130.30 on Monday. The stock has a market cap of $22.25 billion, a PE ratio of 12.43, a P/E/G ratio of 4.05 and a beta of 0.40. Constellation Brands Inc has a 12 month low of $126.45 and a 12 month high of $174.32. The company has a 50-day moving average price of $137.64 and a 200 day moving average price of $148.73. The company has a current ratio of 0.91, a quick ratio of 0.48 and a debt-to-equity ratio of 1.06.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data 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 firm had revenue of $2.43 billion during 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 period last year, the company earned $3.22 earnings per share. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. Equities research analysts anticipate that Constellation Brands Inc will post 11.84 earnings per share for the current year.

Constellation Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Thursday, July 30th will be paid a dividend of $1.03 per share. The ex-dividend date of this dividend is Thursday, July 30th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.2%. Constellation Brands’s dividend 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 that occurred on Tuesday, May 12th. The stock was sold at an average price of $143.24, for a total value of $631,258.68. Following the sale, the executive vice president directly owned 9,109 shares in the company, 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 filing with the SEC, which can be accessed through the SEC website. Insiders own 12.20% of the company’s stock.

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.