APG Asset Management N.V. Sells 2,000 Shares of Constellation Brands Inc $STZ

APG Asset Management N.V. reduced its stake in Constellation Brands Inc (NYSE:STZ) by 2.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 97,500 shares of the company’s stock after selling 2,000 shares during the period. APG Asset Management N.V. owned approximately 0.05% of Constellation Brands worth $16,565,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of STZ. Minot DeBlois Advisors LLC bought a new position in shares of Constellation Brands in the fourth quarter valued at approximately $29,000. Optiver Holding B.V. bought a new position in shares of Constellation Brands in the fourth quarter valued at approximately $31,000. Laurel Wealth Advisors LLC bought a new position in shares of Constellation Brands in the first quarter valued at approximately $32,000. Rakuten Securities Inc. raised its stake in shares of Constellation Brands by 805.0% in the first quarter. Rakuten Securities Inc. now owns 181 shares of the company’s stock valued at $33,000 after acquiring an additional 161 shares during the last quarter. Finally, Zions Bancorporation National Association UT bought a new position in shares of Constellation Brands in the first quarter valued at approximately $38,000. Institutional investors own 77.34% of the company’s stock.

Insider Buying and Selling at Constellation Brands

In related news, EVP James O. Bourdeau sold 821 shares of the business’s stock in a transaction that occurred on Monday, July 21st. The shares were 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 12.45% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Needham & Company LLC lifted their target price on shares of Constellation Brands from $195.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, July 3rd. The Goldman Sachs Group set a $225.00 price target on shares of Constellation Brands and gave the company a “buy” rating in a research note on Friday, June 27th. Barclays set a $202.00 price target on shares of Constellation Brands and gave the company an “overweight” rating in a research note on Thursday, June 26th. Cowen reissued a “hold” rating on shares of Constellation Brands in a research note on Monday, July 7th. Finally, UBS Group increased their price target on shares of Constellation Brands from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, July 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, Constellation Brands has a consensus rating of “Moderate Buy” and a consensus price target of $213.74.

Constellation Brands Trading Up 1.6%

STZ opened at $167.5020 on Monday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.07 and a quick ratio of 0.68. The company has a market cap of $29.53 billion, a price-to-earnings ratio of -70.08, a price-to-earnings-growth ratio of 10.15 and a beta of 0.67. The firm has a 50 day simple moving average of $168.36 and a 200 day simple moving average of $176.01. Constellation Brands Inc has a fifty-two week low of $159.35 and a fifty-two week high of $261.06.

Constellation Brands (NYSE:STZ) last posted its quarterly 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 business had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.57 billion. Constellation Brands had a positive return on equity of 31.41% and a negative net margin of 4.11%.The company’s quarterly revenue 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. On average, sell-side analysts anticipate that Constellation Brands Inc will post 13.5 earnings per share for the current year.

Constellation Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Wednesday, July 30th were paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Wednesday, July 30th. 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.