Constellation Brands Inc (NYSE:STZ) to Issue $1.03 Quarterly Dividend

Constellation Brands Inc (NYSE:STZ) declared a quarterly dividend on Tuesday, June 30th. Shareholders of record on Thursday, July 30th will be paid a dividend of 1.03 per share on Thursday, August 13th. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Thursday, July 30th.

Constellation Brands has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 5 consecutive years. Constellation Brands has a dividend payout ratio of 29.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Constellation Brands to earn $12.28 per share next year, which means the company should continue to be able to cover its $4.12 annual dividend with an expected future payout ratio of 33.6%.

Constellation Brands Stock Performance

Shares of Constellation Brands stock opened at $139.11 on Wednesday. The company has a quick ratio of 0.55, a current ratio of 1.08 and a debt-to-equity ratio of 1.16. Constellation Brands has a twelve month low of $126.45 and a twelve month high of $178.13. The stock has a market cap of $23.95 billion, a price-to-earnings ratio of 14.51, a P/E/G ratio of 4.12 and a beta of 0.39. The company’s fifty day moving average is $145.94 and its 200 day moving average is $150.26.

Constellation Brands (NYSE:STZ) last announced its earnings results on Tuesday, June 30th. The company reported $3.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.20 by $0.23. The business had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.39 billion. Constellation Brands had a return on equity of 26.18% and a net margin of 17.29%.Constellation Brands’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 EPS. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. Sell-side analysts forecast that Constellation Brands will post 11.78 EPS for the current year.

Insider Buying and Selling at Constellation Brands

In other news, EVP James O. Bourdeau sold 4,407 shares of Constellation Brands stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $143.24, for a total value of $631,258.68. Following the completion of the transaction, the executive vice president directly owned 9,109 shares of the company’s stock, valued at approximately $1,304,773.16. This trade represents a 32.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 12.20% of the company’s stock.

Institutional Investors Weigh In On Constellation Brands

Several large investors have recently added to or reduced their stakes in STZ. Sapient Capital LLC lifted its stake in Constellation Brands by 11.1% in the first quarter. Sapient Capital LLC now owns 2,162 shares of the company’s stock valued at $324,000 after buying an additional 216 shares during the period. Western Wealth Management LLC bought a new position in shares of Constellation Brands during the 1st quarter worth approximately $1,128,000. Pangea Capital Gestao de Recursos Ltda. acquired a new stake in shares of Constellation Brands during the 1st quarter worth approximately $300,000. NewEdge Advisors LLC grew its position in shares of Constellation Brands by 3.7% during the 1st quarter. NewEdge Advisors LLC now owns 30,554 shares of the company’s stock worth $4,583,000 after buying an additional 1,103 shares during the period. Finally, Financial Solutions Advisory Group Inc. bought a new stake in shares of Constellation Brands in the 1st quarter valued at $825,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

About Constellation Brands

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.