Constellation Brands (NYSE:STZ) Stock Price Down 6.2% – Here’s What Happened

Constellation Brands Inc (NYSE:STZ) traded down 6.2% on Monday . The stock traded as low as $131.35 and last traded at $130.5660. 635,500 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 2,231,391 shares. The stock had previously closed at $139.18.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and set a $185.00 price target on shares of Constellation Brands in a research note on Thursday, July 2nd. Wells Fargo & Company dropped their price objective on shares of Constellation Brands from $185.00 to $170.00 and set an “overweight” rating for the company in a report on Monday, June 29th. UBS Group cut their target price on shares of Constellation Brands from $186.00 to $175.00 and set a “buy” rating on the stock in a research note on Wednesday, June 17th. TD Cowen reiterated a “buy” rating and set a $174.00 target price on shares of Constellation Brands in a report on Wednesday, July 1st. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Constellation Brands from $155.00 to $150.00 and set a “hold” rating for the company in a research report on Thursday, July 2nd. Eleven investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $167.53.

Constellation Brands Stock Down 5.7%

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 company has a market cap of $22.43 billion, a price-to-earnings ratio of 12.53, a price-to-earnings-growth ratio of 4.33 and a beta of 0.40. The business has a 50-day simple moving average of $136.19 and a 200-day simple moving average of $146.95.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Tuesday, June 30th. The company reported $3.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.70 by ($0.27). Constellation Brands had a net margin of 18.87% and a return on equity of 25.58%. The company had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same quarter in the previous year, the business posted $3.22 EPS. The business’s quarterly revenue was down 3.3% compared to the same quarter last year. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. On average, equities analysts anticipate that Constellation Brands Inc will post 11.84 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, July 30th were paid a $1.03 dividend. The ex-dividend date was Thursday, July 30th. This represents a $4.12 dividend on an annualized basis and a yield of 3.1%. Constellation Brands’s payout ratio is currently 39.31%.

Institutional Investors Weigh In On Constellation Brands

Large investors have recently modified their holdings of the company. Choreo LLC raised its stake in shares of Constellation Brands by 2.1% during the fourth quarter. Choreo LLC now owns 3,116 shares of the company’s stock valued at $437,000 after acquiring an additional 63 shares in the last quarter. HM Payson & Co. grew its stake in Constellation Brands by 10.0% in the fourth quarter. HM Payson & Co. now owns 701 shares of the company’s stock worth $97,000 after purchasing an additional 64 shares in the last quarter. Clearstead Trust LLC increased its holdings in Constellation Brands by 14.2% during the 4th quarter. Clearstead Trust LLC now owns 548 shares of the company’s stock worth $76,000 after purchasing an additional 68 shares during the period. Johnson Financial Group Inc. increased its holdings in Constellation Brands by 24.9% during the 4th quarter. Johnson Financial Group Inc. now owns 346 shares of the company’s stock worth $48,000 after purchasing an additional 69 shares during the period. Finally, HB Wealth Management LLC raised its position in Constellation Brands by 0.7% during the 1st quarter. HB Wealth Management LLC now owns 10,795 shares of the company’s stock valued at $1,619,000 after purchasing an additional 72 shares in the last quarter. 77.34% of the stock is owned by hedge funds and other institutional investors.

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.