Mattson Financial Services LLC Has $857,000 Stock Position in Constellation Brands Inc $STZ

Mattson Financial Services LLC boosted its position in shares of Constellation Brands Inc (NYSE:STZ) by 34.8% in the first quarter, Holdings Channel.com reports. The firm owned 4,667 shares of the company’s stock after purchasing an additional 1,205 shares during the period. Mattson Financial Services LLC’s holdings in Constellation Brands were worth $857,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Geneos Wealth Management Inc. increased its position in Constellation Brands by 9.9% during the first quarter. Geneos Wealth Management Inc. now owns 813 shares of the company’s stock worth $149,000 after buying an additional 73 shares during the last quarter. IFM Investors Pty Ltd increased its position in Constellation Brands by 4.7% during the first quarter. IFM Investors Pty Ltd now owns 33,883 shares of the company’s stock worth $6,218,000 after buying an additional 1,533 shares during the last quarter. Intech Investment Management LLC increased its position in Constellation Brands by 1,785.9% during the first quarter. Intech Investment Management LLC now owns 59,443 shares of the company’s stock worth $10,909,000 after buying an additional 56,291 shares during the last quarter. Flaharty Asset Management LLC acquired a new position in Constellation Brands during the first quarter worth $39,000. Finally, Integrity Alliance LLC. acquired a new position in Constellation Brands during the first quarter worth $513,000. 77.34% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP James O. Bourdeau sold 821 shares of the stock in a transaction on Monday, July 21st. The shares were sold at an average price of $169.00, for a total value of $138,749.00. Following the completion of the transaction, the executive vice president owned 9,438 shares in the company, valued at approximately $1,595,022. This represents a 8.00% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 12.45% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on STZ. Morgan Stanley lowered their target price on shares of Constellation Brands from $195.00 to $176.00 and set an “equal weight” rating on the stock in a research report on Wednesday, September 3rd. BNP Paribas Exane lowered shares of Constellation Brands from a “neutral” rating to an “underperform” rating and set a $123.00 target price for the company. in a research report on Wednesday, September 3rd. Needham & Company LLC cut their target price on shares of Constellation Brands from $200.00 to $180.00 and set a “buy” rating for the company in a research report on Wednesday, September 3rd. Zacks Research lowered shares of Constellation Brands from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Finally, TD Cowen cut their target price on shares of Constellation Brands from $180.00 to $152.00 and set a “hold” rating for the company in a research report on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, Constellation Brands presently has an average rating of “Hold” and an average target price of $194.36.

Constellation Brands Trading Down 0.0%

Shares of STZ opened at $142.89 on Friday. Constellation Brands Inc has a 12-month low of $142.25 and a 12-month high of $261.06. The firm has a market capitalization of $25.19 billion, a price-to-earnings ratio of -59.79, a P/E/G ratio of 0.43 and a beta of 0.67. The company has a quick ratio of 0.68, a current ratio of 1.07 and a debt-to-equity ratio of 1.30. The stock’s 50-day moving average price is $165.22 and its 200 day moving average price is $174.40.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Tuesday, July 1st. The company reported $3.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.45 by ($0.23). Constellation Brands had a negative net margin of 4.11% and a positive return on equity of 31.41%. The business had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the prior year, the company posted $3.57 EPS. The company’s quarterly revenue was down 5.5% compared to the same quarter last year. Constellation Brands has set its FY 2026 guidance at 12.600-12.900 EPS. As a group, research analysts predict that Constellation Brands Inc will post 13.5 earnings per share for the current year.

Constellation Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Wednesday, July 30th were paid a $1.02 dividend. The ex-dividend date was Wednesday, July 30th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.9%. Constellation Brands’s dividend payout ratio is currently -170.71%.

Constellation Brands Company Profile

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.