Raab & Moskowitz Asset Management LLC Sells 1,061 Shares of Constellation Brands Inc $STZ

Raab & Moskowitz Asset Management LLC decreased its position in Constellation Brands Inc (NYSE:STZ) by 26.0% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 3,018 shares of the company’s stock after selling 1,061 shares during the period. Raab & Moskowitz Asset Management LLC’s holdings in Constellation Brands were worth $554,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Minot DeBlois Advisors LLC bought a new position in shares of Constellation Brands in the 4th quarter worth about $29,000. Laurel Wealth Advisors LLC acquired a new stake in Constellation Brands during the first quarter worth approximately $32,000. Rakuten Securities Inc. increased its holdings in Constellation Brands by 805.0% in the first quarter. Rakuten Securities Inc. now owns 181 shares of the company’s stock worth $33,000 after purchasing an additional 161 shares in the last quarter. Zions Bancorporation National Association UT bought a new stake in Constellation Brands in the first quarter worth approximately $38,000. Finally, WPG Advisers LLC acquired a new position in Constellation Brands in the first quarter valued at approximately $43,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Constellation Brands Trading Up 1.7%

NYSE:STZ opened at $148.38 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.07 and a quick ratio of 0.68. Constellation Brands Inc has a one year low of $144.81 and a one year high of $261.06. The company has a market cap of $26.16 billion, a PE ratio of -62.08, a PEG ratio of 0.45 and a beta of 0.67. The firm has a 50-day moving average of $167.18 and a 200-day moving average of $175.26.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results 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). The company had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.57 billion. Constellation Brands had a negative net margin of 4.11% and a positive return on equity of 31.41%. Constellation Brands’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $3.57 EPS. Constellation Brands has set its FY 2026 guidance at 12.600-12.900 EPS. As a group, equities research analysts expect that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Wednesday, July 30th were given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Wednesday, July 30th. Constellation Brands’s dividend payout ratio is presently -170.71%.

Insiders Place Their Bets

In other Constellation Brands news, EVP James O. Bourdeau sold 821 shares of the firm’s stock in a transaction on Monday, July 21st. The stock was sold at an average price of $169.00, for a total transaction of $138,749.00. Following the transaction, the executive vice president directly owned 9,438 shares in the company, valued at approximately $1,595,022. This trade represents a 8.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 12.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Wells Fargo & Company reduced their price objective on shares of Constellation Brands from $196.00 to $170.00 and set an “overweight” rating for the company in a research report on Wednesday. The Goldman Sachs Group reduced their price target on shares of Constellation Brands from $225.00 to $196.00 and set a “buy” rating for the company in a report on Tuesday. JPMorgan Chase & Co. lifted their price target on shares of Constellation Brands from $170.00 to $182.00 and gave the company a “neutral” rating in a research note on Thursday, July 3rd. Cowen reissued a “hold” rating on shares of Constellation Brands in a research report on Monday, July 7th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Constellation Brands from $182.00 to $158.00 and set a “hold” rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Constellation Brands presently has an average rating of “Moderate Buy” and an average price target of $194.36.

Constellation Brands 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.