BlackRock Amends Constellation Brands Stake (SC 13G/A)
Ticker: STZ · Form: SC 13G/A · Filed: Jan 29, 2024 · CIK: 16918
| Field | Detail |
|---|---|
| Company | Constellation Brands, Inc. (STZ) |
| Form Type | SC 13G/A |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its passive stake in Constellation Brands; no major red flags.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 29, 2024, indicating a change in its ownership of Constellation Brands Inc. Class A Common Stock as of December 31, 2023. This filing, Amendment No. 9, shows BlackRock's updated passive investment stake in the beverage company. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in its investment strategy or outlook on Constellation Brands, potentially influencing other investors.
Why It Matters
This filing updates BlackRock's passive ownership in Constellation Brands, providing transparency on a significant institutional investor's position, which can impact market sentiment.
Risk Assessment
Risk Level: low — This is a routine amendment by a passive institutional investor, indicating no immediate high-risk events for the company.
Analyst Insight
Investors should note BlackRock's continued passive interest in Constellation Brands, but this filing alone doesn't suggest a need for immediate action. It's a routine update from a large institutional investor.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Constellation Brands Inc. (company) — the subject company whose Class A Common Stock is being reported
- December 31, 2023 (date) — the date of the event requiring this filing
- January 29, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 9)' sections.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., as indicated under the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
What company's stock is the subject of this filing?
The subject company is CONSTELLATION BRANDS, INC., specifically its Class A Common Stock, as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CONSTELLATION BRANDS, INC.' and 'Title of Class of Securities: Class A Common Stock'.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified in the 'Date of Event Which Requires Filing of this Statement' section.
What rule under the Securities Exchange Act of 1934 is this Schedule 13G filed under?
This Schedule 13G is filed under Rule 13d-1(b), as indicated by the '[X] Rule 13d-1(b)' checkbox on the cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 29, 2024 regarding CONSTELLATION BRANDS, INC. (STZ).