Allspring Global Investments Holdings LLC has reduced its position in Constellation Brands Inc. by 62.5% during the second quarter, as disclosed in a recent SEC filing. The investment firm sold 10,755 shares, leaving them with 6,451 shares valued at approximately $1.074 million at the end of the reporting period. This move comes as other institutional investors have also been adjusting their holdings in the beverage company. In other news, Constellation Brands announced a quarterly dividend of $1.02 per share. The dividend is payable on November 13th to shareholders of record on October 30th. This represents an annualized dividend of $4.08, yielding 2.9%. The company's dividend payout ratio is currently 59.56%. These announcements did not appear to have a significant immediate impact on the company's stock price in the absence of broader market-moving news for the company. The change in Allspring's position is part of the regular movement of institutional ownership and is not necessarily indicative of a major shift in the company's outlook.