Diamond Hill Capital Management LLC Investment Advisor Makes New Investment in Constellation Brands Inc $STZ

Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of Constellation Brands Inc (NYSE:STZ) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 227,061 shares of the company’s stock, valued at approximately $31,582,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. MV Capital Management Inc. bought a new stake in shares of Constellation Brands during the 4th quarter worth about $26,000. Stance Capital LLC bought a new position in shares of Constellation Brands in the 3rd quarter valued at approximately $26,000. Strive Financial Group LLC bought a new position in shares of Constellation Brands in the 4th quarter valued at approximately $27,000. Elyxium Wealth LLC acquired a new stake in Constellation Brands in the 4th quarter worth approximately $33,000. Finally, Root Financial Partners LLC lifted its holdings in Constellation Brands by 231.3% in the 1st quarter. Root Financial Partners LLC now owns 222 shares of the company’s stock worth $33,000 after purchasing an additional 155 shares during the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on STZ shares. Needham & Company LLC reiterated a “buy” rating and set a $185.00 price target on shares of Constellation Brands in a report on Thursday, July 2nd. Weiss Ratings restated a “hold (c-)” rating on shares of Constellation Brands in a research note on Friday, July 31st. BMO Capital Markets restated an “outperform” rating and issued a $190.00 price objective on shares of Constellation Brands in a research note on Thursday, July 2nd. Morgan Stanley lowered their target price on shares of Constellation Brands from $183.00 to $158.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 2nd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $185.00 target price on shares of Constellation Brands in a report on Thursday, July 2nd. Eleven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $167.53.

Constellation Brands Stock Down 0.0%

STZ opened at $139.16 on Monday. Constellation Brands Inc has a 1-year low of $126.45 and a 1-year high of $171.00. The company has a current ratio of 0.91, a quick ratio of 0.48 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $23.77 billion, a price-to-earnings ratio of 13.28, a P/E/G ratio of 4.33 and a beta of 0.40. The business has a 50 day moving average of $136.19 and a 200-day moving average of $146.95.

Constellation Brands (NYSE:STZ) last announced its earnings results on Tuesday, June 30th. The company reported $3.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.70 by ($0.27). Constellation Brands had a return on equity of 25.58% and a net margin of 18.87%.The company had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.39 billion. During the same period last year, the firm posted $3.22 EPS. The company’s 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. As a group, sell-side analysts anticipate that Constellation Brands Inc will post 11.84 earnings per share for the current year.

Constellation Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th were given a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 3.0%. The ex-dividend date was Thursday, July 30th. Constellation Brands’s dividend payout ratio (DPR) is currently 39.31%.

Constellation Brands Company Profile

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.