Madison Asset Management LLC Makes New Investment in Constellation Brands Inc $STZ

Madison Asset Management LLC acquired a new position in shares of Constellation Brands Inc (NYSE:STZ) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 58,900 shares of the company’s stock, valued at approximately $8,192,000.

Several other institutional investors and hedge funds also recently made changes to their positions in STZ. HM Payson & Co. increased its stake in shares of Constellation Brands by 10.0% during the fourth quarter. HM Payson & Co. now owns 701 shares of the company’s stock worth $97,000 after purchasing an additional 64 shares during the period. Clearstead Trust LLC boosted its stake in Constellation Brands by 14.2% in the 4th quarter. Clearstead Trust LLC now owns 548 shares of the company’s stock valued at $76,000 after purchasing an additional 68 shares during the period. Johnson Financial Group Inc. boosted its stake in Constellation Brands by 24.9% in the 4th quarter. Johnson Financial Group Inc. now owns 346 shares of the company’s stock valued at $48,000 after purchasing an additional 69 shares during the period. HB Wealth Management LLC boosted its stake in Constellation Brands by 0.7% in the 1st quarter. HB Wealth Management LLC now owns 10,795 shares of the company’s stock valued at $1,619,000 after purchasing an additional 72 shares during the period. Finally, Smartleaf Asset Management LLC grew its holdings in Constellation Brands by 5.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,338 shares of the company’s stock valued at $188,000 after buying an additional 74 shares in the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Trading Up 1.9%

Shares of NYSE:STZ opened at $133.54 on Thursday. The company has a market capitalization of $22.81 billion, a P/E ratio of 12.74, a P/E/G ratio of 4.08 and a beta of 0.40. Constellation Brands Inc has a 1 year low of $126.45 and a 1 year high of $169.00. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.91 and a quick ratio of 0.48. The business’s 50 day simple moving average is $135.64 and its 200 day simple moving average is $146.40.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Tuesday, June 30th. The company reported $3.43 earnings per share for the quarter, missing the consensus estimate of $3.70 by ($0.27). The company had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.39 billion. Constellation Brands had a net margin of 18.87% and a return on equity of 25.58%. Constellation Brands’s revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $3.22 earnings per share. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. On average, research analysts anticipate that Constellation Brands Inc will post 11.84 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, July 30th were given a $1.03 dividend. The ex-dividend date was Thursday, July 30th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.1%. Constellation Brands’s dividend payout ratio (DPR) is presently 39.31%.

Analyst Ratings Changes

STZ has been the topic of several recent research reports. Wells Fargo & Company lowered their price objective on Constellation Brands from $185.00 to $170.00 and set an “overweight” rating on the stock in a research report on Monday, June 29th. Needham & Company LLC reissued a “buy” rating and issued a $185.00 target price on shares of Constellation Brands in a research report on Thursday, July 2nd. Sanford C. Bernstein restated an “outperform” rating on shares of Constellation Brands in a research note on Wednesday, July 1st. Piper Sandler reaffirmed a “neutral” rating and set a $160.00 price target on shares of Constellation Brands in a research report on Wednesday, July 1st. Finally, Citigroup reiterated a “buy” rating on shares of Constellation Brands in a research note on Monday, May 18th. Eleven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Constellation Brands presently has an average rating of “Hold” and an average price target of $167.53.

Constellation Brands 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.