Diamond Hill Capital Management Inc. Purchases 119,400 Shares of Constellation Brands Inc $STZ

Diamond Hill Capital Management Inc. boosted its position in shares of Constellation Brands Inc (NYSE:STZ) by 97.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 242,171 shares of the company’s stock after buying an additional 119,400 shares during the period. Diamond Hill Capital Management Inc.’s holdings in Constellation Brands were worth $32,613,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its position in Constellation Brands by 650.6% in the second quarter. Ameriprise Financial Inc. now owns 1,769,741 shares of the company’s stock worth $287,889,000 after purchasing an additional 1,533,961 shares during the last quarter. Norges Bank purchased a new position in shares of Constellation Brands in the 2nd quarter worth $239,737,000. Berkshire Hathaway Inc increased its holdings in shares of Constellation Brands by 11.6% in the 2nd quarter. Berkshire Hathaway Inc now owns 13,400,000 shares of the company’s stock worth $2,179,912,000 after buying an additional 1,391,000 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its holdings in shares of Constellation Brands by 39.6% in the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 3,675,855 shares of the company’s stock worth $597,988,000 after buying an additional 1,042,904 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Constellation Brands by 13.6% during the 2nd quarter. Geode Capital Management LLC now owns 3,737,860 shares of the company’s stock valued at $605,293,000 after buying an additional 448,259 shares in the last quarter. Institutional investors own 77.34% of the company’s stock.

Constellation Brands Price Performance

Shares of STZ stock opened at $164.66 on Friday. The company has a market capitalization of $28.55 billion, a P/E ratio of 25.97, a P/E/G ratio of 0.49 and a beta of 0.44. The company’s 50-day simple moving average is $148.48 and its two-hundred day simple moving average is $147.09. Constellation Brands Inc has a one year low of $126.45 and a one year high of $196.91. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.34 and a quick ratio of 0.70.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Wednesday, January 7th. The company reported $3.06 EPS for the quarter, beating the consensus estimate of $2.63 by $0.43. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.17 billion. Constellation Brands had a return on equity of 29.15% and a net margin of 11.08%.The business’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same quarter last year, the firm posted $3.25 earnings per share. Constellation Brands has set its FY 2026 guidance at 11.300-11.600 EPS. As a group, equities analysts anticipate that Constellation Brands Inc will post 13.5 EPS for the current year.

Constellation Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 12th. Investors of record on Thursday, January 29th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Thursday, January 29th. This represents a $4.08 dividend on an annualized basis and a yield of 2.5%. Constellation Brands’s payout ratio is 64.35%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Needham & Company LLC reiterated a “buy” rating and issued a $180.00 price target on shares of Constellation Brands in a research report on Tuesday, January 6th. Sanford C. Bernstein lifted their target price on Constellation Brands from $195.00 to $197.00 and gave the stock an “outperform” rating in a report on Friday, January 9th. Barclays boosted their target price on Constellation Brands from $147.00 to $148.00 and gave the company an “equal weight” rating in a research report on Monday, January 12th. JPMorgan Chase & Co. started coverage on shares of Constellation Brands in a research note on Friday, November 7th. They set a “neutral” rating and a $153.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $160.00 price objective on shares of Constellation Brands in a research report on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $176.91.

About Constellation Brands

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.