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

Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of Constellation Brands Inc (NYSE:STZ) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 227,061 shares of the company’s stock, valued at approximately $31,582,000. Diamond Hill Capital Management LLC Investment Advisor owned 0.13% of Constellation Brands as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of STZ. Choreo LLC boosted its position in shares of Constellation Brands by 2.1% during the fourth quarter. Choreo LLC now owns 3,116 shares of the company’s stock worth $437,000 after buying an additional 63 shares during the period. HM Payson & Co. increased its position in Constellation Brands by 10.0% in the 4th quarter. HM Payson & Co. now owns 701 shares of the company’s stock valued at $97,000 after acquiring an additional 64 shares during the period. Clearstead Trust LLC increased its position 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 acquiring an additional 68 shares during the period. Johnson Financial Group Inc. raised its stake in Constellation Brands by 24.9% during the 4th quarter. Johnson Financial Group Inc. now owns 346 shares of the company’s stock valued at $48,000 after acquiring an additional 69 shares in the last quarter. Finally, HB Wealth Management LLC boosted its position in Constellation Brands by 0.7% during the 1st quarter. HB Wealth Management LLC now owns 10,795 shares of the company’s stock worth $1,619,000 after acquiring an additional 72 shares during the period. Institutional investors own 77.34% of the company’s stock.

Constellation Brands Stock Performance

Shares of NYSE STZ opened at $139.16 on Monday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.91 and a quick ratio of 0.48. Constellation Brands Inc has a one year low of $126.45 and a one year high of $171.00. The business’s 50-day moving average price is $136.19 and its two-hundred day moving average price is $146.95. The company has a market capitalization of $23.77 billion, a P/E ratio of 13.28, a price-to-earnings-growth ratio of 4.33 and a beta of 0.40.

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

Constellation Brands Announces Dividend

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

Wall Street Analyst Weigh In

STZ has been the subject of several recent analyst reports. Wells Fargo & Company decreased their price target on Constellation Brands from $185.00 to $170.00 and set an “overweight” rating for the company in a research note on Monday, June 29th. TD Cowen reaffirmed a “buy” rating and set a $174.00 target price on shares of Constellation Brands in a research note on Wednesday, July 1st. JPMorgan Chase & Co. decreased their price target on shares of Constellation Brands from $169.00 to $165.00 and set a “neutral” rating on the stock in a research report on Thursday, July 2nd. Jefferies Financial Group set a $147.00 price objective on Constellation Brands in a report on Thursday, July 2nd. Finally, Freedom Capital lowered Constellation Brands from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Eleven equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price 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.