Ally Financial Inc. Acquires New Stake in Constellation Brands Inc $STZ

Ally Financial Inc. purchased a new position in shares of Constellation Brands Inc (NYSE:STZ - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,500 shares of the company's stock, valued at approximately $1,600,000.

A number of other hedge funds have also recently added to or reduced their stakes in STZ. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in Constellation Brands in the second quarter valued at about $31,582,000. Swiss Life Asset Management Ltd grew its holdings in shares of Constellation Brands by 99.1% in the 4th quarter. Swiss Life Asset Management Ltd now owns 38,489 shares of the company's stock worth $5,310,000 after acquiring an additional 19,161 shares during the period. Swedbank AB increased its stake in Constellation Brands by 108.1% in the 4th quarter. Swedbank AB now owns 63,055 shares of the company's stock valued at $8,699,000 after purchasing an additional 32,757 shares in the last quarter. OLD Republic International Corp increased its stake in Constellation Brands by 76.7% in the 4th quarter. OLD Republic International Corp now owns 193,500 shares of the company's stock valued at $26,695,000 after purchasing an additional 84,000 shares in the last quarter. Finally, Jefferies Financial Group Inc. acquired a new position in Constellation Brands during the fourth quarter worth $14,639,000. Institutional investors and hedge funds own 77.34% of the company's stock.

Analyst Ratings Changes

STZ has been the topic of several recent research reports. Needham & Company LLC reiterated a "buy" rating and issued a $185.00 price objective on shares of Constellation Brands in a research report on Thursday, July 2nd. Freedom Capital downgraded shares of Constellation Brands from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 1st. Bank of America reduced their price target on shares of Constellation Brands from $152.00 to $145.00 and set an "underperform" rating on the stock in a report on Thursday, July 2nd. Citigroup reiterated a "buy" rating on shares of Constellation Brands in a research report on Monday, May 18th. Finally, BMO Capital Markets reissued an "outperform" rating and set a $190.00 price objective on shares of Constellation Brands in a research note on Thursday, July 2nd. Eleven research 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 MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $167.53.

Constellation Brands Price Performance

STZ stock opened at $135.42 on Monday. Constellation Brands Inc has a 52-week low of $126.45 and a 52-week high of $168.60. The stock's fifty day simple moving average is $135.20 and its 200-day simple moving average is $146.10. The company has a quick ratio of 0.48, a current ratio of 0.91 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $23.13 billion, a price-to-earnings ratio of 12.92, a price-to-earnings-growth ratio of 4.22 and a beta of 0.40.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its quarterly earnings data on Tuesday, June 30th. The company reported $3.43 EPS for the quarter, missing analysts' consensus estimates of $3.70 by ($0.27). The business had revenue of $2.43 billion during the quarter, compared to analysts' expectations 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 for the quarter was down 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $3.22 EPS. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. Equities research analysts expect that Constellation Brands Inc will post 11.84 EPS 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 issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Thursday, July 30th. Constellation Brands's dividend payout ratio (DPR) is 39.31%.

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.

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