Madison Asset Management LLC Invests $8.19 Million in Constellation Brands Inc $STZ

Madison Asset Management LLC acquired a new stake in Constellation Brands Inc (NYSE:STZ - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 58,900 shares of the company's stock, valued at approximately $8,192,000.

A number of other institutional investors have also made changes to their positions in the business. Swiss Life Asset Management Ltd raised its holdings in Constellation Brands by 99.1% during the fourth 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 in the last quarter. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in Constellation Brands during the second quarter valued at approximately $31,582,000. Swedbank AB boosted its position in Constellation Brands by 108.1% during the fourth 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 during the last quarter. OLD Republic International Corp grew its stake in Constellation Brands by 76.7% in the fourth 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. bought a new position in Constellation Brands in the fourth quarter valued at approximately $14,639,000. Institutional investors own 77.34% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on STZ shares. BMO Capital Markets reiterated an "outperform" rating and set a $190.00 price objective on shares of Constellation Brands in a research note on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Constellation Brands from $155.00 to $150.00 and set a "hold" rating for the company in a research note on Thursday, July 2nd. Barclays lowered their target price on shares of Constellation Brands from $139.00 to $132.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 21st. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Constellation Brands in a research report on Wednesday, July 1st. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Constellation Brands in a research note on Friday, July 31st. Eleven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $167.53.

Constellation Brands Price Performance

NYSE:STZ opened at $133.54 on Thursday. 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's 50 day moving average price is $135.64 and its two-hundred day moving average price is $146.40. The firm has a market capitalization of $22.81 billion, a price-to-earnings ratio of 12.74, a P/E/G ratio of 4.08 and a beta of 0.40. Constellation Brands Inc has a 12-month low of $126.45 and a 12-month high of $169.00.

Constellation Brands (NYSE:STZ - Get Free Report) last released its quarterly earnings data 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). The business 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%. The business's quarterly revenue was down 3.3% on a year-over-year basis. During the same period in the previous year, the business earned $3.22 earnings per share. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. On average, analysts anticipate that Constellation Brands Inc will post 11.84 earnings per share for the current year.

Constellation Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th were issued a dividend of $1.03 per share. The ex-dividend date of this dividend was Thursday, July 30th. This represents a $4.12 annualized dividend and a yield of 3.1%. Constellation Brands's dividend payout ratio (DPR) is currently 39.31%.

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.

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