Allstate Corp Acquires New Stake in Constellation Brands Inc $STZ

Allstate Corp acquired a new stake in Constellation Brands Inc (NYSE:STZ) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,636 shares of the company’s stock, valued at approximately $759,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Berkshire Hathaway Inc raised its holdings in Constellation Brands by 11.6% in the 2nd quarter. Berkshire Hathaway Inc now owns 13,400,000 shares of the company’s stock valued at $2,179,912,000 after acquiring an additional 1,391,000 shares during the last quarter. Geode Capital Management LLC boosted its holdings 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 worth $605,293,000 after purchasing an additional 448,259 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC grew its position in shares of Constellation Brands by 39.6% in the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 3,675,855 shares of the company’s stock valued at $597,988,000 after purchasing an additional 1,042,904 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Constellation Brands by 2.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,969,081 shares of the company’s stock valued at $320,329,000 after purchasing an additional 46,959 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Constellation Brands by 650.6% in the second quarter. Ameriprise Financial Inc. now owns 1,769,741 shares of the company’s stock valued at $287,889,000 after purchasing an additional 1,533,961 shares during the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Stock Down 1.8%

Shares of NYSE STZ opened at $160.49 on Friday. The company has a quick ratio of 0.70, a current ratio of 1.34 and a debt-to-equity ratio of 1.29. The business’s 50 day moving average is $142.32 and its two-hundred day moving average is $147.98. Constellation Brands Inc has a 52-week low of $126.45 and a 52-week high of $196.91. The firm has a market cap of $27.83 billion, a price-to-earnings ratio of 25.31, a PEG ratio of 0.48 and a beta of 0.45.

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

Constellation Brands Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Citigroup boosted their price objective on Constellation Brands from $148.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, January 9th. Wells Fargo & Company set a $165.00 price target on Constellation Brands in a report on Thursday, January 8th. Sanford C. Bernstein boosted their price target on shares of Constellation Brands from $195.00 to $197.00 and gave the company an “outperform” rating in a research report on Friday, January 9th. Morgan Stanley dropped their price objective on shares of Constellation Brands from $176.00 to $160.00 and set an “equal weight” rating for the company in a report on Tuesday, October 7th. Finally, Piper Sandler cut their price objective on shares of Constellation Brands from $155.00 to $135.00 and set a “neutral” rating for the company in a research report on Friday, November 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Constellation Brands has an average rating of “Hold” and a consensus price target of $176.91.

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.