Constellation Brands Inc. (STZ) Shares Sold by Peddock Capital Advisors LLC
Peddock Capital Advisors LLC cut its stake in shares of Constellation Brands Inc. (NYSE:STZ) by 1.2% during the third quarter, Holdings Channel reports. The fund owned 20,250 shares of the company’s stock after selling 239 shares during the period. Constellation Brands accounts for about 2.1% of Peddock Capital Advisors LLC’s portfolio, making the stock its 4th largest position. Peddock Capital Advisors LLC’s holdings in Constellation Brands were worth $3,371,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Pennsylvania Trust Co increased its position in shares of Constellation Brands by 14.5% in the third quarter. Pennsylvania Trust Co now owns 33,749 shares of the company’s stock valued at $5,619,000 after buying an additional 4,276 shares during the period. Callahan Advisors LLC purchased a new position in shares of Constellation Brands during the third quarter valued at approximately $523,000. National Pension Service increased its position in shares of Constellation Brands by 8.7% in the third quarter. National Pension Service now owns 121,038 shares of the company’s stock valued at $20,152,000 after buying an additional 9,709 shares during the period. MSI Financial Services Inc increased its position in shares of Constellation Brands by 13.6% in the third quarter. MSI Financial Services Inc now owns 13,326 shares of the company’s stock valued at $2,218,000 after buying an additional 1,600 shares during the period. Finally, Gulf International Bank UK Ltd increased its position in shares of Constellation Brands by 3.6% in the third quarter. Gulf International Bank UK Ltd now owns 2,867 shares of the company’s stock valued at $477,000 after buying an additional 100 shares during the period. 73.53% of the stock is owned by institutional investors and hedge funds.
Shares of Constellation Brands Inc. (NYSE:STZ) traded down 0.30% during trading on Tuesday, hitting $155.80. 1,338,192 shares of the stock were exchanged. The firm has a market capitalization of $31.33 billion, a P/E ratio of 26.81 and a beta of 0.59. The firm has a 50 day moving average price of $162.05 and a 200 day moving average price of $162.03. Constellation Brands Inc. has a 52 week low of $130.23 and a 52 week high of $173.55.
Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Wednesday, October 5th. The company reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.12. Constellation Brands had a net margin of 15.64% and a return on equity of 17.69%. The business had revenue of $2.02 billion for the quarter. During the same period in the prior year, the business posted $1.56 earnings per share. Constellation Brands’s revenue was up 16.6% compared to the same quarter last year. Analysts forecast that Constellation Brands Inc. will post $6.45 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 22nd. Investors of record on Tuesday, November 8th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date was Friday, November 4th. Constellation Brands’s dividend payout ratio is 27.49%.
STZ has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Constellation Brands from a “hold” rating to a “buy” rating and set a $186.00 target price on the stock in a report on Friday, September 16th. Bank of America Corp. reiterated a “buy” rating and issued a $185.00 target price on shares of Constellation Brands in a report on Friday, September 30th. Morgan Stanley reiterated a “buy” rating on shares of Constellation Brands in a report on Thursday, September 15th. restated an “outperform” rating on shares of Constellation Brands in a report on Monday, August 22nd. Finally, RBC Capital Markets set a $181.00 price objective on shares of Constellation Brands and gave the stock a “buy” rating in a report on Wednesday, September 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $178.30.
About Constellation Brands
Constellation Brands, Inc is an international beverage alcohol company. The Company is a producer and marketer of beer and wine the United States and Canada. Its segments include Beer, Wine and Spirits, and Corporate Operations and Other. It is a multi-category supplier (beer, wine and spirits) of beverage alcohol in the United States.
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