Constellation Brands, Inc. (NYSE:STZ) Shares Sold by Peddock Capital Advisors LLC
Peddock Capital Advisors LLC trimmed its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,826 shares of the company’s stock after selling 76 shares during the quarter. Constellation Brands comprises about 1.7% of Peddock Capital Advisors LLC’s investment portfolio, making the stock its 10th largest holding. Peddock Capital Advisors LLC’s holdings in Constellation Brands were worth $3,382,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the stock. Lenox Wealth Management Inc. bought a new position in Constellation Brands in the 3rd quarter valued at about $25,000. NuWave Investment Management LLC boosted its stake in shares of Constellation Brands by 100.9% in the 3rd quarter. NuWave Investment Management LLC now owns 221 shares of the company’s stock valued at $45,000 after purchasing an additional 111 shares in the last quarter. Horan Capital Advisors LLC. acquired a new stake in shares of Constellation Brands in the 3rd quarter valued at approximately $52,000. Doyle Wealth Management acquired a new stake in shares of Constellation Brands in the 2nd quarter valued at approximately $51,000. Finally, Quest Capital Management Inc. ADV acquired a new stake in shares of Constellation Brands in the 3rd quarter valued at approximately $60,000. 71.94% of the stock is currently owned by institutional investors and hedge funds.
NYSE STZ traded down $2.88 during trading on Friday, hitting $191.10. 33,555 shares of the company’s stock traded hands, compared to its average volume of 1,416,401. The stock has a market capitalization of $36.78 billion, a price-to-earnings ratio of 46.05, a PEG ratio of 2.66 and a beta of 0.64. Constellation Brands, Inc. has a 12-month low of $163.52 and a 12-month high of $214.48. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.86 and a current ratio of 1.41. The business has a 50 day moving average of $187.39 and a 200-day moving average of $194.09.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 11th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend is Monday, February 10th. Constellation Brands’s payout ratio is 32.33%.
A number of research firms have recently weighed in on STZ. Evercore ISI restated a “buy” rating and issued a $235.00 price target on shares of Constellation Brands in a research note on Wednesday, December 4th. Cowen restated a “buy” rating and issued a $240.00 price target on shares of Constellation Brands in a research note on Friday, December 6th. ValuEngine downgraded shares of Constellation Brands from a “hold” rating to a “sell” rating in a research note on Friday, January 10th. Hanson restated a “sell” rating on shares of Constellation Brands in a research note on Friday, January 10th. Finally, Deutsche Bank reduced their price target on shares of Constellation Brands from $197.00 to $196.00 and set a “hold” rating on the stock in a research note on Friday, December 13th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company. Constellation Brands presently has a consensus rating of “Hold” and a consensus target price of $227.61.
In related news, CFO David Eric Klein sold 36,488 shares of the company’s stock in a transaction that occurred on Thursday, January 9th. The shares were sold at an average price of $195.48, for a total value of $7,132,674.24. Following the transaction, the chief financial officer now directly owns 45,380 shares in the company, valued at $8,870,882.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Robert Lee Hanson sold 4,056 shares of the company’s stock in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of $195.00, for a total transaction of $790,920.00. Following the completion of the transaction, the executive vice president now owns 8,591 shares in the company, valued at $1,675,245. The disclosure for this sale can be found here. Corporate insiders own 15.86% of the company’s stock.
Constellation Brands Profile
Constellation Brands, Inc, together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. It provides beer primarily under the Corona Extra, Corona Light, Corona Premier, Corona Familiar Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Four Corners, and Ballast Point brands.
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