Peddock Capital Advisors LLC Acquires 2,212 Shares of Constellation Brands Inc $STZ

Key Points

• Peddock Capital Advisors LLC increased its stake in Constellation Brands by 11.7%, acquiring an additional 2,212 shares, bringing their total to 21,083 shares valued at approximately $3.43 million.
• Constellation Brands reported disappointing earnings with an EPS of $3.22, missing the consensus estimate by $0.23, and experienced a 5.5% decline in revenue year-over-year.
• The company declared a quarterly dividend of $1.02 per share, yielding 3.1%, despite a negative dividend payout ratio of -170.71%, indicating potential concerns about ongoing profitability.

Peddock Capital Advisors LLC increased its holdings in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 11.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,083 shares of the company's stock after buying an additional 2,212 shares during the quarter. Peddock Capital Advisors LLC's holdings in Constellation Brands were worth $3,430,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Laurel Wealth Advisors LLC acquired a new stake in Constellation Brands in the 1st quarter valued at $32,000. Rakuten Securities Inc. boosted its holdings in shares of Constellation Brands by 805.0% during the 1st quarter. Rakuten Securities Inc. now owns 181 shares of the company's stock worth $33,000 after buying an additional 161 shares during the period. Zions Bancorporation National Association UT bought a new stake in shares of Constellation Brands during the 1st quarter worth about $38,000. Flaharty Asset Management LLC bought a new stake in shares of Constellation Brands during the 1st quarter worth about $39,000. Finally, Hoey Investments Inc. bought a new stake in shares of Constellation Brands during the 2nd quarter worth about $40,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Constellation Brands Trading Down 1.4%

STZ opened at $131.64 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 0.68 and a debt-to-equity ratio of 1.30. The company has a fifty day moving average price of $159.53 and a two-hundred day moving average price of $172.00. Constellation Brands Inc has a 1-year low of $131.20 and a 1-year high of $261.06. The company has a market cap of $23.21 billion, a P/E ratio of -55.08, a price-to-earnings-growth ratio of 0.40 and a beta of 1.75.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its earnings results on Tuesday, July 1st. The company reported $3.22 EPS for the quarter, missing the consensus estimate of $3.45 by ($0.23). The firm had revenue of $2.52 billion during the quarter, compared to analysts' expectations of $2.57 billion. Constellation Brands had a negative net margin of 4.11% and a positive return on equity of 31.41%. The business's revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.57 EPS. Constellation Brands has set its FY 2026 guidance at 12.600-12.900 EPS. Analysts predict that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Wednesday, July 30th were issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Wednesday, July 30th. Constellation Brands's dividend payout ratio (DPR) is -170.71%.

Wall Street Analyst Weigh In

Several analysts recently commented on STZ shares. Piper Sandler lifted their target price on shares of Constellation Brands from $165.00 to $170.00 and gave the stock a "neutral" rating in a report on Friday, June 6th. JPMorgan Chase & Co. upped their price target on shares of Constellation Brands from $170.00 to $182.00 and gave the stock a "neutral" rating in a report on Thursday, July 3rd. Deutsche Bank Aktiengesellschaft cut their price target on shares of Constellation Brands from $182.00 to $158.00 and set a "hold" rating for the company in a report on Wednesday, September 3rd. Roth Capital reaffirmed a "buy" rating and set a $209.00 price target (down previously from $239.00) on shares of Constellation Brands in a report on Wednesday, September 3rd. Finally, Needham & Company LLC decreased their price target on shares of Constellation Brands from $200.00 to $180.00 and set a "buy" rating for the company in a research report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the company's stock. According to MarketBeat.com, Constellation Brands currently has an average rating of "Hold" and an average price target of $191.88.

Insider Transactions at Constellation Brands

In related news, EVP James O. Bourdeau sold 821 shares of the firm's stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $169.00, for a total transaction of $138,749.00. Following the completion of the sale, the executive vice president owned 9,438 shares in the company, valued at approximately $1,595,022. This trade represents a 8.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 12.45% of the company's stock.

Constellation Brands Company Profile

Constellation Brands, Inc, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company provides beer primarily under the Corona Extra, Corona Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands.

Want to see what other hedge funds are holding STZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Constellation Brands Inc (NYSE:STZ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.