Douglas Lane & Associates LLC Sells 21,870 Shares of Constellation Brands, Inc. (NYSE:STZ)

Douglas Lane & Associates LLC reduced its stake in Constellation Brands, Inc. (NYSE:STZ) by 12.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 158,683 shares of the company’s stock after selling 21,870 shares during the period. Douglas Lane & Associates LLC’s holdings in Constellation Brands were worth $35,069,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of STZ. Versant Capital Management Inc grew its position in Constellation Brands by 887.5% in the fourth quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock valued at $35,000 after acquiring an additional 142 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in shares of Constellation Brands in the 2nd quarter worth about $36,000. Wellington Shields & Co. LLC increased its position in shares of Constellation Brands by 50.0% during the 2nd quarter. Wellington Shields & Co. LLC now owns 150 shares of the company’s stock worth $39,000 after purchasing an additional 50 shares in the last quarter. Eastern Bank bought a new position in Constellation Brands during the 3rd quarter valued at about $39,000. Finally, FSA Wealth Management LLC bought a new stake in Constellation Brands during the third quarter worth about $42,000. 77.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wells Fargo & Company reduced their target price on Constellation Brands from $295.00 to $275.00 and set an “overweight” rating on the stock in a report on Tuesday. Needham & Company LLC restated a “buy” rating and issued a $280.00 target price on shares of Constellation Brands in a research note on Friday, December 20th. Barclays reduced their price target on shares of Constellation Brands from $300.00 to $282.00 and set an “overweight” rating on the stock in a research report on Wednesday. BNP Paribas started coverage on shares of Constellation Brands in a research note on Monday, November 25th. They issued a “neutral” rating and a $261.00 target price for the company. Finally, Evercore ISI decreased their price target on shares of Constellation Brands from $310.00 to $300.00 and set an “outperform” rating on the stock in a research note on Friday, October 4th. Five research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $284.75.

Insider Transactions at Constellation Brands

In related news, CEO William A. Newlands sold 7,426 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $237.24, for a total transaction of $1,761,744.24. Following the sale, the chief executive officer now directly owns 7,274 shares in the company, valued at $1,725,683.76. This trade represents a 50.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Wildstar Partners Llc sold 660 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total transaction of $159,060.00. Following the completion of the transaction, the insider now directly owns 1,736,884 shares of the company’s stock, valued at approximately $418,589,044. The trade was a 0.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 189,956 shares of company stock valued at $46,058,091 over the last 90 days. 12.19% of the stock is owned by company insiders.

Constellation Brands Trading Down 0.0 %

STZ stock traded down $0.04 during midday trading on Wednesday, hitting $218.47. 899,233 shares of the company’s stock were exchanged, compared to its average volume of 1,556,817. Constellation Brands, Inc. has a one year low of $217.47 and a one year high of $274.87. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.53 and a current ratio of 1.25. The company has a market cap of $39.67 billion, a PE ratio of 70.70, a price-to-earnings-growth ratio of 1.69 and a beta of 1.75. The stock’s fifty day moving average price is $233.49 and its 200-day moving average price is $242.46.

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.