Constellation Brands, Inc. (NYSE:STZ) Holdings Lowered by Fulton Bank N.A.

Fulton Bank N.A. reduced its stake in Constellation Brands, Inc. (NYSE:STZ) by 7.1% in the fourth quarter, HoldingsChannel reports. The fund owned 15,122 shares of the company’s stock after selling 1,164 shares during the quarter. Fulton Bank N.A.’s holdings in Constellation Brands were worth $3,342,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in STZ. State Street Corp grew its position in Constellation Brands by 6.0% in the third quarter. State Street Corp now owns 7,144,428 shares of the company’s stock worth $1,841,048,000 after buying an additional 402,211 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of Constellation Brands by 1.2% in the 3rd quarter. Janus Henderson Group PLC now owns 1,853,081 shares of the company’s stock valued at $477,515,000 after purchasing an additional 21,454 shares during the period. Legal & General Group Plc increased its stake in Constellation Brands by 5.7% in the 2nd quarter. Legal & General Group Plc now owns 1,335,976 shares of the company’s stock worth $343,717,000 after purchasing an additional 72,637 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Constellation Brands by 31.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,002,332 shares of the company’s stock worth $257,865,000 after buying an additional 241,982 shares during the period. Finally, International Assets Investment Management LLC lifted its stake in Constellation Brands by 23,184.7% during the third quarter. International Assets Investment Management LLC now owns 499,689 shares of the company’s stock valued at $128,765,000 after buying an additional 497,543 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors.

Constellation Brands Price Performance

NYSE:STZ traded up $0.25 during trading hours on Wednesday, reaching $218.76. The company had a trading volume of 706,044 shares, compared to its average volume of 1,521,753. The company has a quick ratio of 0.53, a current ratio of 1.25 and a debt-to-equity ratio of 1.31. The stock has a 50-day moving average of $233.49 and a two-hundred day moving average of $242.46. Constellation Brands, Inc. has a one year low of $217.47 and a one year high of $274.87. The firm has a market capitalization of $39.72 billion, a PE ratio of 70.80, a PEG ratio of 1.69 and a beta of 1.75.

Insider Activity

In other Constellation Brands news, Director Robert Sands sold 119,274 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $242.37, for a total value of $28,908,439.38. Following the completion of the sale, the director now owns 431,729 shares in the company, valued at approximately $104,638,157.73. This trade represents a 21.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Samuel J. Glaetzer sold 1,510 shares of the business’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $245.57, for a total transaction of $370,810.70. Following the completion of the transaction, the executive vice president now directly owns 4,970 shares of the company’s stock, valued at approximately $1,220,482.90. This represents a 23.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 189,956 shares of company stock worth $46,058,091. Corporate insiders own 12.19% of the company’s stock.

Analyst Upgrades and Downgrades

STZ has been the topic of several research analyst reports. Barclays lowered their price objective 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. Roth Mkm reiterated a “buy” rating and issued a $298.00 target price on shares of Constellation Brands in a report on Friday, October 4th. Wells Fargo & Company decreased their price target on shares of Constellation Brands from $295.00 to $275.00 and set an “overweight” rating for the company in a report on Tuesday. Evercore ISI dropped their price objective 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. Finally, Needham & Company LLC reissued a “buy” rating and set a $280.00 target price on shares of Constellation Brands in a research note on Friday, December 20th. Five equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, Constellation Brands presently has an average rating of “Moderate Buy” and an average target price of $285.25.

Constellation Brands 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.