Constellation Brands, Inc. (NYSE:STZ) Stake Reduced by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC decreased its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 12.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 158,683 shares of the company’s stock after selling 21,870 shares during the period. Douglas Lane & Associates LLC owned approximately 0.09% of Constellation Brands worth $35,069,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC bought a new stake in Constellation Brands during the second quarter worth approximately $36,000. Wellington Shields & Co. LLC boosted its stake 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 acquiring an additional 50 shares in the last quarter. Eastern Bank acquired a new position in shares of Constellation Brands in the 3rd quarter worth $39,000. Versant Capital Management Inc boosted its position in shares of Constellation Brands by 887.5% in the 4th quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock valued at $35,000 after purchasing an additional 142 shares during the period. Finally, FSA Wealth Management LLC purchased a new position in Constellation Brands in the 3rd quarter worth about $42,000. Institutional investors own 77.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on STZ shares. BNP Paribas began coverage on shares of Constellation Brands in a research report on Monday, November 25th. They issued a “neutral” rating and a $261.00 target price on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $308.00 target price on shares of Constellation Brands in a research note on Tuesday. JPMorgan Chase & Co. decreased their target price on Constellation Brands from $293.00 to $262.00 and set an “overweight” rating for the company in a research report on Tuesday. Barclays lowered their price target on Constellation Brands from $300.00 to $282.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Roth Mkm reissued a “buy” rating and issued a $298.00 price objective on shares of Constellation Brands in a research note on Friday, October 4th. Five research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, Constellation Brands has an average rating of “Moderate Buy” and a consensus target price of $284.75.

Constellation Brands Stock Performance

Shares of Constellation Brands stock traded down $0.04 during trading on Wednesday, reaching $218.47. The company’s stock had a trading volume of 899,233 shares, 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 firm has a market cap of $39.67 billion, a price-to-earnings ratio of 70.70, a price-to-earnings-growth ratio of 1.69 and a beta of 1.75. The business’s fifty day moving average price is $233.49 and its 200-day moving average price is $242.46.

Insider Buying and Selling at Constellation Brands

In related news, EVP James A. Jr. Sabia sold 36,086 shares of the stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $242.99, for a total value of $8,768,537.14. Following the completion of the sale, the executive vice president now owns 16,042 shares in the company, valued at approximately $3,898,045.58. This trade represents a 69.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Wildstar Partners Llc sold 660 shares of Constellation Brands stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total value of $159,060.00. Following the sale, the insider now directly owns 1,736,884 shares in the company, valued at approximately $418,589,044. This trade represents a 0.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 189,956 shares of company stock valued at $46,058,091 in the last ninety days. Company insiders own 12.19% 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.