Constellation Brands, Inc. (NYSE:STZ) Stock Holdings Lowered by Rise Advisors LLC

Rise Advisors LLC trimmed its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 12.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 906 shares of the company’s stock after selling 123 shares during the period. Rise Advisors LLC’s holdings in Constellation Brands were worth $200,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in STZ. Candriam S.C.A. lifted its position in shares of Constellation Brands by 2.5% in the 2nd quarter. Candriam S.C.A. now owns 9,779 shares of the company’s stock valued at $2,516,000 after acquiring an additional 236 shares in the last quarter. Strategic Financial Concepts LLC grew its holdings in shares of Constellation Brands by 2,614.3% during the second quarter. Strategic Financial Concepts LLC now owns 31,649 shares of the company’s stock valued at $81,000 after buying an additional 30,483 shares in the last quarter. Chris Bulman Inc acquired a new position in Constellation Brands during the second quarter valued at $54,000. Acadian Asset Management LLC lifted its stake in Constellation Brands by 494.8% in the 2nd quarter. Acadian Asset Management LLC now owns 3,789 shares of the company’s stock worth $973,000 after acquiring an additional 3,152 shares in the last quarter. Finally, Anchor Capital Advisors LLC boosted its position in Constellation Brands by 4.5% during the 2nd quarter. Anchor Capital Advisors LLC now owns 1,231 shares of the company’s stock worth $317,000 after acquiring an additional 53 shares during the period. Institutional investors and hedge funds own 77.34% of the company’s stock.

Insider Buying and Selling at Constellation Brands

In other Constellation Brands news, major shareholder Wildstar Partners Llc sold 660 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total value of $159,060.00. Following the completion of the sale, the insider now owns 1,736,884 shares in the company, valued at approximately $418,589,044. This trade represents a 0.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP James A. Jr. Sabia sold 36,086 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 16,042 shares in the company, valued at approximately $3,898,045.58. This represents a 69.23 % 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 Stock Performance

Shares of STZ traded down $2.18 during mid-day trading on Tuesday, hitting $220.75. The company’s stock had a trading volume of 699,016 shares, compared to its average volume of 1,386,075. Constellation Brands, Inc. has a one year low of $217.52 and a one year high of $274.87. The stock’s 50-day moving average is $233.85 and its two-hundred day moving average is $242.78. The firm has a market capitalization of $40.08 billion, a PE ratio of 71.44, a price-to-earnings-growth ratio of 1.69 and a beta of 1.75. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.53 and a current ratio of 1.25.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on STZ shares. Bank of America reiterated a “neutral” rating and issued a $255.00 target price (down previously from $300.00) on shares of Constellation Brands in a report on Monday, October 7th. JPMorgan Chase & Co. cut their target price on shares of Constellation Brands from $307.00 to $293.00 and set an “overweight” rating for the company in a research report on Friday, October 4th. Barclays lowered their price target on shares of Constellation Brands from $309.00 to $300.00 and set an “overweight” rating on the stock in a report on Monday, October 7th. TD Cowen downgraded Constellation Brands from a “buy” rating to a “hold” rating and cut their price target for the stock from $300.00 to $270.00 in a research note on Tuesday, October 8th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $308.00 price target on shares of Constellation Brands in a research note on Tuesday. Five analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $287.70.

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.