Fulton Bank N.A. Trims Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

Fulton Bank N.A. trimmed its position in Constellation Brands, Inc. (NYSE:STZ) by 7.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,122 shares of the company’s stock after selling 1,164 shares during the period. Fulton Bank N.A.’s holdings in Constellation Brands were worth $3,342,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In other Constellation Brands news, CEO William A. Newlands sold 7,426 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 7,274 shares of the company’s stock, valued at $1,725,683.76. The trade was a 50.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Samuel J. Glaetzer sold 1,510 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $245.57, for a total transaction of $370,810.70. Following the completion of the sale, the executive vice president now owns 4,970 shares in the company, valued at $1,220,482.90. The trade was a 23.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 189,956 shares of company stock worth $46,058,091 in the last three months. 12.19% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

STZ has been the topic of several recent research reports. Bank of America reissued a “neutral” rating and set a $255.00 price target (down from $300.00) on shares of Constellation Brands in a research report on Monday, October 7th. BMO Capital Markets reduced their target price on shares of Constellation Brands from $315.00 to $305.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 15th. TD Cowen lowered shares of Constellation Brands from a “buy” rating to a “hold” rating and lowered their price target for the company from $300.00 to $270.00 in a report on Tuesday, October 8th. BNP Paribas initiated coverage on shares of Constellation Brands in a report on Monday, November 25th. They issued a “neutral” rating and a $261.00 price objective on the stock. Finally, JPMorgan Chase & Co. lowered their target price on Constellation Brands from $293.00 to $262.00 and set an “overweight” rating for the company in a research note on Tuesday. Five equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $285.25.

Constellation Brands Stock Performance

STZ stock traded up $0.25 during midday trading 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 price of $233.49 and a 200 day moving average price of $242.46. The firm has a market capitalization of $39.72 billion, a PE ratio of 70.80, a P/E/G ratio of 1.69 and a beta of 1.75. Constellation Brands, Inc. has a fifty-two week low of $217.47 and a fifty-two week high of $274.87.

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.