Legacy Private Trust Co. Has $4.47 Million Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

Legacy Private Trust Co. decreased its stake in Constellation Brands, Inc. (NYSE:STZ) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,241 shares of the company’s stock after selling 695 shares during the period. Legacy Private Trust Co.’s holdings in Constellation Brands were worth $4,473,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Versant Capital Management Inc boosted its holdings in shares of Constellation Brands by 887.5% during 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 in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of Constellation Brands during the second quarter worth about $36,000. Wellington Shields & Co. LLC increased its stake in shares of Constellation Brands by 50.0% in the second quarter. Wellington Shields & Co. LLC now owns 150 shares of the company’s stock valued at $39,000 after buying an additional 50 shares during the period. Eastern Bank acquired a new position in shares of Constellation Brands in the third quarter valued at approximately $39,000. Finally, FSA Wealth Management LLC acquired a new stake in Constellation Brands during the 3rd quarter worth approximately $42,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Stock Up 0.3 %

Shares of NYSE STZ traded up $0.66 during mid-day trading on Wednesday, reaching $219.17. 1,652,330 shares of the company’s stock traded hands, compared to its average volume of 1,715,446. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.25 and a quick ratio of 0.53. Constellation Brands, Inc. has a 1-year low of $217.47 and a 1-year high of $274.87. The stock has a market cap of $39.79 billion, a P/E ratio of 70.93, a PEG ratio of 1.69 and a beta of 1.75. The business has a 50-day simple moving average of $233.49 and a 200 day simple moving average of $242.46.

Insiders Place Their Bets

In other Constellation Brands news, EVP Samuel J. Glaetzer sold 1,510 shares of the company’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $245.57, for a total value of $370,810.70. Following the completion of the sale, 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Wildstar Partners Llc sold 660 shares of Constellation Brands stock in a transaction that occurred 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 transaction, the insider now directly owns 1,736,884 shares in the company, valued at approximately $418,589,044. This represents a 0.04 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 189,956 shares of company stock valued at $46,058,091. Corporate insiders own 12.19% of the company’s stock.

Analyst Upgrades and Downgrades

STZ has been the subject of several analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $308.00 price target on shares of Constellation Brands in a research note on Tuesday. Roth Mkm reiterated a “buy” rating and issued a $298.00 price target on shares of Constellation Brands in a research report on Friday, October 4th. BNP Paribas assumed coverage on Constellation Brands in a research report on Monday, November 25th. They set a “neutral” rating and a $261.00 price objective for 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. Finally, JPMorgan Chase & Co. decreased their target price on shares of Constellation Brands from $293.00 to $262.00 and set an “overweight” rating for the company in a research report on Tuesday. Five equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $284.75.

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.