Canandaigua National Bank & Trust Co. Sells 1,080 Shares of Constellation Brands, Inc. (NYSE:STZ)

Canandaigua National Bank & Trust Co. decreased its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 2.7% during the fourth quarter, HoldingsChannel reports. The firm owned 39,371 shares of the company’s stock after selling 1,080 shares during the quarter. Constellation Brands accounts for approximately 0.9% of Canandaigua National Bank & Trust Co.’s holdings, making the stock its 24th biggest position. Canandaigua National Bank & Trust Co.’s holdings in Constellation Brands were worth $8,701,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Oakworth Capital Inc. boosted its position in Constellation Brands by 4.4% during the 3rd quarter. Oakworth Capital Inc. now owns 989 shares of the company’s stock valued at $255,000 after acquiring an additional 42 shares in the last quarter. PFG Investments LLC lifted its position in Constellation Brands by 3.8% during the third quarter. PFG Investments LLC now owns 1,150 shares of the company’s stock valued at $296,000 after buying an additional 42 shares during the period. Brighton Jones LLC boosted its holdings in shares of Constellation Brands by 4.7% during the 2nd quarter. Brighton Jones LLC now owns 950 shares of the company’s stock valued at $244,000 after buying an additional 43 shares in the last quarter. Metis Global Partners LLC grew its position in shares of Constellation Brands by 0.8% in the 3rd quarter. Metis Global Partners LLC now owns 5,570 shares of the company’s stock worth $1,435,000 after buying an additional 46 shares during the period. Finally, Umpqua Bank increased its stake in shares of Constellation Brands by 4.6% in the 2nd quarter. Umpqua Bank now owns 1,124 shares of the company’s stock worth $289,000 after acquiring an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Constellation Brands Stock Performance

Shares of Constellation Brands stock traded up $1.26 on Monday, hitting $223.18. 1,893,305 shares of the company’s stock were exchanged, compared to its average volume of 1,455,801. Constellation Brands, Inc. has a 1 year low of $217.52 and a 1 year high of $274.87. The company has a 50-day simple moving average of $234.13 and a 200-day simple moving average of $243.06. 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 stock has a market capitalization of $40.52 billion, a PE ratio of 72.23, a PEG ratio of 1.69 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last released its earnings results on Thursday, October 3rd. The company reported $4.32 earnings per share for the quarter, beating the consensus estimate of $4.08 by $0.24. The company had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.95 billion. Constellation Brands had a return on equity of 25.34% and a net margin of 5.29%. Constellation Brands’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the business earned $3.70 earnings per share. As a group, equities analysts anticipate that Constellation Brands, Inc. will post 13.57 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on STZ. UBS Group cut their price target on Constellation Brands from $320.00 to $295.00 and set a “buy” rating on the stock in a research note on Monday, September 9th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $308.00 price target on shares of Constellation Brands in a research report on Tuesday, November 19th. Bank of America restated a “neutral” rating and set a $255.00 price objective (down from $300.00) on shares of Constellation Brands in a research note on Monday, October 7th. Wells Fargo & Company cut their price target on shares of Constellation Brands from $300.00 to $295.00 and set an “overweight” rating on the stock in a report on Tuesday, November 26th. Finally, Needham & Company LLC restated a “buy” rating and issued a $280.00 price objective on shares of Constellation Brands in a report on Friday, December 20th. Five research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $288.70.

Insider Activity

In other news, Director Robert Sands sold 119,274 shares of the business’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $242.37, for a total value of $28,908,439.38. Following the transaction, the director now directly owns 431,729 shares in the company, valued at $104,638,157.73. The trade was a 21.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Wildstar Partners Llc sold 660 shares of the business’s stock in a transaction 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 completion of the transaction, the insider now directly owns 1,736,884 shares in the company, valued at $418,589,044. This trade represents a 0.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 189,956 shares of company stock valued at $46,058,091 in the last ninety days. Corporate insiders own 12.19% of the company’s stock.

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.