Nordea Investment Management AB Buys 15,942 Shares of Constellation Brands, Inc. (NYSE:STZ)

Nordea Investment Management AB raised its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 10.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 164,505 shares of the company’s stock after purchasing an additional 15,942 shares during the period. Nordea Investment Management AB’s holdings in Constellation Brands were worth $36,446,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in STZ. Ashton Thomas Private Wealth LLC bought a new position in Constellation Brands during the second quarter valued at approximately $36,000. Wellington Shields & Co. LLC raised its holdings 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 bought a new position in shares of Constellation Brands during the 3rd quarter valued at approximately $39,000. Versant Capital Management Inc grew its holdings in shares of Constellation Brands by 887.5% in the fourth quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock valued at $35,000 after purchasing an additional 142 shares in the last quarter. Finally, FSA Wealth Management LLC bought a new stake in Constellation Brands in the third quarter worth $42,000. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Insider Transactions at Constellation Brands

In other Constellation Brands news, CEO William A. Newlands sold 7,426 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $237.24, for a total transaction of $1,761,744.24. Following the sale, the chief executive officer now owns 7,274 shares of the company’s stock, valued at approximately $1,725,683.76. This trade represents a 50.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 value of $159,060.00. Following the completion of the transaction, the insider now directly owns 1,736,884 shares of the company’s stock, valued at approximately $418,589,044. The trade was a 0.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 189,956 shares of company stock valued at $46,058,091. 12.19% of the stock is currently owned by corporate insiders.

Constellation Brands Trading Down 2.0 %

STZ opened at $218.44 on Wednesday. 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’s fifty day moving average is $233.49 and its two-hundred day moving average is $242.46. The company has a market capitalization of $39.66 billion, a P/E ratio of 70.69, a PEG ratio of 1.69 and a beta of 1.75. Constellation Brands, Inc. has a 52 week low of $217.52 and a 52 week high of $274.87.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on STZ shares. Barclays dropped their price objective on shares of Constellation Brands from $309.00 to $300.00 and set an “overweight” rating for the company in a research note on Monday, October 7th. Roth Mkm reissued a “buy” rating and set a $298.00 price objective on shares of Constellation Brands in a research note on Friday, October 4th. Truist Financial lowered their price objective on Constellation Brands from $265.00 to $255.00 and set a “hold” rating for the company in a research note on Friday, October 4th. Wells Fargo & Company cut their target price on Constellation Brands from $295.00 to $275.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, BMO Capital Markets lowered their price target on Constellation Brands from $315.00 to $305.00 and set an “outperform” rating for the company in a research report on Tuesday, October 15th. 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 data from MarketBeat.com, Constellation Brands presently has an average rating of “Moderate Buy” and an average price target of $286.15.

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.