November 28, 2016 - By Peter Erickson · 0 Comments
Constellation Brands Inc (NYSE:STZ) institutional sentiment increased to 0.98 in 2016 Q2. Its up 0.02, from 0.96 in 2016Q1. The ratio is more positive, as 297 hedge funds opened new and increased stock positions, while 309 sold and reduced stakes in Constellation Brands Inc. The hedge funds in our partner’s database now have: 148.38 million shares, down from 161.23 million shares in 2016Q1. Also, the number of hedge funds holding Constellation Brands Inc in their top 10 stock positions decreased from 42 to 40 for a decrease of 2. Sold All: 47 Reduced: 262 Increased: 222 New Position: 75.
Constellation Brands, Inc. is an international beverage alcohol company. The company has a market cap of $31.82 billion. The Firm is a producer and marketer of beer and wine the United States and Canada. It has a 29.07 P/E ratio. The Company’s divisions include Beer, Wine and Spirits, and Corporate Operations and Other.
The stock increased 1.20% or $1.85 on November 25, hitting $156.42. Constellation Brands, Inc. (NYSE:STZ) has declined 0.27% since April 25, 2016 and is downtrending. It has underperformed by 6.28% the S&P500.
Analysts await Constellation Brands, Inc. (NYSE:STZ) to report earnings on January, 5. They expect $1.69 earnings per share, up 19.01% or $0.27 from last year’s $1.42 per share. STZ’s profit will be $343.79M for 23.14 P/E if the $1.69 EPS becomes a reality. After $1.77 actual earnings per share reported by Constellation Brands, Inc. for the previous quarter, Wall Street now forecasts -4.52% negative EPS growth.
According to Zacks Investment Research, “Constellation Brands, Inc. is a leading international producer and marketer of beverage alcohol brands, with a broad portfolio across the wine, spirits and imported beer categories. The Company is the largest multi-category supplier of beverage alcohol in the United States; a leading producer and exporter of wine from Australia and New Zealand; and both a major producer and independent drinks wholesaler in the United Kingdom. Well-known brands in Constellation’s portfolio include: Corona Extra, Pacifico, St. Pauli Girl, Black Velvet, and Fleischmann’s.”
Kensico Capital Management Corp holds 19.45% of its portfolio in Constellation Brands, Inc. for 5.85 million shares. Newbrook Capital Advisors Lp owns 555,500 shares or 11.24% of their US portfolio. Moreover, Freshford Capital Management Llc has 9.46% invested in the company for 191,556 shares. The New York-based Suvretta Capital Management Llc has invested 8.35% in the stock. Conatus Capital Management Lp, a Connecticut-based fund reported 742,314 shares.#img1#
Ratings analysis reveals 71% of Constellation Brands’s analysts are positive. Out of 17 Wall Street analysts rating Constellation Brands, 12 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $130 while the high is $280. The stock’s average target of $177.07 is 13.20% above today’s ($156.42) share price. STZ was included in 31 notes of analysts from August 27, 2015. The stock of Constellation Brands, Inc. (NYSE:STZ) earned “Buy” rating by Argus Research on Thursday, October 8. The stock of Constellation Brands, Inc. (NYSE:STZ) earned “Outperform” rating by RBC Capital Markets on Tuesday, September 8. The stock of Constellation Brands, Inc. (NYSE:STZ) has “Neutral” rating given on Thursday, April 7 by JP Morgan. The firm has “Buy” rating given on Monday, January 11 by Argus Research. On Friday, December 11 the stock rating was maintained by Stifel Nicolaus with “Buy”. RBC Capital Markets maintained it with “Outperform” rating and $148 target price in Thursday, October 8 report. Argus Research maintained Constellation Brands, Inc. (NYSE:STZ) rating on Friday, October 2. Argus Research has “Buy” rating and $144 price target. The stock of Constellation Brands, Inc. (NYSE:STZ) earned “Buy” rating by Argus Research on Monday, December 7. The stock of Constellation Brands, Inc. (NYSE:STZ) earned “Overweight” rating by Barclays Capital on Thursday, December 17. The rating was maintained by Barclays Capital with “Overweight” on Thursday, April 7.
Constellation Brands, Inc., incorporated on December 4, 1972, is an international beverage alcohol company. The Firm is a producer and marketer of beer and wine the United States and Canada. The Company’s divisions include Beer, Wine and Spirits, and Corporate Operations and Other. The Company’s wine portfolio is complemented by select spirits brands and other select beverage alcohol products. It is a multi-category supplier (beer, wine and spirits) of beverage alcohol in the United States.
More important recent Constellation Brands, Inc. (NYSE:STZ) news were published by: Marketwatch.com which released: “Constellation Brands boosts stock buy backs by $1 billion” on November 21, 2016, also Wsj.com published article titled: “Constellation Brands Buys Brewery from Modelo”, Seekingalpha.com published: “Recession Watchlist: Constellation Brands” on November 14, 2016. More interesting news about Constellation Brands, Inc. (NYSE:STZ) was released by: Nasdaq.com and their article: “Constellation Brands Inc (STZ) Ex-Dividend Date Scheduled for November 04, 2016” with publication date: November 03, 2016.
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By Peter Erickson