Published: Mon, April 23, 2018
Business | By Tara Barton

Favorable News Coverage Extremely Likely to Affect Constellation Brands (STZ) Shares Price


Soroban Capital Partners Lp sold 598,725 shares as the company's stock declined 2.39% with the market. The institutional investor held 115,164 shares of the beverages (production and distribution) company at the end of 2017Q4, valued at $26.32 million, down from 123,640 at the end of the previous reported quarter. Soroban Capital Partners Lp who had been investing in Constellation Brands Inc for a number of months, seems to be less bullish one the $44.34B market cap company. The stock decreased 0.89% or $2.04 during the last trading session, reaching $227.58.Constellation Brands, Inc. has volume of 1.18 million shares. The company reported $1.90 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.74 by $0.16. (NYSE:CFG) has risen 21.47% since April 22, 2017 and is uptrending. STZ outperformed by 21.92% the S&P 500.

Shah Capital Management increased Avon Products Inc (AVP) stake by 15.12% reported in 2017Q4 SEC filing. Discovery Capital Management Llc sold 78,141 shares as Constellation Brands Inc (STZ)'s stock declined 2.39%. The institutional investor held 202,867 shares of the finance company at the end of 2017Q4, valued at $13.10 million, down from 224,367 at the end of the previous reported quarter. Joel Isaacson & Company Llc who had been investing in Mplx Lp for a number of months, seems to be bullish on the $27.24 billion market cap company. The stock decreased 0.28% or $0.19 during the last trading session, reaching $66.84. About 1.18M shares traded. (NYSE:STZ). Oregon Pub Employees Retirement Fund holds 0.06% in Constellation Brands, Inc. It has outperformed by 5.96% the S&P500. Arrowstreet Capital Limited Partnership now owns 1,183,937 shares of the company's stock valued at $270,612,000 after acquiring an additional 1,173,637 shares during the last quarter. It also reduced its holding in Cardinal Health Inc (NYSE:CAH) by 13,725 shares in the quarter, leaving it with 25,459 shares, and cut its stake in Apple Inc (NASDAQ:AAPL).

Investors sentiment increased to 1.09 in Q4 2017. Its up 0.18, from 0.91 in 2017Q3. It increased, as 55 investors sold V shares while 605 reduced holdings. 141 funds opened positions while 552 raised stakes. 250.53 million shares or 3.20% less from 258.81 million shares in 2017Q3 were reported. Bank & Trust Of Montreal Can invested 0.05% of its capital in Constellation Brands, Inc. (NYSE:STZ) for 3,693 shares. Oak Associates Oh reported 127,845 shares. Main Street Limited Liability Com holds 116,225 shares. Dupont Cap Mgmt Corporation reported 89,364 shs. Hightower Limited Liability Co has 0.04% invested in MPLX LP (NYSE:MPLX) for 146,156 shares. Meiji Yasuda Life Ins accumulated 0.91% or 58,174 shares. It also upped Bitauto Hldgs Ltd (NYSE:BITA) stake by 328,132 shares and now owns 743,493 shares.

Miracle Mile Advisors Llc decreased First Tr Exchange Traded Fd (HYLS) stake by 6,705 shares to 133,972 valued at $6.51 million in 2017Q4. The shares were sold at an average price of $229.22, for a total transaction of $687,660.00. MATSCHULLAT ROBERT W also sold $707,561 worth of Visa Inc. Cree Inc. had 61 analyst reports since August 12, 2015 according to SRatingsIntel. Cowen & Co maintained the shares of STZ in report on Tuesday, September 5 with "Buy" rating. (NYSE:STI) has "Buy" rating given on Thursday, September 7 by RBC Capital Markets. The rating was maintained by RBC Capital Markets with "Buy" on Friday, July 28. (NYSE:STZ) on Monday, November 23 to "Outperform" rating. Finally, OTR Global raised shares of Constellation Brands to a "positive" rating in a research report on Friday, March 23rd. (NYSE:STI) earned "Neutral" rating by Macquarie Research on Tuesday, October 20. The company was maintained on Tuesday, July 25 by Morgan Stanley. The company was upgraded on Monday, October 31 by Jefferies. The firm has "Hold" rating given on Friday, September 30 by Williams Capital Group.

Investors sentiment decreased to 0.82 in Q4 2017. The company has a quick ratio of 0.54, a current ratio of 1.40 and a debt-to-equity ratio of 1.01. It is positive, as 51 investors sold LYB shares while 271 reduced holdings. 97 funds opened positions while 257 raised stakes.

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Several equities analysts recently issued reports on STZ shares. $441,943 worth of Constellation Brands, Inc. Citigroup owns 153,902 shares or 0.03% of their U.S. portfolio. University Of Notre Dame Du Lac has invested 1.55% in Constellation Brands, Inc. (NYSE:STZ). New York-based First Eagle Mngmt Ltd Llc has invested 0% in Constellation Brands, Inc. 288.04 million shares or 0.22% more from 287.42 million shares in 2017Q3 were reported. (NYSE:V). Train Babcock Advsrs Limited Liability Company invested in 38,644 shares or 1.94% of the stock. Douglass Winthrop Ltd Liability Company stated it has 2,372 shares. (NYSE:STZ). Reliance Tru Of Delaware invested 0.06% of its portfolio in Constellation Brands, Inc. Parsec, North Carolina-based fund reported 141,149 shares. Constellation Brands had a return on equity of 19.07% and a net margin of 16.65%. (NYSE:V) for 40,962 shares. Graham Management Ltd Partnership holds 4,550 shares or 0.03% of its portfolio. Citadel Advisors Limited Com holds 0.16% or 1.15M shares in its portfolio.

Among 23 analysts covering Constellation Brands (NYSE:STZ), 15 have Buy rating, 0 Sell and 8 Hold. Therefore 81% are positive. Constellation Brands had 83 analyst reports since August 27, 2015 according to SRatingsIntel. On Monday, April 16 the stock rating was maintained by Morgan Stanley with "Buy". (NYSE:STZ) earned "Buy" rating by Cowen & Co on Thursday, October 5. Hancock holds 0.03% of its portfolio in Constellation Brands, Inc. The rating was maintained by Nomura with "Buy" on Thursday, October 26. The company was maintained on Wednesday, August 23 by Bank of America.

Constellation Brands, Inc., together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. SunTrust Banks reissued a "buy" rating on shares of Constellation Brands in a research report on Thursday. The stock presently has a consensus rating of "Buy" and an average price target of $183.62. The company was maintained on Thursday, April 7 by Barclays Capital. Stifel Nicolaus maintained Constellation Brands, Inc. MPLX LP (NYSE:MPLX) has declined 6.29% since April 22, 2017 and is downtrending. Stifel Nicolaus has "Buy" rating and $241.0 target. (NYSE:STZ) has "Outperform" rating given on Friday, April 7 by RBC Capital Markets. Constellation Brands has a 52-week low of $144.00 and a 52-week high of $184.73. They expect $2.80 EPS, up 23.89% or $0.54 from last year's $2.26 per share. T's profit will be $5.65 billion for 9.96 P/E if the $0.87 EPS becomes a reality. After $1.90 actual EPS reported by Constellation Brands, Inc. for the previous quarter, Wall Street now forecasts 31.05% EPS growth.

Since January 30, 2018, it had 0 buys, and 4 selling transactions for $6.69 million activity. LOCKE JAMES A III sold 6,398 shs worth $1.47M.

In other news, Director Barry A. Fromberg sold 3,000 shares of the stock in a transaction that occurred on Monday, April 2nd.

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