The stock of Constellation Brands, Inc. (NYSE:STZ) is a huge mover today! About 1.16M shares traded hands or 0.87% up from the average. Constellation Brands, Inc. (NYSE:STZ) has risen 16.72% since March 3, 2016 and is uptrending. It has outperformed by 8.37% the S&P500.
The move comes after 8 months positive chart setup for the $34.92 billion company. It was reported on Oct, 6 by Barchart.com. We have $285.57 PT which if reached, will make NYSE:STZ worth $23.40B more.
Constellation Brands, Inc. (NYSE:STZ) Ratings Coverage
Out of 16 analysts covering Constellation Brands (NYSE:STZ), 11 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 69% are positive. Constellation Brands has been the topic of 28 analyst reports since August 27, 2015 according to StockzIntelligence Inc. The company was maintained on Wednesday, September 16 by FinnCap. CLSA upgraded the stock to “Outperform” rating in Tuesday, September 1 report. The firm has “Outperform” rating by RBC Capital Markets given on Tuesday, September 8. The company was initiated on Tuesday, April 5 by Wells Fargo. On Monday, November 23 the stock rating was upgraded by Cowen & Co to “Outperform”. The rating was initiated by UBS with “Neutral” on Tuesday, December 15. The firm has “Overweight” rating given on Thursday, April 7 by Barclays Capital. The rating was maintained by RBC Capital Markets with “Outperform” on Wednesday, December 16. The rating was maintained by Pivotal Research with “Buy” on Thursday, January 7. The stock of Constellation Brands, Inc. (NYSE:STZ) earned “Buy” rating by Argus Research on Friday, October 2.
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.”
Insitutional Activity: The institutional sentiment decreased to 0.96 in Q2 2016. Its down 0.38, from 1.34 in 2016Q1. The ratio is negative, as 47 funds sold all Constellation Brands, Inc. shares owned while 262 reduced positions. 75 funds bought stakes while 222 increased positions. They now own 148.38 million shares or 7.97% less from 161.23 million shares in 2016Q1.
Etrade Management Ltd holds 0.17% or 19,234 shares in its portfolio. Hills Comml Bank And Tru last reported 0.12% of its portfolio in the stock. Brave Asset Mngmt has invested 0.01% of its portfolio in Constellation Brands, Inc. (NYSE:STZ). Advisory Svcs Ntwk Ltd Liability Com owns 5,751 shares or 0.22% of their US portfolio. Robeco Institutional Asset Mngmt Bv holds 0.04% or 33,075 shares in its portfolio. Arcadia Management Mi, a Michigan-based fund reported 11 shares. Neuberger Berman Lc has invested 0.01% of its portfolio in Constellation Brands, Inc. (NYSE:STZ). Kensico Mgmt holds 19.45% of its portfolio in Constellation Brands, Inc. (NYSE:STZ) for 5.85M shares. Athena Cap Advisors Lc last reported 0.11% of its portfolio in the stock. Wealthtrust Axiom Lc holds 0.16% or 2,500 shares in its portfolio. Teacher Retirement System Of Texas last reported 0.11% of its portfolio in the stock. Moreover, Sumitomo Life has 0.33% invested in Constellation Brands, Inc. (NYSE:STZ) for 14,494 shares. The Ontario – Canada-based Royal Bancorp Of Canada has invested 0.02% in Constellation Brands, Inc. (NYSE:STZ). Connor Clark And Lunn Investment Management Ltd reported 4,300 shares or 0.01% of all its holdings. Cubist Systematic Strategies Limited Liability accumulated 14,963 shares or 0.14% of the stock.
More important recent Constellation Brands, Inc. (NYSE:STZ) news were published by: Wsj.com which released: “Constellation Brands Eyes $1 Billion Sale of Canadian Wine Business” on September 30, 2016, also Investorplace.com published article titled: “Why Acacia Communications, Inc. (ACIA), Constellation Brands, Inc. (STZ), and …”, Fool.com published: “Key Items to Watch When Constellation Brands, Inc. Reports Earnings” on September 26, 2016. More interesting news about Constellation Brands, Inc. (NYSE:STZ) was released by: Nasdaq.com and their article: “Mid-Morning Market Update: Markets Open Higher; Constellation Brands Tops Q2 Views” with publication date: October 05, 2016.
STZ Company Profile
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.
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