Constellation Brands Inc (NYSE:STZ) Quarterly Sentiment Report

July 16, 2018 - By Vernon Prom

Sentiment for Constellation Brands Inc (NYSE:STZ)

Constellation Brands Inc (NYSE:STZ) institutional sentiment decreased to 1.18 in Q1 2018. Its down -0.06, from 1.24 in 2017Q4. The ratio dropped, as 355 institutional investors started new and increased holdings, while 301 sold and reduced their equity positions in Constellation Brands Inc. The institutional investors in our partner’s database now own: 134.88 million shares, down from 140.30 million shares in 2017Q4. Also, the number of institutional investors holding Constellation Brands Inc in their top 10 holdings increased from 35 to 36 for an increase of 1. Sold All: 45 Reduced: 256 Increased: 256 New Position: 99.

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. The company has market cap of $40.66 billion. The firm sells wine across various categories, including table wine, sparkling wine, and dessert wine. It has a 18.41 P/E ratio. It offers beer primarily under the Corona Extra, Corona Light, Modelo Especial, Modelo Negra, and Pacifico brands; wine under the Black Box, Clos du Bois, Estancia, Franciscan Estate, Inniskillin, Kim Crawford, Mark West, Meiomi, Mount Veeder, Nobilo, Robert Mondavi, Ruffino, Saved, Simi, The Dreaming Tree, The Prisoner, Charles Smith, and Wild Horse brands; and sprits under the SVEDKA vodka, Black Velvet Canadian whisky, Casa Noble tequila, High West craft whisky brands.

The stock decreased 1.30% or $2.81 during the last trading session, reaching $212.69. About 1.10M shares traded. Constellation Brands, Inc. (NYSE:STZ) has risen 20.36% since July 16, 2017 and is uptrending. It has outperformed by 7.79% the S&P500.

Analysts await Constellation Brands, Inc. (NYSE:STZ) to report earnings on October, 4. They expect $2.85 earnings per share, up 15.38 % or $0.38 from last year’s $2.47 per share. STZ’s profit will be $544.89M for 18.66 P/E if the $2.85 EPS becomes a reality. After $2.20 actual earnings per share reported by Constellation Brands, Inc. for the previous quarter, Wall Street now forecasts 29.55 % EPS growth.

Kensico Capital Management Corp holds 17.47% of its portfolio in Constellation Brands, Inc. for 4.31 million shares. Hillman Co owns 192,657 shares or 13.38% of their US portfolio. Moreover, Freshford Capital Management Llc has 10.43% invested in the company for 275,676 shares. The New York-based Two Creeks Capital Management Lp has invested 7.88% in the stock. Suvretta Capital Management Llc, a New York-based fund reported 1.31 million shares.

Since January 1, 0001, it had 0 insider buys, and 4 sales for $6.69 million activity.

Constellation Brands, Inc. (NYSE:STZ) Ratings Coverage

Ratings analysis reveals 88% of Constellation Brands Inc’s analysts are positive. Out of 8 Wall Street analysts rating Constellation Brands Inc, 7 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $224 while the high is $28000. The stock’s average target of $259.75 is 22.13% above today’s ($212.69) share price. STZ was included in 12 notes of analysts from February 5, 2018. The stock has “Overweight” rating by Morgan Stanley on Tuesday, April 3. The rating was maintained by Stifel Nicolaus on Monday, July 2 with “Hold”. The company was maintained on Thursday, March 29 by Cowen & Co. The stock of Constellation Brands, Inc. (NYSE:STZ) has “Hold” rating given on Tuesday, April 3 by Stifel Nicolaus. Morgan Stanley maintained it with “Overweight” rating and $258 target in Tuesday, July 3 report. The stock of Constellation Brands, Inc. (NYSE:STZ) has “Hold” rating given on Thursday, May 31 by Stifel Nicolaus. The stock of Constellation Brands, Inc. (NYSE:STZ) has “Buy” rating given on Monday, February 5 by BMO Capital Markets. The rating was maintained by SunTrust on Thursday, March 29 with “Buy”. The company was maintained on Friday, March 23 by Deutsche Bank. The company was maintained on Monday, April 2 by RBC Capital Markets.

More notable recent Constellation Brands, Inc. (NYSE:STZ) news were published by: Seekingalpha.com which released: “Susquehanna cautious on Constellation Brands” on June 20, 2018, also Finance.Yahoo.com with their article: “Trade of the Day: Constellation Brands, Inc. Class A (STZ)” published on July 02, 2018, Seekingalpha.com published: “Constellation Brands: An Update” on July 09, 2018. More interesting news about Constellation Brands, Inc. (NYSE:STZ) were released by: Fool.com and their article: “Is Constellation Brands Headed for Slower Growth?” published on July 12, 2018 as well as Fool.com‘s news article titled: “Constellation Brands Earnings: 3 Things to Watch” with publication date: June 25, 2018.

Constellation Brands, Inc. (NYSE:STZ) Institutional Positions Chart

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