What Next for Constellation Brands, Inc. Stock After Today’s Bullish Options Activity?

 What Next for Constellation Brands, Inc. Stock After Today's Bullish Options Activity?

In today’s session Constellation Brands, Inc. (STZ) registered an unusually high (361) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious STZ increase. With 361 contracts traded and 3384 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: STZ161021C00160000 closed last at: $8.9 or 32.8% up. The stock increased 0.21% or $0.34 during the last trading session, hitting $165.85. About 1.50 million shares traded hands or 50.94% up from the average. Constellation Brands, Inc. (NYSE:STZ) has risen 15.35% since March 2, 2016 and is uptrending. It has outperformed by 6.11% the S&P500.

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 stock of Constellation Brands, Inc. (NYSE:STZ) earned “Outperform” rating by RBC Capital Markets on Thursday, October 8. The rating was maintained by Argus Research on Thursday, October 8 with “Buy”. The rating was downgraded by RBC Capital Markets to “Outperform” on Tuesday, September 8. Goldman Sachs maintained Constellation Brands, Inc. (NYSE:STZ) on Thursday, April 7 with “Buy” rating. The company was maintained on Monday, April 11 by Citigroup. The stock of Constellation Brands, Inc. (NYSE:STZ) has “Buy” rating given on Friday, December 11 by Stifel Nicolaus. Barclays Capital maintained the stock with “Overweight” rating in Thursday, April 7 report. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, December 16 report. The stock has “Neutral” rating given by JP Morgan on Thursday, April 7. The firm has “Buy” rating given on Monday, March 14 by SunTrust.

Insitutional Activity: The institutional sentiment decreased to 0.96 in 2016 Q2. Its down 0.38, from 1.34 in 2016Q1. The ratio worsened, 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.
Strategic Global Advsrs Limited Company reported 2,527 shares or 0.16% of all its holdings. Evercore Wealth Mngmt Ltd has 237 shares for 0% of their US portfolio. Jennison Associates Llc holds 0.39% of its portfolio in Constellation Brands, Inc. (NYSE:STZ) for 2.16M shares. Mirae Asset Glob Invs Ltd has 0.33% invested in the company for 77,394 shares. Jane Street Gru Ltd has invested 0.03% of its portfolio in Constellation Brands, Inc. (NYSE:STZ). Benjamin F Edwards last reported 211 shares in the company. Brant Point Invest Ltd Liability Company last reported 20,500 shares in the company. Pennant Cap Llc reported 791,476 shares or 3.36% of all its holdings. Pictet Asset Management Limited last reported 131,547 shares in the company. Banced reported 4,700 shares or 1.1% of all its holdings. Caisse De Depot Et Placement Du Quebec has 35,485 shares for 0.02% of their US portfolio. Marsico Capital Management owns 276,307 shares or 1.59% of their US portfolio. Fincl Counselors last reported 13,963 shares in the company. The New York-based Tiger Eye Ltd has invested 2.57% in Constellation Brands, Inc. (NYSE:STZ). Janus Ltd Liability Com holds 0.37% of its portfolio in Constellation Brands, Inc. (NYSE:STZ) for 2.62M shares.

Constellation Brands, Inc. is an international beverage alcohol company. The company has a market cap of $33.09 billion. The Firm is a producer and marketer of beer and wine the United States and Canada. It has a 33.3 P/E ratio. The Company’s divisions include Beer, Wine and Spirits, and Corporate Operations and Other.

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