In today’s session Constellation Brands, Inc. (STZ) registered an unusually high (538) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious STZ increase. With 538 contracts traded and 11084 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: STZ170120C00170000 closed last at: $7.3 or 3.9% down. About 693,028 shares traded hands. Constellation Brands, Inc. (NYSE:STZ) has risen 19.42% since March 14, 2016 and is uptrending. It has outperformed by 13.81% the S&P500.
Constellation Brands, Inc. (NYSE:STZ) Ratings Coverage
Out of 17 analysts covering Constellation Brands (NYSE:STZ), 12 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 71% are positive. Constellation Brands has been the topic of 31 analyst reports since August 27, 2015 according to StockzIntelligence Inc. UBS maintained the shares of STZ in a report on Thursday, October 6 with “Neutral” rating. SunTrust upgraded Constellation Brands, Inc. (NYSE:STZ) on Monday, March 14 to “Buy” rating. Credit Suisse initiated the stock with “Neutral” rating in Friday, September 16 report. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, August 27 report. Goldman Sachs maintained Constellation Brands, Inc. (NYSE:STZ) on Thursday, April 7 with “Buy” rating. As per Thursday, September 17, the company rating was initiated by Nomura. The rating was maintained by Argus Research with “Buy” on Monday, December 7. The stock has “Outperform” rating given by RBC Capital Markets on Tuesday, September 8. UBS initiated the stock with “Neutral” rating in Tuesday, December 15 report. The stock of Constellation Brands, Inc. (NYSE:STZ) earned “Outperform” rating by Wells Fargo on Tuesday, April 5.
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 2016 Q2. Its down 0.38, from 1.34 in 2016Q1. The ratio turned 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.
Oak Ridge Investments Ltd last reported 0.11% of its portfolio in the stock. Mycio Wealth Prtnrs Ltd Liability Com accumulated 0% or 5 shares. Intl Gp holds 0% of its portfolio in Constellation Brands, Inc. (NYSE:STZ) for 55,572 shares. Moreover, Macquarie Grp Inc Ltd has 0.01% invested in Constellation Brands, Inc. (NYSE:STZ) for 20,743 shares. Aureus Asset Mngmt Ltd Liability Company has 131,824 shares for 1.3% of their US portfolio. Hancock has 96,661 shares for 0.67% of their US portfolio. Parasol Inv Ltd holds 0.19% or 1,100 shares in its portfolio. Jane Street Llc, a New York-based fund reported 33,679 shares. Moreover, Fiduciary Trust has 0.02% invested in Constellation Brands, Inc. (NYSE:STZ) for 3,253 shares. Lvw Advsr Lc accumulated 0.15% or 2,366 shares. Beacon Mngmt Inc reported 660 shares or 0.01% of all its holdings. Nippon Life owns 11,272 shares or 0.05% of their US portfolio. Next Financial Grp Inc holds 0.08% or 1,515 shares in its portfolio. Marsico Mgmt Ltd Co accumulated 1.59% or 276,307 shares. Samlyn Ltd Company holds 3.35% of its portfolio in Constellation Brands, Inc. (NYSE:STZ) for 847,879 shares.
Constellation Brands, Inc. is an international beverage alcohol company. The company has a market cap of $33.72 billion. The Firm is a producer and marketer of beer and wine the United States and Canada. It has a 31.06 P/E ratio. The Company’s divisions include Beer, Wine and Spirits, and Corporate Operations and Other.
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.
More notable recent Constellation Brands, Inc. (NYSE:STZ) news were published by: Marketwatch.com which released: “Constellation Brands nears deal to sell its Canadian wine business” on October 16, 2016, also Wsj.com with their article: “Constellation Brands Acquires High West Distillery for $160 Million” published on October 04, 2016, 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) were released by: Reuters.com and their article: “BRIEF-Constellation Brands reaches an agreement to sell its Canadian wine …” published on October 17, 2016 as well as Wsj.com‘s news article titled: “Constellation Brands Eyes $1 Billion Sale of Canadian Wine Business” with publication date: September 30, 2016.
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