What Will Happen to Constellation Brands, Inc. Next? The Stock Just Had Huge Bullish Options Activity

 What Will Happen to Constellation Brands, Inc. Next? The Stock Just Had Huge Bullish Options Activity

In today’s session Constellation Brands, Inc. (STZ) registered an unusually high (3,094) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious STZ increase. With 3,094 contracts traded and 50054 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: STZ161118C00170000 closed last at: $1 or 25% up. About 333,427 shares traded hands. Constellation Brands, Inc. (NYSE:STZ) has risen 5.44% since April 5, 2016 and is uptrending. It has outperformed by 3.48% 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. $280 is the highest target while $130 is the lowest. The $177.07 average target is 7.44% above today’s ($164.81) stock price. Constellation Brands has been the topic of 31 analyst reports since August 27, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, December 16. The stock of Constellation Brands, Inc. (NYSE:STZ) earned “Outperform” rating by Wells Fargo on Tuesday, April 5. The firm has “Buy” rating given on Friday, December 11 by Stifel Nicolaus. The stock of Constellation Brands, Inc. (NYSE:STZ) has “Neutral” rating given on Thursday, April 7 by JP Morgan. As per Thursday, October 8, the company rating was maintained by Argus Research. The rating was initiated by Nomura with “Neutral” on Thursday, September 17. On Friday, September 16 the stock rating was initiated by Credit Suisse with “Neutral”. The rating was maintained by FinnCap with “Corporate” on Wednesday, September 16. As per Monday, November 23, the company rating was upgraded by Cowen & Co. The firm earned “Buy” rating on Friday, January 8 by Stifel Nicolaus.

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.
Three Peaks Capital Mngmt Limited Liability Co last reported 2.08% of its portfolio in the stock. Moreover, Boston Private Wealth Ltd Com has 0.01% invested in Constellation Brands, Inc. (NYSE:STZ) for 1,300 shares. Blackrock Ltd last reported 0.12% of its portfolio in the stock. The Minnesota-based Bremer Trust Natl Association has invested 0.11% in Constellation Brands, Inc. (NYSE:STZ). Karpus Management last reported 0.04% of its portfolio in the stock. Beacon Cap last reported 0.01% of its portfolio in the stock. Coastline Trust Communication accumulated 0.53% or 15,805 shares. Truepoint has invested 0.03% of its portfolio in Constellation Brands, Inc. (NYSE:STZ). Old Mutual Customised Solutions (Proprietary) last reported 400 shares in the company. Conatus Capital Mgmt L P accumulated 742,314 shares or 7.76% of the stock. Ontario Teachers Pension Plan Board holds 40,224 shares or 0.07% of its portfolio. West Oak Capital Limited Liability Co, a California-based fund reported 100 shares. Engineers Gate Manager Ltd Partnership has 18,100 shares for 0.21% of their US portfolio. Fiera Capital, a Quebec – Canada-based fund reported 13,663 shares. Geneva Advsr Limited Liability has 0.01% invested in the company for 2,332 shares.

Constellation Brands, Inc. is an international beverage alcohol company. The company has a market cap of $33.29 billion. The Firm is a producer and marketer of beer and wine the United States and Canada. It has a 30.63 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 important recent Constellation Brands, Inc. (NYSE:STZ) news were published by: Wsj.com which released: “Constellation Brands Buys Brewery from Modelo” on October 31, 2016, also Investorplace.com published article titled: “Constellation Brands, Inc.’s Soaring Run Isn’t Over Yet (STZ)”, Wsj.com published: “Constellation Brands Close to Sale of its Canadian Wine Division” on October 16, 2016. More interesting news about Constellation Brands, Inc. (NYSE:STZ) was released by: Nasdaq.com and their article: “Constellation Brands Inc (STZ) Ex-Dividend Date Scheduled for November 04, 2016” with publication date: November 03, 2016.

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