Could Constellation Brands, Inc. Gain Strenght? Option Traders Don’t Think So

 Could Constellation Brands, Inc. Gain Strenght? Option Traders Don't Think So

In today’s session Constellation Brands, Inc. (STZ) recorded an unusually high (411) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious STZ decrease. With 411 contracts traded and 26544 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: STZ161216P00135000 closed last at: $0.35 or 16.7% up. About 273,829 shares traded hands. Constellation Brands, Inc. (NYSE:STZ) has declined 0.27% since April 25, 2016 and is downtrending. It has underperformed by 6.28% the S&P500.

Analysts await Constellation Brands, Inc. (NYSE:STZ) to report earnings on January, 5. They expect $1.69 earnings per share, up 19.01% or $0.27 from last year’s $1.42 per share. STZ’s profit will be $343.88M for 23.21 P/E if the $1.69 EPS becomes a reality. After $1.77 actual earnings per share reported by Constellation Brands, Inc. for the previous quarter, Wall Street now forecasts -4.52% negative EPS growth.

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. The stock of Constellation Brands, Inc. (NYSE:STZ) has “Buy” rating given on Thursday, August 27 by Stifel Nicolaus. Wells Fargo initiated Constellation Brands, Inc. (NYSE:STZ) on Tuesday, April 5 with “Outperform” rating. The firm has “Overweight” rating given on Thursday, October 6 by Morgan Stanley. FinnCap maintained Constellation Brands, Inc. (NYSE:STZ) rating on Wednesday, September 16. FinnCap has “Corporate” rating and $280 price target. Pivotal Research maintained the stock with “Buy” rating in Thursday, January 7 report. JP Morgan maintained the shares of STZ in a report on Thursday, April 7 with “Neutral” rating. SunTrust upgraded the stock to “Buy” rating in Monday, March 14 report. Argus Research maintained Constellation Brands, Inc. (NYSE:STZ) on Monday, December 7 with “Buy” rating. The rating was maintained by RBC Capital Markets on Wednesday, December 16 with “Outperform”. Goldman Sachs maintained Constellation Brands, Inc. (NYSE:STZ) on Thursday, April 7 with “Buy” rating.

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 increased to 0.98 in Q2 2016. Its up 0.02, from 0.96 in 2016Q1. The ratio increased, 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.
Cornerstone Advsrs reported 5,500 shares or 0.23% of all its holdings. Egerton Capital (Uk) Limited Liability Partnership holds 1.85 million shares or 3.43% of its portfolio. Cupps Capital Management Lc holds 1.13% of its portfolio in Constellation Brands, Inc. (NYSE:STZ) for 26,326 shares. Duncker Streett Comm accumulated 0.02% or 300 shares. Gyroscope Capital Management Gru Limited Company accumulated 0.35% or 2,568 shares. Dixon Hubard Feinour & Brown Va has 44,460 shares for 2.35% of their US portfolio. Hanson & Doremus Inv accumulated 130 shares or 0.01% of the stock. Employees Retirement System Of Texas last reported 0.1% of its portfolio in the stock. Cobblestone Capital Limited holds 0.08% or 3,316 shares in its portfolio. Cwm holds 1,333 shares or 0.02% of its portfolio. Moreover, Mycio Wealth Ptnrs Ltd Liability Corporation has 0% invested in Constellation Brands, Inc. (NYSE:STZ) for 5 shares. Cornerstone Advsrs Inc last reported 0.01% of its portfolio in the stock. Tradewinds Cap Mgmt Llc holds 25 shares or 0% of its portfolio. Cubist Systematic Strategies Limited Liability Corporation accumulated 14,963 shares or 0.14% of the stock. Gabelli Funds Ltd Liability Com has invested 0.13% of its portfolio in Constellation Brands, Inc. (NYSE:STZ).

Constellation Brands, Inc. is an international beverage alcohol company. The company has a market cap of $31.92 billion. The Firm is a producer and marketer of beer and wine the United States and Canada. It has a 29.15 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: Marketwatch.com which released: “Constellation Brands boosts stock buy backs by $1 billion” on November 21, 2016, also Wsj.com published article titled: “Constellation Brands Buys Brewery from Modelo”, Seekingalpha.com published: “Recession Watchlist: Constellation Brands” on November 14, 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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