Constellation Brands INC (Call) (STZ) Share Price Rose While Melvin Capital Management LP Has Lowered Its Stake by $21.89 Million

January 21, 2018 - By Louis Casey

Investors sentiment decreased to 1.14 in Q3 2017. Its down 0.02, from 1.16 in 2017Q2. It turned negative, as 40 investors sold STZ shares while 242 reduced holdings. 79 funds opened positions while 243 raised stakes. 144.05 million shares or 0.63% more from 143.15 million shares in 2017Q2 were reported. Legacy Private Communications holds 1.63% or 67,213 shares. Clinton Group Incorporated, a New York-based fund reported 26,739 shares. Invesco Ltd accumulated 557,067 shares. 50,870 are owned by Hl Fincl. Kingdon Cap Ltd Liability accumulated 23,137 shares. Canada Pension Plan Board holds 0.09% of its portfolio in Constellation Brands, Inc. (NYSE:STZ) for 229,046 shares. St Johns Invest Mgmt Ltd Liability Corp holds 0.01% in Constellation Brands, Inc. (NYSE:STZ) or 100 shares. Lau Associates Limited reported 1.12% of its portfolio in Constellation Brands, Inc. (NYSE:STZ). Manufacturers Life Insurance Com The reported 0.29% of its portfolio in Constellation Brands, Inc. (NYSE:STZ). Mckinley Cap Delaware reported 1.41% stake. Moreover, Mai Mgmt has 0.07% invested in Constellation Brands, Inc. (NYSE:STZ). Stephens Incorporated Ar holds 1,588 shares. Lvw Ltd Llc holds 2,816 shares. Peak6 Investments LP has 0.08% invested in Constellation Brands, Inc. (NYSE:STZ). 8,900 are owned by Archon.

Since August 1, 2017, it had 0 insider buys, and 5 selling transactions for $24.74 million activity. $10.66 million worth of Constellation Brands, Inc. (NYSE:STZ) shares were sold by MULLIN THOMAS J. 2,500 shares were sold by FROMBERG BARRY A, worth $520,000 on Tuesday, October 10. On Monday, October 9 Newlands William A sold $616,644 worth of Constellation Brands, Inc. (NYSE:STZ) or 2,935 shares.

Melvin Capital Management Lp decreased its stake in Constellation Brands Inc (Call) (STZ) by 2.38% based on its latest 2017Q3 regulatory filing with the SEC. Melvin Capital Management Lp sold 110,000 shares as the company’s stock rose 13.40% with the market. The institutional investor held 4.51M shares of the beverages (production and distribution) company at the end of 2017Q3, valued at $899.80 million, down from 4.62M at the end of the previous reported quarter. Melvin Capital Management Lp who had been investing in Constellation Brands Inc (Call) for a number of months, seems to be less bullish one the $42.76 billion market cap company. The stock increased 0.46% or $0.99 during the last trading session, reaching $218.28. About 2.24 million shares traded or 38.15% up from the average. Constellation Brands, Inc. (NYSE:STZ) has risen 17.20% since January 21, 2017 and is uptrending. It has outperformed by 0.50% the S&P500.

Melvin Capital Management Lp, which manages about $8.31 billion US Long portfolio, upped its stake in Summit Matls Inc by 1.43 million shares to 1.83M shares, valued at $58.46M in 2017Q3, according to the filing. It also increased its holding in Carvana Co by 300,000 shares in the quarter, for a total of 975,000 shares, and has risen its stake in Wyndham Worldwide Corp (NYSE:WYN).

More notable recent Constellation Brands, Inc. (NYSE:STZ) news were published by: Reuters.com which released: “Constellation Brands’ third-quarter profit jumps 21 percent” on January 05, 2018, also Seekingalpha.com with their article: “Constellation Brands: A Hold For Now” published on January 09, 2018, Fool.com published: “Constellation Brands Earnings: 3 Things to Watch” on January 01, 2018. More interesting news about Constellation Brands, Inc. (NYSE:STZ) were released by: Seekingalpha.com and their article: “Constellation Brands: Brewing A Great Future In An Aged Market” published on January 10, 2018 as well as Reuters.com‘s news article titled: “Constellation third quarter sales miss, no hit from legalized pot” with publication date: January 05, 2018.

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

Among 22 analysts covering Constellation Brands (NYSE:STZ), 15 have Buy rating, 0 Sell and 7 Hold. Therefore 68% are positive. Constellation Brands had 74 analyst reports since August 27, 2015 according to SRatingsIntel. The firm has “Neutral” rating by JP Morgan given on Thursday, April 7. The rating was maintained by Cowen & Co on Tuesday, September 5 with “Buy”. The firm has “Buy” rating by Goldman Sachs given on Thursday, April 7. The rating was initiated by UBS with “Neutral” on Tuesday, December 15. The rating was downgraded by RBC Capital Markets to “Outperform” on Tuesday, September 8. The stock of Constellation Brands, Inc. (NYSE:STZ) earned “Buy” rating by Wells Fargo on Friday, June 30. RBC Capital Markets maintained Constellation Brands, Inc. (NYSE:STZ) rating on Tuesday, August 1. RBC Capital Markets has “Buy” rating and $22000 target. On Monday, June 26 the stock rating was maintained by Morgan Stanley with “Buy”. The firm has “Buy” rating by Argus Research given on Monday, January 11. RBC Capital Markets maintained the shares of STZ in report on Thursday, September 14 with “Buy” rating.

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