Constellation Brands INC (STZ) Stake Boosted by Hbk Sorce Advisory Llc

February 15, 2018 - By Nellie Frank

Investors sentiment decreased to 1.14 in 2017 Q3. Its down 0.02, from 1.16 in 2017Q2. It is 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. Bw Gestao De Investimentos Ltda stated it has 14,000 shares. 3,790 are owned by Security National Co. Kings Point Capital Management holds 127 shares. Envestnet Asset Management Inc reported 7,307 shares. 70,225 are owned by American Natl Tx. Arrow stated it has 0.41% of its portfolio in Constellation Brands, Inc. (NYSE:STZ). Ahl Llp invested 0.04% of its portfolio in Constellation Brands, Inc. (NYSE:STZ). Capital Global Invsts holds 0.02% of its portfolio in Constellation Brands, Inc. (NYSE:STZ) for 366,338 shares. The California-based Kelly Lawrence W And Incorporated Ca has invested 0.01% in Constellation Brands, Inc. (NYSE:STZ). Callahan Limited Liability owns 1,853 shares. 6,695 are held by Cypress Asset Mgmt Tx. New Jersey-based Regentatlantic Ltd Company has invested 0.11% in Constellation Brands, Inc. (NYSE:STZ). Mufg Americas Holdg reported 63,552 shares or 0.4% of all its holdings. Burt Wealth Advsr reported 0.06% of its portfolio in Constellation Brands, Inc. (NYSE:STZ). Citigroup, a New York-based fund reported 173,099 shares.

Since August 23, 2017, it had 0 buys, and 5 insider sales for $14.52 million activity. FROMBERG BARRY A also sold $441,943 worth of Constellation Brands, Inc. (NYSE:STZ) shares. The insider MULLIN THOMAS J sold 50,000 shares worth $10.47 million. 2,935 shares valued at $616,644 were sold by Newlands William A on Monday, October 9.

Hbk Sorce Advisory Llc increased its stake in Constellation Brands Inc (STZ) by 58.99% based on its latest 2017Q3 regulatory filing with the SEC. Hbk Sorce Advisory Llc bought 18,949 shares as the company’s stock rose 13.40% with the market. The institutional investor held 51,071 shares of the beverages (production and distribution) company at the end of 2017Q3, valued at $10.19 million, up from 32,122 at the end of the previous reported quarter. Hbk Sorce Advisory Llc who had been investing in Constellation Brands Inc for a number of months, seems to be bullish on the $42.07B market cap company. The stock increased 1.08% or $2.32 during the last trading session, reaching $216.32. About 745,811 shares traded. Constellation Brands, Inc. (NYSE:STZ) has risen 17.20% since February 15, 2017 and is uptrending. It has outperformed by 0.50% the S&P500.

Hbk Sorce Advisory Llc, which manages about $1.80 billion and $662.30M US Long portfolio, decreased its stake in Jpmorgan Chase & Co (AMJ) by 238,194 shares to 15,577 shares, valued at $440,000 in 2017Q3, according to the filing.

More recent Constellation Brands, Inc. (NYSE:STZ) news were published by: which released: “Constellation Brands Announces Full Redemption of 6.000% Senior Notes Due 2022” on January 29, 2018. Also published the news titled: “Bill Newlands Named Constellation Brands President and COO; Rob Sands Remains CEO” on February 14, 2018.‘s news article titled: “Here’s Why Constellation Brands Stock Continues to Surge” with publication date: January 22, 2018 was also an interesting one.

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

Among 23 analysts covering Constellation Brands (NYSE:STZ), 16 have Buy rating, 0 Sell and 7 Hold. Therefore 70% are positive. Constellation Brands had 75 analyst reports since August 27, 2015 according to SRatingsIntel. RBC Capital Markets maintained the shares of STZ in report on Thursday, September 14 with “Buy” rating. On Wednesday, January 4 the stock rating was upgraded by Bank of America to “Buy”. BMO Capital Markets initiated Constellation Brands, Inc. (NYSE:STZ) rating on Monday, February 5. BMO Capital Markets has “Buy” rating and $275.0 target. On Thursday, October 6 the stock rating was maintained by UBS with “Neutral”. Cowen & Co upgraded the stock to “Outperform” rating in Monday, November 23 report. The rating was maintained by FinnCap on Wednesday, September 16 with “Corporate”. The rating was maintained by Barclays Capital on Thursday, April 7 with “Overweight”. On Thursday, January 4 the stock rating was maintained by Wells Fargo with “Buy”. The firm has “Outperform” rating given on Tuesday, April 11 by Wells Fargo. The stock has “Outperform” rating by RBC Capital Markets on Friday, October 6.

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