State Of Tennessee Treasury Department Position in Constellation Brands INC (STZ) Has Trimmed by $4.74 Million as Stock Value Declined

May 25, 2018 - By Richard Conner

Investors sentiment increased to 1.24 in 2017 Q4. Its up 0.10, from 1.14 in 2017Q3. It increased, as 43 investors sold STZ shares while 243 reduced holdings. 97 funds opened positions while 257 raised stakes. 140.30 million shares or 2.61% less from 144.05 million shares in 2017Q3 were reported. Ifc Fl invested 0.07% in Constellation Brands, Inc. (NYSE:STZ). 3,290 are held by Parsons Capital Management Inc Ri. Moreover, Oppenheimer & has 0.18% invested in Constellation Brands, Inc. (NYSE:STZ). Stifel Fincl Corporation accumulated 89,748 shares or 0.06% of the stock. Advantus Capital Mngmt Inc invested 0.1% in Constellation Brands, Inc. (NYSE:STZ). Perigon Wealth Mngmt accumulated 140 shares. Guggenheim Capital owns 354,754 shares for 0.19% of their portfolio. 130,600 were reported by Virginia Retirement System Et Al. Tributary Cap Mgmt Lc reported 0.06% of its portfolio in Constellation Brands, Inc. (NYSE:STZ). Moreover, Mason Street Advsrs Limited Com has 0.13% invested in Constellation Brands, Inc. (NYSE:STZ) for 23,996 shares. Wespac Advisors invested in 954 shares. Louisiana State Employees Retirement Sys reported 10,400 shares stake. 1,016 are owned by Alesco Limited Liability. Blackrock, a New York-based fund reported 11.71 million shares. Chevy Chase stated it has 150,723 shares.

Since January 30, 2018, it had 0 insider purchases, and 4 selling transactions for $6.69 million activity. Shares for $4.09M were sold by Klein David Eric on Monday, April 2. 6,398 shares valued at $1.47 million were sold by LOCKE JAMES A III on Tuesday, April 17.

State Of Tennessee Treasury Department decreased its stake in Constellation Brands Inc (STZ) by 5.78% based on its latest 2017Q4 regulatory filing with the SEC. State Of Tennessee Treasury Department sold 20,768 shares as the company’s stock declined 2.39% with the market. The institutional investor held 338,742 shares of the beverages (production and distribution) company at the end of 2017Q4, valued at $77.43 million, down from 359,510 at the end of the previous reported quarter. State Of Tennessee Treasury Department who had been investing in Constellation Brands Inc for a number of months, seems to be less bullish one the $41.55 billion market cap company. The stock decreased 0.07% or $0.15 during the last trading session, reaching $216.81. About 983,691 shares traded. Constellation Brands, Inc. (NYSE:STZ) has risen 33.47% since May 25, 2017 and is uptrending. It has outperformed by 21.92% the S&P500.

State Of Tennessee Treasury Department, which manages about $22.36 billion US Long portfolio, upped its stake in Emerson Elec Co (NYSE:EMR) by 403,211 shares to 586,978 shares, valued at $40.91 million in 2017Q4, according to the filing. It also increased its holding in Mylan N V (NASDAQ:MYL) by 110,026 shares in the quarter, for a total of 418,940 shares, and has risen its stake in Hershey Co (NYSE:HSY).

Analysts await Constellation Brands, Inc. (NYSE:STZ) to report earnings on July, 5. They expect $2.48 EPS, up 5.98 % or $0.14 from last year’s $2.34 per share. STZ’s profit will be $475.28 million for 21.86 P/E if the $2.48 EPS becomes a reality. After $1.90 actual EPS reported by Constellation Brands, Inc. for the previous quarter, Wall Street now forecasts 30.53 % EPS growth.

More important recent Constellation Brands, Inc. (NYSE:STZ) news were published by: Globenewswire.com which released: “Constellation Brands to Present at the RBC 2018 Consumer and Retail Conference, May 30, 2018” on May 24, 2018, also Investorplace.com published article titled: “20 Stocks Hedge Fund Managers Are Buying In Bulk”, Seekingalpha.com published: “Tracking Stephen Mandel’s Lone Pine Capital Portfolio – Q1 2018 Update” on May 25, 2018. More interesting news about Constellation Brands, Inc. (NYSE:STZ) was released by: Seekingalpha.com and their article: “Canopy Growth Corp. – Smoking Hot Valuation” with publication date: May 25, 2018.

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

Among 11 analysts covering Constellation Brands (NYSE:STZ), 9 have Buy rating, 0 Sell and 2 Hold. Therefore 82% are positive. Constellation Brands had 15 analyst reports since December 14, 2017 according to SRatingsIntel. The company was maintained on Monday, April 2 by RBC Capital Markets. SunTrust maintained it with “Buy” rating and $26000 target in Thursday, March 29 report. The firm earned “Buy” rating on Monday, April 16 by Morgan Stanley. The rating was downgraded by Stifel Nicolaus to “Hold” on Tuesday, April 3. The firm earned “Buy” rating on Monday, February 5 by BMO Capital Markets. RBC Capital Markets maintained the stock with “Buy” rating in Thursday, December 21 report. Cowen & Co maintained Constellation Brands, Inc. (NYSE:STZ) on Thursday, March 29 with “Buy” rating. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, December 22. The stock has “Buy” rating by Deutsche Bank on Friday, March 23. The stock of Constellation Brands, Inc. (NYSE:STZ) has “Hold” rating given on Monday, January 8 by Credit Suisse.

Constellation Brands, Inc. (NYSE:STZ) Institutional Positions Chart

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