Hoplite Capital Management LP Increased Holding in Constellation Brands INC (STZ)

Lawrence Kim
December 14, 2017

It has underperformed by 17.33% the S&P500. (NYSE:STZ) was released by: Seekingalpha.com and their article: "A Cash Flow Analysis Of Molson Coors And Constellation Brands" with publication date: November 23, 2017. Hoplite Capital Management Lp bought 33,575 shares as the company's stock rose 13.40% with the market. In general, more thrust is placed on most recent actions by assigning higher weights to it than those assigned to past movements. The stock decreased 1.98% or $11.56 during the last trading session, reaching $571.4. About 691,765 shares traded.

Constellation Brands (NYSE:STZ) traded down 0.01% during midday trading on Thursday, hitting $184.48. It has outperformed by 0.50% the S&P500. (NYSE:STZ) on Tuesday, August 1. LMR Partners LLP now owns 4,110 shares of the company's stock worth $820,000 after buying an additional 1,551 shares in the last quarter. STZ's profit will be $367.69 million for 29.17 P/E if the $1.88 EPS becomes a reality. During the same period in the previous year, the company posted $1.77 EPS. research analysts predict that Constellation Brands, Inc. will post 8.43 earnings per share for the current year.

Highland Capital Management Llc increased General Electric Company (NYSE:GE) stake by 22,359 shares to 602,584 valued at $16.28M in 2017Q2. Following the completion of the transaction, the vice president now directly owns 72,924 shares in the company, valued at $15,825,237.24. Vanguard Mid Cap Value Index F (VOE) was raised too. Its up 0.34, from 0.82 in 2017Q1. It dropped, as 42 investors sold STZ shares while 242 reduced holdings.

Other hedge funds and other institutional investors have also made changes to their positions in the company. The company reported $2.47 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $2.17 by $0.30.

Constellation Brands, Inc. (NYSE:STZ)'s latest quote $220.01 $0.04 0.29% will find technical support in $217.77 a share and a breakdown below this region would be a significantly bearish signal for Constellation Brands, Inc. traders. (NYSE:STZ) by 2.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). Logan Capital Management has invested 1.17% in Constellation Brands, Inc.

Headlines about Constellation Brands (NYSE:STZ) have trended somewhat positive recently, Accern Sentiment reports. After $2.47 actual earnings per share reported by Constellation Brands, Inc. for the previous quarter, Wall Street now forecasts -23.89% negative EPS growth. The Impala Asset Management Llc holds 167,678 shares with $32.48 million value, down from 196,741 last quarter. Scopus Asset Management Lp holds 800,000 shares or 1.67% of its portfolio.

Constellation Brands, Inc. (NYSE:STZ) has seen its price went down by -1.27% over the course of one week. (NYSE:STZ). 103 were accumulated by Lenox Wealth Mgmt. C M Bidwell And Assocs Limited stated it has 50,805 shares. Moreover, Redmile Group Llc has 1.68% invested in the company for 509,698 shares. The company has a market cap of $42,710.00, a PE ratio of 26.59, a PEG ratio of 1.41 and a beta of 0.08. Eminence Limited Partnership holds 2.84% or 862,510 shares. Credit Suisse initiated Constellation Brands, Inc. Therefore 67% are positive. On average, equities research analysts forecast that Constellation Brands will post $7.95 earnings per share for the current fiscal year.

Analysts await Constellation Brands, Inc. RBC Capital Markets maintained Constellation Brands, Inc. (NYSE:CF) earned "Overweight" rating by Barclays Capital on Friday, August 14. Stifel Nicolaus maintained it with "Buy" rating and $162 target in Friday, December 11 report. The firm has "Buy" rating by Cowen & Co given on Tuesday, September 5. (NYSE:STZ) earned "Neutral" rating by Citigroup on Monday, October 9. UBS maintained it with "Neutral" rating and $182 target in Thursday, October 6 report. As per Thursday, August 27, the company rating was maintained by Stifel Nicolaus. Cowen & Co maintained the shares of STZ in report on Tuesday, April 11 with "Outperform" rating.

Since August 1, 2017, it had 0 insider purchases, and 5 selling transactions for $24.74 million activity. Newlands William A had sold 2,935 shares worth $616,644 on Monday, October 9. (NYSE:STZ). The New Jersey-based Nine Chapters Management Ltd Liability has invested 2.94% in Constellation Brands, Inc. In other Constellation Brands news, VP Thomas J. Mullin sold 39,854 shares of the company's stock in a transaction that occurred on Wednesday, April 12th. FROMBERG BARRY A had sold 2,500 shares worth $520,000. Its up 0.11, from 0.95 in 2017Q1. It is negative, as 56 investors sold CF Industries Holdings, Inc. shares while 125 reduced holdings. 63 funds opened positions while 153 raised stakes. Pub Employees Retirement Association Of Colorado has invested 0.02% of its portfolio in Vulcan Materials Company (NYSE:VMC). Mufg Americas holds 0.44% or 71,159 shares. Smithfield holds 0.01% or 314 shares. State Street, a Massachusetts-based fund reported 11.47M shares. Westfield Mngmt LP owns 772,954 shares. 58 were reported by Tarbox Family Office. FNB share have plunged by -12.98% in percentage terms since the start of the year - and added 8.06% in the last month. Finally, Acrospire Investment Management LLC boosted its holdings in shares of Constellation Brands by 100.0% in the 2nd quarter. (NYSE:STZ) for 353,962 shares. Amalgamated Commercial Bank stated it has 0.06% of its portfolio in Vulcan Materials Company (NYSE:VMC). Institutional investors and hedge funds own 75.04% of the company's stock. Great West Life Assurance Can owns 93,575 shares. First Mercantile Trust invested in 30,662 shares or 0.7% of the stock. It also increased its holding in Spdr S&P 500 Etf Tr (Put) (SPY) by 450,000 shares in the quarter, for a total of 1.00 million shares, and has risen its stake in Gms Inc.

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