Constellation Brands, Inc. (NYSE:STZ) Holdings Cut by BlackRock Inc

Marco Green
March 13, 2018

This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. The hedge fund run by John Overdeck held 710,379 shares of the beverages (production and distribution) company at the end of 2017Q3, valued at $141.69M, up from 569,591 at the end of the previous reported quarter. The stock decreased 0.25% or $0.58 during the last trading session, reaching $229.76. About 2,056 shares traded. Target Corporation (NYSE:TGT) has declined 16.51% since March 12, 2017 and is downtrending. It has outperformed by 0.50% the S&P500. Finally, Elite Wealth Management Inc. bought a new stake in Constellation Brands in the 4th quarter valued at approximately $206,000. Two Creeks Capital Management Lp bought 140,788 shares as the company's stock rose 13.40% with the market. The stock increased 1.16% or $2.64 during the last trading session, reaching $230.34. 1,686,394 shares of the company traded hands, compared to its average volume of 1,670,000. (NYSE:STZ). Patten & Patten Tn has invested 1.85% of its portfolio in Constellation Brands, Inc. It has outperformed by 24.43% the S&P500. It improved, as 29 investors sold SRC shares while 73 reduced holdings. Its up 0.10, from 1.14 in 2017Q2. The company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.13. Carroll Financial Associates accumulated 25 shares. Wealthtrust Axiom Ltd Llc holds 0.56% or 459,728 shares. (NYSE:STZ). Principal Fincl Gru holds 252,684 shares or 0.05% of its portfolio. Whittier Commerce Of Nevada holds 0.01% of its portfolio in Fastenal Company (NASDAQ:FAST) for 1,368 shares.

COPYRIGHT VIOLATION WARNING: "First Trust Advisors LP Decreases Holdings in Constellation Brands, Inc". Arrowstreet Capital Limited Partnership grew its stake in shares of Constellation Brands by 11,394.5% during the fourth quarter. Daiwa Gp Incorporated has invested 0% of its portfolio in Spirit Realty Capital, Inc. (NYSE:STZ) for 3,294 shares. Adage Cap Ptnrs Group Ltd Liability Com accumulated 214,044 shares or 0.1% of the stock. Wilkins Investment Counsel has invested 1.49% of its portfolio in Fastenal Company (NASDAQ:FAST).

Orinda Asset Management Llc, which manages about $286.18M and $109.07M US Long portfolio, decreased its stake in City Office Reit Inc (NYSE:CIO) by 57,816 shares to 491,580 shares, valued at $6.77M in 2017Q3, according to the filing. Blackrock holds 0% of its portfolio in Sonic Foundry, Inc. Guardian Cap Advsrs Lp holds 7,530 shares. At Commercial Bank invested in 0.46% or 20,354 shares. LP grew its stake in shares of Constellation Brands by 11.0% during the third quarter.

STZ has been the subject of several recent research reports. STZ's profit will be $337.16M for 33.01 P/E if the $1.74 EPS becomes a reality. Zacks Investment Research cut Constellation Brands from a "buy" rating to a "hold" rating in a report on Wednesday, February 21st. Therefore 58% are positive. During the same period in the previous year, the company posted $1.96 earnings per share. analysts predict that Constellation Brands will post 8.53 EPS for the current year. Citigroup maintained the shares of UNP in report on Tuesday, September 13 with "Buy" rating. The company was initiated on Thursday, August 4 by Loop Capital. The rating was maintained by Pivotal Research on Thursday, June 29 with "Buy". Goldman Sachs maintained it with "Buy" rating and $21200 target in Friday, June 30 report. They issued an "overweight" rating and a $255.00 price target for the company.

Since October 9, 2017, it had 0 buys, and 4 sales for $12.05 million activity.

In other news, Director Barry A. Fromberg sold 2,005 shares of the business's stock in a transaction dated Tuesday, January 30th. (NYSE:STZ) by 44.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. After $2.00 actual earnings per share reported by Constellation Brands, Inc. for the previous quarter, Wall Street now forecasts -13.00% negative EPS growth. Therefore 70% are positive. Constellation Brands had 75 analyst reports since August 27, 2015 according to SRatingsIntel. The firm has "Buy" rating given on Friday, December 11 by Stifel Nicolaus. Morgan Stanley maintained Constellation Brands, Inc. (NYSE:STZ) or 20,194 shares. The rating was reinitiated by Barclays Capital with "Overweight" on Thursday, December 17. Stifel Nicolaus maintained Constellation Brands, Inc. Credit Suisse maintained Constellation Brands, Inc. (NYSE:STZ) earned "Buy" rating by Bank of America on Wednesday, January 4. Cowen & Co upgraded Constellation Brands, Inc. (STZ) opened at $230.34 on Monday. UBS maintained Constellation Brands, Inc. Susquehanna maintained Constellation Brands, Inc. The rating was downgraded by Northcoast to "Neutral" on Thursday, June 2.

Constellation Brands declared that its board has initiated a stock repurchase plan on Friday, January 5th that authorizes the company to repurchase $3.00 billion in outstanding shares. The firm has "Buy" rating by Argus Research given on Monday, December 7. The stock has "Neutral" rating by Mizuho on Monday, July 10.

Investors sentiment decreased to 1.14 in 2017 Q3. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.40 and a quick ratio of 0.54. It dived, as 40 investors sold STZ shares while 242 reduced holdings. Bessemer Group Inc. raised its position in shares of Constellation Brands by 153.1% in the 4th quarter. 144.05 million shares or 0.63% more from 143.15 million shares in 2017Q2 were reported. Country Club Co Na owns 10,000 shares for 0.06% of their portfolio. Parsons Mgmt Ri owns 24,696 shares for 0.74% of their portfolio.

Constellation Brands, Inc is an worldwide beverage alcohol company. (NYSE:STZ) for 30,313 shares. Rhumbline Advisers reported 301,190 shares. Westpac reported 32,972 shares. The New York-based Douglass Winthrop Advsr Ltd Liability Company has invested 0.03% in Constellation Brands, Inc.

Among 23 analysts covering Constellation Brands (NYSE:STZ), 16 have Buy rating, 0 Sell and 7 Hold. (NYSE:STZ) for 102,392 shares. (NASDAQ:SOFO). Morgan Stanley stated it has 2,400 shares. Bessemer Grp has 0% invested in Constellation Brands, Inc. Wells Fargo & Co raised their price target on shares of Constellation Brands from $235.00 to $260.00 and gave the company an "outperform" rating in a report on Thursday, January 4th. State Of Tennessee Treasury Department reported 78,710 shares or 0.02% of all its holdings. Cetera Advisor Network Ltd Liability Company invested in 0.05% or 5,119 shares. Based on an average daily trading volume, of 1,727,545 shares, the days-to-cover ratio is presently 1.4 days.

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