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Constellation Brands Sees Sales Decline In Q3

12 January 2018

Constellation Brands, Inc. (STZ) pays out an annual dividend of 2.08 per share. It has outperformed by 10.05% the S&P500. Insiders have sold a total of 73,662 shares of company stock worth $15,564,585 over the last 90 days. The institutional investor held 4,149 shares of the beverages (production and distribution) company at the end of 2017Q3, valued at $828,000, up from 2,115 at the end of the previous reported quarter.

The stock decreased 1.38% or $3.04 during the last trading session, reaching $216.84.

WPX Energy, Inc. (NYSE:WPX) ended its day at 14.31 with the rising stream of 0.49% and its total traded volume was 4.89 million shares less than the average volume. 0 analysts gave its stock an Outperform rating. One analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Therefore 68% are positive.

Constellation Brands Inc. (NYSE:STZ) touched its 1-Year High price of $229.50 on 01/04/18 and its 1-Year Low price of $146.71 on 01/12/17. (NYSE:STZ) established that the company was able to keep return on investment at 11.21 in the trailing twelve month while Reuters data showed that industry's average stands at 5.01 and sector's optimum level is 53.92. Evercore ISI upped their target price on Constellation Brands from $235.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday. The firm has "Sector Perform" rating by RBC Capital Markets given on Wednesday, April 19. Cowen & Co has "Buy" rating and $243.0 target. Stifel Nicolaus maintained the stock with "Buy" rating in Friday, December 22 report. The company maintains price to book ratio of 5.36 vs.an industry average at 2.25. Hanson McClain Inc. increased its stake in Constellation Brands by 0.3% in the second quarter. The firm has a market capitalization of $42,410.00, a price-to-earnings ratio of 26.34, a P/E/G ratio of 1.42 and a beta of 0.08. Royal Bank of Canada lifted their price target on Constellation Brands from $222.00 to $226.00 and gave the company an outperform rating in a research report on Friday, October 6th. As per Wednesday, February 1, the company rating was upgraded by HSBC.

Investors sentiment decreased to 0.75 in Q3 2017. In the past 13-year record, this ratio went down as low as 0.87 and as high as 8.77. It turned negative, as 40 investors sold Constellation Brands, Inc. shares while 242 reduced holdings.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. 159.80 million shares or 4.22% more from 153.33 million shares in 2017Q2 were reported. Architects holds 0.22% or 600 shares in its portfolio. According to their observations and findings, the stock could provide a high EPS of $1.81/share and a low EPS of $1.66/share.

Constellation Brands announced that its board has authorized a stock repurchase program on Friday, January 5th that authorizes the company to buyback $3.00 billion in shares. (NYSE:STZ) or 12,517 shares. Addison invested 2.91% in Constellation Brands, Inc. (NYSE:STZ). First Commonwealth Financial Corp Pa reported 3,598 shares.

Constellation Brands has a payout ratio of 24.6% meaning its dividend is sufficiently covered by earnings. (NYSE:STZ). Callahan Advsrs Ltd Liability Company has invested 0.08% in Constellation Brands, Inc. Cornerstone Capital Mngmt Limited Com stated it has 0.13% of its portfolio in Constellation Brands, Inc. (NYSE:STZ). Three Peaks Cap Mngmt Lc invested in 1.44% or 48,807 shares. (NYSE:STZ). Pub Employees Retirement Systems Of Ohio reported 139,884 shares or 0.14% of all its holdings. Cetera Advisor Network Ltd holds 0.05% or 5,119 shares in its portfolio.

Since August 1, 2017, it had 0 buys, and 5 selling transactions for $24.74 million activity. Shares for $10.47 million were sold by MULLIN THOMAS J on Friday, October 13. (NYSE:STZ) shares with value of $616,644 were sold by Newlands William A. SWAN ROBERT HOLMES also sold $937,805 worth of eBay Inc.

Analysts await Facebook, Inc. (NASDAQ:AAPL) to report earnings on January, 30. (NYSE:STZ). Northwestern Mutual Wealth Mgmt accumulated 0% or 2,837 shares. FB's profit will be $5.64 billion for 24.08 P/E if the $1.94 EPS becomes a reality.

These analysts also forecasted Growth Estimates for the Current Quarter for STZ to be 17.6%.

Mitchell Capital Management Co, which manages about $697.80 million and $274.20M US Long portfolio, decreased its stake in Honeywell Int'l Inc (NYSE:HON) by 2,431 shares to 59,536 shares, valued at $8.44 million in 2017Q3, according to the filing.

Investors sentiment decreased to 1.15 in Q3 2017. Its up 0.02, from 0.68 in 2017Q2. 57 funds opened positions while 119 raised stakes. Schroder Inv Mngmt Gru invested in 1,581 shares. Comerica Bancorporation invested in 0.1% or 67,757 shares. The Hawaii-based C M Bidwell And Limited has invested 0.99% in Textron Inc. Eaton Vance Mngmt owns 687,138 shares or 0.35% of their U.S. portfolio. Ftb Inc holds 0.79% or 197,995 shares. Laurion Management Limited Partnership holds 0% or 2,500 shares in its portfolio. Dnb Asset Mgmt As, Norway-based fund reported 1.07 million shares. (NASDAQ:STMP) shares were sold by MILLER LLOYD I III. The company is estimating to achieve earnings per share (EPS) growth of 45.30% in this year and the earnings per share (EPS) growth expected to be 11.39% in the next year. 878.69 million shares or 1.02% less from 887.72 million shares in 2017Q2 were reported. Bluestein R H Co holds 540,758 shares. The Iowa-based Principal has invested 0.05% in Constellation Brands, Inc.

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