Beer growth slows for Constellation Brands in Q3 fiscal-2018 - results

Constellations beer brands including Modelo enjoyed strong sales in YTD and Q3

Morgan Stanley maintained it with "Overweight" rating and $194 target in Thursday, October 6 report.

Several other research analysts have also weighed in on STZ. Finally, Evercore ISI restated an "outperform" rating and issued a $235.00 target price (up from $230.00) on shares of Constellation Brands in a research note on Friday, October 6th. Deutsche Bank initiated coverage on shares of Constellation Brands in a research note on Wednesday, December 13th. They issued a "buy" rating and a $244.00 price target for the company. Susquehanna Bancshares reissued a "neutral" rating and issued a $193.00 price target (up previously from $169.00) on shares of Constellation Brands in a research report on Monday, October 2nd. Constellation Brands presently has a consensus rating of "Buy" and an average target price of $224.80.

Constellation Brands (NYSE:STZ) traded down $1.71 during midday trading on Friday, hitting $225.79. Pinnacle Wealth Management Advisory Group Llc sold 8,482 shares as the company's stock declined 2.84% while stock markets rallied.

Now insiders hold 1,614,145 shares in the business which makes up 0.83% of shares. Impala Asset Management Llc who had been investing in Constellation Brands Inc for a number of months, seems to be less bullish one the $44.16B market cap company. (NYSE:STZ). Millennium Mgmt Limited Com holds 0.01% of its portfolio in Constellation Brands, Inc. Temporary downside caused buying opportunity with money flow recorded at $15.60M this was driven by Constellation Brands, Inc. up down ratio came in at 1.11X for yesterday with buying at $156.33 M in positive, while buying at dips stood at $140.73 ML, the positive divergence With respect to block trades, money flow index ended at $22.88 ML, investors continued buying stock throughout the day with $27.91 ML through upticks and $5.03 M in buying dips, this typically means traders took advantage of every dip to accumulate. Constellation Brands had a net margin of 16.65% and a return on equity of 19.07%. Company is expected to experience high revenue and earnings growth, but this might be uphill task with PEG at 1.72.

Beer sales, the company's biggest business, rose 8 percent in the quarter.

Vetr upgraded shares of Constellation Brands, Inc. Of those transactions, there were 182,380 shares of STZ bought and 290,743 shares sold. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Thomas J. Mullin sold 18,227 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $208.00, for a total value of $520,000.00. 400 shares valued at $92,023 were sold by Lindekugel Jon T on Tuesday, October 31. Insiders own 15.59% of the company's stock. 28 funds opened positions while 87 raised stakes.

Samsung finally responds to Galaxy Note 8 battery issue
A revolution that could define the next decade of smartphones just like the iPhone did in 2007 with its multi-touch technology. The image appears to confirm a couple of earlier leaks, revealing the Galaxy S9 will come with single camera setup on the rear.

However, Constellation Brands found another Louisville spirits company to invest in - Copper & Kings American Brandy Co. Veritable L.P. now owns 3,447 shares of the company's stock worth $668,000 after purchasing an additional 61 shares during the last quarter. Tredje AP fonden increased its position in Constellation Brands by 33.0% during the 2nd quarter. Loomis Sayles & Company LP has invested 0.02% in Constellation Brands, Inc. Thrivent Financial For Lutherans now owns 6,440 shares of the company's stock worth $1,248,000 after purchasing an additional 90 shares during the last quarter.

Right now Constellation Brands, Inc. immediate liquidity standing at 0.7% does not seem good, and low current ratio might be short term as management often use short term liquidity to meet its long term outlook. Finally, WFG Advisors LP increased its stake in shares of Constellation Brands by 7.3% during the 2nd quarter. Canada Pension Plan Invest Board, Ontario - Canada-based fund reported 129,534 shares.

COPYRIGHT VIOLATION NOTICE: "Evercore ISI Raises Constellation Brands (STZ) Price Target to $250.00" was first published by The Lincolnian Online and is owned by of The Lincolnian Online. If you are reading this article on another domain, it was stolen and reposted in violation of United States and worldwide copyright & trademark law. The correct version of this report can be viewed at

Cibc World Markets Corp decreased its stake in Constellation Brands Inc Cl A (STZ) by 61.44% based on its latest 2017Q3 regulatory filing with the SEC. The Company is a producer and marketer of beer, wine and spirits with operations in the United States, Canada, Mexico, New Zealand and Italy.

Organic sales across beer, spirits and wine increased by 7% in the nine months to the end of November, Constellation said today.


  • LG HU80KA 4K UHD Projecter All Set for CES 2018 Debut

    In fact, LG claims the ease with which the HU80KA projector can be used and installed happens to be the biggest USP of the device. Models pose with LG Electronics Inc.'s 4K UHD projector in this photo released by the company on January 5, 2018.
    When Is 'Game Of Thrones' Season 8 Premiering?

    When Is 'Game Of Thrones' Season 8 Premiering?

    The seventh season ended last August with an average of more than 30 million USA viewers per episode across multiple platforms. Martin has seen another of his books, Nightflyers, given the greenlight by Syfy in the U.S. and Netflix internationally.
    Egypt hot air balloon crash: casualties reported

    Egypt hot air balloon crash: casualties reported

    The accident occurred in Luxor, in southern Egypt, which is popular with tourists due to its number of ancient temples and ruins. The balloon was carrying both Egyptians and foreign tourists, with the nationality of the latter not yet having been disclosed.
  • U.S.  warns North Korea against new missile test, plays down talks

    U.S. warns North Korea against new missile test, plays down talks

    They are virtually in every city in Iran. "This is the precise picture of a long oppressed peoples rising up against their dictators".
    Top Hollywood women launch anti-harassment initiative

    Top Hollywood women launch anti-harassment initiative

    The fund will be administrated by National Women's Law Center , a national women's rights legal organization. Time's Up is a leaderless initiative created to help women of all industries.
    Mega Millions, Powerball Start New Year With Big Jackpots

    Mega Millions, Powerball Start New Year With Big Jackpots

    The Mega Millions drawing on Tuesday will be the 23rd since the jackpot was hit on October 25. Powerball players can win $1 million by matching five numbers without the Powerball number.
  • Are We Any Closer to Learning If Kylie Jenner Is Pregnant?

    Are We Any Closer to Learning If Kylie Jenner Is Pregnant?

    Ellen explained, and Khloe then responded, "I am pregnant!" "Still, as active as I have been during my pregnancy, I feel great". She has family and friends come to her house instead so she has company. "I don't know when I'm having the baby yet.
    Chocolate Is Going Extinct, According to Scientists

    Chocolate Is Going Extinct, According to Scientists

    Numerous efforts by graduate students there focus on using CRISPR to benefit small-holder farmers in the developing world. Given these very specific conditions, more than half of the world's chocolate is grown in Ghana and Côte d'Ivoire.
    Consensus eludes triple talaq Bill; legislation not tabled in RS

    Consensus eludes triple talaq Bill; legislation not tabled in RS

    The Left parties (CPM and CPI), SP, BSP, NCP, RJD and a host of other parties have issues with the Bill in its present form. The Bill on instant triple talaq will likely be sent to a select committee after a discussion in the Rajya Sabha tomorrow.
  • US warns Iran at UN

    US warns Iran at UN

    Iran on Wednesday angrily accused the the United Nations of meddling in its domestic affairs. Iranian Ambassador to the United Nations Gholamali Khoshroo told a U.N.
    Salah wins CAF African Footballer of the Year ahead of Mane, Aubameyang

    Salah wins CAF African Footballer of the Year ahead of Mane, Aubameyang

    On his move from AS Roma, the Egyptian stated, "I have had two incredible season with Roma and I was very happy over there". I want to encourage young girls out there to not let people discourage you and to follow your own heart".
    23 hurt, including firefighter, in Bronx blaze

    23 hurt, including firefighter, in Bronx blaze

    At least 12 people were injured early on Tuesday after a huge fire tore through an apartment building in NY , reports said. The fire is believed to have started in the Beverly Hills Furniture store on the street level of the four-floor building.


Latest news

Trump's threat to cut Palestinian aid worries many in Israel
In 2016, nearly $370m went to Unrwa, an agency that provides assistance to some five million Palestinian refugees across the Middle East.

Bills fans donate almost $400K to Andy Dalton, Tyler Boyd charities
Dalton threw a 49-yard touchdown pass with 44 seconds left to eliminate the Ravens and open a spot for the Bills. Many Bills fans donated $17 in recognition of the 17-year drought as word spread rapidly through social media.

CAPTAIN MARVEL Adds DeWANDA WISE (Could She Be Monica Rambeau?)
Her powers are off the charts, and when she's introduced, she will be by far the strongest character we've ever had. As a rising actor in the Hollywood system, Wise should be in great company for her first major blockbuster role.

Jimmy Iovine Leaving Apple In August
Iovine worked with Bruce Springsteen , John Lennon , U2, Eminem and Tupac during his career in the record business. According to multiple reports, Iovine could bid farewell to the digital giant's Apple Music by next summer.

Serena Williams Withdraws from Australian Open Due to Fitness Concerns
Williams gave birth to her first child with husband Alexis Ohanian in September, her sister Venus told ESPN's Pam Shriver . There is no word yet on when she will be, but Miami in March may be a good bet.

Apple warns iPhones, iPads and Mac computers hit by Intel flaw
Apple explains that Meltdown "has the the most potential to be exploited", while Spectre is "extremely difficult" to exploit. If the prediction was wrong, this speculative execution is rolled back in a way that is meant to be invisible to software.

First blue moon total eclipse in 150 years coming January 31
The phrase "once in a blue moon" - meaning something that does not happen very often - impresses how infrequent this event is. America's West Coast will get the best look at the blood moon as the eclipse begins at 2:51 a.m. and will last through 6 a.m.

Man Accused Of Sexual Assault On Spirit Airlines Flight
The horrified passenger woke up and allegedly found her shirt and trousers unbuttoned, and the man's hand inside her trousers . He ultimately admitted to unzipping her trousers and attempting to digitally penetrate her, The Detroit News reports.

Storm forces dozens of flight cancellations at Ottawa airport
A man walks down the middle of Agricola Street in Halifax as a major winter storm blasts the Maritimes. In NYC , the rapidly intensifying storm, dubbed a " bomb cyclone ", dumped as much as 13 inches.

Amazon Alexa now controls your microwave
Could Alexa be the next big thing in 2018? As such the company is already offering its Echo lineup in different form factors. It'll also spread availability beyond the US-only skills that the new system will ship with now, to other countries.

Charge for coffee cups will help tackle packaging waste, say MPs
It was the EAC's recommendations of banning microbeads that bolstered government into doing so (the full ban comes into effect this coming July).

Nokia 6 2018 Leaked ahead of Launch - First Look, Price, Specifications
The Finnish producer has clearly picked on-screen route to make the interface of the new Nokia 6 nearer to stock Android UI. The 32GB model will be priced at ¥1499 ($230USD, ₹14634) while the 64GB model at ¥1699 ($260USD, ₹16587).

Carrie Underwood Reveals Facial Injury in Note to Fans
The 34-year-old Grammy victor , who is the face of Olay and Almay, said that for some time she wasn't ready to talk about it. Underwood shared with fans that after seven weeks of recovery, she is ready to tell people , but not ready to show them.

Analysts say there's a 40% chance Apple will buy Netflix
Netflix invests heavily on original series and has crafted some of the most popular and talked-about television series we know of. Unfortunately for Apple , most users still prefer traditional streaming content apps like Hulu and Netflix .

Nintendo Switch Mystery Game Listings Appear on Amazon
According to Wololo , this will open the door for a potential homebrew launcher for the Nintendo Switch in the near future. As with most consoles, the Nintendo Switch is heavily locked down so that only approved software can run on the system.

Other news