Cypress Capital Group Acquires New Stake in Constellation Brands Inc (STZ)

Cypress Capital Group Acquires New Stake in Constellation Brands Inc (STZ)

The first quarter results for our beer business are a testament to the ongoing growth opportunities we have for our iconic portfolio of brands, which posted depletions of nearly 12% for the quarter.

EPS in next five year years is expected to touch 8.01% while EPS growth in past 5 year was 8.00% along with sales growth of 3.90% in the last five years. Tompkins Financial Corp now owns 770 shares of the company's stock valued at $116,000 after buying an additional 175 shares during the last quarter.

04/07/2017 - Constellation Brands Inc had its "neutral" rating reiterated by analysts at UBS. Hanson McClain Inc. now owns 769 shares of the company's stock worth $125,000 after buying an additional 2 shares during the last quarter. Sigma Planning Corporation has 0.15% invested in Constellation Brands, Inc. Sumitomo Mitsui Trust Holdings Inc. now owns 601,095 shares of the company's stock valued at $97,419,000 after buying an additional 46,985 shares during the last quarter.

Constellation Brands ranked No. 1 on the most recent Rochester Business Journal list of food and beverage manufacturers. The company did not disappoint, posting results that beat market estimates for the ninth straight quarter. Hedge funds and other institutional investors own 76.79% of the company's stock.

The stock of Constellation Brands Incorporated (NYSE:STZ) registered an increase of 0.2% in short interest. The stock rose 1.00% or $1.92 reaching $194.71 per share. Constellation Brands Inc has a one year low of $144.00 and a one year high of $197.41.

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Constellation Brands Inc (NYSE STZ) opened at 192.79 on Friday. Constellation Brands had a net margin of 19.04% and a return on equity of 19.69%. During the same period in the previous year, the business earned $1.54 EPS. Constellation Brands's revenue for the quarter was up 5.5% compared to the same quarter past year. On Wednesday, August 5 the stock rating was downgraded by RBC Capital Markets to "Sector Perform". This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.08%. City Holding Company had 5 analyst reports since August 12, 2015 according to SRatingsIntel. Susquehanna Bancshares Inc restated a hold rating and issued a $158.00 price objective on shares of Constellation Brands in a research report on Wednesday, April 5th. If you are accessing this piece on another website, it was copied illegally and reposted in violation of US and worldwide trademark and copyright legislation.

A number of research firms recently commented on STZ. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.98 per share. (The) reiterated a "conviction-buy" rating and set a $212.00 target price (up from $198.00) on shares of Constellation Brands in a research note on Friday. OTR Global lowered Constellation Brands to a "positive" rating in a research report on Tuesday, March 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company. The RSI computes momentum as the ratio of higher closes to lower closes: stocks which have had more or stronger positive changes have a higher RSI than stocks which have had more or stronger negative changes.

In other Constellation Brands news, Director James A. Locke III sold 6,340 shares of the firm's stock in a transaction dated Monday, April 24th. The stock was sold at an average price of $170.03, for a total value of $119,021.00. Following the transaction, the director now directly owns 21,520 shares in the company, valued at $3,659,045.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Following the completion of the transaction, the vice president now owns 48,900 shares of the company's stock, valued at approximately $8,290,995. The disclosure for this sale can be found here.

The stock increased +1.15% (+2.10) during the last days session, reaching 184.00 and roughly 1894 shares were bought or sold by traders. Moreover, Essex Svcs has 0.07% invested in Constellation Brands, Inc. The Firm is a producer and marketer of beer, wine and spirits with activities in the United States, Canada, Mexico, New Zealand and Italy.

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