Constellation branches out, buys stake in marijuana company

Constellation branches out, buys stake in marijuana company”

The company that owns Corona is getting into Canadian pot.

Constellation Brands, Inc is an global beverage alcohol company. The stock rose 1.21% or $2.57 reaching $215.57. 425,782 shares of the company traded hands. Callahan Advsr Ltd reported 1,968 shares. It has outperformed by 45.78% the S&P500.

Cibc World Markets Corp increased Republic Svcs Inc Com (NYSE:RSG) stake by 64,308 shares to 88,391 valued at $5.63M in 2017Q2. Constellation Brands Inc has a 52-week low of $144.00 and a 52-week high of $217.23.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Wednesday, October 5th.

"We are thrilled to have the backing of such a well-established and respected organization such as Constellation Brands". More interesting news about Constellation Brands, Inc.

Moramarco said the investment would likely help Constellation Brands understand the cannabis business from the inside. Its up 0.34, from 0.82 in 2017Q1.

Several other institutional investors have also modified their holdings of STZ. (NYSE:STZ) for 696 shares. Wellington Management Group LLP acquired a new position in shares of Constellation Brands during the first quarter valued at $57,704,000. Tci Wealth Advsr holds 0.01% or 56 shares. Parkside National Bank & Trust And Trust reported 96 shares. 14,000 are owned by Bw Gestao De Investimentos Ltda. California-based Ar Asset Mgmt has invested 0.16% in Constellation Brands, Inc. (NYSE:STZ) or 1,816 shares. Argus Research maintained it with "Buy" rating and $154 target in Thursday, October 8 report. Therefore 67% are positive. Syngenta had 10 analyst reports since August 27, 2015 according to SRatingsIntel. The rating was downgraded by Bernstein on Tuesday, September 6 to "Market Perform". The firm has "Buy" rating by RBC Capital Markets given on Friday, June 30. (NYSE:STZ) rating on Monday, April 3. The company has a consensus rating of "Buy" and an average price target of $216.00. The stock of Constellation Brands, Inc. Finally, Credit Suisse Group AG started coverage on shares of Constellation Brands in a report on Thursday, September 15th. Century holds 0.32% or 1.61 million shares in its portfolio. It also reduced its holding in Applied Materials Inc. The shares were sold at an average price of $166.42, for a total transaction of $1,583,652.72. Maestri Luca sold $735,898 worth of stock or 4,757 shares. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The firm has "Hold" rating by Berenberg given on Monday, February 15. The rating was downgraded by Goldman Sachs to "Neutral" on Monday, July 24. The firm has "Buy" rating by Stifel Nicolaus given on Friday, December 11.

More notable recent Apple Inc.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.

Like this


01 November 2017
Spicy food may help curb unhealthy craving for salt
Fans of spicy foods might be doing their hearts a favor by adding more heat to their meals, a new study from China suggests. Reducing the amount of salt in the diet also reduces the risk of heart attacks and strokes.

01 November 2017
Super Mario Run Fails to Generate 'Acceptable Profit' for Nintendo
Today, Nintendo France is back on the success of its small console, and the announcement of the " sales stratospheric ". Between Mario , Zelda , and the red-hot Switch, Nintendo hasn't had a year this good in a very long time .

01 November 2017
Caterpillar, Inc. (NYSE:CAT) Raised to "Hold" at Vetr Inc
Loring Wolcott Coolidge Fiduciary Advsr Ltd Liability Partnership Ma has invested 0.01% of its portfolio in Netflix, Inc. Wall Street is only getting more bullish on the stock, with 10 of analysts who cover CAT having a buy-equivalent rating.

01 November 2017
South Africa Recommended To Host Tournament
The Rugby World Cup Limited Board has unanimously recommended to the World Rugby Council the selection of South Africa as RWC 2023 host.

01 November 2017
Violence in Somalia continues with Al-Shabaab's latest strike in Mogadishu
The US military has increased its strikes against al Shabaab this year, with nearly 20 drone missions against the terror group. Experts have said the death toll in the earlier bombing was so high that the group hesitated to alienate Somali citizens.

01 November 2017
Uluru climbing ban from 2019
In addition to being incredibly disrespectful, climbing Uluru is often unsafe , and has led to a number of deaths over the years. From 2019 visitors to Uluru won't be allowed to climb the iconic landmark rock in Australia, traditional owners have decided.

01 November 2017
State tax deduction still on chopping block, Brady says
The aide spoke on condition of anonymity because the individual was not allowed to publicly discuss the schedule. And he's calling on industry groups to build momentum for the plan while he's in Asia for 10-and-a-half days.

01 November 2017
Burglar On The Loose In Melbourne's CBD
Damaging an emergency service vehicle would also be an offence if the legislation passed. Two guns were found inside the auto , police said.

01 November 2017
LSU's got nothing to lose and everything to gain against Alabama
Orgeron doesn't want those types of mistakes to happen again. "We talked on the phone, and he said I'm going to be a Tiger ". A recent interview of LSU players revealed that the Bengal Tigers don't fear the Tide (at least publicly).

01 November 2017
Dolphins WR Jarvis Landry isn't expected to be moved before trading deadline
It's left Eli Manning with a rag-tag group of receivers that have been unable to generate anything over the past few weeks. Landry is in the final year of his rookie contract as he will be an unrestricted free agent after the 2017 season.