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Principale » Corona beer owner set to buy into world's largest cannabis grower

Corona beer owner set to buy into world's largest cannabis grower

01 Novembre 2017

Shares of Constellation Brands Inc (STZ) traded up 1.99% during mid-day trading on Tuesday, reaching $217.23. Market watchers project the Canadian marijuana industry will ultimately be worth almost $10 billion, and Constellation expects to get a fair share. Constellation Brands comprises approximately 0.8% of Euclid Advisors LLC's investment portfolio, making the stock its 18th largest position. D L Carlson Investment Group Inc. boosted its stake in Constellation Brands by 22.3% during the 2nd quarter. PineBridge Investments L.P. now owns 690 shares of the company's stock worth $115,000 after buying an additional 530 shares in the last quarter. Brighton Jones LLC acquired a new stake in Constellation Brands during the 2nd quarter worth $245,000. Daiwa SB Investments Ltd. bought a new stake in shares of Constellation Brands during the second quarter worth $134,000. Finally, Oak Ridge Investments LLC boosted its stake in Constellation Brands by 24.4% during the 2nd quarter. 425,782 shares of the company traded hands.

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Shares of Constellation Brands Inc. The stock has a market capitalization of $30.57 billion, a PE ratio of 26.16 and a beta of 0.59.

Insider QUINN JAMES E bought 487 Shares Of Deckers Outdoor Corporation (DECK)
James Investment Research Inc. acquired a new stake in Deckers Outdoor Corporation in the 2nd quarter valued at about $148,000. The average Wall Street analyst rating for Deckers Outdoor Corporation is Hold, according to the average of 12 analyst scores.

Constellation Brands (NYSE:STZ) last released its earnings results on Thursday, October 5th. Constellation Brands had a return on equity of 22.81% and a net margin of 21.47%. The company earned $2.02 billion during the quarter. During the same period in the prior year, the business posted $1.77 earnings per share. The firm's quarterly revenue was up 16.6% on a year-over-year basis.

Constellation said the transaction is expected to close during the Company's third quarter of fiscal 2018. The ex-dividend date is Monday, November 6th. This represents a $1.60 dividend on an annualized basis and a yield of 1.05%. Constellation Brands's dividend payout ratio (DPR) is presently 23.85%. Macquarie initiated coverage on shares of Constellation Brands in a research note on Thursday, September 14th. The company produces several brands of medical cannabis, including Tweed, Spectrum and Bedrocan. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. They set an "outperform" rating and a $227.00 target price on the stock. The stock was sold at an average price of $210.10, for a total transaction of $616,643.50. Following the completion of the transaction, the vice president now owns 88,602 shares of the company's stock, valued at $14,745,144.84.