Constellation Brands stock is trading -8.51% below its average target price of $275.77 after dropping -2.0% during today's morning session. Analysts are giving the large-cap Alcoholic Beverages company an average rating of buy and target prices ranging from $238 to $310 per share.
Constellation Brands's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.2%. The stock's short ratio is 2.08. Another number to watch is the company's rate of institutional share ownership, which now stands at 73.6%.
Constellation's Institutional Holders
Holder | Shares | Date Reported | Percentage | Value |
---|---|---|---|---|
Vanguard Group, Inc. (The) | 12,247,458 | 2022-09-29 | 7.6% | $3,077,326,878.00 |
Blackrock Inc. | 11,058,098 | 2022-09-29 | 6.86% | $2,778,485,314.00 |
Capital World Investors | 6,873,859 | 2022-09-29 | 4.26% | $1,727,142,976.00 |
State Street Corporation | 6,862,116 | 2022-09-29 | 4.26% | $1,724,192,400.00 |
Wellington Management Group, LLP | 4,868,209 | 2022-09-29 | 3.02% | $1,223,198,349.00 |
FMR, LLC | 4,548,800 | 2022-09-29 | 2.82% | $1,142,942,846.00 |
JP Morgan Chase & Company | 4,019,958 | 2022-09-29 | 2.49% | $1,010,064,684.00 |
Aristotle Capital Management, LLC | 3,761,546 | 2022-09-29 | 2.33% | $945,135,440.00 |
AllianceBernstein, L.P. | 3,130,203 | 2022-09-29 | 1.94% | $786,502,621.00 |
Morgan Stanley | 2,899,711 | 2022-09-29 | 1.8% | $728,588,626.00 |
Constellation's Top Mutual Fund Holders
Holder | Shares | Date Reported | Percentage | Value |
---|---|---|---|---|
Vanguard Total Stock Market Index Fund | 4,313,011 | 2022-06-29 | 2.68% | $1,081,703,171.00 |
Vanguard 500 Index Fund | 3,602,721 | 2022-06-29 | 2.23% | $903,562,437.00 |
Growth Fund Of America Inc | 2,434,883 | 2022-09-29 | 1.51% | $610,668,663.00 |
SPDR S&P 500 ETF Trust | 1,820,308 | 2022-10-30 | 1.13% | $456,533,251.00 |
Fidelity 500 Index Fund | 1,721,217 | 2022-09-29 | 1.07% | $431,681,228.00 |
American Balanced Fund | 1,529,916 | 2022-09-29 | 0.95% | $383,702,937.00 |
iShares Core S&P 500 ETF | 1,410,885 | 2022-09-29 | 0.88% | $353,849,962.00 |
Select Sector SPDR Fund-Consumer Staples | 1,302,700 | 2022-10-30 | 0.81% | $326,717,163.00 |
Vanguard Index-Value Index Fund | 1,266,207 | 2022-06-29 | 0.79% | $317,564,719.00 |
American Century Ultra | 1,263,000 | 2022-09-29 | 0.08% | $316,760,403.00 |
Another factor that may point to a stock's desirability is the rate of insider ownership. If the company's executives own a lot of the company's stock, it not only indicates a measure of confidence in its future, it also helps ensure that management and shareholder interests will be aligned. Constellation's insiders own 14.55 % of its outstanding shares, which is a significant amount for a large cap company.
In conclusion, we believe there is mostly positive market sentiment regarding Constellation Brands.