Here’s Who Just Picked Up Constellation Brands Inc. (NYSE:STZ) Shares

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC),...
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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Constellation Brands Inc. (NYSE:STZ) reported that Soroban Capital Partners has picked up 11,141,406 of common stock as of 2017-02-27.

The acquisition brings the aggregate amount owned by Soroban Capital Partners to a total of 11,141,406 representing a 6.5% stake in the company.

For those not familiar with the company, Constellation Brands, Inc. is an international beverage alcohol company. The Company is a producer and marketer of beer, wine and spirits with operations in the United States, Canada, Mexico, New Zealand and Italy. Its segments include Beer, Wine and Spirits, and Corporate Operations and Other. It is a multi-category supplier (beer, wine and spirits) of beverage alcohol in the United States. It sells a number of brands in the import and craft beer categories, including Corona Extra, Corona Light, Modelo Especial, Ballast Point and others. It is a producer and marketer of wine, and sells a number of wine brands across various categories, including table wine, sparkling wine and dessert wine, and across all price points, such as popular, premium and luxury categories. Some of its wine and spirits brands sold in the United States, which comprise its U.S. Focus Brands (Focus Brands) include Meiomi, Robert Mondavi, Wild Horse and others.

A glance at Constellation Brands Inc. (NYSE:STZ)’s key stats reveals a current market capitalization of 32.07 billion based on 172.70 million shares outstanding and a price at last close of $157.80 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2017-01-13, Hetterich picked up 376 at a purchase price of $148.63. This brings their total holding to 599 as of the date of the filing.

On the sell side, the most recent transaction saw Mullin unload 9,516 shares at a sale price of $166.42. This brings their total holding to 88,602.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Constellation Brands Inc. (NYSE:STZ) as things move forward to see if its progress aligns with these transactions.

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