Itaú Unibanco Holding S.A. (ITUB) Reaches $10.26 After 8.00% Down Move; Melvin Capital Management LP Has Trimmed Constellation Brands (STZ) Holding By $918.07 Million

June 14, 2018 - By Sarah Hamilton

Itaú Unibanco Holding S.A. (NYSE:ITUB) Logo

The stock of Itaú Unibanco Holding S.A. (NYSE:ITUB) is a huge mover today! The stock decreased 3.48% or $0.37 during the last trading session, reaching $10.26. About 11.98M shares traded or 11.56% up from the average. Itaú Unibanco Holding S.A. (NYSE:ITUB) has risen 21.76% since June 14, 2017 and is uptrending. It has outperformed by 9.19% the S&P500. Some Historical ITUB News: ; 01/05/2018 – ITAU 1Q RECURRING NET R$6.42B, EST. R$6.37B; 02/05/2018 – Itau Hires Credit Suisse’s Candon for Fixed-Income Sales Push; 13/04/2018 – ITAU KEEPS 3% 2018 GROWTH EST. FOR BRAZIL DESPITE WEAK GDP DATA; 10/05/2018 – CREDITORS LEAD EFFORT TO SELL COMMUTER RAIL UNIT AFTER TALKS BETWEEN ODEBRECHT AND MUBADALA DID NOT REACH AGREEMENT; 15/05/2018 – ITAU EXPECTS DIVIDEND PAYOUT RATIO AROUND 60% IN 2018: CFO; 14/05/2018 – ITAU BBA REDUCED ITUB, BRFS, EOCC, BSAC, ABEV IN 1Q: 13F; 12/03/2018 – Moody’s rates B2 (hyb) ltau Unibanco Holding’s proposed non-viability preferred securities; 10/04/2018 – BRAZILIAN BANKS WILL OFFER CHEAPER CREDIT LINES FOR CUSTOMERS USING MORE THAN 15 PCT OF OVERDRAFT LINES FOR 30 STRAIGHT DAYS -INDUSTRY ASSOCIATION; 04/04/2018 – FITCH AFFIRMS ITAU COLOMBIA AT ‘BBB-‘; OUTLOOK REVISED TO STABL; 16/05/2018 – ITAU SAYS BANK CUTTING INTEREST RATES IN SOME PERSONAL LOANSThe move comes after 9 months negative chart setup for the $60.53B company. It was reported on Jun, 14 by Barchart.com. We have $9.44 PT which if reached, will make NYSE:ITUB worth $4.84B less.

Melvin Capital Management Lp decreased Constellation Brands Inc (STZ) stake by 63.3% reported in 2018Q1 SEC filing. Melvin Capital Management Lp sold 4.04M shares as Constellation Brands Inc (STZ)’s stock declined 0.56%. The Melvin Capital Management Lp holds 2.35 million shares with $534.53M value, down from 6.39 million last quarter. Constellation Brands Inc now has $44.23B valuation. The stock increased 0.84% or $1.92 during the last trading session, reaching $231.15. About 557,062 shares traded. Constellation Brands, Inc. (NYSE:STZ) has risen 20.36% since June 14, 2017 and is uptrending. It has outperformed by 7.79% the S&P500. Some Historical STZ News: ; 20/03/2018 – CONSTELLATION BRANDS-INVESTMENT WILL CREATE 450 NEW PERMANENT JOBS AND EMPLOY THOUSANDS OF MEN, WOMEN FROM SONORA DURING CONSTRUCTION PHASE OF PROJECT; 06/04/2018 – CONSTELLATION PHARMACEUTICALS INC DISCLOSES IN FORM D WITH U.S. SEC THAT THE TOTAL OFFERING AMOUNT WAS FOR $100 MLN; 29/03/2018 – CONSTELLATION BRANDS 4Q COMPARABLE EPS $1.90, EST. $1.74; 11/05/2018 – Fitch Downgrades QGOG Constellation’s Ratings to ‘C’; 27/03/2018 – Xtensifi Partners with Constellation Digital Partners to Release Aquarius, Open Digital Banking Platform; 08/03/2018 – Seven Infor Solutions Named on the Constellation ShortList™ Portfolio; 20/03/2018 – CONSTELLATION TO INVEST $900M IN MEXICO PLANT TO BOOST OUTPUT; 27/03/2018 – NVIDIA NVDA.O LAUNCHES DRIVE CONSTELLATION, CLOUD-BASED SELF-DRIVING CAR SIMULATOR; 31/05/2018 – New Research Coverage Highlights Constellation Brands, Yintech Investment, EZCORP, Euronet Worldwide, Fidelity National Financi; 20/04/2018 – Constellation Software Releases Letter to Shareholders

Among 23 analysts covering Constellation Brands (NYSE:STZ), 15 have Buy rating, 0 Sell and 8 Hold. Therefore 65% are positive. Constellation Brands had 84 analyst reports since August 27, 2015 according to SRatingsIntel. The rating was maintained by Morgan Stanley on Friday, October 6 with “Overweight”. Credit Suisse maintained the shares of STZ in report on Thursday, June 29 with “Hold” rating. The company was maintained on Friday, October 2 by Argus Research. The stock of Constellation Brands, Inc. (NYSE:STZ) has “Buy” rating given on Friday, June 30 by RBC Capital Markets. The stock of Constellation Brands, Inc. (NYSE:STZ) has “Overweight” rating given on Tuesday, April 3 by Morgan Stanley. Cowen & Co maintained Constellation Brands, Inc. (NYSE:STZ) on Thursday, October 5 with “Buy” rating. The firm has “Buy” rating by Cowen & Co given on Wednesday, August 2. The stock has “Buy” rating by Stifel Nicolaus on Friday, October 6. The firm has “Buy” rating given on Friday, June 16 by RBC Capital Markets. Deutsche Bank maintained the shares of STZ in report on Friday, March 23 with “Buy” rating.

Analysts await Constellation Brands, Inc. (NYSE:STZ) to report earnings on July, 5. They expect $2.46 earnings per share, up 5.13% or $0.12 from last year’s $2.34 per share. STZ’s profit will be $470.76M for 23.49 P/E if the $2.46 EPS becomes a reality. After $1.90 actual earnings per share reported by Constellation Brands, Inc. for the previous quarter, Wall Street now forecasts 29.47% EPS growth.

More important recent Constellation Brands, Inc. (NYSE:STZ) news were published by: Streetinsider.com which released: “Constellation Brands (STZ) Beer Sales Remain Healthy Says Wells Fargo” on June 12, 2018, also Fool.com published article titled: “3 Reasons Constellation Brands’ Stock Could Rise”, Fool.com published: “This Is the Real Reason to Love Constellation Brands Stock” on June 02, 2018. More interesting news about Constellation Brands, Inc. (NYSE:STZ) was released by: Investorplace.com and their article: “Is Molson Coors Brewing Co Stock Set to Rebound 20%?” with publication date: June 12, 2018.

Investors sentiment decreased to 1.18 in Q1 2018. Its down 0.06, from 1.24 in 2017Q4. It is negative, as 45 investors sold STZ shares while 256 reduced holdings. 99 funds opened positions while 256 raised stakes. 134.88 million shares or 3.87% less from 140.30 million shares in 2017Q4 were reported. Partnervest Advisory Service Ltd Liability holds 0.1% or 923 shares. C M Bidwell & Associate Ltd stated it has 4,815 shares. Scholtz & Company Llc holds 17,450 shares or 2.94% of its portfolio. Nelson Roberts Inv Advisors Lc holds 1.52% of its portfolio in Constellation Brands, Inc. (NYSE:STZ) for 25,730 shares. Brown Advisory Incorporated stated it has 0% of its portfolio in Constellation Brands, Inc. (NYSE:STZ). Raymond James Trust Na holds 0.03% or 2,193 shares. State Of New Jersey Common Pension Fund D invested in 0.17% or 190,000 shares. Point72 Asset Management Lp invested in 1.47M shares or 1.4% of the stock. Douglass Winthrop Advsrs Lc accumulated 2,342 shares or 0.03% of the stock. Wright Service Inc holds 12,088 shares. Redwood Invests Limited Liability Company owns 35,845 shares. Magnetar Fin Limited Liability Corp has 0.01% invested in Constellation Brands, Inc. (NYSE:STZ) for 2,322 shares. Comerica National Bank owns 66,603 shares. Fred Alger Management has invested 0% in Constellation Brands, Inc. (NYSE:STZ). Lombard Odier Asset (Europe) Limited has 1,858 shares for 0.03% of their portfolio.

Melvin Capital Management Lp increased Penney J C Inc (NYSE:JCP) stake by 4.00M shares to 5.00M valued at $15.10M in 2018Q1. It also upped Gamestop Corp New (Put) (NYSE:GME) stake by 171,500 shares and now owns 1.17 million shares. Macys Inc (Put) (NYSE:M) was raised too.

Since January 30, 2018, it had 0 insider buys, and 4 insider sales for $6.69 million activity. LOCKE JAMES A III sold $1.47 million worth of stock. Klein David Eric also sold $4.09 million worth of Constellation Brands, Inc. (NYSE:STZ) shares. 2,005 shares valued at $441,943 were sold by FROMBERG BARRY A on Tuesday, January 30.

Itaú Unibanco Holding S.A. provides a range of financial services and products to individuals and corporate clients in Brazil and internationally. The company has market cap of $60.53 billion. The firm operates in three divisions: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It has a 9.47 P/E ratio. It accepts demand, savings, and time deposits; and offers payroll, mortgage, personal, and vehicle loans, as well as credit cards.

Among 8 analysts covering Itau Unibanco Banco Holding SA (NYSE:ITUB), 4 have Buy rating, 1 Sell and 3 Hold. Therefore 50% are positive. Itau Unibanco Banco Holding SA has $30 highest and $10 lowest target. $19’s average target is 85.19% above currents $10.26 stock price. Itau Unibanco Banco Holding SA had 14 analyst reports since July 29, 2015 according to SRatingsIntel. As per Monday, December 11, the company rating was upgraded by Deutsche Bank. As per Tuesday, October 13, the company rating was downgraded by Credit Suisse. The firm earned “Overweight” rating on Wednesday, April 27 by Barclays Capital. The stock has “Sell” rating by Citigroup on Friday, April 8. On Tuesday, March 29 the stock rating was downgraded by Goldman Sachs to “Sell”. Deutsche Bank downgraded the stock to “Hold” rating in Tuesday, March 22 report. On Tuesday, March 15 the stock rating was initiated by Scotia Capital with “Underperform”. The stock has “Buy” rating by Credit Suisse on Monday, March 5. On Tuesday, August 16 the stock rating was maintained by JP Morgan with “Overweight”. The firm earned “Neutral” rating on Thursday, October 15 by Citigroup.

Constellation Brands, Inc. (NYSE:STZ) Institutional Positions Chart

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