Connor Clark & Lunn Investment Management Ltd. has substantially increased its position in Constellation Brands Inc., purchasing an additional 279,758 shares to hold a total of 285,289 shares, valued at approximately $46.4 million. This represents a 5,058% increase in the firm's stake in the beverage company. Other institutional investors have also shown increased interest in Constellation Brands. Notably, Wellington Management Group LLP boosted its stake by 127.9% in the first quarter, and Nuveen LLC acquired a new position worth over $63 million in the same period. Nordea Investment Management AB also increased its holdings by 47.6% in the second quarter. Currently, institutional investors own about 77.34% of the company's stock. This increased institutional investment comes as analysts' consensus for Constellation Brands is a "Hold" rating, with a consensus price target of $186.44. The stock has been trading near its 12-month low.