Olstein Capital Management L.P. initiated a new stake in Constellation Brands during the third quarter. The firm acquired 28,500 shares of the beverage company.
This new position holds an approximate value of $3.84 million. The disclosure was made via a recent 13F filing.
Other institutional investors are also adjusting their holdings in the company. Hedge funds and institutional investors collectively own a significant portion of Constellation Brands stock. The current consensus rating from several brokerages remains a "Hold."