Shares of Constellation Brands Inc (NYSE:STZ) have been assigned an average rating of “Buy” from the twenty research firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $200.53.

STZ has been the topic of several research analyst reports. Vetr downgraded shares of Constellation Brands from a “hold” rating to a “sell” rating and set a $175.98 target price on the stock. in a report on Tuesday, May 16th. Zacks Investment Research raised shares of Constellation Brands from a “hold” rating to a “buy” rating and set a $207.00 price target on the stock in a research note on Thursday, June 22nd. Argus upped their price target on shares of Constellation Brands from $194.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, July 5th. Goldman Sachs Group, Inc. (The) raised shares of Constellation Brands from a “buy” rating to a “conviction-buy” rating and decreased their price target for the company from $200.00 to $168.95 in a research note on Monday, April 17th. Finally, Wells Fargo & Company reaffirmed an “outperform” rating and set a $215.00 price target (up previously from $205.00) on shares of Constellation Brands in a research note on Monday, July 3rd.

In other Constellation Brands news, VP Thomas J. Mullin sold 23,827 shares of the business’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $193.64, for a total transaction of $4,613,860.28. Following the transaction, the vice president now owns 78,524 shares in the company, valued at $15,205,387.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Thomas Michael Kane sold 4,940 shares of the business’s stock in a transaction on Friday, July 7th. The shares were sold at an average price of $193.28, for a total transaction of $954,803.20. Following the transaction, the vice president now owns 8,914 shares in the company, valued at approximately $1,722,897.92. The disclosure for this sale can be found here. Insiders have sold 95,601 shares of company stock worth $18,586,986 in the last quarter. Company insiders own 15.59% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Palisade Capital Management LLC NJ boosted its position in Constellation Brands by 29.5% in the first quarter. Palisade Capital Management LLC NJ now owns 51,695 shares of the company’s stock worth $8,378,000 after buying an additional 11,761 shares during the period. Lodestar Investment Counsel LLC IL boosted its position in Constellation Brands by 4.3% in the first quarter. Lodestar Investment Counsel LLC IL now owns 1,958 shares of the company’s stock worth $317,000 after buying an additional 81 shares during the period. Hillman Co. boosted its position in Constellation Brands by 27.1% in the first quarter. Hillman Co. now owns 183,470 shares of the company’s stock worth $29,735,000 after buying an additional 39,122 shares during the period. Heritage Investors Management Corp boosted its position in Constellation Brands by 2.7% in the first quarter. Heritage Investors Management Corp now owns 101,306 shares of the company’s stock worth $16,419,000 after buying an additional 2,696 shares during the period. Finally, Tompkins Financial Corp boosted its position in Constellation Brands by 29.4% in the first quarter. Tompkins Financial Corp now owns 770 shares of the company’s stock worth $116,000 after buying an additional 175 shares during the period. Institutional investors and hedge funds own 76.14% of the company’s stock.

Constellation Brands (STZ) traded up 0.68% during trading on Friday, hitting $196.02. 685,081 shares of the company traded hands. The stock has a market capitalization of $38.28 billion, a PE ratio of 24.59 and a beta of 0.06. Constellation Brands has a 52 week low of $144.00 and a 52 week high of $199.89. The company’s 50 day moving average is $193.29 and its 200-day moving average is $174.15.

Constellation Brands (NYSE:STZ) last released its earnings results on Thursday, June 29th. The company reported $2.34 EPS for the quarter, topping the consensus estimate of $1.98 by $0.36. Constellation Brands had a net margin of 19.94% and a return on equity of 21.57%. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the previous year, the firm earned $1.54 earnings per share. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. Analysts predict that Constellation Brands will post $8.17 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Monday, August 7th. Constellation Brands’s dividend payout ratio (DPR) is 26.03%.

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Constellation Brands Company Profile

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.

Analyst Recommendations for Constellation Brands (NYSE:STZ)

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