Shares of Constellation Brands Inc (NYSE:STZ) have been given an average recommendation of “Buy” by the twenty-one research firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $216.00.

Several equities analysts recently issued reports on STZ shares. Stifel Nicolaus boosted their price target on shares of Constellation Brands from $201.00 to $216.00 and gave the company a “buy” rating in a research report on Friday, June 30th. Goldman Sachs Group, Inc. (The) reiterated a “conviction-buy” rating and set a $212.00 price target (up previously from $198.00) on shares of Constellation Brands in a research report on Friday, June 30th. J P Morgan Chase & Co reiterated an “overweight” rating and set a $220.00 price target (up previously from $188.00) on shares of Constellation Brands in a research report on Friday, June 30th. Royal Bank Of Canada reiterated an “outperform” rating and set a $220.00 price target (up previously from $205.00) on shares of Constellation Brands in a research report on Friday, June 30th. Finally, UBS AG boosted their price target on shares of Constellation Brands from $162.00 to $176.00 and gave the company a “neutral” rating in a research report on Friday, June 30th.

Shares of Constellation Brands (NYSE:STZ) traded down 0.045% during mid-day trading on Wednesday, reaching $212.555. The company’s stock had a trading volume of 594,431 shares. The firm has a market cap of $41.58 billion, a price-to-earnings ratio of 24.418 and a beta of 0.04. Constellation Brands has a 12 month low of $144.00 and a 12 month high of $214.53. The company’s 50-day moving average is $205.04 and its 200 day moving average is $191.29.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Thursday, October 5th. The company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.30. Constellation Brands had a net margin of 21.47% and a return on equity of 22.81%. The company had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter in the previous year, the company earned $1.77 earnings per share. Constellation Brands’s quarterly revenue was up 3.1% on a year-over-year basis. On average, equities analysts anticipate that Constellation Brands will post $8.37 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 21st. Stockholders of record on Tuesday, November 7th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend is Monday, November 6th. Constellation Brands’s payout ratio is 23.85%.

In other news, VP Thomas J. Mullin sold 50,000 shares of the stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $209.45, for a total transaction of $10,472,500.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP William F. Hackett sold 12,517 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $197.00, for a total transaction of $2,465,849.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 122,786 shares of company stock worth $24,740,206. Corporate insiders own 15.59% of the company’s stock.

Large investors have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. grew its holdings in shares of Constellation Brands by 50.3% during the second quarter. Oppenheimer Asset Management Inc. now owns 577 shares of the company’s stock valued at $112,000 after buying an additional 193 shares during the last quarter. Harbour Capital Advisors LLC purchased a new stake in shares of Constellation Brands during the first quarter valued at approximately $117,000. North Star Investment Management Corp. grew its holdings in shares of Constellation Brands by 11.6% during the second quarter. North Star Investment Management Corp. now owns 748 shares of the company’s stock valued at $145,000 after buying an additional 78 shares during the last quarter. Hanson McClain Inc. grew its holdings in shares of Constellation Brands by 0.4% during the second quarter. Hanson McClain Inc. now owns 772 shares of the company’s stock valued at $149,000 after buying an additional 3 shares during the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. grew its holdings in shares of Constellation Brands by 609.1% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 780 shares of the company’s stock valued at $151,000 after buying an additional 670 shares during the last quarter. Hedge funds and other institutional investors own 74.94% of the company’s stock.

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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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