Constellation Brands Inc. (NYSE:STZ)’s share price dropped 0.3% during trading on Friday . The stock traded as low as $165.51 and last traded at $165.53, with a volume of 463,072 shares trading hands. The stock had previously closed at $166.01.

STZ has been the topic of several recent analyst reports. SunTrust Banks Inc. raised Constellation Brands from a “neutral” rating to a “buy” rating and set a $170.00 price target on the stock in a research note on Monday, March 14th. They noted that the move was a valuation call. Royal Bank Of Canada reissued a “buy” rating on shares of Constellation Brands in a research note on Wednesday, April 13th. Goldman Sachs Group Inc. increased their target price on Constellation Brands from $166.00 to $170.00 in a research note on Wednesday, March 30th. Morgan Stanley reissued an “overweight” rating and set a $173.00 target price on shares of Constellation Brands in a research note on Monday, March 28th. Finally, Societe Generale increased their target price on Constellation Brands from $165.00 to $180.00 and gave the stock a “hold” rating in a research note on Thursday, April 7th. Six analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $174.10.

The firm has a 50 day moving average of $156.53 and a 200 day moving average of $150.64.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Thursday, June 30th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.02. During the same period last year, the firm earned $1.26 earnings per share. The company had revenue of $1.87 billion for the quarter. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. On average, analysts expect that Constellation Brands Inc. will post $6.30 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 24th. Shareholders of record on Wednesday, August 10th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Monday, August 8th.

In other news, CFO David Eric Klein sold 14,300 shares of Constellation Brands stock in a transaction on Tuesday, July 5th. The stock was sold at an average price of $166.27, for a total value of $2,377,661.00. Following the completion of the sale, the chief financial officer now owns 36,152 shares of the company’s stock, valued at $6,010,993.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Thomas J. Mullin sold 30,000 shares of Constellation Brands stock in a transaction on Wednesday, July 6th. The shares were sold at an average price of $165.73, for a total value of $4,971,900.00. Following the completion of the sale, the vice president now directly owns 101,702 shares of the company’s stock, valued at approximately $16,855,072.46. The disclosure for this sale can be found here.

Other large investors have made changes to their positions in the company. Quantitative Investment Management LLC increased its stake in shares of Constellation Brands by 100.6% in the fourth quarter. Quantitative Investment Management LLC now owns 31,900 shares of the company’s stock worth $4,543,000 after buying an additional 16,000 shares in the last quarter. GAM Holding AG increased its stake in shares of Constellation Brands by 3.0% in the fourth quarter. GAM Holding AG now owns 18,973 shares of the company’s stock worth $2,703,000 after buying an additional 547 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of Constellation Brands by 224.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 20,624 shares of the company’s stock worth $2,937,000 after buying an additional 14,277 shares in the last quarter. State of Wisconsin Investment Board increased its stake in shares of Constellation Brands by 27.4% in the fourth quarter. State of Wisconsin Investment Board now owns 113,458 shares of the company’s stock worth $16,161,000 after buying an additional 24,427 shares in the last quarter. Finally, OppenheimerFunds Inc. increased its stake in shares of Constellation Brands by 13.5% in the fourth quarter. OppenheimerFunds Inc. now owns 1,658,942 shares of the company’s stock worth $236,304,000 after buying an additional 197,238 shares in the last quarter.

Constellation Brands, Inc is an international beverage alcohol company. The Company’s operating segments include Beer, Wine and Spirits and Corporate Operations and Other. The Company’s wine portfolio is complemented by select spirits brands and other select beverage alcohol products. It is a multi-category supplier (beer, wine and spirits) of beverage alcohol in the United States.

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