Investors purchased shares of Constellation Brands Inc. (NYSE:STZ) on weakness during trading on Friday. $48.44 million flowed into the stock on the tick-up and $34.79 million flowed out of the stock on the tick-down, for a money net flow of $13.65 million into the stock. Of all companies tracked, Constellation Brands had the 4th highest net in-flow for the day. Constellation Brands traded down ($0.02) for the day and closed at $165.99

Several research firms have issued reports on STZ. Wells Fargo & Co. restated an “outperform” rating and set a $185.00 price target on shares of Constellation Brands in a research report on Wednesday. Zacks Investment Research upgraded shares of Constellation Brands from a “sell” rating to a “hold” rating and set a $183.00 price target for the company in a research report on Friday, July 1st. Vetr upgraded shares of Constellation Brands from a “buy” rating to a “strong-buy” rating and set a $181.72 price target for the company in a research report on Monday, May 16th. Societe Generale upped their price target on shares of Constellation Brands from $165.00 to $180.00 and gave the company a “hold” rating in a research report on Thursday, April 7th. Finally, Stifel Nicolaus restated a “buy” rating and set a $189.00 price target (up from $174.00) on shares of Constellation Brands in a research report on Thursday, April 7th. Six equities research 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’s stock. Constellation Brands currently has an average rating of “Buy” and a consensus target price of $174.10.

The firm’s 50-day moving average price is $156.82 and its 200 day moving average price is $150.82.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Thursday, June 30th. The company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.02. During the same period in the prior year, the firm earned $1.26 earnings per share. The business earned $1.87 billion during the quarter. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. Equities research analysts expect that Constellation Brands Inc. will post $6.31 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 24th. Shareholders of record on Wednesday, August 10th will be paid a $0.40 dividend. The ex-dividend date is Monday, August 8th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.96%.

In related news, CFO David Eric Klein sold 14,300 shares of Constellation Brands stock in a transaction dated Tuesday, July 5th. The shares were sold at an average price of $166.27, for a total transaction of $2,377,661.00. Following the completion of the transaction, the chief financial officer now directly owns 36,152 shares of the company’s stock, valued at approximately $6,010,993.04. The transaction was disclosed in a filing 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 dated Wednesday, July 6th. The stock was sold at an average price of $165.73, for a total transaction of $4,971,900.00. Following the transaction, the vice president now directly owns 101,702 shares of the company’s stock, valued at $16,855,072.46. The disclosure for this sale can be found here.

Other institutional investors have recently added to or reduced their stakes in the company. OppenheimerFunds Inc. boosted its position in 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. Zweig DiMenna Associates LLC boosted its position in Constellation Brands by 81.2% in the fourth quarter. Zweig DiMenna Associates LLC now owns 372,445 shares of the company’s stock worth $53,051,000 after buying an additional 166,954 shares in the last quarter. Bank of Montreal Can boosted its position in Constellation Brands by 7.5% in the fourth quarter. Bank of Montreal Can now owns 305,324 shares of the company’s stock worth $43,492,000 after buying an additional 21,431 shares in the last quarter. Principal Financial Group Inc. boosted its position in Constellation Brands by 4.4% in the fourth quarter. Principal Financial Group Inc. now owns 269,551 shares of the company’s stock worth $38,395,000 after buying an additional 11,357 shares in the last quarter. Finally, Mizuho Trust & Banking Co. Ltd. boosted its position in Constellation Brands by 0.3% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 262,763 shares of the company’s stock worth $37,883,000 after buying an additional 861 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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