Traders bought shares of Constellation Brands Inc. (NYSE:STZ) on weakness during trading on Tuesday. $70.87 million flowed into the stock on the tick-up and $47.40 million flowed out of the stock on the tick-down, for a money net flow of $23.47 million into the stock. Of all equities tracked, Constellation Brands had the 12th highest net in-flow for the day. Constellation Brands traded down ($0.48) for the day and closed at $163.73

Several equities research analysts have commented on the company. Royal Bank Of Canada reiterated a “buy” rating on shares of Constellation Brands in a research note on Wednesday, April 13th. Goldman Sachs Group Inc. boosted their price objective on Constellation Brands from $166.00 to $170.00 in a research note on Wednesday, March 30th. Morgan Stanley reiterated an “overweight” rating and set a $173.00 price objective on shares of Constellation Brands in a research note on Monday, March 28th. Societe Generale boosted their price objective on Constellation Brands from $165.00 to $180.00 and gave the stock a “hold” rating in a research note on Thursday, April 7th. Finally, Barclays PLC boosted their price objective on Constellation Brands from $160.00 to $170.00 and gave the stock an “overweight” rating in a research note on Thursday, April 7th. Six analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $174.10.

The company has a 50-day moving average price of $157.39 and a 200-day moving average price of $151.19.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings results on Thursday, June 30th. The company reported $1.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.52 by $0.02. The company had revenue of $1.87 billion for the quarter. During the same period last year, the firm posted $1.26 EPS. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. Equities analysts forecast that Constellation Brands Inc. will post $6.31 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 24th. Stockholders of record on Wednesday, August 10th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, August 8th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.98%.

In related news, VP Thomas J. Mullin sold 16,900 shares of Constellation Brands stock in a transaction that occurred on Wednesday, May 4th. The stock was sold at an average price of $159.22, for a total transaction of $2,690,818.00. Following the completion of the transaction, the vice president now directly owns 105,502 shares in the company, valued at approximately $16,798,028.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Thomas J. Mullin sold 30,000 shares of Constellation Brands stock in a transaction that occurred on Wednesday, July 6th. The stock was sold at an average price of $165.73, for a total value of $4,971,900.00. Following the transaction, the vice president now owns 101,702 shares of the company’s stock, valued at $16,855,072.46. The disclosure for this sale can be found here.

Several hedge funds and institutional investors recently modified their holdings of STZ. Private Advisor Group LLC increased its position in shares of Constellation Brands by 39.5% in the fourth quarter. Private Advisor Group LLC now owns 7,299 shares of the company’s stock valued at $1,040,000 after buying an additional 2,066 shares in the last quarter. Chicago Equity Partners LLC increased its position in shares of Constellation Brands by 39.7% in the fourth quarter. Chicago Equity Partners LLC now owns 7,915 shares of the company’s stock valued at $1,127,000 after buying an additional 2,250 shares in the last quarter. WBI Investments Inc. bought a new position in shares of Constellation Brands during the fourth quarter valued at about $1,202,000. LS Investment Advisors LLC increased its position in shares of Constellation Brands by 138.4% in the fourth quarter. LS Investment Advisors LLC now owns 10,085 shares of the company’s stock valued at $1,437,000 after buying an additional 5,854 shares in the last quarter. Finally, Bragg Financial Advisors Inc increased its position in shares of Constellation Brands by 6.3% in the fourth quarter. Bragg Financial Advisors Inc now owns 10,630 shares of the company’s stock valued at $1,514,000 after buying an additional 630 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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