Shares of Constellation Brands, Inc. (NYSE:STZ) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $168.13 and last traded at $167.94, with a volume of 580,931 shares trading hands. The stock had previously closed at $165.39.

A number of analysts have recently issued reports on STZ shares. Susquehanna restated a “hold” rating and set a $155.00 price objective on shares of Constellation Brands in a research report on Tuesday, June 28th. Wells Fargo & Co. started coverage on Constellation Brands in a research report on Tuesday, April 5th. They issued an “outperform” rating on the stock. Vetr upgraded Constellation Brands from a “sell” rating to a “strong-buy” rating and set a $181.72 price target on the stock in a research report on Monday, May 9th. Goldman Sachs Group Inc. upped their price target on Constellation Brands from $166.00 to $170.00 in a research report on Wednesday, March 30th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued 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 assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $174.10.

The company’s 50 day moving average price is $159.31 and its 200-day moving average price is $152.25.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Thursday, June 30th. The company reported $1.54 EPS for the quarter, topping the Zacks’ consensus estimate of $1.52 by $0.02. During the same quarter in the previous year, the business posted $1.26 EPS. The company had revenue of $1.87 billion for the quarter. Constellation Brands’s revenue for the quarter was up 14.8% on a year-over-year basis. On average, analysts predict that Constellation Brands, Inc. will post $6.31 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 24th. Stockholders 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 annualized dividend and a dividend yield of 0.95%.

In other news, Director Ernesto M. Hernandez sold 700 shares of Constellation Brands stock in a transaction on Monday, May 2nd. The stock was sold at an average price of $156.07, for a total value of $109,249.00. Following the transaction, the director now owns 103 shares in the company, valued at approximately $16,075.21. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO David Eric Klein sold 14,300 shares of Constellation Brands stock in a transaction on Tuesday, July 5th. The shares were sold at an average price of $166.27, for a total value of $2,377,661.00. Following the completion of the transaction, the chief financial officer now owns 36,152 shares in the company, valued at approximately $6,010,993.04. The disclosure for this sale can be found here.

Several institutional investors have modified their holdings of the stock. US Bancorp DE raised its position in shares of Constellation Brands by 5.9% in the fourth quarter. US Bancorp DE now owns 41,045 shares of the company’s stock valued at $5,847,000 after buying an additional 2,299 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Constellation Brands by 2.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,313 shares of the company’s stock valued at $1,611,000 after buying an additional 263 shares during the last quarter. Suntrust Banks Inc. raised its position in shares of Constellation Brands by 5.9% in the fourth quarter. Suntrust Banks Inc. now owns 16,298 shares of the company’s stock valued at $2,320,000 after buying an additional 902 shares during the last quarter. Zweig DiMenna Associates LLC raised its position in shares of Constellation Brands by 81.2% in the fourth quarter. Zweig DiMenna Associates LLC now owns 372,445 shares of the company’s stock valued at $53,051,000 after buying an additional 166,954 shares during the last quarter. Finally, FineMark National Bank & Trust raised its position in shares of Constellation Brands by 1.3% in the fourth quarter. FineMark National Bank & Trust now owns 43,988 shares of the company’s stock valued at $6,265,000 after buying an additional 572 shares during the last quarter.

Constellation Brands, Inc is an international beverage alcohol company. The Company is a producer and marketer of beer and wine the United States and Canada. 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.

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