Shares of Constellation Brands Inc. (NYSE:STZ) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $168.68 and last traded at $166.11, with a volume of 432,998 shares changing hands. The stock had previously closed at $166.69.

STZ has been the topic of several recent research reports. Goldman Sachs Group Inc. reissued a “buy” rating on shares of Constellation Brands in a research note on Friday, July 15th. Wells Fargo & Co. reissued a “buy” rating on shares of Constellation Brands in a research note on Thursday, June 30th. SunTrust Banks Inc. reissued a “buy” rating and issued a $180.00 price target on shares of Constellation Brands in a research note on Friday, June 3rd. Zacks Investment Research raised Constellation Brands from a “sell” rating to a “hold” rating and set a $183.00 price target on the stock in a research note on Friday, July 1st. Finally, Susquehanna reissued a “hold” rating and issued a $155.00 price target on shares of Constellation Brands in a research note on Tuesday, June 28th. Six research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $174.10.

The stock has a 50 day moving average price of $164.71 and a 200 day moving average price of $155.48.

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

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 24th. Stockholders of record on Wednesday, August 10th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date was Monday, August 8th.

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

A number of large investors have bought and sold shares of the company. KBC Group NV raised its stake in Constellation Brands by 12.2% in the fourth quarter. KBC Group NV now owns 20,412 shares of the company’s stock valued at $2,907,000 after buying an additional 2,218 shares during the last quarter. State of Tennessee Treasury Department raised its stake in Constellation Brands by 12.4% in the fourth quarter. State of Tennessee Treasury Department now owns 195,405 shares of the company’s stock valued at $27,834,000 after buying an additional 21,614 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in Constellation Brands by 4,946.3% in the fourth quarter. BNP Paribas Arbitrage SA now owns 75,695 shares of the company’s stock valued at $10,782,000 after buying an additional 74,195 shares during the last quarter. I.G. Investment Management LTD. acquired a new stake in Constellation Brands during the fourth quarter valued at approximately $1,924,000. Finally, Trexquant Investment LP raised its stake in Constellation Brands by 9.2% in the fourth quarter. Trexquant Investment LP now owns 10,700 shares of the company’s stock valued at $1,524,000 after buying an additional 900 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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