Constellation Brands Inc. (NYSE:STZ) shares gapped down before the market opened on Monday . The stock had previously closed at $164.25, but opened at $164.80. Constellation Brands shares last traded at $167.00, with a volume of 546,600 shares traded.

Several brokerages have recently commented on STZ. Credit Agricole SA reaffirmed an “outperform” rating on shares of Constellation Brands in a report on Monday, August 22nd. Susquehanna reaffirmed a “hold” rating on shares of Constellation Brands in a report on Monday, August 8th. Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Constellation Brands in a report on Friday, July 15th. Wells Fargo & Co. reaffirmed an “outperform” rating and set a $185.00 target price on shares of Constellation Brands in a report on Wednesday, July 6th. Finally, Zacks Investment Research upgraded shares of Constellation Brands from a “sell” rating to a “hold” rating and set a $183.00 price target on the stock in a research report on Friday, July 1st. Six investment 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 company. The stock currently has an average rating of “Buy” and an average target price of $174.10.

The stock has a market capitalization of $33.48 billion and a price-to-earnings ratio of 30.09. The firm has a 50-day moving average price of $164.94 and a 200 day moving average price of $156.37.

Constellation Brands (NYSE:STZ) last posted its earnings results on Thursday, June 30th. The company reported $1.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.52 by $0.02. During the same quarter in the previous year, the business earned $1.26 earnings per share. The firm had revenue of $1.87 billion for the quarter. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. On average, analysts expect that Constellation Brands Inc. will post $6.31 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 24th. Investors of record on Wednesday, August 10th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date was Monday, August 8th.

In related news, VP Thomas J. Mullin sold 9,516 shares of the company’s stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $166.42, for a total transaction of $1,583,652.72. Following the sale, the vice president now owns 88,602 shares of the company’s stock, valued at approximately $14,745,144.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Thomas J. Mullin sold 30,000 shares of the company’s stock in a transaction that occurred on 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 sale, the vice president now directly owns 101,702 shares in the company, valued at approximately $16,855,072.46. The disclosure for this sale can be found here.

A hedge fund recently bought a new stake in Constellation Brands stock. I.G. Investment Management LTD. bought a new position in Constellation Brands Inc. (NYSE:STZ) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,510 shares of the company’s stock, valued at approximately $1,924,000.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.