(NYSE:STZ) for 5,503 shares. Constellation Brands had 42 analyst reports since August 27, 2015 according to SRatingsIntel. Quadrant Capital Group LLC now owns 765 shares of the company's stock worth $115,000 after buying an additional 24 shares during the last quarter. Parallel Advisors LLC bought a new stake in Constellation Brands during the fourth quarter valued at about $267,000. The institutional investor held 224,898 shares of the edp services company at the end of 2016Q4, valued at $10.65 million, up from 213,382 at the end of the previous reported quarter. Spark Management Limited Liability, a New York-based fund reported 164,700 shares. "We're off to a great start for our new fiscal year", CEO Rob Sands said in a press release. Moreover, Fjarde Ap has 0.14% invested in Constellation Brands, Inc. 6,200 shares valued at $421,414 were sold by BISBEE GERALD E JR on Friday, June 9. Constellation Brands Inc has a one year low of $144.00 and a one year high of $197.41. The firm's 50-day moving average is $182.37 and its 200 day moving average is $165.44. Stock has got OUTPERFORM rating from 7 of Thomson Reuters analysts, 6 given HOLD rating to the stock and 0 given UNDERPERFORM rating. See Constellation Brands, Inc. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.12. Westfield Limited Partnership stated it has 0.94% in Constellation Brands, Inc. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.95 billion.
Fred's stock is reeling, down 23% to trade at $9.49, after Walgreens terminated its potential merger with Rite Aid - and, by extension, a related deal to sell up to 1,200 Rite Aid stores to FRED. Constellation Brands expects full-year earnings in the range of $7.90 to $8.10 per share.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 23rd. Its down 1.06, from 2.03 in 2016Q3. Constellation Brands's dividend payout ratio (DPR) is now 27.59%.
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Analysts await City Holding Company (NASDAQ:CHCO) to report earnings on July, 25. Stifel Nicolaus lifted their price objective on Constellation Brands from $201.00 to $216.00 and gave the company a "buy" rating in a research note on Friday. Skylands Capital Limited Co reported 0.24% of its portfolio in Constellation Brands, Inc. (NASDAQ:MU). At the time of writing, the First Call consensus price target for the company is $38.52. Topeka Capital Markets upgraded it to "Buy" rating and $71 target in Tuesday, September 8 report.
Among 19 analysts covering Constellation Brands (NYSE:STZ), 14 have Buy rating, 0 Sell and 5 Hold. Also, there are 2 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.39 average brokerage recommendation.
In other Constellation Brands news, Director James A. Locke III sold 6,340 shares of the firm's stock in a transaction dated Monday, April 24th. The shares were sold at an average price of $170.03, for a total value of $119,021.00. Following the sale, the vice president now directly owns 48,900 shares in the company, valued at approximately $8,290,995. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. With 1.05 million shares average volume, it will take short sellers 4 days to cover their STZ's short positions. The disclosure for this sale can be found here. Gyroscope Cap Mgmt Group Inc Lc has 0.18% invested in Constellation Brands, Inc. The wine, liquor and beer company posted revenue of $2.12 billion in the period.
Leading growth for the company was its beer division, which includes Mexican brands Corona, Modelo Especial and Pacifico.
In fact, the alcoholic beverage giant continues to dominate the beer market with its portfolio of high-end brands.