Media coverage about Constellation Brands (NYSE:STZ) has been trending somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Constellation Brands earned a news impact score of 0.22 on Accern’s scale. Accern also assigned media stories about the company an impact score of 47.1397528107052 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- Recent Analysis Shows Vulcan Materials, Nielsen Holdings Plc, Constellation Brands, E*TRADE Financial, American Outdoor Brands, and Terex Market Influences — Renewed Outlook, Key Drivers of Growth (finance.yahoo.com)
- Zacks: Brokerages Anticipate Constellation Brands, Inc. (STZ) to Post $1.74 EPS (americanbankingnews.com)
- Constellation Brands, Inc. (STZ) Shares Bought by University of Notre Dame DU Lac (americanbankingnews.com)
- Partners Capital Investment Group LLP Buys New Position in Constellation Brands, Inc. (STZ) (americanbankingnews.com)
- Owens-Illinois Rides on Successful JV, Rising Expenses a Woe (finance.yahoo.com)
Constellation Brands (STZ) traded up $2.64 during midday trading on Friday, reaching $230.34. 1,686,394 shares of the company’s stock traded hands, compared to its average volume of 1,670,000. The company has a quick ratio of 0.54, a current ratio of 1.40 and a debt-to-equity ratio of 1.01. Constellation Brands has a one year low of $156.16 and a one year high of $230.35. The firm has a market capitalization of $44,630.00, a P/E ratio of 27.99, a PEG ratio of 1.24 and a beta of 0.14.
The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were issued a $0.52 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.90%. Constellation Brands’s payout ratio is 25.27%.
Constellation Brands announced that its Board of Directors has approved a share repurchase plan on Friday, January 5th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.
STZ has been the subject of several research reports. SunTrust Banks restated a “buy” rating and issued a $250.00 price target (up previously from $230.00) on shares of Constellation Brands in a research note on Monday, January 8th. Zacks Investment Research upgraded shares of Constellation Brands from a “hold” rating to a “buy” rating and set a $249.00 price target for the company in a research note on Monday, December 18th. Deutsche Bank initiated coverage on shares of Constellation Brands in a research note on Wednesday, December 13th. They issued a “buy” rating and a $244.00 price target for the company. Royal Bank of Canada restated a “buy” rating and issued a $226.00 price target on shares of Constellation Brands in a research note on Sunday, November 12th. Finally, Susquehanna Bancshares set a $207.00 price target on shares of Constellation Brands and gave the stock a “hold” rating in a research note on Monday, January 1st. Six investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. Constellation Brands currently has an average rating of “Buy” and a consensus price target of $237.77.
In other news, Director Barry A. Fromberg sold 2,005 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $220.42, for a total value of $441,942.10. Following the completion of the sale, the director now directly owns 20,790 shares of the company’s stock, valued at $4,582,531.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 15.59% of the stock is currently owned by corporate insiders.
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Constellation Brands Company Profile
Constellation Brands, Inc is an international beverage alcohol company. The Company is a producer and marketer of beer, wine and spirits with operations in the United States, Canada, Mexico, New Zealand and Italy. 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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