Media stories about Constellation Brands (NYSE:STZ) have trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Constellation Brands earned a news sentiment score of 0.23 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.6202549936513 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern’s analysis:
- Constellation Brands (STZ) Lowered to Sell at Zacks Investment Research (americanbankingnews.com)
- Kim Crawford Wines Introduces Kim Crawford Signature Reserve Sauvignon Blanc (finance.yahoo.com)
- Why this stock is less risky?: Constellation Brands, Inc. (STZ) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- 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 (NYSE:STZ) opened at $227.94 on Wednesday. The company has a current ratio of 1.40, a quick ratio of 0.54 and a debt-to-equity ratio of 1.01. Constellation Brands has a twelve month low of $157.51 and a twelve month high of $231.83. The stock has a market capitalization of $44,812.51, a PE ratio of 24.83, a price-to-earnings-growth ratio of 1.24 and a beta of 0.14.
The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were given a dividend of $0.52 per share. The ex-dividend date was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.91%. Constellation Brands’s payout ratio is 22.66%.
Constellation Brands announced that its board has initiated a share buyback plan on Friday, January 5th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.
A number of brokerages have commented on STZ. Zacks Investment Research cut Constellation Brands from a “buy” rating to a “hold” rating in a research report on Monday, December 11th. Vetr raised Constellation Brands from a “buy” rating to a “strong-buy” rating and set a $238.15 price objective for the company in a report on Monday, February 12th. SunTrust Banks reissued a “buy” rating and issued a $250.00 price objective (up previously from $230.00) on shares of Constellation Brands in a report on Monday, January 8th. BMO Capital Markets began coverage on Constellation Brands in a report on Monday, February 5th. They issued an “outperform” rating and a $275.00 price target for the company. Finally, Evercore ISI upped their price target on Constellation Brands from $235.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, January 5th. One analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $237.77.
In related news, Director Barry A. Fromberg sold 2,005 shares of Constellation Brands stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $220.42, for a total transaction of $441,942.10. Following the completion of the transaction, the director now directly owns 20,790 shares in the company, valued at approximately $4,582,531.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 15.59% of the stock is currently owned by company insiders.
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About Constellation Brands
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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