Press coverage about Constellation Brands (NYSE:STZ) has been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Constellation Brands earned a daily sentiment score of 0.21 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.7402352139893 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- 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 (STZ) traded down $0.55 during trading hours on Wednesday, reaching $227.39. The company had a trading volume of 669,623 shares, compared to its average volume of 2,064,254. Constellation Brands has a 12-month low of $159.28 and a 12-month high of $231.83. The firm has a market capitalization of $44,370.00, a P/E ratio of 27.63, a P/E/G ratio of 1.24 and a beta of 0.14. The company has a quick ratio of 0.54, a current ratio of 1.40 and a debt-to-equity ratio of 1.01.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors 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 yield of 0.91%. Constellation Brands’s dividend payout ratio is currently 11.30%.
Constellation Brands declared that its board has approved a share repurchase program on Friday, January 5th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
Several analysts have issued reports on the company. Evercore ISI boosted their price objective on Constellation Brands from $235.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, January 5th. Vetr upgraded Constellation Brands from a “buy” rating to a “strong-buy” rating and set a $238.15 price objective on the stock in a report on Monday, February 12th. Zacks Investment Research downgraded Constellation Brands from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. SunTrust Banks restated a “buy” rating and set a $250.00 price objective (up previously from $230.00) on shares of Constellation Brands in a report on Monday, January 8th. Finally, Susquehanna Bancshares set a $207.00 price objective on Constellation Brands and gave the stock a “hold” rating in a report on Sunday, January 7th. One equities research 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. Constellation Brands currently has an average rating of “Buy” and a consensus price target of $237.77.
In related news, Director Barry A. Fromberg sold 2,005 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $220.42, for a total value of $441,942.10. Following the transaction, the director now owns 20,790 shares in the company, valued at $4,582,531.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 15.59% of the company’s stock.
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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