News headlines about Constellation Brands (NYSE:STZ) have been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Constellation Brands earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave news coverage about the company an impact score of 47.1397528107052 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news articles that may have effected Accern’s analysis:
- Better Marijuana Stock: Canopy Growth vs. Organigram Holdings (finance.yahoo.com)
- Constellation Brands Will Have a Very Happy Cinco de Mayo: Macquarie (finance.yahoo.com)
- Clue to Identify In Play Stocks (Relative Volume) – Constellation Brands Inc (NYSE: STZ) – Alpha Beta Stock (alphabetastock.com)
- Constellation Brands, Inc. (NYSE: STZ) Has A Major Tailwind in Millennials – Stock Traders Daily (news.stocktradersdaily.com)
- Constellation Brands (STZ) Lowered to Sell at Zacks Investment Research (americanbankingnews.com)
A number of research firms recently issued reports on STZ. Zacks Investment Research downgraded shares of Constellation Brands from a “hold” rating to a “sell” rating in a research report on Tuesday, March 13th. Vetr upgraded shares of Constellation Brands from a “buy” rating to a “strong-buy” rating and set a $238.15 target price for the company in a research report on Monday, February 12th. BMO Capital Markets began coverage on shares of Constellation Brands in a research report on Monday, February 5th. They set an “outperform” rating and a $275.00 target price for the company. Barclays began coverage on shares of Constellation Brands in a research report on Wednesday, January 10th. They set an “overweight” rating and a $255.00 target price for the company. Finally, Credit Suisse Group boosted their target price on shares of Constellation Brands from $211.00 to $226.00 and gave the company a “neutral” rating in a research report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $237.77.
Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Friday, January 5th. The company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.13. Constellation Brands had a net margin of 22.55% and a return on equity of 22.04%. The firm had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the prior year, the firm earned $1.96 EPS. sell-side analysts expect that Constellation Brands will post 8.54 earnings per share for the current year.
Constellation Brands declared that its board has authorized a stock repurchase program on Friday, January 5th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.08 annualized dividend and a dividend yield of 0.91%. Constellation Brands’s dividend payout ratio (DPR) is presently 22.66%.
In related 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 transaction of $441,942.10. Following the completion of the transaction, the director now owns 20,790 shares in the company, valued at approximately $4,582,531.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 15.59% of the stock is owned by corporate insiders.
Constellation Brands Company Profile
Constellation Brands, Inc, together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company sells wine across various categories, including table wine, sparkling wine, and dessert wine. It offers beer primarily under the Corona Extra, Corona Light, Modelo Especial, Modelo Negra, and Pacifico brands; wine under the Black Box, Clos du Bois, Estancia, Franciscan Estate, Inniskillin, Kim Crawford, Mark West, Meiomi, Mount Veeder, Nobilo, Robert Mondavi, Ruffino, Saved, Simi, The Dreaming Tree, The Prisoner, Charles Smith, and Wild Horse brands; and sprits under the SVEDKA vodka, Black Velvet Canadian whisky, Casa Noble tequila, High West craft whisky brands.
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