News headlines about Constellation Brands (NYSE:STZ) have trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than 20 million news and blog 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 media sentiment score of 0.22 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 47.0246885058325 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news articles that may have effected Accern’s scoring:
- Constellation Brands (STZ) to Release Quarterly Earnings on Thursday (americanbankingnews.com)
- 10 Things You Should Know About Canopy Growth Corp. (finance.yahoo.com)
- Last Call for This Constellation Brands Rally? (finance.yahoo.com)
- Constellation Brands (STZ) Upgraded to Buy by Societe Generale (americanbankingnews.com)
- The Apple Store For Weed Partners With Nasdaq's First Pot Stock (finance.yahoo.com)
Constellation Brands stock traded down $0.02 during mid-day trading on Thursday, hitting $226.05. The stock had a trading volume of 425,526 shares, compared to its average volume of 1,948,432. Constellation Brands has a 52 week low of $160.53 and a 52 week high of $231.83. 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 has a market capitalization of $44,317.95, a price-to-earnings ratio of 24.68, a PEG ratio of 1.27 and a beta of 0.14.
The business 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 was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.92%. Constellation Brands’s dividend payout ratio is presently 10.13%.
Constellation Brands declared that its board has authorized a share buyback plan on Friday, January 5th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.
A number of research firms have recently weighed in on STZ. Zacks Investment Research downgraded Constellation Brands from a “hold” rating to a “sell” rating in a research report on Tuesday, March 13th. Societe Generale upgraded Constellation Brands from a “hold” rating to a “buy” rating in a research report on Tuesday. Susquehanna Bancshares set a $207.00 price objective on Constellation Brands and gave the stock a “hold” rating in a research report on Monday, January 1st. Evercore ISI upped their price objective on Constellation Brands from $235.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, January 5th. Finally, Vetr upgraded Constellation Brands from a “buy” rating to a “strong-buy” rating and set a $238.15 price objective for the company in a research report on Monday, February 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $237.77.
In other news, Director Barry A. Fromberg sold 2,005 shares of the firm’s 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 can be accessed through the SEC website. 15.59% of the stock is owned by company insiders.
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About Constellation Brands
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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