Constellation Brands (NYSE:STZ) Receiving Somewhat Positive Media Coverage, Report Shows

News headlines about Constellation Brands (NYSE:STZ) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Constellation Brands earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 46.7402352139893 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the news articles that may have impacted Accern’s scoring:

Constellation Brands stock opened at $226.07 on Thursday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.54 and a current ratio of 1.40. The stock has a market cap of $44,317.95, a PE ratio of 27.46, a price-to-earnings-growth ratio of 1.27 and a beta of 0.14. Constellation Brands has a one year low of $160.53 and a one year high of $231.83.

Constellation Brands (NYSE:STZ) last posted its earnings results on Friday, January 5th. The company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.13. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.87 billion. Constellation Brands had a net margin of 22.55% and a return on equity of 22.04%. During the same period in the previous year, the business posted $1.96 EPS. equities research analysts predict that Constellation Brands will post 8.54 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend was Thursday, February 8th. Constellation Brands’s dividend payout ratio is currently 22.66%.

Constellation Brands announced that its Board of Directors has authorized a share repurchase program on Friday, January 5th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Several research firms have recently weighed in on STZ. Evercore ISI boosted their target price on shares of Constellation Brands from $235.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, January 5th. Vetr raised shares of Constellation Brands from a “buy” rating to a “strong-buy” rating and set a $238.15 price target for the company in a report on Monday, February 12th. Zacks Investment Research lowered shares of Constellation Brands from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. SunTrust Banks reaffirmed a “buy” rating and issued a $250.00 price target (up from $230.00) on shares of Constellation Brands in a report on Monday, January 8th. Finally, Societe Generale raised shares of Constellation Brands from a “hold” rating to a “buy” rating in a report on Tuesday. One equities research 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 company’s stock. Constellation Brands presently has a consensus rating of “Buy” and a consensus target price of $237.77.

In other news, Director Barry A. Fromberg sold 2,005 shares of the company’s stock in a transaction that occurred on 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 approximately $4,582,531.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 15.59% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Constellation Brands (NYSE:STZ)

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