Media headlines about Constellation Brands (NYSE:STZ) have trended somewhat positive this week, Accern Sentiment reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. 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 0.22 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 47.1397528107052 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media headlines that may have effected Accern’s rankings:
- Constellation Brands: One Of The Best DGI Stocks In The Market (seekingalpha.com)
- Constellation Brands (STZ) Upgraded to Buy by ValuEngine (americanbankingnews.com)
- Stifel Nicolaus Lowers Constellation Brands (STZ) to Hold (americanbankingnews.com)
- How Is Constellation Brands Likely To Grow In the Next 2 Years? (trefis.com)
- UPDATE: Constellation Brands (STZ) PT Raised to $260 at SunTrust Robinson Humphrey Following 4Q (streetinsider.com)
A number of research analysts have recently commented on the stock. Zacks Investment Research raised shares of Constellation Brands from a “hold” rating to a “buy” rating and set a $249.00 price objective for the company in a research note on Monday, December 18th. Deutsche Bank assumed coverage on shares of Constellation Brands in a research note on Wednesday, December 13th. They set a “buy” rating and a $244.00 price objective for the company. SunTrust Banks reissued a “buy” rating and set a $250.00 target price (up previously from $230.00) on shares of Constellation Brands in a research report on Monday, January 8th. Societe Generale raised shares of Constellation Brands from a “hold” rating to a “buy” rating in a research report on Tuesday, March 20th. Finally, Pivotal Research increased their price objective on shares of Constellation Brands from $265.00 to $285.00 and gave the company a “buy” rating in a research report on Thursday, March 29th. Seven equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company. Constellation Brands presently has a consensus rating of “Buy” and a consensus price target of $245.77.
Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Thursday, March 29th. The company reported $1.90 EPS for the quarter, topping the Zacks’ consensus estimate of $1.74 by $0.16. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.76 billion. Constellation Brands had a return on equity of 22.28% and a net margin of 27.85%. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period last year, the company posted $1.48 EPS. research analysts expect that Constellation Brands will post 9.55 EPS for the current fiscal year.
Constellation Brands announced that its board has authorized a share repurchase program on Friday, January 5th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 24th. Shareholders of record on Thursday, May 10th will be paid a $0.74 dividend. The ex-dividend date is Wednesday, May 9th. This represents a $2.96 dividend on an annualized basis and a yield of 1.31%. This is a positive change from Constellation Brands’s previous quarterly dividend of $0.52. Constellation Brands’s payout ratio is currently 10.67%.
In other news, Director Barry A. Fromberg sold 2,005 shares of the business’s stock in a transaction 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 sale, 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 SEC, which is available at this hyperlink. Insiders own 15.59% of the company’s stock.
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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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