Press coverage about Constellation Brands (NYSE:STZ) has been trending positive on Friday, according to Alpha One Sentiment. The research group, a subsidiary of Accern, identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Constellation Brands earned a media sentiment score of 0.32 on Alpha One’s scale. Alpha One also gave headlines about the company an impact score of 90 out of 100, meaning that recent news coverage is very likely to have an effect on the stock’s share price in the immediate future.
Here are some of the headlines that may have effected AlphaOne Sentiment’s rankings:
- Constellation Brands, Inc. (STZ) EVP Sells $2,471,644.00 in Stock (americanbankingnews.com)
- Five Strong Buy Stocks to Buy at New Highs (finance.yahoo.com)
- 3 Underfollowed Stocks with Solid Potential (finance.yahoo.com)
- Why Constellation Brands Will Continue to Outperform (finance.yahoo.com)
- Constellation Brands (STZ) Receives Daily Media Impact Score of 0.02 (americanbankingnews.com)
Constellation Brands (NYSE:STZ) traded down 0.50% on Friday, hitting $172.09. The stock had a trading volume of 992,752 shares. Constellation Brands has a 12-month low of $144.00 and a 12-month high of $175.43. The company’s 50 day moving average price is $163.78 and its 200-day moving average price is $158.45. The company has a market cap of $33.64 billion, a price-to-earnings ratio of 22.88 and a beta of 0.52.
Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Thursday, April 6th. The company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.12. Constellation Brands had a return on equity of 19.07% and a net margin of 16.65%. The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same period last year, the firm earned $1.19 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. Equities research analysts anticipate that Constellation Brands will post $6.65 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 24th. Stockholders of record on Wednesday, May 10th will be given a dividend of $0.52 per share. The ex-dividend date is Monday, May 8th. This is a boost from Constellation Brands’s previous quarterly dividend of $0.40. This represents a $2.08 annualized dividend and a dividend yield of 1.21%. Constellation Brands’s dividend payout ratio (DPR) is 24.73%.
A number of brokerages have weighed in on STZ. Royal Bank of Canada reiterated an “outperform” rating and issued a $205.00 price objective (up previously from $183.00) on shares of Constellation Brands in a research note on Friday, April 7th. Credit Suisse Group AG set a $182.00 price objective on Constellation Brands and gave the company a “hold” rating in a research note on Saturday, April 8th. Stifel Nicolaus boosted their price objective on Constellation Brands from $189.00 to $201.00 and gave the company a “buy” rating in a research note on Monday, April 10th. Wells Fargo & Co reiterated an “outperform” rating on shares of Constellation Brands in a research note on Monday, April 10th. Finally, Cowen and Company reiterated an “outperform” rating and issued a $195.00 price objective on shares of Constellation Brands in a research note on Monday, April 10th. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $182.86.
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In related news, VP Thomas J. Mullin sold 39,854 shares of Constellation Brands stock in a transaction on Wednesday, April 12th. The stock was sold at an average price of $169.55, for a total value of $6,757,245.70. Following the transaction, the vice president now directly owns 48,900 shares in the company, valued at approximately $8,290,995. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Barry A. Fromberg sold 700 shares of Constellation Brands stock in a transaction on Wednesday, April 12th. The stock was sold at an average price of $170.03, for a total value of $119,021.00. Following the completion of the transaction, the director now owns 21,520 shares in the company, valued at $3,659,045.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 54,904 shares of company stock worth $9,347,911. 10.63% of the stock is owned by insiders.
About Constellation Brands
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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