Somewhat Positive News Coverage Somewhat Unlikely to Impact Constellation Brands (STZ) Stock Price

Headlines about Constellation Brands (NYSE:STZ) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Constellation Brands earned a news impact score of 0.23 on Accern’s scale. Accern also gave press coverage about the company an impact score of 46.7869967188104 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the news stories that may have effected Accern’s rankings:

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A number of brokerages have weighed in on STZ. OTR Global upgraded Constellation Brands to a “positive” rating in a report on Friday. Deutsche Bank lifted their target price on Constellation Brands from $253.00 to $256.00 and gave the stock a “buy” rating in a report on Friday. Societe Generale upgraded Constellation Brands from a “hold” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research downgraded Constellation Brands from a “hold” rating to a “sell” rating in a report on Tuesday, March 13th. 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 report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $238.34.

Shares of Constellation Brands (STZ) traded down $3.31 during trading on Friday, reaching $220.92. The company had a trading volume of 2,232,731 shares, compared to its average volume of 1,964,909. Constellation Brands has a 1-year low of $160.53 and a 1-year high of $231.83. The company has a market capitalization of $44,018.09, a P/E ratio of 24.07, a P/E/G ratio of 1.27 and a beta of 0.14. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.40 and a quick ratio of 0.54.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Friday, January 5th. The company reported $2.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.87 by $0.13. Constellation Brands had a return on equity of 22.04% and a net margin of 22.55%. The business 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 company posted $1.96 earnings per share. sell-side analysts anticipate that Constellation Brands will post 8.54 EPS for the current fiscal year.

Constellation Brands announced that its Board of Directors has initiated a stock buyback 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 usually a sign that the company’s management believes its stock is undervalued.

The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were issued 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 yield of 0.94%. Constellation Brands’s dividend payout ratio (DPR) is currently 10.13%.

In related news, Director Barry A. Fromberg sold 2,005 shares of the company’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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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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