Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Constellation Brands (STZ) Stock Price
Media coverage about Constellation Brands (NYSE:STZ) has trended somewhat positive recently, Accern reports. The research group rates the sentiment of media coverage by analyzing more than twenty million blog and news sources. 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 sentiment score of 0.21 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.2359240186898 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media stories that may have effected Accern’s scoring:
- US Tobacco Company Takes Stakes in Canadian Cannabis Firms (247wallst.com)
- Maybe There’s a Bull Market In Your Wine Fridge (finance.yahoo.com)
- Cannabis Beer Soon To Be Available — In Canada (finance.yahoo.com)
- The 5 Biggest Marijuana Acquisitions of All Time (finance.yahoo.com)
- Constellation Brands (STZ) Now Covered by Analysts at BMO Capital Markets (americanbankingnews.com)
A number of brokerages have recently weighed in on STZ. Vetr raised Constellation Brands from a “buy” rating to a “strong-buy” rating and set a $238.15 target price on the stock in a research report on Monday. BMO Capital Markets began coverage on Constellation Brands in a research report on Monday, February 5th. They set an “outperform” rating and a $275.00 target price on the stock. Barclays began coverage on Constellation Brands in a research report on Wednesday, January 10th. They set an “overweight” rating and a $255.00 target price on the stock. Credit Suisse Group upped their target price on Constellation Brands from $211.00 to $226.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 9th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $250.00 target price (up from $230.00) on shares of Constellation Brands in a research report on Monday, January 8th. Five investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $237.77.
Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Friday, January 5th. The company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.13. The business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.87 billion. Constellation Brands had a return on equity of 22.04% and a net margin of 22.55%. During the same period in the prior year, the firm posted $1.96 EPS. equities analysts anticipate that Constellation Brands will post 8.53 earnings per share for the current fiscal year.
Constellation Brands announced that its Board of Directors has initiated a stock repurchase plan on Friday, January 5th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, February 9th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Thursday, February 8th. Constellation Brands’s dividend payout ratio is presently 25.27%.
In other news, Director Barry A. Fromberg sold 2,005 shares of the firm’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 directly owns 20,790 shares of the company’s stock, valued at approximately $4,582,531.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 15.59% of the company’s stock.
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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