Somewhat Favorable News Coverage Somewhat Unlikely to Impact Constellation Brands (STZ) Share Price

News headlines about Constellation Brands (NYSE:STZ) have been trending somewhat positive this week, Accern Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Constellation Brands earned a news impact score of 0.25 on Accern’s scale. Accern also gave news stories about the company an impact score of 47.7296400225909 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

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

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Shares of Constellation Brands stock traded up $7.43 on Friday, hitting $227.92. 4,307,495 shares of the company’s stock traded hands, compared to its average volume of 1,403,210. Constellation Brands has a one year low of $160.53 and a one year high of $231.83. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.40 and a quick ratio of 0.54. The firm has a market cap of $44,378.30, a price-to-earnings ratio of 26.14, a PEG ratio of 1.28 and a beta of 0.14.

Constellation Brands (NYSE:STZ) last announced its earnings results on Thursday, March 29th. The company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.74 by $0.16. Constellation Brands had a return on equity of 22.04% and a net margin of 22.55%. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the prior year, the company earned $1.48 EPS. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. sell-side analysts expect that Constellation Brands will post 9.55 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 24th. Investors of record on Thursday, May 10th will be given a dividend of $0.74 per share. This is a positive change from Constellation Brands’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Wednesday, May 9th. This represents a $2.96 annualized dividend and a dividend yield of 1.30%. Constellation Brands’s dividend payout ratio is presently 23.85%.

Constellation Brands announced that its Board of Directors has approved a stock repurchase plan on Friday, January 5th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

STZ has been the subject of a number of recent research reports. Zacks Investment Research cut Constellation Brands from a “buy” rating to a “hold” rating in a report on Monday, December 11th. Deutsche Bank initiated coverage on Constellation Brands in a report on Wednesday, December 13th. They issued a “buy” rating and a $244.00 target price for the company. Susquehanna Bancshares set a $207.00 target price on Constellation Brands and gave the stock a “hold” rating in a report on Monday, January 1st. Macquarie upped their target price on Constellation Brands from $246.00 to $250.00 and gave the stock an “outperform” rating in a report on Wednesday, January 3rd. Finally, Wells Fargo upped their target price on Constellation Brands from $235.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, January 4th. Six investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $240.34.

In related news, Director Barry A. Fromberg sold 2,005 shares of the company’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $220.42, for a total transaction of $441,942.10. Following the sale, the director now owns 20,790 shares in the company, valued at approximately $4,582,531.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 15.59% of the stock is owned by corporate insiders.

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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.

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

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