Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Constellation Brands (STZ) Share Price
Media stories about Constellation Brands (NYSE:STZ) have trended somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Constellation Brands earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave media headlines about the company an impact score of 47.3820058310182 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Constellation Brands, Inc. (STZ) Holdings Boosted by KAMES CAPITAL plc (tingoos.com)
- Constellation Brands Inc (STZ) Stake Raised by Huntington National Bank (nismagazine.com)
- Constellation Brands, Inc. :STZ-US: Earnings Analysis: Q3, 2018 By the Numbers : January 19, 2018 (finance.yahoo.com)
- Your Today’s Wake-Up Call: Constellation Brands, Inc. (STZ), Nucor Corporation (NUE) – Market Movers (financialqz.com)
- Interesting STZ Put And Call Options For June 15th (nasdaq.com)
Several research analysts have issued reports on the company. Barclays assumed coverage on Constellation Brands in a report on Wednesday, January 10th. They issued an “overweight” rating and a $255.00 price target on the stock. Credit Suisse Group upped their price target on Constellation Brands from $211.00 to $226.00 and gave the company a “neutral” rating in a report on Tuesday, January 9th. SunTrust Banks reaffirmed a “buy” rating and issued a $250.00 price target (up previously from $230.00) on shares of Constellation Brands in a report on Monday, January 8th. Susquehanna Bancshares set a $207.00 price target on Constellation Brands and gave the company a “hold” rating in a report on Sunday, January 7th. Finally, Evercore ISI upped their price target on Constellation Brands from $235.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $229.00.
Constellation Brands (NYSE:STZ) last announced its earnings results on Friday, January 5th. The company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.13. Constellation Brands had a net margin of 22.55% and a return on equity of 22.04%. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the previous year, the business earned $1.96 EPS. analysts expect that Constellation Brands will post 8.53 EPS for the current year.
Constellation Brands announced that its Board of Directors has initiated a stock repurchase plan on Friday, January 5th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Friday, February 9th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Thursday, February 8th. Constellation Brands’s dividend payout ratio (DPR) is currently 25.27%.
In other Constellation Brands news, VP Thomas J. Mullin sold 18,227 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $217.01, for a total transaction of $3,955,441.27. Following the sale, the vice president now directly owns 72,924 shares of the company’s stock, valued at approximately $15,825,237.24. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 15.59% of the stock is owned by insiders.
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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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