News stories about Constellation Brands (NYSE:STZ) have been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by reviewing more than 20 million blog and news 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 0.13 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.0994079792213 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Thomas J. Mullin Sells 50,000 Shares of Constellation Brands Inc (STZ) Stock (americanbankingnews.com)
- Earnings Review and Free Research Report: Constellation Brands’ Adjusted EPS Surged 39.5% (finance.yahoo.com)
- Beer Drives Constellation Brands' Profits. But It's Mexican Beer, Not Craft Beer (finance.yahoo.com)
A number of brokerages have recently weighed in on STZ. Morgan Stanley boosted their price target on Constellation Brands from $218.00 to $245.00 and gave the company an “overweight” rating in a report on Friday, October 6th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $198.00 price target (down from $200.00) on shares of Constellation Brands in a report on Friday, June 23rd. BidaskClub upgraded Constellation Brands from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Evercore ISI reiterated an “outperform” rating and issued a $235.00 price target (up from $230.00) on shares of Constellation Brands in a report on Friday, October 6th. Finally, Wells Fargo & Company reiterated an “outperform” rating and issued a $215.00 price target (up from $205.00) on shares of Constellation Brands in a report on Monday, July 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $216.00.
Constellation Brands (NYSE STZ) opened at 213.64 on Wednesday. The company’s 50-day moving average price is $202.77 and its 200-day moving average price is $188.88. Constellation Brands has a 52-week low of $144.00 and a 52-week high of $213.90. The firm has a market cap of $41.79 billion, a price-to-earnings ratio of 24.54 and a beta of 0.04.
Constellation Brands (NYSE:STZ) last issued its earnings results on Thursday, October 5th. The company reported $2.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.17 by $0.30. Constellation Brands had a return on equity of 22.81% and a net margin of 21.47%. The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the prior year, the firm posted $1.77 EPS. Constellation Brands’s quarterly revenue was up 3.1% compared to the same quarter last year. Analysts predict that Constellation Brands will post $8.42 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 21st. Investors of record on Tuesday, November 7th will be issued a dividend of $0.52 per share. The ex-dividend date is Monday, November 6th. This represents a $2.08 dividend on an annualized basis and a yield of 0.97%. Constellation Brands’s dividend payout ratio is 23.85%.
In related news, EVP William F. Hackett sold 12,517 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $197.00, for a total transaction of $2,465,849.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Thomas J. Mullin sold 54,834 shares of the firm’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $194.50, for a total value of $10,665,213.00. Following the sale, the vice president now directly owns 86,005 shares of the company’s stock, valued at $16,727,972.50. The disclosure for this sale can be found here. Insiders have sold a total of 122,786 shares of company stock valued at $24,740,206 over the last ninety days. Insiders own 15.59% of the company’s stock.
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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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