Constellation Brands (STZ) Receiving Somewhat Positive Press Coverage, Study Shows

News coverage about Constellation Brands (NYSE:STZ) has trended somewhat positive recently, according to Accern. The research group identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Constellation Brands earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.9516556954989 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

These are some of the media stories that may have impacted Accern Sentiment’s analysis:

Several equities research analysts recently commented on STZ shares. Pivotal Research upped their price target on shares of Constellation Brands from $265.00 to $285.00 and gave the company a “buy” rating in a research report on Thursday, March 29th. Stifel Nicolaus downgraded shares of Constellation Brands from a “buy” rating to a “hold” rating and reduced their price target for the company from $245.00 to $228.00 in a research report on Monday, April 2nd. They noted that the move was a valuation call. Wells Fargo upped their price target on shares of Constellation Brands from $235.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, January 4th. Vetr upgraded shares of Constellation Brands from a “buy” rating to a “strong-buy” rating and set a $238.15 price target for the company in a research report on Monday, February 12th. Finally, Morgan Stanley upped their price target on shares of Constellation Brands from $250.00 to $262.00 and gave the company an “overweight” rating in a research report on Tuesday, April 3rd. Seven research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $245.77.

Shares of STZ traded down $2.03 during mid-day trading on Tuesday, hitting $226.23. 1,024,919 shares of the company’s stock were exchanged, compared to its average volume of 1,880,945. Constellation Brands has a twelve month low of $169.70 and a twelve month high of $233.18. The firm has a market cap of $44,312.11, a price-to-earnings ratio of 25.94, a price-to-earnings-growth ratio of 1.28 and a beta of 0.09. The company has a quick ratio of 0.71, a current ratio of 1.79 and a debt-to-equity ratio of 1.17.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Thursday, March 29th. The company reported $1.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $0.16. Constellation Brands had a net margin of 27.85% and a return on equity of 22.28%. 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 business posted $1.48 EPS. Constellation Brands’s quarterly revenue was up 8.5% on a year-over-year basis. research analysts predict that Constellation Brands will post 9.68 earnings per share for the current fiscal year.

Constellation Brands declared that its Board of Directors has approved a stock buyback program 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 programs are generally an indication that the company’s leadership believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 24th. Stockholders of record on Thursday, May 10th will be paid 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 1.31%. Constellation Brands’s dividend payout ratio is 10.67%.

In related news, EVP David Eric Klein sold 17,900 shares of the firm’s stock in a transaction on Monday, April 2nd. The shares were sold at an average price of $228.43, for a total value of $4,088,897.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Barry A. Fromberg sold 2,005 shares of the firm’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $220.42, for a total transaction of $441,942.10. Following the completion of the transaction, the director now owns 20,790 shares in the company, valued at $4,582,531.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,303 shares of company stock worth $6,693,238. 15.59% of the stock is currently owned by company insiders.

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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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