Headlines about Constellation Brands (NYSE:STZ) have trended somewhat positive on Thursday, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than twenty 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 daily sentiment score of 0.10 on Accern’s scale. Accern also assigned headlines about the company an impact score of 44.5209586925859 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the headlines that may have effected Accern’s scoring:
- Notable Wednesday Option Activity: AERI, STZ, DNKN – Nasdaq (nasdaq.com)
- What’s behind Constellation Brands’ Margin Expansion? (finance.yahoo.com)
- Constellation Brands Stock: Do Analysts See More Upside? (finance.yahoo.com)
- Constellation Brands won’t make the same mistakes with Funky Buddha as it did with Ballast Point (bizjournals.com)
- How Constellation Brands’ 2Q18 Earnings Beat Analysts’ Estimates (finance.yahoo.com)
A number of brokerages have recently weighed in on STZ. UBS AG lifted their target price on shares of Constellation Brands from $162.00 to $176.00 and gave the company a “neutral” rating in a research note on Friday, June 30th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $220.00 target price on shares of Constellation Brands in a research note on Wednesday, August 2nd. Stifel Nicolaus lifted their target price on shares of Constellation Brands from $216.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, October 6th. Cowen and Company reaffirmed a “buy” rating and set a $230.00 target price on shares of Constellation Brands in a research note on Thursday, August 3rd. Finally, Citigroup Inc. reaffirmed a “neutral” rating and set a $232.00 target price (up previously from $211.00) on shares of Constellation Brands in a research note on Monday. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Constellation Brands currently has an average rating of “Buy” and a consensus target price of $216.00.
Constellation Brands (NYSE:STZ) opened at 207.74 on Thursday. Constellation Brands has a 52 week low of $144.00 and a 52 week high of $213.40. The company has a market cap of $40.63 billion, a P/E ratio of 23.86 and a beta of 0.04. The stock has a 50 day moving average of $202.00 and a 200 day moving average of $188.05.
Constellation Brands (NYSE:STZ) last posted its earnings results on Thursday, October 5th. The company reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.30. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.06 billion. Constellation Brands had a net margin of 22.04% and a return on equity of 22.88%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.77 EPS. On average, analysts expect that Constellation Brands will post $8.42 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 21st. Shareholders of record on Tuesday, November 7th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Monday, November 6th. Constellation Brands’s dividend payout ratio (DPR) is 26.03%.
In other news, VP Thomas J. Mullin sold 54,834 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $16,727,972.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP William F. Hackett sold 12,517 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $197.00, for a total transaction of $2,465,849.00. The disclosure for this sale can be found here. Insiders sold a total of 75,286 shares of company stock worth $14,731,456 over the last 90 days. Company insiders own 15.59% of the company’s stock.
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Constellation Brands Company Profile
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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