Media headlines about Constellation Brands (NYSE:STZ) have been trending somewhat positive on Friday, Accern Sentiment reports. Accern scores the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Constellation Brands earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 46.0994079792213 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
Constellation Brands (NYSE:STZ) opened at 211.74 on Friday. Constellation Brands has a 12-month low of $144.00 and a 12-month high of $214.53. The stock’s 50 day moving average price is $205.36 and its 200 day moving average price is $191.44. The stock has a market cap of $41.42 billion, a price-to-earnings ratio of 24.32 and a beta of 0.04.
Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Thursday, October 5th. The company reported $2.47 earnings per share (EPS) for the quarter, beating the 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 firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same period in the previous year, the company posted $1.77 earnings per share. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. Analysts forecast that Constellation Brands will post $8.37 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 21st. Investors of record on Tuesday, November 7th will be paid a dividend of $0.52 per share. The ex-dividend date is Monday, November 6th. This represents a $2.08 annualized dividend and a yield of 0.98%. Constellation Brands’s dividend payout ratio is 23.85%.
Several analysts have commented on the stock. UBS AG increased their price target on shares of Constellation Brands from $162.00 to $176.00 and gave the stock a “neutral” rating in a report on Friday, June 30th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $220.00 price target (up previously from $205.00) on shares of Constellation Brands in a report on Friday, June 30th. J P Morgan Chase & Co reiterated an “overweight” rating and issued a $220.00 price target (up previously from $188.00) on shares of Constellation Brands in a report on Friday, June 30th. Argus increased their price target on shares of Constellation Brands from $194.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, July 5th. Finally, Wells Fargo & Company reiterated an “outperform” rating and issued a $216.00 price target (up previously from $215.00) on shares of Constellation Brands in a report on Saturday, July 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $216.00.
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In other news, VP Thomas J. Mullin sold 54,834 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was 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 filing with the SEC, which is available at the SEC website. Also, Director Barry A. Fromberg sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $208.00, for a total value of $520,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 122,786 shares of company stock worth $24,740,206. Corporate insiders own 15.59% of the company’s stock.
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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