Media headlines about Constellation Brands (NYSE:STZ) have trended somewhat positive this week, InfoTrie reports. InfoTrie rates the sentiment of news coverage by analyzing more than 6,000 news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Constellation Brands earned a news impact score of 1.63 on their scale. InfoTrie also assigned news articles about the company an news buzz score of 10 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company’s share price in the near term.
These are some of the media headlines that may have impacted Constellation Brands’ analysis:
STZ traded up $2.75 during trading on Wednesday, reaching $206.75. The stock had a trading volume of 2,035,689 shares, compared to its average volume of 1,947,437. The company has a market capitalization of $38.14 billion, a price-to-earnings ratio of 23.71, a price-to-earnings-growth ratio of 1.95 and a beta of 0.08. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.66 and a quick ratio of 0.76. Constellation Brands has a 1-year low of $196.26 and a 1-year high of $236.62.
Constellation Brands (NYSE:STZ) last released its earnings results on Thursday, October 4th. The company reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $2.60 by $0.27. The firm had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.25 billion. Constellation Brands had a return on equity of 18.63% and a net margin of 38.18%. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.47 earnings per share. Equities analysts expect that Constellation Brands will post 9.43 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 20th. Shareholders of record on Tuesday, November 6th will be issued a $0.74 dividend. The ex-dividend date of this dividend is Monday, November 5th. This represents a $2.96 annualized dividend and a dividend yield of 1.43%. Constellation Brands’s dividend payout ratio is currently 10.67%.
Several brokerages have recently issued reports on STZ. ValuEngine downgraded Constellation Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, October 23rd. Zacks Investment Research upgraded Constellation Brands from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 16th. Macquarie set a $245.00 price objective on Constellation Brands and gave the stock a “buy” rating in a research report on Friday, October 5th. Bank of America reduced their price objective on Constellation Brands from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Thursday, August 16th. Finally, Morgan Stanley reduced their price objective on Constellation Brands from $258.00 to $251.00 and set a “buy” rating for the company in a research report on Thursday, September 27th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $246.96.
In other Constellation Brands news, CEO Robert Sands sold 151,060 shares of the company’s stock in a transaction on Monday, October 22nd. The stock was sold at an average price of $223.67, for a total value of $33,787,590.20. Following the transaction, the chief executive officer now owns 737,607 shares of the company’s stock, valued at $164,980,557.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Richard Sands sold 148,773 shares of the company’s stock in a transaction on Monday, October 22nd. The shares were sold at an average price of $223.69, for a total value of $33,279,032.37. Following the completion of the transaction, the chairman now directly owns 346,525 shares in the company, valued at approximately $77,514,177.25. The disclosure for this sale can be found here. Insiders sold 578,723 shares of company stock worth $129,438,449 in the last ninety days. 15.80% of the stock is owned by corporate 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 provides beer primarily under the Corona Extra, Corona Light, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Obregon Brewery, and Ballast Point brands.
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