Somewhat Positive Press Coverage Somewhat Unlikely to Affect Constellation Brands (STZ) Stock Price
Media coverage about Constellation Brands (NYSE:STZ) has trended somewhat positive recently, according to Accern. The research group scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Constellation Brands earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 46.5423399105972 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
- 5 Things Constellation Brands’ Management Wants You to Know (fool.com)
- Sumitomo Mitsui Trust Holdings, Inc. Increases Its Position in Constellation Brands, Inc. (STZ) Stock Last Quarter – Modern Readers (modernreaders.com)
- Constellation Brands, Inc. (NYSE:STZ) Sees Light Trading Volume with 744K Shares Changing Hands – Modern Readers (modernreaders.com)
- Constellation Brands Inc (NYSE:STZ) Expected to Post Quarterly Sales of $2.06 Billion (americanbankingnews.com)
- Running on Empty or is Constellation Brands Inc (STZ) Refueling? – Stock Press Daily (stockpressdaily.com)
Shares of Constellation Brands (NYSE:STZ) traded up 0.36% during mid-day trading on Wednesday, hitting $195.39. 937,292 shares of the stock traded hands. The company has a market cap of $38.16 billion, a P/E ratio of 24.51 and a beta of 0.06. Constellation Brands has a one year low of $144.00 and a one year high of $199.89. The stock has a 50 day moving average price of $191.96 and a 200-day moving average price of $172.89.
Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Thursday, June 29th. The company reported $2.34 EPS for the quarter, topping the consensus estimate of $1.98 by $0.36. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.95 billion. Constellation Brands had a return on equity of 21.57% and a net margin of 19.94%. Constellation Brands’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.54 EPS. On average, analysts forecast that Constellation Brands will post $8.17 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Monday, August 7th. Constellation Brands’s dividend payout ratio (DPR) is presently 26.03%.
STZ has been the subject of several recent analyst reports. BidaskClub lowered shares of Constellation Brands from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Royal Bank Of Canada reissued a “buy” rating on shares of Constellation Brands in a report on Friday, June 16th. Stifel Nicolaus boosted their price target on shares of Constellation Brands from $201.00 to $216.00 and gave the stock a “buy” rating in a report on Friday, June 30th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $198.00 price target (down previously from $200.00) on shares of Constellation Brands in a report on Friday, June 23rd. Finally, Zacks Investment Research raised shares of Constellation Brands from a “hold” rating to a “buy” rating and set a $207.00 price target for the company in a report on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. Constellation Brands has a consensus rating of “Buy” and an average price target of $200.53.
In related news, VP Thomas Michael Kane sold 4,940 shares of the business’s stock in a transaction that occurred on Friday, July 7th. The stock was sold at an average price of $193.28, for a total transaction of $954,803.20. Following the transaction, the vice president now directly owns 8,914 shares of the company’s stock, valued at approximately $1,722,897.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Thomas J. Mullin sold 54,834 shares of the business’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 transaction, the vice president now directly owns 86,005 shares in the company, valued at $16,727,972.50. The disclosure for this sale can be found here. Insiders have sold a total of 95,601 shares of company stock worth $18,586,986 over the last three months. 15.59% of the stock is currently owned by corporate insiders.
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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