Molson Coors Brewing Co. (TAP) Plans Quarterly Dividend of $0.37
Molson Coors Brewing (NYSE:TAP) declared a quarterly dividend on Friday, February 14th, Analyst Ratings.Net reports. Stockholders of record on Friday, February 28th will be given a dividend of 0.37 per share on Monday, March 17th. This represents a $1.48 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend is Wednesday, February 26th. This is a boost from Molson Coors Brewing’s previous quarterly dividend of $0.32.
A number of research firms have recently commented on TAP. Analysts at Zacks reiterated a “neutral” rating on shares of Molson Coors Brewing in a research note on Friday. They now have a $57.00 price target on the stock. On the ratings front, analysts at Socgen initiated coverage on shares of Molson Coors Brewing in a research note on Friday, January 31st. They set a “sell” rating on the stock. Finally, analysts at Societe Generale initiated coverage on shares of Molson Coors Brewing in a research note on Thursday, January 30th. They set a “sell” rating on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $57.67.
Molson Coors Brewing (NYSE:TAP) traded up 0.90% on Friday, hitting $55.02. The stock had a trading volume of 1,242,668 shares. Molson Coors Brewing has a 1-year low of $43.38 and a 1-year high of $57.18. The stock’s 50-day moving average is $54.40 and its 200-day moving average is $52.63. The company has a market cap of $10.116 billion and a P/E ratio of 20.17.
Molson Coors Brewing (NYSE:TAP) last issued its quarterly earnings data on Thursday, February 13th. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.60. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the company posted $0.69 earnings per share. The company’s revenue for the quarter was down .2% on a year-over-year basis. Analysts expect that Molson Coors Brewing will post $4.11 EPS for the current fiscal year.
Molson Coors Brewing Company (NYSE:TAP) is a holding company.
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