Molson Coors Brewing Company (NYSE:TAP) has received an average rating of “Hold” from the eleven analysts that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $97.65.

A number of analysts recently weighed in on the stock. Credit Suisse Group set a $96.00 price target on shares of Molson Coors Brewing and gave the stock a “hold” rating in a research report on Thursday, August 3rd. BidaskClub raised shares of Molson Coors Brewing from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. UBS AG reaffirmed a “neutral” rating and set a $98.00 price target (up from $96.00) on shares of Molson Coors Brewing in a research report on Thursday, August 3rd. Zacks Investment Research cut shares of Molson Coors Brewing from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Finally, Berenberg Bank assumed coverage on shares of Molson Coors Brewing in a research report on Wednesday, September 13th. They set a “sell” rating and a $78.00 price target for the company.

In other Molson Coors Brewing news, CEO Gavin Hattersley sold 17,215 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $91.90, for a total value of $1,582,058.50. Following the completion of the transaction, the chief executive officer now directly owns 99,217 shares of the company’s stock, valued at approximately $9,118,042.30. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.76% of the company’s stock.

Large investors have recently bought and sold shares of the business. Wells Fargo & Company MN boosted its position in Molson Coors Brewing by 26.3% in the 2nd quarter. Wells Fargo & Company MN now owns 2,581,382 shares of the company’s stock valued at $222,877,000 after buying an additional 537,767 shares during the last quarter. Principal Financial Group Inc. boosted its position in Molson Coors Brewing by 1.3% in the 2nd quarter. Principal Financial Group Inc. now owns 279,587 shares of the company’s stock valued at $24,140,000 after buying an additional 3,476 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in Molson Coors Brewing by 3.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 573,970 shares of the company’s stock valued at $49,557,000 after buying an additional 17,562 shares during the last quarter. Delta Lloyd Asset Management N.V. purchased a new position in Molson Coors Brewing in the 2nd quarter valued at about $2,811,000. Finally, Hancock Holding Co. purchased a new position in Molson Coors Brewing in the 2nd quarter valued at about $1,612,000. 78.32% of the stock is owned by institutional investors.

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Shares of Molson Coors Brewing (NYSE TAP) traded up 0.20% during mid-day trading on Wednesday, hitting $84.14. The stock had a trading volume of 1,790,121 shares. The firm has a market cap of $18.12 billion, a PE ratio of 8.41 and a beta of 0.88. The firm has a 50 day moving average price of $85.97 and a 200 day moving average price of $90.10. Molson Coors Brewing has a 52-week low of $80.92 and a 52-week high of $112.19.

Molson Coors Brewing (NYSE:TAP) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $1.66 earnings per share for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.38). Molson Coors Brewing had a return on equity of 7.41% and a net margin of 19.78%. The business had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same period last year, the company posted $1.11 earnings per share. The firm’s revenue for the quarter was down .6% on a year-over-year basis. Equities analysts predict that Molson Coors Brewing will post $4.31 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were given a $0.41 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $1.64 dividend on an annualized basis and a yield of 1.95%. Molson Coors Brewing ‘s payout ratio is currently 16.38%.

About Molson Coors Brewing

Molson Coors Brewing Company (MCBC) is a holding company. The Company operates as a brewer. The Company’s segments include MillerCoors LLC (United States segment), operating in the United States; Molson Coors Canada (Canada segment), operating in Canada; Molson Coors Europe (Europe segment), operating in Bulgaria, Croatia, Czech Republic, Hungary, Montenegro, Republic of Ireland, Romania, Serbia, the United Kingdom and various other European countries; Molson Coors International (Molson Coors International segment), operating in various other countries, and Corporate.

Analyst Recommendations for Molson Coors Brewing  (NYSE:TAP)

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