Molson Coors Brewing Co (NYSE:TAP) Chairman Peter H. Coors sold 55,603 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $85.01, for a total transaction of $4,726,811.03. Following the completion of the sale, the chairman now directly owns 319,222 shares of the company’s stock, valued at approximately $27,137,062.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Molson Coors Brewing Co (NYSE TAP) traded down $1.43 during trading hours on Thursday, hitting $83.25. 1,175,773 shares of the stock were exchanged, compared to its average volume of 1,305,256. The stock has a market capitalization of $19,290.00, a price-to-earnings ratio of 8.02, a PEG ratio of 2.19 and a beta of 0.83. Molson Coors Brewing Co has a fifty-two week low of $76.25 and a fifty-two week high of $102.14. The company has a current ratio of 0.69, a quick ratio of 0.54 and a debt-to-equity ratio of 0.83.

Molson Coors Brewing (NYSE:TAP) last issued its earnings results on Wednesday, November 1st. The company reported $1.34 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.34. The business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.97 billion. Molson Coors Brewing had a net margin of 17.04% and a return on equity of 7.54%. The company’s quarterly revenue was up 204.3% compared to the same quarter last year. During the same period last year, the company posted $1.03 earnings per share. sell-side analysts expect that Molson Coors Brewing Co will post 4.33 EPS for the current fiscal year.

Several brokerages have issued reports on TAP. Morgan Stanley began coverage on shares of Molson Coors Brewing in a research note on Tuesday, January 9th. They issued an “equal weight” rating and a $88.00 price objective for the company. Susquehanna Bancshares reissued a “buy” rating and issued a $108.00 price objective (down previously from $118.00) on shares of Molson Coors Brewing in a research note on Friday, September 22nd. Citigroup decreased their price objective on shares of Molson Coors Brewing from $106.00 to $102.00 and set a “buy” rating for the company in a research note on Friday, November 3rd. Stifel Nicolaus reissued a “buy” rating and issued a $116.00 price objective on shares of Molson Coors Brewing in a research note on Friday, December 22nd. Finally, Zacks Investment Research downgraded shares of Molson Coors Brewing from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $96.94.

Several large investors have recently modified their holdings of the company. Oakbrook Investments LLC increased its position in shares of Molson Coors Brewing by 11.7% during the fourth quarter. Oakbrook Investments LLC now owns 14,345 shares of the company’s stock worth $1,177,000 after acquiring an additional 1,500 shares during the period. Westpac Banking Corp increased its position in shares of Molson Coors Brewing by 49.2% during the fourth quarter. Westpac Banking Corp now owns 16,513 shares of the company’s stock worth $1,355,000 after acquiring an additional 5,449 shares during the period. Cascade Investment Advisors Inc. purchased a new position in shares of Molson Coors Brewing during the fourth quarter worth approximately $770,000. CAPROCK Group Inc. increased its position in shares of Molson Coors Brewing by 38.8% during the fourth quarter. CAPROCK Group Inc. now owns 11,850 shares of the company’s stock worth $1,006,000 after acquiring an additional 3,312 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its holdings in Molson Coors Brewing by 40.7% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,062,518 shares of the company’s stock valued at $87,157,000 after buying an additional 307,107 shares during the period. 77.67% of the stock is currently owned by institutional investors and hedge funds.

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Molson Coors Brewing Company Profile

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.

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