Molson Coors Brewing Co (TAP) Receives Consensus Recommendation of “Hold” from Analysts

Molson Coors Brewing Co (NYSE:TAP) has been given a consensus rating of “Hold” by the fifteen ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $97.32.

A number of equities analysts have issued reports on the stock. Morgan Stanley assumed coverage on shares of Molson Coors Brewing in a research report on Tuesday, January 9th. They set an “equal weight” rating and a $88.00 price target for the company. Susquehanna Bancshares reissued a “buy” rating and set a $108.00 price target (down from $118.00) on shares of Molson Coors Brewing in a research report on Friday, September 22nd. Citigroup reduced their price target on shares of Molson Coors Brewing from $106.00 to $102.00 and set a “buy” rating for the company in a research report on Friday, November 3rd. Stifel Nicolaus reissued a “buy” rating and set a $116.00 price target on shares of Molson Coors Brewing in a research report on Friday, December 22nd. Finally, Zacks Investment Research lowered shares of Molson Coors Brewing from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th.

In other news, CFO Tracey Joubert sold 1,000 shares of Molson Coors Brewing stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $79.15, for a total transaction of $79,150.00. Following the completion of the transaction, the chief financial officer now directly owns 22,839 shares of the company’s stock, valued at approximately $1,807,706.85. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Peter H. Coors sold 55,603 shares of Molson Coors Brewing stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $85.01, for a total transaction of $4,726,811.03. Following the transaction, the chairman now directly owns 319,222 shares of the company’s stock, valued at $27,137,062.22. The disclosure for this sale can be found here. 2.76% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of TAP. BT Investment Management Ltd acquired a new stake in Molson Coors Brewing in the 2nd quarter valued at $283,000. Profund Advisors LLC grew its stake in Molson Coors Brewing by 22.7% in the 2nd quarter. Profund Advisors LLC now owns 5,138 shares of the company’s stock valued at $444,000 after acquiring an additional 949 shares during the period. ProShare Advisors LLC grew its stake in Molson Coors Brewing by 161.8% in the 2nd quarter. ProShare Advisors LLC now owns 40,173 shares of the company’s stock valued at $3,469,000 after acquiring an additional 24,828 shares during the period. New York State Common Retirement Fund grew its stake in Molson Coors Brewing by 0.3% in the 2nd quarter. New York State Common Retirement Fund now owns 377,600 shares of the company’s stock valued at $32,602,000 after acquiring an additional 999 shares during the period. Finally, GSA Capital Partners LLP grew its stake in Molson Coors Brewing by 9.6% in the 2nd quarter. GSA Capital Partners LLP now owns 26,660 shares of the company’s stock valued at $2,302,000 after acquiring an additional 2,346 shares during the period. 77.67% of the stock is owned by hedge funds and other institutional investors.

Molson Coors Brewing (NYSE:TAP) traded up $0.52 on Friday, reaching $83.77. 783,539 shares of the company’s stock were exchanged, compared to its average volume of 1,340,954. Molson Coors Brewing has a 12 month low of $76.25 and a 12 month high of $102.14. The company has a quick ratio of 0.54, a current ratio of 0.69 and a debt-to-equity ratio of 0.83. The stock has a market cap of $19,390.00, a price-to-earnings ratio of 8.07, a PEG ratio of 2.19 and a beta of 0.83.

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

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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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