Investors Buy Molson Coors Brewing (TAP) on Weakness

Traders bought shares of Molson Coors Brewing Co (NYSE:TAP) on weakness during trading hours on Wednesday. $35.41 million flowed into the stock on the tick-up and $11.57 million flowed out of the stock on the tick-down, for a money net flow of $23.84 million into the stock. Of all equities tracked, Molson Coors Brewing had the 15th highest net in-flow for the day. Molson Coors Brewing traded down ($0.04) for the day and closed at $84.68

A number of equities research analysts recently weighed in on the company. Zacks Investment Research cut Molson Coors Brewing from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Barclays initiated coverage on Molson Coors Brewing in a research report on Wednesday, January 10th. They set an “overweight” rating and a $94.00 price objective on the stock. Morgan Stanley initiated coverage on Molson Coors Brewing in a research report on Tuesday, January 9th. They set an “equal weight” rating and a $88.00 price objective on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $116.00 price objective on shares of Molson Coors Brewing in a research report on Friday, December 22nd. Finally, Deutsche Bank initiated coverage on Molson Coors Brewing in a research report on Wednesday, December 13th. They set a “buy” rating and a $89.00 price objective on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $96.94.

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 capitalization of $19,590.00, a PE ratio of 8.16, a P/E/G ratio of 2.20 and a beta of 0.83.

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

In related news, CFO Tracey Joubert sold 1,000 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $79.15, for a total value of $79,150.00. Following the transaction, the chief financial officer now owns 22,839 shares in the company, valued at $1,807,706.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.76% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bahl & Gaynor Inc. increased its position in shares of Molson Coors Brewing by 6.5% in the second quarter. Bahl & Gaynor Inc. now owns 2,650 shares of the company’s stock worth $258,000 after purchasing an additional 161 shares during the period. National Asset Management Inc. increased its position in shares of Molson Coors Brewing by 8.1% in the second quarter. National Asset Management Inc. now owns 2,868 shares of the company’s stock worth $248,000 after purchasing an additional 215 shares during the period. WFG Advisors LP increased its position in shares of Molson Coors Brewing by 14.0% in the second quarter. WFG Advisors LP now owns 3,938 shares of the company’s stock worth $340,000 after purchasing an additional 483 shares during the period. First Allied Advisory Services Inc. increased its position in shares of Molson Coors Brewing by 22.4% in the second quarter. First Allied Advisory Services Inc. now owns 3,376 shares of the company’s stock worth $291,000 after purchasing an additional 617 shares during the period. Finally, Hermes Investment Management Ltd. increased its position in shares of Molson Coors Brewing by 9.4% in the third quarter. Hermes Investment Management Ltd. now owns 7,738 shares of the company’s stock worth $632,000 after purchasing an additional 666 shares during the period. Institutional investors own 77.67% of the company’s stock.

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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.

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