News stories about Molson Coors Brewing (NYSE:TAP) have been trending somewhat negative recently, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Molson Coors Brewing earned a media sentiment score of -0.03 on Accern’s scale. Accern also assigned news stories about the company an impact score of 46.9456991118907 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
Molson Coors Brewing (TAP) traded up $3.33 during midday trading on Wednesday, hitting $79.03. The stock had a trading volume of 1,108,398 shares, compared to its average volume of 1,379,015. Molson Coors Brewing has a 12 month low of $72.71 and a 12 month high of $102.14. The company has a market cap of $16,320.86, a PE ratio of 7.31, a price-to-earnings-growth ratio of 2.03 and a beta of 0.79. The company has a quick ratio of 0.54, a current ratio of 0.69 and a debt-to-equity ratio of 0.83.
Molson Coors Brewing (NYSE:TAP) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.06. Molson Coors Brewing had a return on equity of 7.54% and a net margin of 17.04%. The business had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.60 billion. During the same period in the previous year, the business posted $0.47 EPS. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. equities research analysts forecast that Molson Coors Brewing will post 4.33 earnings per share for the current fiscal year.
Several research analysts have issued reports on TAP shares. Zacks Investment Research upgraded shares of Molson Coors Brewing from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a report on Tuesday, January 2nd. Stifel Nicolaus reiterated a “buy” rating and issued a $116.00 price objective on shares of Molson Coors Brewing in a research note on Friday, December 22nd. Deutsche Bank initiated coverage on shares of Molson Coors Brewing in a research note on Wednesday, December 13th. They issued a “buy” rating and a $89.00 price objective for the company. 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. Finally, Susquehanna Bancshares set a $108.00 price target on shares of Molson Coors Brewing and gave the company a “buy” rating in a research report on Wednesday, November 1st. Eight research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Molson Coors Brewing presently has a consensus rating of “Buy” and an average target price of $96.61.
In other news, CFO Tracey Joubert sold 1,000 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was 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 owns 22,839 shares of the company’s stock, valued at $1,807,706.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Peter H. Coors sold 55,603 shares of the business’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $85.01, for a total value of $4,726,811.03. Following the transaction, the chairman now directly owns 319,222 shares of the company’s stock, valued at approximately $27,137,062.22. The disclosure for this sale can be found here. Corporate insiders own 2.76% 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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