Molson Coors Brewing Co (NYSE:TAP) CEO Simon Cox sold 203 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $80.68, for a total value of $16,378.04. Following the sale, the chief executive officer now owns 21,495 shares in the company, valued at $1,734,216.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Molson Coors Brewing Co (TAP) traded up $0.21 during trading hours on Friday, hitting $78.66. The stock had a trading volume of 1,390,000 shares, compared to its average volume of 1,600,000. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.64 and a quick ratio of 0.47. Molson Coors Brewing Co has a twelve month low of $72.71 and a twelve month high of $101.18. The stock has a market capitalization of $18,190.00, a P/E ratio of 17.40, a P/E/G ratio of 1.75 and a beta of 0.79.
Molson Coors Brewing (NYSE:TAP) last issued its quarterly earnings data on Wednesday, February 14th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.06. Molson Coors Brewing had a return on equity of 7.55% and a net margin of 10.34%. The business had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same period in the prior year, the business earned $0.47 earnings per share. The business’s revenue was up 4.5% on a year-over-year basis. sell-side analysts forecast that Molson Coors Brewing Co will post 5.18 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dupont Capital Management Corp purchased a new position in Molson Coors Brewing during the third quarter worth about $103,000. Cerebellum GP LLC purchased a new position in Molson Coors Brewing during the fourth quarter worth about $129,000. Meeder Asset Management Inc. purchased a new position in Molson Coors Brewing during the third quarter worth about $138,000. Valeo Financial Advisors LLC lifted its position in Molson Coors Brewing by 58.2% during the fourth quarter. Valeo Financial Advisors LLC now owns 1,864 shares of the company’s stock worth $153,000 after buying an additional 686 shares during the period. Finally, Chemical Bank purchased a new position in Molson Coors Brewing during the fourth quarter worth about $205,000. Hedge funds and other institutional investors own 77.05% of the company’s stock.
A number of analysts have commented on the company. Zacks Investment Research upgraded Molson Coors Brewing from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a research report on Monday. Berenberg Bank reiterated a “sell” rating and set a $76.00 target price on shares of Molson Coors Brewing in a research report on Friday, November 3rd. Susquehanna Bancshares set a $108.00 price objective on Molson Coors Brewing and gave the company a “buy” rating in a research report on Wednesday, November 1st. Credit Suisse Group upgraded Molson Coors Brewing from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $94.00 to $96.00 in a research report on Monday, February 12th. Finally, BMO Capital Markets began coverage on Molson Coors Brewing in a research report on Monday, February 5th. They issued an “outperform” rating and a $95.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $96.88.
WARNING: This report was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this report on another website, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The correct version of this report can be accessed at https://www.dispatchtribunal.com/2018/02/23/molson-coors-brewing-co-tap-ceo-simon-cox-sells-203-shares.html.
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.
Receive News & Ratings for Molson Coors Brewing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Molson Coors Brewing and related companies with MarketBeat.com's FREE daily email newsletter.