Molson Coors Brewing Co (NYSE:TAP) has earned a consensus recommendation of “Buy” from the fifteen analysts that are covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $95.55.
A number of analysts recently commented on the company. Citigroup decreased their price target on Molson Coors Brewing from $102.00 to $88.00 and set a “buy” rating for the company in a research report on Thursday. Zacks Investment Research downgraded Molson Coors Brewing from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Susquehanna Bancshares set a $107.00 price target on Molson Coors Brewing and gave the company a “buy” rating in a research report on Monday, February 12th. Credit Suisse Group raised Molson Coors Brewing from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $94.00 to $96.00 in a report on Monday, February 12th. Finally, Berenberg Bank raised Molson Coors Brewing from a “sell” rating to a “hold” rating and set a $78.00 price objective for the company in a report on Thursday, February 8th.
In other Molson Coors Brewing news, Chairman Peter H. Coors sold 55,603 shares of the stock in a transaction on 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 transaction, the chairman now directly owns 319,222 shares of the company’s stock, valued at $27,137,062.22. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.76% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of TAP. Independent Franchise Partners LLP boosted its holdings in shares of Molson Coors Brewing by 41.3% in the fourth quarter. Independent Franchise Partners LLP now owns 8,707,547 shares of the company’s stock worth $714,628,000 after acquiring an additional 2,546,533 shares during the period. Maverick Capital Ltd. boosted its holdings in shares of Molson Coors Brewing by 65.2% in the fourth quarter. Maverick Capital Ltd. now owns 3,727,466 shares of the company’s stock worth $305,913,000 after acquiring an additional 1,471,573 shares during the period. Champlain Investment Partners LLC boosted its holdings in shares of Molson Coors Brewing by 79.6% in the fourth quarter. Champlain Investment Partners LLC now owns 1,329,475 shares of the company’s stock worth $109,110,000 after acquiring an additional 589,290 shares during the period. Two Sigma Investments LP boosted its holdings in shares of Molson Coors Brewing by 990.8% in the fourth quarter. Two Sigma Investments LP now owns 528,616 shares of the company’s stock worth $43,384,000 after acquiring an additional 480,155 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of Molson Coors Brewing by 110.9% in the fourth quarter. Renaissance Technologies LLC now owns 826,100 shares of the company’s stock worth $67,798,000 after acquiring an additional 434,400 shares during the period. 77.08% of the stock is owned by hedge funds and other institutional investors.
Shares of TAP opened at $73.16 on Wednesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.64 and a quick ratio of 0.47. The company has a market cap of $15,972.70, a P/E ratio of 16.37, a price-to-earnings-growth ratio of 1.65 and a beta of 0.81. Molson Coors Brewing has a 12 month low of $72.07 and a 12 month high of $97.50.
Molson Coors Brewing (NYSE:TAP) last issued its quarterly earnings results on Wednesday, February 14th. The company reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.06. The company had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.60 billion. Molson Coors Brewing had a return on equity of 7.55% and a net margin of 10.34%. Molson Coors Brewing’s revenue was up 4.5% on a year-over-year basis. During the same period last year, the business posted $0.47 earnings per share. equities research analysts predict that Molson Coors Brewing will post 5.16 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Monday, March 5th were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.24%. The ex-dividend date was Friday, March 2nd. Molson Coors Brewing’s dividend payout ratio (DPR) is 36.69%.
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Molson Coors Brewing Company Profile
Molson Coors Brewing Company manufactures and sells beer and other beverage products in the United States, Canada, Europe, and internationally. It sells various products under the Coors Light, Miller Lite, Coors Banquet, the Blue Moon Brewing Company brands, the Jacob Leinenkugel Brewing Company brands, Keystone, Icehouse, Mickey's, Miller 64, Miller Genuine Draft, Miller High Life, Milwaukee's Best, Hamm's, Olde English 800, Steel Reserve, Crispin, Smith & Forge, Redd's, the Henry's Hard Soda, and Steel Reserve Alloy Series brands.
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