Media stories about Molson Coors Brewing (NYSE:TAP) have been trending somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Molson Coors Brewing earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 45.7489728091605 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
TAP traded down $0.63 during midday trading on Friday, hitting $72.98. 2,063,321 shares of the company traded hands, compared to its average volume of 1,756,836. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.47 and a current ratio of 0.64. The stock has a market capitalization of $15,927.43, a P/E ratio of 16.33, a P/E/G ratio of 1.68 and a beta of 0.81. Molson Coors Brewing has a 52 week low of $72.07 and a 52 week high of $97.50.
Molson Coors Brewing (NYSE:TAP) last posted its earnings results 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. The business had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.60 billion. Molson Coors Brewing had a net margin of 10.34% and a return on equity of 7.55%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.47 EPS. research analysts forecast that Molson Coors Brewing will post 5.15 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Monday, March 5th were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.25%. The ex-dividend date was Friday, March 2nd. Molson Coors Brewing’s dividend payout ratio is currently 36.69%.
A number of equities analysts recently issued reports on TAP shares. Zacks Investment Research cut shares of Molson Coors Brewing from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Barclays started coverage on shares of Molson Coors Brewing in a research note on Wednesday, January 10th. They issued an “overweight” rating and a $94.00 price target on the stock. Morgan Stanley started coverage on shares of Molson Coors Brewing in a research note on Tuesday, January 9th. They issued an “equal weight” rating and a $88.00 price target on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $116.00 price target on shares of Molson Coors Brewing in a research note on Friday, December 22nd. Finally, Berenberg Bank upgraded shares of Molson Coors Brewing from a “sell” rating to a “hold” rating and set a $78.00 price target on the stock in a research note on Thursday, February 8th. Seven investment 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 stock currently has an average rating of “Buy” and a consensus target price of $95.30.
In other Molson Coors Brewing news, Chairman Peter H. Coors sold 55,603 shares of the company’s stock in a transaction dated 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 owns 319,222 shares in the company, valued at approximately $27,137,062.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.76% of the stock is currently owned by corporate insiders.
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About Molson Coors Brewing
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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