Molson Coors Brewing Co (NYSE:TAP) insider Krishnan Anand sold 2,595 shares of the business’s stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $64.81, for a total value of $168,181.95. Following the completion of the transaction, the insider now owns 49,946 shares in the company, valued at $3,237,000.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Krishnan Anand also recently made the following trade(s):
- On Monday, October 1st, Krishnan Anand sold 2,595 shares of Molson Coors Brewing stock. The shares were sold at an average price of $61.42, for a total value of $159,384.90.
- On Tuesday, September 4th, Krishnan Anand sold 2,595 shares of Molson Coors Brewing stock. The shares were sold at an average price of $66.26, for a total value of $171,944.70.
NYSE:TAP opened at $62.65 on Wednesday. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $13.62 billion, a P/E ratio of 14.02, a PEG ratio of 2.80 and a beta of 0.56. Molson Coors Brewing Co has a 12 month low of $55.52 and a 12 month high of $85.86.
Molson Coors Brewing (NYSE:TAP) last posted its earnings results on Wednesday, October 31st. The company reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.25. The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.92 billion. Molson Coors Brewing had a return on equity of 7.58% and a net margin of 12.05%. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.34 earnings per share. On average, equities research analysts anticipate that Molson Coors Brewing Co will post 4.97 EPS for the current year.
Large investors have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in Molson Coors Brewing by 10.9% during the second quarter. BlackRock Inc. now owns 13,894,209 shares of the company’s stock worth $945,363,000 after acquiring an additional 1,367,047 shares during the last quarter. ARGA Investment Management LP increased its stake in Molson Coors Brewing by 19.7% during the second quarter. ARGA Investment Management LP now owns 23,575 shares of the company’s stock worth $1,604,000 after acquiring an additional 3,875 shares during the last quarter. Intrepid Capital Management Inc. bought a new stake in Molson Coors Brewing during the second quarter worth approximately $730,000. Fairpointe Capital LLC increased its stake in Molson Coors Brewing by 42,908.9% during the second quarter. Fairpointe Capital LLC now owns 1,376,285 shares of the company’s stock worth $93,643,000 after acquiring an additional 1,373,085 shares during the last quarter. Finally, Cypress Capital Group bought a new stake in Molson Coors Brewing during the second quarter worth approximately $430,000. Institutional investors own 76.76% of the company’s stock.
TAP has been the topic of several research analyst reports. Morgan Stanley boosted their price objective on Molson Coors Brewing from $69.00 to $74.00 and gave the company an “equal weight” rating in a research report on Thursday, August 2nd. Susquehanna Bancshares boosted their price objective on Molson Coors Brewing from $80.00 to $84.00 and gave the company a “positive” rating in a research report on Thursday, August 2nd. Citigroup lowered their price objective on Molson Coors Brewing from $80.00 to $78.00 and set a “buy” rating on the stock in a research report on Monday, August 27th. Jefferies Financial Group initiated coverage on Molson Coors Brewing in a research report on Friday, September 7th. They issued an “underperform” rating and a $55.00 price objective on the stock. Finally, Berenberg Bank set a $67.00 price objective on Molson Coors Brewing and gave the company a “hold” rating in a research report on Tuesday, September 11th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. Molson Coors Brewing has an average rating of “Hold” and an average target price of $75.36.
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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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