Short Interest Watching: Is Molson Coors Brewing Company Class B (NYSE:TAP)’s Fuel Running Low? Reports Show More Sellers

November 17, 2016 - By Marie Mckinney   ·   0 Comments

Short Interest Watching: Is Molson Coors Brewing Company Class B (NYSE:TAP)’s Fuel Running Low? Reports Show More Sellers

The stock of Molson Coors Brewing Company Class B (NYSE:TAP) registered an increase of 0.07% in short interest. TAP’s total short interest was 4.04M shares in November as published by FINRA. Its up 0.07% from 4.03M shares, reported previously. With 1.83 million shares average volume, it will take short sellers 2 days to cover their TAP’s short positions. The short interest to Molson Coors Brewing Company Class B’s float is 2.25%. The stock increased 0.08% or $0.08 on November 16, hitting $97.51. Molson Coors Brewing Co (NYSE:TAP) has risen 0.65% since April 15, 2016 and is uptrending. It has underperformed by 3.97% the S&P500.

Molson Coors Brewing Company is a holding firm that operates as a brewer. The company has a market cap of $21.10 billion. The Firm has a portfolio of brands, including Carling, Coors Light, Molson Canadian and Staropramen, as well as craft and specialty beers, such as Blue Moon, Creemore Springs, Cobra and Doom Bar. It has a 36.26 P/E ratio. The Firm operates through four divisions: Molson Coors Canada (MCC or Canada segment); MillerCoors LLC (MillerCoors or U.S. segment); Molson Coors Europe (Europe segment), and Molson Coors International (MCI).

Insitutional Activity: The institutional sentiment decreased to 1.02 in Q2 2016. Its down 0.43, from 1.45 in 2016Q1. The ratio is negative, as 32 funds sold all Molson Coors Brewing Co shares owned while 178 reduced positions. 55 funds bought stakes while 159 increased positions. They now own 162.65 million shares or 3.89% less from 169.23 million shares in 2016Q1.
Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 0.12% or 89,264 shares. Alliancebernstein L P holds 0.03% of its portfolio in Molson Coors Brewing Co (NYSE:TAP) for 338,145 shares. Finemark National Bank & Tru owns 812 shares or 0.01% of their US portfolio. Paloma Prns Mgmt Communications holds 0.06% or 53,308 shares in its portfolio. Royal London Asset Mngmt Ltd last reported 51,171 shares in the company. New Mexico Educational Retirement Board owns 21,482 shares or 0.1% of their US portfolio. Dimensional Fund Advisors Limited Partnership has invested 0% of its portfolio in Molson Coors Brewing Co (NYSE:TAP). Hanseatic Incorporated last reported 0.24% of its portfolio in the stock. Eqis Capital Management Incorporated has invested 0.03% of its portfolio in Molson Coors Brewing Co (NYSE:TAP). Lba Wealth Ltd Liability Co has invested 0.02% of its portfolio in Molson Coors Brewing Co (NYSE:TAP). Guardian Life Communication Of America has 0.01% invested in the company for 684 shares. Symphony Asset Management Limited Liability holds 41,703 shares or 0.47% of its portfolio. Investors Cap Advisory has invested 0.06% of its portfolio in Molson Coors Brewing Co (NYSE:TAP). Stevens Capital Mngmt Limited Partnership holds 148,832 shares or 0.6% of its portfolio. Columbus Circle Investors last reported 155,880 shares in the company.

Insider Transactions: Since June 1, 2016, the stock had 0 insider purchases, and 8 selling transactions for $8.43 million net activity. 5,033 shares were sold by WALKER SAMUEL D, worth $528,745 on Tuesday, September 6. Another trade for 1,869 shares valued at $190,638 was sold by Anand Krishnan. Another trade for 1,173 shares valued at $116,696 was sold by Molson Andrew Thomas.

Molson Coors Brewing Co (NYSE:TAP) Ratings Coverage

Out of 6 analysts covering Molson Coors Brewing Company (NYSE:TAP), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. Molson Coors Brewing Company has been the topic of 16 analyst reports since August 7, 2015 according to StockzIntelligence Inc. Citigroup initiated Molson Coors Brewing Co (NYSE:TAP) rating on Friday, April 8. Citigroup has “Neutral” rating and $97 price target. Susquehanna maintained the shares of TAP in a report on Wednesday, September 21 with “Positive” rating. On Monday, September 21 the stock rating was upgraded by Societe Generale to “Buy”. The firm earned “Buy” rating on Friday, July 8 by Bryan Garnier & Cie. Zacks upgraded Molson Coors Brewing Co (NYSE:TAP) rating on Saturday, August 8. Zacks has “Hold” rating and $83 price target. The firm has “Buy” rating by Citigroup given on Friday, July 29. The firm has “Buy” rating given on Monday, September 19 by Citigroup. Susquehanna maintained it with “Positive” rating and $126 target price in Wednesday, March 16 report. Bryan Garnier & Cie initiated it with “Buy” rating and $101 target price in Tuesday, November 17 report. Goldman Sachs maintained it with “Buy” rating and $130 target price in Monday, October 10 report.

TAP Company Profile

Molson Coors Brewing Company (MCBC), incorporated on August 14, 2003, is a holding firm that operates as a brewer. The Firm has a portfolio of brands, including Carling, Coors Light, Molson Canadian and Staropramen, as well as craft and specialty beers, such as Blue Moon, Creemore Springs, Cobra and Doom Bar. The Firm operates in four divisions: Molson Coors Canada (MCC or Canada segment), operating in Canada; MillerCoors LLC (MillerCoors or U.S. segment), operating in the United States; Molson Coors Europe (Europe segment), operating in Bosnia-Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Montenegro, Republic of Ireland, Romania, Serbia, Slovakia and the United Kingdom, and Molson Coors International (MCI), operating in various other countries.

Another recent and important Molson Coors Brewing Co (NYSE:TAP) news was published by Marketwatch.com which published an article titled: “Coors Light parent Molson Coors Brewing Co. reports improved Q3 profit as …” on November 01, 2016.

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By Marie Mckinney


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