November 25, 2016 - By Clifton Ray · 0 Comments
Travelers Property Casualty Corp (NYSE:TAP) institutional sentiment increased to 1.17 in Q2 2016. Its up 0.14, from 1.03 in 2016Q1. The ratio improved, as 214 active investment managers started new or increased equity positions, while 207 sold and decreased stakes in Travelers Property Casualty Corp. The active investment managers in our partner’s database now hold: 163.92 million shares, down from 170.60 million shares in 2016Q1. Also, the number of active investment managers holding Travelers Property Casualty Corp in their top 10 equity positions increased from 11 to 13 for an increase of 2. Sold All: 31 Reduced: 176 Increased: 159 New Position: 55.
Molson Coors Brewing Company is a holding firm that operates as a brewer. The company has a market cap of $21.20 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 37.09 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).
The stock increased 0.86% or $0.85 during the last trading session, hitting $99.74. About 716,152 shares traded hands. Molson Coors Brewing Co (NYSE:TAP) has risen 3.41% since April 22, 2016 and is uptrending. It has underperformed by 2.00% the S&P500.
Analysts await Molson Coors Brewing Co (NYSE:TAP) to report earnings on February, 9. They expect $0.80 EPS, up 63.27% or $0.31 from last year’s $0.49 per share. TAP’s profit will be $170.04M for 31.17 P/E if the $0.80 EPS becomes a reality. After $1.03 actual EPS reported by Molson Coors Brewing Co for the previous quarter, Wall Street now forecasts -22.33% negative EPS growth.
According to Zacks Investment Research, “Molson Coors Brewing Company is world’s fifth-largest global brewer. Molson Coors Brewing Company has 15,000 employees worldwide, 18 breweries, and a broad portfolio of over 40 brands, including Molson Canadian, Coors Light and Carling.”
Emerging Sovereign Group Llc holds 8.83% of its portfolio in Molson Coors Brewing Co for 1.27 million shares. Owl Creek Asset Management L.P. owns 936,737 shares or 5.94% of their US portfolio. Moreover, Raveneur Investment Group Lp has 4.58% invested in the company for 165,126 shares. The California-based Empyrean Capital Partners Lp has invested 4.27% in the stock. Pennant Capital Management Llc, a New Jersey-based fund reported 1.58 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 8 insider sales for $8.43 million net activity.
Ratings analysis reveals 83% of Molson Coors Brewing Company’s analysts are positive. Out of 6 Wall Street analysts rating Molson Coors Brewing Company, 5 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $71 while the high is $159. The stock’s average target of $114.14 is 14.44% above today’s ($99.74) share price. TAP was included in 16 notes of analysts from August 7, 2015. Bryan Garnier & Cie initiated Molson Coors Brewing Co (NYSE:TAP) on Tuesday, November 17 with “Buy” rating. On Wednesday, March 16 the stock rating was maintained by Susquehanna with “Positive”. Zacks upgraded it to “Hold” rating and $83 target price in Saturday, August 8 report. Societe Generale upgraded the stock to “Buy” rating in Monday, September 21 report. Goldman Sachs maintained Molson Coors Brewing Co (NYSE:TAP) rating on Monday, October 10. Goldman Sachs has “Buy” rating and $130 price target. Citigroup initiated Molson Coors Brewing Co (NYSE:TAP) on Friday, April 8 with “Neutral” rating. Citigroup maintained the shares of TAP in a report on Monday, September 19 with “Buy” rating. The firm has “Positive” rating given on Wednesday, September 21 by Susquehanna. Citigroup upgraded the shares of TAP in a report on Friday, July 29 to “Buy” rating. On Friday, July 8 the stock rating was upgraded by Bryan Garnier & Cie to “Buy”.
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.
More recent Molson Coors Brewing Co (NYSE:TAP) news were published by: Wsj.com which released: “Molson Coors CFO Resigns; Company Cites ‘Personal Conduct’ Unrelated to Business” on November 17, 2016. Also Marketwatch.com published the news titled: “Coors Light parent Molson Coors Brewing Co. reports improved Q3 profit as …” on November 01, 2016. Forbes.com‘s news article titled: “Molson Coors Brewing Enters Oversold Territory (TAP)” with publication date: November 18, 2016 was also an interesting one.
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By Clifton Ray