November 25, 2016 - By Pete Kolinski · 0 Comments
Molson Coors Brewing Co (NYSE:TAP) institutional sentiment increased to 1.19 in Q2 2016. Its up 0.17, from 1.02 in 2016Q1. The ratio is better, as 214 investment managers increased and opened new positions, while 210 reduced and sold their stakes in Molson Coors Brewing Co. The investment managers in our partner’s database now possess: 162.65 million shares, down from 169.23 million shares in 2016Q1. Also, the number of investment managers holding Molson Coors Brewing Co in their top 10 positions increased from 11 to 14 for an increase of 3. Sold All: 32 Reduced: 178 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 $170.04 million 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 selling transactions 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. Citigroup upgraded Molson Coors Brewing Co (NYSE:TAP) on Friday, July 29 to “Buy” rating. The stock of Molson Coors Brewing Co (NYSE:TAP) has “Positive” rating given on Wednesday, March 16 by Susquehanna. Citigroup initiated Molson Coors Brewing Co (NYSE:TAP) rating on Friday, April 8. Citigroup has “Neutral” rating and $97 price target. The firm earned “Positive” rating on Wednesday, September 21 by Susquehanna. The stock of Molson Coors Brewing Co (NYSE:TAP) earned “Buy” rating by Bryan Garnier & Cie on Friday, July 8. As per Monday, September 21, the company rating was upgraded by Societe Generale. As per Tuesday, November 17, the company rating was initiated by Bryan Garnier & Cie. The firm has “Hold” rating given on Saturday, August 8 by Zacks. The stock of Molson Coors Brewing Co (NYSE:TAP) has “Buy” rating given on Monday, September 19 by Citigroup. On Monday, October 10 the stock rating was maintained by Goldman Sachs with “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 Pete Kolinski