Shares of Molson Coors Brewing Co (NYSE:TAP) have been given an average rating of “Buy” by the nine ratings firms that are currently covering the firm. Two investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $130.50.

A number of equities research analysts have commented on TAP shares. Goldman Sachs Group Inc. started coverage on Molson Coors Brewing in a research note on Monday, October 10th. They issued a “buy” rating and a $130.00 price target for the company. Zacks Investment Research cut Molson Coors Brewing from a “buy” rating to a “hold” rating in a research note on Tuesday, July 26th. Susquehanna reiterated a “buy” rating on shares of Molson Coors Brewing in a research note on Monday, August 8th. Citigroup Inc. increased their price target on Molson Coors Brewing from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, September 19th. Finally, Stifel Nicolaus increased their price target on Molson Coors Brewing from $136.00 to $139.00 and gave the company a “buy” rating in a research note on Wednesday, August 3rd.

Molson Coors Brewing (NYSE:TAP) opened at 97.51 on Monday. The company’s 50 day moving average price is $106.15 and its 200-day moving average price is $102.08. The company has a market capitalization of $20.95 billion, a P/E ratio of 35.20 and a beta of 0.98. Molson Coors Brewing has a 52 week low of $80.78 and a 52 week high of $112.19.

Molson Coors Brewing (NYSE:TAP) last issued its quarterly earnings data on Tuesday, November 1st. The company reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by $0.02. Molson Coors Brewing had a net margin of 11.48% and a return on equity of 7.21%. The company had revenue of $947.60 million for the quarter, compared to the consensus estimate of $985.75 million. During the same period in the previous year, the business earned $1.40 EPS. Molson Coors Brewing’s revenue for the quarter was down 6.9% compared to the same quarter last year. Equities research analysts expect that Molson Coors Brewing will post $5.82 earnings per share for the current year.

In related news, CEO Krishnan Anand sold 13,000 shares of the firm’s stock in a transaction dated Wednesday, September 28th. The stock was sold at an average price of $110.64, for a total transaction of $1,438,320.00. Following the sale, the chief executive officer now directly owns 35,705 shares of the company’s stock, valued at $3,950,401.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.53% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Exxonmobil Investment Management Inc. TX raised its stake in Molson Coors Brewing by 6.5% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 47,661 shares of the company’s stock valued at $4,820,000 after buying an additional 2,903 shares during the period. DNB Asset Management AS raised its stake in Molson Coors Brewing by 0.6% in the second quarter. DNB Asset Management AS now owns 98,323 shares of the company’s stock valued at $9,943,000 after buying an additional 600 shares during the period. First Republic Investment Management Inc. raised its stake in Molson Coors Brewing by 40.6% in the first quarter. First Republic Investment Management Inc. now owns 12,881 shares of the company’s stock valued at $1,240,000 after buying an additional 3,722 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its stake in Molson Coors Brewing by 23.5% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,313 shares of the company’s stock valued at $608,000 after buying an additional 1,202 shares during the period. Finally, Arizona State Retirement System raised its stake in Molson Coors Brewing by 18.8% in the first quarter. Arizona State Retirement System now owns 49,821 shares of the company’s stock valued at $4,792,000 after buying an additional 7,900 shares during the period. 76.03% of the stock is currently owned by hedge funds and other institutional investors.

Molson Coors Brewing Company Profile

Molson Coors Brewing Company (MCBC) is a holding company that operates as a brewer. The Company 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 Company operates through four segments: Molson Coors Canada (MCC or Canada segment); MillerCoors LLC (MillerCoors or U.S.

5 Day Chart for NYSE:TAP

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