Molson Coors Brewing Company (NYSE:TAP)‘s stock had its “buy” rating restated by equities researchers at Susquehanna Bancshares Inc in a research report issued to clients and investors on Wednesday.

A number of other equities research analysts have also commented on the company. BidaskClub lowered Molson Coors Brewing from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 22nd. UBS AG reaffirmed a “neutral” rating and set a $98.00 price target (up previously from $96.00) on shares of Molson Coors Brewing in a research report on Thursday, August 3rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $111.00 price target on shares of Molson Coors Brewing in a research report on Friday, July 14th. Berenberg Bank started coverage on Molson Coors Brewing in a research report on Wednesday, September 13th. They set a “sell” rating and a $78.00 price target on the stock. Finally, Cowen and Company reaffirmed a “hold” rating and set a $96.00 price target on shares of Molson Coors Brewing in a research report on Friday, July 14th. Two analysts have rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $98.80.

Shares of Molson Coors Brewing (NYSE TAP) opened at 83.97 on Wednesday. Molson Coors Brewing has a 12-month low of $80.92 and a 12-month high of $112.19. The firm’s 50-day moving average price is $86.11 and its 200 day moving average price is $90.14. The firm has a market cap of $18.08 billion, a P/E ratio of 8.39 and a beta of 0.88.

Molson Coors Brewing (NYSE:TAP) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $1.66 EPS for the quarter, missing the Zacks’ consensus estimate of $2.04 by ($0.38). The business had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.10 billion. Molson Coors Brewing had a return on equity of 7.41% and a net margin of 19.78%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.11 EPS. On average, equities analysts expect that Molson Coors Brewing will post $4.31 earnings per share for the current fiscal year.

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In related news, CEO Gavin Hattersley sold 17,215 shares of Molson Coors Brewing stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $91.90, for a total value of $1,582,058.50. Following the sale, the chief executive officer now owns 99,217 shares of the company’s stock, valued at approximately $9,118,042.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.76% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of Molson Coors Brewing by 3,905.7% during the 1st quarter. BlackRock Inc. now owns 10,676,010 shares of the company’s stock worth $1,021,799,000 after purchasing an additional 10,409,488 shares during the last quarter. Independent Franchise Partners LLP acquired a new position in shares of Molson Coors Brewing during the 2nd quarter worth approximately $444,131,000. Maverick Capital Ltd. acquired a new position in shares of Molson Coors Brewing during the 2nd quarter worth approximately $438,738,000. JPMorgan Chase & Co. increased its position in shares of Molson Coors Brewing by 33.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 16,058,334 shares of the company’s stock worth $1,386,476,000 after purchasing an additional 4,001,480 shares during the last quarter. Finally, Lazard Asset Management LLC increased its position in shares of Molson Coors Brewing by 33.0% during the 2nd quarter. Lazard Asset Management LLC now owns 10,538,919 shares of the company’s stock worth $909,928,000 after purchasing an additional 2,616,561 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Molson Coors Brewing Company Profile

Molson Coors Brewing Company (MCBC) is a holding company. The Company operates as a brewer. The Company’s segments include MillerCoors LLC (United States segment), operating in the United States; Molson Coors Canada (Canada segment), operating in Canada; Molson Coors Europe (Europe segment), operating in Bulgaria, Croatia, Czech Republic, Hungary, Montenegro, Republic of Ireland, Romania, Serbia, the United Kingdom and various other European countries; Molson Coors International (Molson Coors International segment), operating in various other countries, and Corporate.

Analyst Recommendations for Molson Coors Brewing  (NYSE:TAP)

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