Deutsche Bank started coverage on shares of Molson Coors Brewing (NYSE:TAP) in a report issued on Wednesday, MarketBeat Ratings reports. The firm issued a buy rating and a $89.00 price target on the stock.

A number of other equities research analysts also recently weighed in on TAP. BidaskClub upgraded shares of Molson Coors Brewing from a sell rating to a hold rating in a research report on Saturday, August 26th. Susquehanna Bancshares set a $118.00 price target on shares of Molson Coors Brewing and gave the company a buy rating in a research report on Tuesday, August 29th. Berenberg Bank initiated coverage on shares of Molson Coors Brewing in a research report on Wednesday, September 13th. They issued a sell rating and a $78.00 price target for the company. Cowen reiterated a hold rating and issued a $96.00 price target on shares of Molson Coors Brewing in a research report on Thursday, September 28th. Finally, Credit Suisse Group set a $92.00 price objective on shares of Molson Coors Brewing and gave the company a hold rating in a research note on Friday, September 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Molson Coors Brewing currently has an average rating of Hold and a consensus price target of $98.02.

Shares of Molson Coors Brewing (TAP) opened at $79.80 on Wednesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.69 and a quick ratio of 0.54. Molson Coors Brewing has a 1 year low of $76.25 and a 1 year high of $102.14. The firm has a market cap of $17,188.92, a P/E ratio of 18.91, a PEG ratio of 2.34 and a beta of 0.83.

Molson Coors Brewing (NYSE:TAP) last released its quarterly earnings results on Wednesday, November 1st. The company reported $1.34 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.34. Molson Coors Brewing had a net margin of 17.04% and a return on equity of 7.54%. The company had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.97 billion. During the same period in the previous year, the business earned $1.03 earnings per share. The firm’s quarterly revenue was up 204.3% on a year-over-year basis. analysts predict that Molson Coors Brewing will post 4.35 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Thursday, November 30th were paid a $0.41 dividend. The ex-dividend date was Wednesday, November 29th. This represents a $1.64 dividend on an annualized basis and a yield of 2.06%. Molson Coors Brewing’s dividend payout ratio (DPR) is 15.83%.

In related news, CFO Tracey Joubert sold 1,000 shares of Molson Coors Brewing stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $79.15, for a total value of $79,150.00. Following the transaction, the chief financial officer now directly owns 22,839 shares of the company’s stock, valued at $1,807,706.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.76% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Molson Coors Brewing by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,719 shares of the company’s stock worth $1,184,000 after buying an additional 42 shares during the last quarter. Utah Retirement Systems grew its stake in shares of Molson Coors Brewing by 0.3% during the second quarter. Utah Retirement Systems now owns 31,603 shares of the company’s stock worth $2,729,000 after buying an additional 100 shares during the last quarter. State of Tennessee Treasury Department grew its stake in shares of Molson Coors Brewing by 0.3% during the second quarter. State of Tennessee Treasury Department now owns 50,506 shares of the company’s stock worth $4,361,000 after buying an additional 130 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of Molson Coors Brewing by 12.8% during the second quarter. Bessemer Group Inc. now owns 1,230 shares of the company’s stock worth $106,000 after buying an additional 140 shares during the last quarter. Finally, Bahl & Gaynor Inc. grew its stake in shares of Molson Coors Brewing by 6.5% during the second quarter. Bahl & Gaynor Inc. now owns 2,650 shares of the company’s stock worth $258,000 after buying an additional 161 shares during the last quarter. 78.00% of the stock is currently owned by hedge funds and other institutional investors.

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About Molson Coors Brewing

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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