Analysts are on the Bearish side about Molson Coors Brewing Company (NYSE:TAP) this week.

August 9, 2018 - By Jason Dias

Molson Coors Brewing Company (NYSE:TAP) LogoInvestors sentiment increased to 1.39 in 2018 Q1. Its up 0.28, from 1.11 in 2017Q4. It is positive, as 52 investors sold Molson Coors Brewing Company shares while 119 reduced holdings. 75 funds opened positions while 163 raised stakes. 156.05 million shares or 1.86% less from 159.01 million shares in 2017Q4 were reported.
Blackrock reported 12.53M shares. Washington Trust Fincl Bank holds 0% or 400 shares. 2,698 are owned by Texas Yale Cap. Peddock Capital Advisors Ltd Liability Corp holds 0.01% of its portfolio in Molson Coors Brewing Company (NYSE:TAP) for 200 shares. Victory Capital invested in 0.01% or 46,676 shares. Paloma Prns Mgmt has 0.07% invested in Molson Coors Brewing Company (NYSE:TAP) for 56,605 shares. Toronto Dominion Retail Bank invested in 107,775 shares or 0.02% of the stock. Dnb Asset As has invested 0% in Molson Coors Brewing Company (NYSE:TAP). First Republic Inv Management Inc stated it has 6,938 shares. 1,379 are held by Bessemer Group Incorporated. Smithfield Trust Co invested in 1,725 shares or 0.02% of the stock. Pittenger And Anderson Inc invested in 0.1% or 15,775 shares. 19,394 were reported by Huntington Fincl Bank. Champlain Invest Ptnrs Ltd Liability holds 1.21% of its portfolio in Molson Coors Brewing Company (NYSE:TAP) for 1.49M shares. Moody Bancshares Tru Division invested in 0.03% or 8,302 shares.

Since February 20, 2018, it had 0 insider buys, and 3 insider sales for $328,039 activity. Anand Krishnan also sold $184,861 worth of Molson Coors Brewing Company (NYSE:TAP) shares. Cox Simon also sold $16,378 worth of Molson Coors Brewing Company (NYSE:TAP) on Tuesday, February 20.

Molson Coors Brewing Company (NYSE:TAP) Ratings Coverage

Among 8 analysts covering Molson Coors Brewing (NYSE:TAP), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. Molson Coors Brewing had 15 analyst reports since February 12, 2018 according to SRatingsIntel. As per Monday, February 12, the company rating was maintained by Susquehanna. On Monday, February 12 the stock rating was upgraded by Credit Suisse to “Outperform”. As per Tuesday, April 17, the company rating was downgraded by Goldman Sachs. The firm earned “Buy” rating on Thursday, March 22 by Susquehanna. Citigroup maintained the shares of TAP in report on Friday, May 4 with “Buy” rating. The company was maintained on Thursday, April 5 by Citigroup. BMO Capital Markets maintained Molson Coors Brewing Company (NYSE:TAP) on Thursday, May 3 with “Outperform” rating. Morgan Stanley maintained the shares of TAP in report on Thursday, August 2 with “Equal-Weight” rating. The rating was maintained by Susquehanna on Thursday, August 2 with “Positive”. The firm has “Buy” rating given on Thursday, May 3 by Stifel Nicolaus. Below is a list of Molson Coors Brewing Company (NYSE:TAP) latest ratings and price target changes.

02/08/2018 Broker: Susquehanna Old Rating: Positive New Rating: Positive Old Target: $80 New Target: $84 Maintain
02/08/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $69 New Target: $74 Maintain
17/05/2018 Broker: Stifel Nicolaus Old Rating: Buy New Rating: Hold Old Target: $71 Downgrade
04/05/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $88 New Target: $69 Maintain
04/05/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $88 New Target: $74 Maintain
03/05/2018 Broker: Deutsche Bank Old Rating: Buy New Rating: Buy Old Target: $83 New Target: $70 Maintain
03/05/2018 Broker: BMO Capital Markets Old Rating: Outperform New Rating: Outperform Old Target: $95 New Target: $85 Maintain
03/05/2018 Broker: Stifel Nicolaus Old Rating: Buy New Rating: Buy Old Target: $100 New Target: $71 Maintain
18/04/2018 Broker: Stifel Nicolaus Rating: Buy New Target: $100.0000 Maintain
17/04/2018 Broker: Goldman Sachs Rating: Hold New Target: $83.0000 Downgrade

The stock increased 0.35% or $0.23 during the last trading session, reaching $66.81. About 935,821 shares traded. Molson Coors Brewing Company (NYSE:TAP) has declined 35.10% since August 9, 2017 and is downtrending. It has underperformed by 47.67% the S&P500.

Molson Coors Brewing Company manufactures and sells beer and other beverage products in the United States, Canada, Europe, and internationally. The company has market cap of $14.41 billion. It sells various products under the Coors Light, Miller Lite, Coors Banquet, the Blue Moon Brewing Company brands, the Jacob Leinenkugel Brewing Company brands, Keystone, Icehouse, MickeyÂ’s, Miller 64, Miller Genuine Draft, Miller High Life, MilwaukeeÂ’s Best, Hamm's, Olde English 800, Steel Reserve, Crispin, Smith & Forge, Redd's, the HenryÂ’s Hard Soda, and Steel Reserve Alloy Series brands. It has a 9.18 P/E ratio. The firm also offers various brands, including Molson Canadian, Belgian Moon, Carling, Carling Black Label, Creemore Springs, the Granville Island, Mad Jack, the Miller, Molson Canadian 67, Molson Canadian Cider, Molson Dry, Molson Export, Old Style Pilsner, and the Rickard's family of brands.

More notable recent Molson Coors Brewing Company (NYSE:TAP) news were published by: Seekingalpha.com which released: “Molson Coors falls after Q2 earnings” on August 01, 2018, also Bizjournals.com with their article: “MillerCoors starts search for new marketing leader” published on August 08, 2018, Bizjournals.com published: “MillerCoors to cease production of Two Hats after just 6 months amid overall sales struggles” on August 07, 2018. More interesting news about Molson Coors Brewing Company (NYSE:TAP) were released by: Fool.ca and their article: “Here’s 1 Big Chart That Will Make You See Molson Coors Canada Inc. (TSX:TPX.B) in a Totally Different Light” published on August 09, 2018 as well as Benzinga.com‘s news article titled: “Hold Your Beer: Molson Coors Is Getting Into Cannabis” with publication date: August 02, 2018.

Molson Coors Brewing Company (NYSE:TAP) Institutional Positions Chart

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