Yet Another Research Firm has Initiated Coverage on Molson Coors Brewing (NYSE:TAP)

September 8, 2018 - By Margaret Guttierez

Molson Coors Brewing Company (NYSE:TAP) Logo

Investors 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.

Ledyard Comml Bank invested in 1,355 shares or 0.01% of the stock. Clarivest Asset Mgmt Ltd Com holds 0% or 7 shares in its portfolio. Northwestern Mutual Wealth Mgmt invested 0% in Molson Coors Brewing Company (NYSE:TAP). State Treasurer State Of Michigan has 0.03% invested in Molson Coors Brewing Company (NYSE:TAP). Davenport & Ltd Limited Liability Company has 3,661 shares. Tarbox Family Office Inc, California-based fund reported 111 shares. Peak6 Invs Lp has 0.02% invested in Molson Coors Brewing Company (NYSE:TAP). Raymond James & holds 0.01% of its portfolio in Molson Coors Brewing Company (NYSE:TAP) for 64,147 shares. New Jersey Better Educational Savings Trust reported 7,000 shares. Insight 2811 Incorporated accumulated 17,400 shares. First Personal Financial Svcs invested 0.32% of its portfolio in Molson Coors Brewing Company (NYSE:TAP). Dynamic Management Limited holds 0.5% or 2,699 shares. Moreover, Clinton Group has 0.15% invested in Molson Coors Brewing Company (NYSE:TAP) for 18,434 shares. Naples Global Advisors Limited Com holds 0.35% in Molson Coors Brewing Company (NYSE:TAP) or 15,726 shares. Northern Trust Corp holds 0.05% or 2.31M shares in its portfolio.

Since May 1, 2018, it had 0 insider purchases, and 2 sales for $311,661 activity. The insider Hunter Mark sold 2,070 shares worth $126,800.

How Jefferies Currently Rates Molson Coors Brewing (NYSE:TAP)

New York: Molson Coors Brewing (NYSE:TAP) coverage was initiated with a “Underperform” rating by equity research analysts at Jefferies. This was shared with investors in an analyst report on 7 September.

Molson Coors Brewing Company (NYSE:TAP) Ratings Coverage

Among 7 analysts covering Molson Coors (NYSE:TAP), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Molson Coors has $10000 highest and $69 lowest target. $77.86’s average target is 22.08% above currents $63.78 stock price. Molson Coors had 13 analyst reports since March 22, 2018 according to SRatingsIntel. Goldman Sachs downgraded the stock to “Hold” rating in Tuesday, April 17 report. As per Thursday, May 3, the company rating was maintained by Stifel Nicolaus. The company was maintained on Wednesday, April 18 by Stifel Nicolaus. The rating was maintained by Citigroup with “Buy” on Friday, May 4. Stifel Nicolaus downgraded Molson Coors Brewing Company (NYSE:TAP) on Thursday, May 17 to “Hold” rating. As per Thursday, March 22, the company rating was maintained by Susquehanna. Deutsche Bank maintained Molson Coors Brewing Company (NYSE:TAP) rating on Thursday, May 3. Deutsche Bank has “Buy” rating and $70 target. The firm earned “Buy” rating on Thursday, April 5 by Citigroup. The rating was maintained by Citigroup on Monday, August 27 with “Buy”. The company was maintained on Thursday, August 2 by Susquehanna.

The stock decreased 3.96% or $2.63 during the last trading session, reaching $63.78. About 2.55M shares traded or 11.03% up from the average. Molson Coors Brewing Company (NYSE:TAP) has declined 35.10% since September 8, 2017 and is downtrending. It has underperformed by 47.67% the S&P500.

Analysts await Molson Coors Brewing Company (NYSE:TAP) to report earnings on November, 7. They expect $1.61 EPS, up 20.15 % or $0.27 from last year’s $1.34 per share. TAP’s profit will be $347.42 million for 9.90 P/E if the $1.61 EPS becomes a reality. After $1.88 actual EPS reported by Molson Coors Brewing Company for the previous quarter, Wall Street now forecasts -14.36 % negative EPS growth.

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 $13.76 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 8.77 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: Investorplace.com which released: “Now Is Almost Certainly the Best Time to Dump Cronos Stock” on September 05, 2018, also Bizjournals.com with their article: “MillerCoors to eliminate 350 jobs as part of ‘restructuring plan'” published on September 05, 2018, Fool.com published: “Here’s What Makes Constellation Brands’ Tie-Up With Canopy Growth Corp. So Unique” on August 31, 2018. More interesting news about Molson Coors Brewing Company (NYSE:TAP) were released by: Seekingalpha.com and their article: “The Cisco Of Pot” published on August 27, 2018 as well as Fool.com‘s news article titled: “Why Big Beer Stocks Are Struggling” with publication date: September 02, 2018.

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

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