Daily Ratings & News for Molson Coors Brewing Co

Beau’s CEO Steve Beauchesne started the Ontario craft brewery in 2006 with his father Tim Beauchesne

Beau’s CEO Steve Beauchesne started the Ontario craft brewery in 2006 with his father Tim Beauchesne

Shares of Molson Coors Brewing Company (NYSE:TAP) dropped -0.55% to $92.52. The fund acquired 4,777 shares of the company's stock, valued at approximately $457,000.

Several hedge funds and other institutional investors have recently made changes to their positions in TAP. After $0.76 actual EPS reported by Molson Coors Brewing Co for the previous quarter, Wall Street now forecasts 176.32 % EPS growth. The stock price has recently touched $94.20 which has caused investors to take a second look at company shares. Clarivest Asset Ltd Liability has 0.8% invested in Molson Coors Brewing Co (NYSE:TAP) for 306,707 shares. Rothschild Asset Management Inc. now owns 4,489 shares of the company's stock valued at $493,000 after buying an additional 335 shares in the last quarter. Molson Coors Brewing Co (NYSE:TAP) has risen 6.00% since April 17, 2017 and is uptrending. Highlander Capital Management LLC now owns 1,300 shares of the company's stock worth $143,000 after buying an additional 300 shares in the last quarter. Commerce Bank bought a new stake in shares of Molson Coors Brewing during the first quarter worth about $254,000. Advisors Asset Management Inc. now owns 21,516 shares of the company's stock worth $2,362,000 after buying an additional 10,445 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Molson Coors Brewing by 29.5% in the first quarter. LMR Partners LLP now owns 50,157 shares of the company's stock worth $5,508,000 after buying an additional 45,037 shares during the period. Susquehanna Bancshares Inc set a $140.00 price objective on shares of Molson Coors Brewing and gave the company a "buy" rating in a report on Monday, March 20th. Asset Management One Co has 0.08% invested in Molson Coors Brewing Co (NYSE:TAP). The stock has a market cap of $20.26 billion, a price-to-earnings ratio of 10.11 and a beta of 0.95.

Molson Coors Brewing Co (NYSE:TAP) traded up 1.74% during midday trading on Friday, reaching $94.13. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road. So is with Molson Coors Brewing Company. The business had revenue of $2.49 billion for the quarter, compared to analysts' expectations of $2.46 billion. During the same period a year ago, the company posted $0.54 earnings per share.

With these kinds of figures it is worthy to note that Molson Coors Brewing Company (TAP) has been put into a neutral territory, but there are few other spots to consider. Hightower Lc owns 0.01% invested in Molson Coors Brewing Co (NYSE:TAP) for 7,071 shares. Stockholders of record on Wednesday, May 31st will be paid a dividend of 0.41 per share on Thursday, June 15th. The ex-dividend date is Friday, May 26th. Molson Coors Brewing presently has a consensus rating of "Buy" and a consensus target price of $114.47.

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First Eagle Investment Management Llc increased Molson Coors Brewing Co (TAP) stake by 91.32% reported in 2016Q4 SEC filing. The median target of analyst views collected by Yahoo Finance was as much as $20.48 below TAP's recent stock price. Finally, Credit Suisse Group AG started coverage on Molson Coors Brewing in a report on Monday, January 23rd. They now have a Dollars 106 price target on the stock. Consensus earnings estimates are far from ideal, but they are watched by many investors and play an important role in measuring the appropriate valuation for a stock. Zacks Investment Research upgraded Molson Coors Brewing from a "strong sell" rating to a "hold" rating in a report on Monday, February 20th. Susquehanna maintained it with "Positive" rating and $126 target in Wednesday, March 16 report. Bancorp Of Nova Scotia invested 0% in Molson Coors Brewing Co (NYSE:TAP). They set a "neutral" rating and a $105.00 price target on the stock. Societe Generale lowered Molson Coors Brewing from a "buy" rating to a "hold" rating and cut their price target for the stock from $118.00 to $98.00 in a research note on Thursday, May 4th.

In other news, VP Brian Tabolt sold 1,806 shares of the company's stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $98.13, for a total transaction of $177,222.78. Following the sale, the vice president now directly owns 4,231 shares of the company's stock, valued at approximately $415,188.03. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.