Molson Coors Brewing Co (NYSE:TAP) CEO Simon Cox sold 203 shares of Molson Coors Brewing stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $80.68, for a total value of $16,378.04. Following the completion of the transaction, the chief executive officer now owns 21,495 shares of the company’s stock, valued at approximately $1,734,216.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Molson Coors Brewing Co (TAP) traded up $0.21 during trading on Friday, hitting $78.66. 1,345,152 shares of the stock traded hands, compared to its average volume of 1,709,986. The company has a quick ratio of 0.47, a current ratio of 0.64 and a debt-to-equity ratio of 0.79. Molson Coors Brewing Co has a 1 year low of $72.71 and a 1 year high of $101.17. The company has a market capitalization of $16,943.37, a P/E ratio of 12.23, a PEG ratio of 1.74 and a beta of 0.79.
Molson Coors Brewing (NYSE:TAP) last issued its quarterly earnings data on Wednesday, February 14th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.06. The company had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.60 billion. Molson Coors Brewing had a net margin of 10.34% and a return on equity of 7.55%. Molson Coors Brewing’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.47 earnings per share. research analysts expect that Molson Coors Brewing Co will post 5.16 earnings per share for the current year.
The firm also recently disclosed a dividend, which will be paid on Thursday, March 15th. Investors of record on Monday, March 5th will be paid a $0.41 dividend. The ex-dividend date is Friday, March 2nd. Molson Coors Brewing’s dividend payout ratio (DPR) is 25.51%.
Several research analysts recently commented on TAP shares. Stifel Nicolaus reiterated a “buy” rating and issued a $112.00 price target on shares of Molson Coors Brewing in a research report on Friday, February 2nd. Susquehanna Bancshares set a $107.00 price target on Molson Coors Brewing and gave the stock a “buy” rating in a research report on Monday, February 12th. Zacks Investment Research upgraded Molson Coors Brewing from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a research report on Tuesday, January 2nd. Deutsche Bank initiated coverage on Molson Coors Brewing in a research report on Wednesday, December 13th. They set a “buy” rating and a $89.00 target price for the company. Finally, Citigroup dropped their target price on Molson Coors Brewing from $106.00 to $102.00 and set a “buy” rating for the company in a research report on Friday, November 3rd. Eight equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $96.88.
A number of large investors have recently modified their holdings of the stock. Valeo Financial Advisors LLC raised its stake in Molson Coors Brewing by 58.2% in the fourth quarter. Valeo Financial Advisors LLC now owns 1,864 shares of the company’s stock worth $153,000 after buying an additional 686 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in Molson Coors Brewing by 1.0% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 73,757 shares of the company’s stock worth $6,053,000 after buying an additional 748 shares in the last quarter. Citizens Financial Group Inc. RI raised its stake in Molson Coors Brewing by 37.3% in the third quarter. Citizens Financial Group Inc. RI now owns 2,899 shares of the company’s stock worth $237,000 after buying an additional 787 shares in the last quarter. Advisor Partners LLC raised its stake in Molson Coors Brewing by 28.5% in the fourth quarter. Advisor Partners LLC now owns 3,811 shares of the company’s stock worth $319,000 after buying an additional 846 shares in the last quarter. Finally, Advisor Group Inc. raised its stake in Molson Coors Brewing by 48.9% in the third quarter. Advisor Group Inc. now owns 2,598 shares of the company’s stock worth $213,000 after buying an additional 853 shares in the last quarter. 77.05% of the stock is owned by 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.
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