Shares of Molson Coors Brewing Company (NYSE:TAP) have earned a consensus rating of “Hold” from the thirteen research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $111.11.
A number of research firms have recently weighed in on TAP. Cowen and Company reaffirmed a “hold” rating and issued a $96.00 price objective on shares of Molson Coors Brewing in a research note on Friday, July 14th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $111.00 price objective on shares of Molson Coors Brewing in a research note on Friday, July 14th. BidaskClub downgraded Molson Coors Brewing from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 22nd. UBS AG restated a “neutral” rating and set a $96.00 price objective (down from $100.00) on shares of Molson Coors Brewing in a research report on Friday, June 9th. Finally, Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $117.00 price target (up from $114.00) on shares of Molson Coors Brewing in a report on Wednesday, June 7th.
Hedge funds have recently made changes to their positions in the stock. Bessemer Group Inc. boosted its stake in shares of Molson Coors Brewing by 12.8% in the second quarter. Bessemer Group Inc. now owns 1,230 shares of the company’s stock valued at $106,000 after buying an additional 140 shares during the period. Accuvest Global Advisors boosted its stake in shares of Molson Coors Brewing by 23.8% in the second quarter. Accuvest Global Advisors now owns 5,854 shares of the company’s stock valued at $505,000 after buying an additional 1,124 shares during the period. Cambiar Investors LLC bought a new stake in shares of Molson Coors Brewing during the second quarter valued at about $39,068,000. CAPROCK Group Inc. bought a new stake in shares of Molson Coors Brewing during the second quarter valued at about $320,000. Finally, Palouse Capital Management Inc. bought a new stake in shares of Molson Coors Brewing during the second quarter valued at about $2,008,000. 76.38% of the stock is currently owned by institutional investors and hedge funds.
Shares of Molson Coors Brewing (TAP) opened at 89.11 on Monday. The stock has a 50 day moving average of $87.24 and a 200 day moving average of $93.94. Molson Coors Brewing has a 12-month low of $85.34 and a 12-month high of $112.19. The company has a market cap of $19.18 billion, a price-to-earnings ratio of 9.57 and a beta of 0.91.
Molson Coors Brewing (NYSE:TAP) last released its quarterly earnings results on Wednesday, May 3rd. The company reported $0.76 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by $0.55. Molson Coors Brewing had a net margin of 23.53% and a return on equity of 6.73%. The company had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same period in the prior year, the firm posted $0.54 EPS. The business’s revenue for the quarter was up 278.7% on a year-over-year basis. On average, equities analysts expect that Molson Coors Brewing will post $6.49 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $1.64 annualized dividend and a yield of 1.84%. Molson Coors Brewing ‘s dividend payout ratio (DPR) is presently 17.60%.
Molson Coors Brewing Company Profile
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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