Molson Coors Brewing Company (NYSE:TAP) Earns “Sell” Rating from Berenberg Bank

Berenberg Bank reaffirmed their sell rating on shares of Molson Coors Brewing Company (NYSE:TAP) in a research report released on Friday, November 3rd. Berenberg Bank currently has a $76.00 price target on the stock.

Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Molson Coors Brewing from a hold rating to a strong sell rating in a research report on Tuesday, August 8th. Stifel Nicolaus reiterated a buy rating and set a $111.00 target price on shares of Molson Coors Brewing in a research report on Friday, July 14th. Cowen and Company reiterated a hold rating and set a $96.00 target price on shares of Molson Coors Brewing in a research report on Thursday, September 28th. BidaskClub upgraded shares of Molson Coors Brewing from a sell rating to a hold rating in a research report on Saturday, August 26th. Finally, UBS AG reiterated a neutral rating and set a $98.00 target price (up previously from $96.00) on shares of Molson Coors Brewing in a research report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, seven have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Molson Coors Brewing presently has a consensus rating of Hold and an average target price of $98.92.

Molson Coors Brewing (NYSE:TAP) traded up $0.22 during trading hours on Friday, hitting $79.54. 1,473,172 shares of the stock were exchanged, compared to its average volume of 1,608,869. The company has a market cap of $18,330.00, a P/E ratio of 18.77, a price-to-earnings-growth ratio of 2.32 and a beta of 0.86. Molson Coors Brewing has a one year low of $78.10 and a one year high of $102.14. The company has a quick ratio of 0.54, a current ratio of 0.69 and a debt-to-equity ratio of 0.83.

Molson Coors Brewing (NYSE:TAP) last released its quarterly earnings data on Wednesday, November 1st. The company reported $1.34 EPS for the quarter, hitting analysts’ consensus estimates of $1.34. The company had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.97 billion. Molson Coors Brewing had a net margin of 17.04% and a return on equity of 7.54%. The firm’s revenue for the quarter was up 204.3% compared to the same quarter last year. During the same period last year, the firm earned $1.03 EPS. equities research analysts predict that Molson Coors Brewing will post 4.34 earnings per share for the current fiscal year.

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The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Wednesday, November 29th. Molson Coors Brewing ‘s dividend payout ratio is 15.80%.

Several large investors have recently modified their holdings of TAP. Xact Kapitalforvaltning AB grew its position in shares of Molson Coors Brewing by 4.9% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 14,926 shares of the company’s stock worth $1,289,000 after buying an additional 701 shares during the period. BKD Wealth Advisors LLC boosted its stake in Molson Coors Brewing by 89.2% during the 2nd quarter. BKD Wealth Advisors LLC now owns 5,196 shares of the company’s stock worth $449,000 after acquiring an additional 2,449 shares during the last quarter. Atria Investments LLC boosted its stake in Molson Coors Brewing by 2.7% during the 2nd quarter. Atria Investments LLC now owns 2,843 shares of the company’s stock worth $245,000 after acquiring an additional 74 shares during the last quarter. Bank of Montreal Can boosted its stake in Molson Coors Brewing by 115.6% during the 2nd quarter. Bank of Montreal Can now owns 944,878 shares of the company’s stock worth $81,581,000 after acquiring an additional 506,550 shares during the last quarter. Finally, Creative Planning boosted its stake in Molson Coors Brewing by 14.2% during the 2nd quarter. Creative Planning now owns 4,674 shares of the company’s stock worth $404,000 after acquiring an additional 581 shares during the last quarter. Institutional investors own 76.51% of the company’s stock.

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.

Analyst Recommendations for Molson Coors Brewing  (NYSE:TAP)

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