Molson Coors Brewing (TAP) Earning Somewhat Negative Media Coverage, Analysis Finds

Media coverage about Molson Coors Brewing (NYSE:TAP) has trended somewhat negative recently, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Molson Coors Brewing earned a media sentiment score of 0.00 on Accern’s scale. Accern also gave press coverage about the company an impact score of 46.8097640659595 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the news stories that may have effected Accern’s scoring:

A number of equities analysts have recently commented on TAP shares. Berenberg Bank started coverage on shares of Molson Coors Brewing in a report on Wednesday, September 13th. They issued a “sell” rating and a $78.00 target price on the stock. Susquehanna Bancshares reaffirmed a “buy” rating and issued a $108.00 target price (down from $118.00) on shares of Molson Coors Brewing in a report on Friday, September 22nd. Cowen reaffirmed a “hold” rating and issued a $96.00 target price on shares of Molson Coors Brewing in a report on Thursday, September 28th. Credit Suisse Group set a $92.00 target price on shares of Molson Coors Brewing and gave the company a “hold” rating in a report on Friday, September 29th. Finally, Zacks Investment Research raised shares of Molson Coors Brewing from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $96.94.

Shares of Molson Coors Brewing (NYSE:TAP) traded up $1.58 on Wednesday, reaching $85.21. 1,760,300 shares of the company’s stock traded hands, compared to its average volume of 1,230,000. The company has a quick ratio of 0.54, a current ratio of 0.69 and a debt-to-equity ratio of 0.83. The firm has a market cap of $19,710.00, a PE ratio of 8.21, a P/E/G ratio of 2.13 and a beta of 0.83. Molson Coors Brewing has a 12 month low of $76.25 and a 12 month high of $102.14.

Molson Coors Brewing (NYSE:TAP) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $1.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.34. Molson Coors Brewing had a net margin of 17.04% and a return on equity of 7.54%. The company had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.97 billion. During the same period in the previous year, the company posted $1.03 EPS. Molson Coors Brewing’s revenue was up 204.3% compared to the same quarter last year. sell-side analysts anticipate that Molson Coors Brewing will post 4.35 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.92%. Molson Coors Brewing’s dividend payout ratio (DPR) is presently 15.80%.

In other news, CFO Tracey Joubert sold 1,000 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $79.15, for a total transaction of $79,150.00. Following the transaction, the chief financial officer now directly owns 22,839 shares of the company’s stock, valued at approximately $1,807,706.85. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.76% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Molson Coors Brewing (NYSE:TAP)

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