Molson Coors Brewing Company (TAP) Receives “Sell” Rating from Berenberg Bank

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

TAP has been the subject of a number of other research reports. Cowen and Company reissued a hold rating and set a $96.00 target price on shares of Molson Coors Brewing in a report on Friday, July 14th. Susquehanna Bancshares Inc set a $118.00 price target on Molson Coors Brewing and gave the company a buy rating in a research note on Tuesday, August 29th. Credit Suisse Group set a $96.00 price target on Molson Coors Brewing and gave the company a hold rating in a research note on Thursday, August 3rd. Zacks Investment Research downgraded Molson Coors Brewing from a hold rating to a sell rating in a research note on Tuesday, October 10th. Finally, UBS Group AG (USA) reaffirmed a neutral rating and issued a $98.00 price target (up previously from $96.00) on shares of Molson Coors Brewing in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Molson Coors Brewing has a consensus rating of Hold and an average target price of $98.92.

Molson Coors Brewing (NYSE TAP) traded up $0.68 on Friday, hitting $79.76. The stock had a trading volume of 1,290,000 shares, compared to its average volume of 1,590,000. Molson Coors Brewing has a 12 month low of $78.10 and a 12 month high of $106.35. The company has a quick ratio of 0.56, a current ratio of 0.69 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $18,370.00, a P/E ratio of 18.74, a P/E/G ratio of 2.36 and a beta of 0.86.

Molson Coors Brewing (NYSE:TAP) last posted its earnings results on Wednesday, November 1st. The company reported $1.34 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.34. Molson Coors Brewing had a return on equity of 7.54% and a net margin of 17.04%. The company had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.97 billion. During the same quarter last year, the firm earned $1.03 earnings per share. The company’s revenue was up 204.3% on a year-over-year basis. sell-side analysts expect that Molson Coors Brewing will post 4.32 EPS for the current year.

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Institutional investors have recently added to or reduced their stakes in the business. Baker Ellis Asset Management LLC grew its position in Molson Coors Brewing by 4.9% in the third quarter. Baker Ellis Asset Management LLC now owns 35,086 shares of the company’s stock valued at $2,864,000 after acquiring an additional 1,650 shares during the last quarter. State of New Jersey Common Pension Fund D bought a new stake in shares of Molson Coors Brewing during the third quarter worth about $24,492,000. Strs Ohio grew its holdings in shares of Molson Coors Brewing by 6.4% during the third quarter. Strs Ohio now owns 605,977 shares of the company’s stock worth $49,471,000 after purchasing an additional 36,604 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Molson Coors Brewing by 26.3% during the second quarter. Wells Fargo & Company MN now owns 2,581,382 shares of the company’s stock worth $222,877,000 after purchasing an additional 537,767 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Molson Coors Brewing by 1.3% during the second quarter. Principal Financial Group Inc. now owns 279,587 shares of the company’s stock worth $24,140,000 after purchasing an additional 3,476 shares during the last quarter. Hedge funds and other institutional investors own 79.01% of the company’s stock.

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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