Molson Coors Brewing Co (NYSE:TAP) Given Consensus Rating of “Hold” by Analysts

Shares of Molson Coors Brewing Co (NYSE:TAP) have received an average rating of “Hold” from the thirteen analysts that are presently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $63.33.

A number of brokerages have recently weighed in on TAP. Credit Suisse Group began coverage on Molson Coors Brewing in a research report on Monday, June 10th. They set an “underperform” rating and a $50.00 price objective for the company. ValuEngine lowered Molson Coors Brewing from a “sell” rating to a “strong sell” rating in a research report on Wednesday. BMO Capital Markets raised their price objective on Molson Coors Brewing to $65.00 in a research report on Thursday, August 1st. Bryan, Garnier & Co restated a “sell” rating and set a $51.00 price objective on shares of Molson Coors Brewing in a research report on Thursday, August 1st. Finally, Bank of America lowered Molson Coors Brewing from a “buy” rating to an “underperform” rating in a research report on Monday, July 15th.

Shares of Molson Coors Brewing stock traded up $0.08 during trading on Thursday, reaching $56.46. 25,778 shares of the stock traded hands, compared to its average volume of 1,686,792. The company has a market capitalization of $12.25 billion, a price-to-earnings ratio of 11.21, a P/E/G ratio of 2.35 and a beta of 0.76. The business has a fifty day simple moving average of $52.74 and a two-hundred day simple moving average of $57.01. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.64 and a quick ratio of 0.47. Molson Coors Brewing has a 52-week low of $49.92 and a 52-week high of $67.62.

Molson Coors Brewing (NYSE:TAP) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $1.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.65 by ($0.13). The firm had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $3.03 billion. Molson Coors Brewing had a net margin of 6.85% and a return on equity of 7.33%. The company’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.88 EPS. On average, research analysts predict that Molson Coors Brewing will post 4.36 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a $0.57 dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $2.28 annualized dividend and a yield of 4.04%. This is a positive change from Molson Coors Brewing’s previous quarterly dividend of $0.41. Molson Coors Brewing’s dividend payout ratio (DPR) is currently 45.24%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TAP. Geode Capital Management LLC grew its position in Molson Coors Brewing by 8.3% in the fourth quarter. Geode Capital Management LLC now owns 2,550,361 shares of the company’s stock worth $142,989,000 after acquiring an additional 194,378 shares in the last quarter. Janney Montgomery Scott LLC grew its position in Molson Coors Brewing by 6.3% in the first quarter. Janney Montgomery Scott LLC now owns 6,430 shares of the company’s stock worth $384,000 after acquiring an additional 382 shares in the last quarter. Janus Henderson Group PLC grew its position in Molson Coors Brewing by 155.5% in the first quarter. Janus Henderson Group PLC now owns 107,272 shares of the company’s stock worth $6,399,000 after acquiring an additional 65,292 shares in the last quarter. Comerica Bank grew its position in Molson Coors Brewing by 48.0% in the first quarter. Comerica Bank now owns 68,860 shares of the company’s stock worth $4,090,000 after acquiring an additional 22,336 shares in the last quarter. Finally, Bbva Compass Bancshares Inc. grew its position in Molson Coors Brewing by 4.3% in the first quarter. Bbva Compass Bancshares Inc. now owns 5,598 shares of the company’s stock worth $334,000 after acquiring an additional 229 shares in the last quarter. Institutional investors own 76.27% of the company’s stock.

Molson Coors Brewing Company Profile

Molson Coors Brewing Company manufactures, markets, and sells beer and other malt beverage products in the United States, Canada, Europe, and internationally. The company sells various products under the Blue Moon, Coors Banquet, Coors Light, Miller Genuine Draft, Miller Lite, Hamm's, Icehouse, Keystone, Mickey's, Miller64, Miller High Life, Milwaukee's Best, Olde English, Steel Reserve, Grolsch, Hop Valley, Leinenkugel's, Peroni Nastro Azurro, Pilsner Urquell, Revolver, Saint Archer, Sol, Terrapin, Crispin, Smith & Forge, Arnold Palmer Spiked, Henry's Hard, Redd's, and Steel Reserve Alloy Series brands.

See Also: Gross Domestic Product (GDP)

Analyst Recommendations for Molson Coors Brewing (NYSE:TAP)

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