The Rating of Molson Coors Brewing (TAP) Shares By Stifel Falls. $65.0 is now The TP

May 17, 2018 - By Michael Lara

Molson Coors Brewing Company (NYSE:TAP) Logo

Investors sentiment decreased to 1.11 in 2017 Q4. Its down 0.07, from 1.18 in 2017Q3. It dived, as 62 investors sold Molson Coors Brewing Company shares while 138 reduced holdings. 66 funds opened positions while 156 raised stakes. 159.01 million shares or 1.37% less from 161.22 million shares in 2017Q3 were reported.

Assetmark Inc reported 0% in Molson Coors Brewing Company (NYSE:TAP). Fil accumulated 5.36 million shares or 1.22% of the stock. Conning reported 0.01% in Molson Coors Brewing Company (NYSE:TAP). Kentucky-based Kentucky Retirement Sys Insur Trust Fund has invested 0.07% in Molson Coors Brewing Company (NYSE:TAP). Lloyds Group Public Ltd invested in 1.97% or 2,594 shares. Marshwinds Advisory Co accumulated 4,613 shares. Altrinsic Advsr Lc has 1.81% invested in Molson Coors Brewing Company (NYSE:TAP) for 573,488 shares. Commonwealth Savings Bank Of Australia reported 12,469 shares. First Tru Advisors Lp invested in 222,015 shares. First Allied Advisory Incorporated has invested 0.02% of its portfolio in Molson Coors Brewing Company (NYSE:TAP). Massmutual Trust Fsb Adv holds 32,216 shares or 0.21% of its portfolio. Amica Mutual Ins Company owns 6,782 shares. Globeflex Cap L P has 4,650 shares. South Dakota Invest Council holds 203,550 shares. Glg Prns Ltd Partnership owns 0.03% invested in Molson Coors Brewing Company (NYSE:TAP) for 7,100 shares.

Since January 16, 2018, it had 0 insider buys, and 4 insider sales for $5.05 million activity. The insider Cox Simon sold $16,378. The insider COORS PETER H sold $4.73M. $126,800 worth of stock was sold by Hunter Mark on Wednesday, May 2.

Molson Coors Brewing (TAP) Receives a Downgrade

In an analyst report made public on Thursday morning, Stifeldecided to downgrade shares of Molson Coors Brewing (TAP) from their Buy rating to a Hold. The brokerage firm currently has a $65.0 TP on the stock.

The stock increased 0.12% or $0.07 during the last trading session, reaching $60.18. About 1.73 million shares traded. Molson Coors Brewing Company (TAP) has declined 23.05% since May 17, 2017 and is downtrending. It has underperformed by 34.60% the S&P500.

Analysts await Molson Coors Brewing Company (NYSE:TAP) to report earnings on August, 1. They expect $1.93 EPS, up 16.27 % or $0.27 from last year’s $1.66 per share. TAP’s profit will be $416.53 million for 7.80 P/E if the $1.93 EPS becomes a reality. After $0.48 actual EPS reported by Molson Coors Brewing Company for the previous quarter, Wall Street now forecasts 302.08 % EPS growth.

Molson Coors Brewing Company manufactures and sells beer and other beverage products in the United States, Canada, Europe, and internationally. The company has market cap of $12.99 billion. It sells various products under the Coors Light, Miller Lite, Coors Banquet, the Blue Moon Brewing Company brands, the Jacob Leinenkugel Brewing Company brands, Keystone, Icehouse, MickeyÂ’s, Miller 64, Miller Genuine Draft, Miller High Life, MilwaukeeÂ’s Best, Hamm's, Olde English 800, Steel Reserve, Crispin, Smith & Forge, Redd's, the HenryÂ’s Hard Soda, and Steel Reserve Alloy Series brands. It has a 9.22 P/E ratio. The firm also offers various brands, including Molson Canadian, Belgian Moon, Carling, Carling Black Label, Creemore Springs, the Granville Island, Mad Jack, the Miller, Molson Canadian 67, Molson Canadian Cider, Molson Dry, Molson Export, Old Style Pilsner, and the Rickard's family of brands.

More notable recent Molson Coors Brewing Company (NYSE:TAP) news were published by: Bizjournals.com which released: “MillerCoors’ Zima returns for a limited encore run” on May 14, 2018, also Seekingalpha.com with their article: “Stifel cools on Molson Coors” published on May 17, 2018, Seekingalpha.com published: “Molson Coors On Tap For 35% Upside” on April 18, 2018. More interesting news about Molson Coors Brewing Company (NYSE:TAP) were released by: Benzinga.com and their article: “5 Biggest Price Target Changes For Thursday” published on May 17, 2018 as well as Benzinga.com‘s news article titled: “Ryan Robinson” with publication date: May 17, 2018.

Molson Coors Brewing Company (NYSE:TAP) Institutional Positions Chart

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