UBS AG Reaffirms “Neutral” Rating for Molson Coors Brewing Company (TAP)

UBS AG reaffirmed their neutral rating on shares of Molson Coors Brewing Company (NYSE:TAP) in a research report sent to investors on Wednesday, August 9th, www.flashratings.com reports. UBS AG currently has a $98.00 price objective on the stock, up from their prior price objective of $96.00.

A number of other equities analysts also recently commented on the company. BidaskClub downgraded Molson Coors Brewing from a sell rating to a strong sell rating in a research report on Thursday, June 22nd. Susquehanna Bancshares Inc reiterated a positive rating and set a $117.00 price objective (up previously from $114.00) on shares of Molson Coors Brewing in a research report on Wednesday, June 7th. Cowen and Company downgraded Molson Coors Brewing from an outperform rating to a market perform rating and reduced their price objective for the stock from $120.00 to $105.00 in a research report on Thursday, April 20th. Societe Generale downgraded Molson Coors Brewing from a buy rating to a hold rating and reduced their price objective for the stock from $118.00 to $98.00 in a research report on Thursday, May 4th. Finally, Stifel Nicolaus reiterated a buy rating and set a $111.00 price objective on shares of Molson Coors Brewing in a research report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Molson Coors Brewing presently has a consensus rating of Hold and a consensus price target of $111.60.

Molson Coors Brewing (TAP) opened at 89.74 on Wednesday. The stock has a market capitalization of $19.32 billion, a PE ratio of 8.97 and a beta of 0.91. Molson Coors Brewing has a 12 month low of $85.34 and a 12 month high of $112.19. The firm has a 50-day moving average price of $88.69 and a 200 day moving average price of $93.29.

Molson Coors Brewing (NYSE:TAP) last released its earnings results on Wednesday, August 2nd. The company reported $1.66 earnings per share for the quarter, missing the consensus estimate of $2.04 by $0.38. The firm had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.10 billion. Molson Coors Brewing had a net margin of 19.78% and a return on equity of 7.41%. The business’s revenue was down .6% compared to the same quarter last year. During the same quarter last year, the business earned $1.11 EPS. Equities analysts anticipate that Molson Coors Brewing will post $4.31 earnings per share for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $1.64 annualized dividend and a yield of 1.83%. Molson Coors Brewing ‘s dividend payout ratio (DPR) is 16.38%.

In other Molson Coors Brewing news, CEO Gavin Hattersley sold 17,215 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $91.90, for a total transaction of $1,582,058.50. Following the completion of the sale, the chief executive officer now owns 99,217 shares of the company’s stock, valued at $9,118,042.30. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.53% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of TAP. Shell Asset Management Co. boosted its stake in shares of Molson Coors Brewing by 0.3% in the second quarter. Shell Asset Management Co. now owns 13,852 shares of the company’s stock worth $1,196,000 after buying an additional 37 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Molson Coors Brewing by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,719 shares of the company’s stock worth $1,184,000 after buying an additional 42 shares during the last quarter. Neuberger Berman Group LLC boosted its stake in shares of Molson Coors Brewing by 0.7% in the first quarter. Neuberger Berman Group LLC now owns 6,607 shares of the company’s stock worth $632,000 after buying an additional 44 shares during the last quarter. Whittier Trust Co. boosted its stake in shares of Molson Coors Brewing by 0.9% in the first quarter. Whittier Trust Co. now owns 5,321 shares of the company’s stock worth $509,000 after buying an additional 46 shares during the last quarter. Finally, ING Groep NV boosted its stake in shares of Molson Coors Brewing by 0.6% in the second quarter. ING Groep NV now owns 9,465 shares of the company’s stock worth $817,000 after buying an additional 52 shares during the last quarter. 78.58% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Molson Coors Brewing  (NYSE:TAP)

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