Molson Coors Brewing Co (NYSE:TAP) Chairman Peter H. Coors sold 55,603 shares of the business’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $85.01, for a total transaction of $4,726,811.03. Following the completion of the sale, the chairman now directly owns 319,222 shares of the company’s stock, valued at $27,137,062.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Molson Coors Brewing Co (NYSE:TAP) traded down $1.43 during trading hours on Friday, hitting $83.25. 1,719,500 shares of the stock were exchanged, compared to its average volume of 1,350,567. Molson Coors Brewing Co has a 1-year low of $76.25 and a 1-year high of $102.14. 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 stock has a market capitalization of $19,270.00, a PE ratio of 8.02, a price-to-earnings-growth ratio of 2.19 and a beta of 0.83.

Molson Coors Brewing (NYSE:TAP) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $1.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.34. Molson Coors Brewing had a net margin of 17.04% and a return on equity of 7.54%. The business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.97 billion. During the same period in the previous year, the business posted $1.03 earnings per share. The business’s revenue was up 204.3% compared to the same quarter last year. equities research analysts forecast that Molson Coors Brewing Co will post 4.33 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the company. Dupont Capital Management Corp acquired a new position in shares of Molson Coors Brewing during the third quarter worth about $103,000. Krilogy Financial LLC increased its stake in shares of Molson Coors Brewing by 4,646.4% during the second quarter. Krilogy Financial LLC now owns 1,329 shares of the company’s stock worth $115,000 after acquiring an additional 1,301 shares during the period. Sun Life Financial INC increased its stake in shares of Molson Coors Brewing by 14,900.0% during the second quarter. Sun Life Financial INC now owns 1,350 shares of the company’s stock worth $117,000 after acquiring an additional 1,341 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of Molson Coors Brewing during the third quarter worth about $138,000. Finally, Advisor Group Inc. increased its stake in shares of Molson Coors Brewing by 48.9% during the third quarter. Advisor Group Inc. now owns 2,598 shares of the company’s stock worth $213,000 after acquiring an additional 853 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

A number of equities research analysts recently weighed in on TAP shares. Susquehanna Bancshares reissued a “buy” rating and issued a $108.00 price target (down from $118.00) on shares of Molson Coors Brewing in a research report on Friday, September 22nd. Cowen reissued a “hold” rating and issued a $96.00 price target on shares of Molson Coors Brewing in a research report on Thursday, September 28th. Credit Suisse Group set a $92.00 price target on shares of Molson Coors Brewing and gave the company a “hold” rating in a research report on Friday, September 29th. Zacks Investment Research raised shares of Molson Coors Brewing from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, Berenberg Bank reaffirmed a “sell” rating and issued a $76.00 target price on shares of Molson Coors Brewing in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $96.94.

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About Molson Coors Brewing

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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