Molson Coors Brewing Co (NYSE:TAP) insider Krishnan Anand sold 2,595 shares of the stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $64.75, for a total value of $168,026.25. Following the sale, the insider now owns 49,946 shares of the company’s stock, valued at approximately $3,234,003.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Krishnan Anand also recently made the following trade(s):

  • On Thursday, November 1st, Krishnan Anand sold 2,595 shares of Molson Coors Brewing stock. The shares were sold at an average price of $64.81, for a total value of $168,181.95.
  • On Monday, October 1st, Krishnan Anand sold 2,595 shares of Molson Coors Brewing stock. The shares were sold at an average price of $61.42, for a total value of $159,384.90.

Shares of TAP stock opened at $64.46 on Friday. The firm has a market capitalization of $14.00 billion, a P/E ratio of 14.42, a PEG ratio of 2.88 and a beta of 0.58. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.64. Molson Coors Brewing Co has a 1 year low of $55.52 and a 1 year high of $85.86.

Molson Coors Brewing (NYSE:TAP) last issued its earnings results on Wednesday, October 31st. The company reported $1.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.25. The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.92 billion. Molson Coors Brewing had a return on equity of 7.58% and a net margin of 12.05%. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the business posted $1.34 EPS. Analysts forecast that Molson Coors Brewing Co will post 4.97 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 30th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.64 dividend on an annualized basis and a yield of 2.54%. Molson Coors Brewing’s dividend payout ratio (DPR) is 36.69%.

Several analysts have recently commented on TAP shares. Citigroup decreased their price objective on Molson Coors Brewing from $80.00 to $78.00 and set a “buy” rating for the company in a report on Monday, August 27th. Jefferies Financial Group started coverage on Molson Coors Brewing in a report on Friday, September 7th. They set an “underperform” rating and a $55.00 price objective for the company. Berenberg Bank set a $67.00 price objective on Molson Coors Brewing and gave the company a “hold” rating in a report on Tuesday, September 11th. Guggenheim started coverage on Molson Coors Brewing in a report on Thursday, September 13th. They set a “neutral” rating and a $66.00 price objective for the company. Finally, Zacks Investment Research lowered Molson Coors Brewing from a “buy” rating to a “hold” rating in a report on Thursday, October 4th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. Molson Coors Brewing currently has a consensus rating of “Hold” and an average target price of $75.36.

A number of hedge funds have recently modified their holdings of the stock. Truvestments Capital LLC acquired a new stake in Molson Coors Brewing during the 3rd quarter worth about $105,000. TLP Group LLC acquired a new stake in Molson Coors Brewing during the 3rd quarter worth about $124,000. National Asset Management Inc. acquired a new stake in Molson Coors Brewing during the 3rd quarter worth about $206,000. Verity Asset Management Inc. acquired a new stake in Molson Coors Brewing during the 3rd quarter worth about $207,000. Finally, Global Endowment Management LP acquired a new stake in Molson Coors Brewing during the 3rd quarter worth about $209,000. Institutional investors own 76.13% of the company’s stock.

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About Molson Coors Brewing

Molson Coors Brewing Company manufactures and sells beer and other beverage products in the United States, Canada, Europe, and internationally. 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, Mickey's, Miller 64, Miller Genuine Draft, Miller High Life, Milwaukee's Best, Hamm's, Olde English 800, Steel Reserve, Crispin, Smith & Forge, Redd's, the Henry's Hard Soda, and Steel Reserve Alloy Series brands.

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Insider Buying and Selling by Quarter for Molson Coors Brewing (NYSE:TAP)

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