Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Molson Coors Brewing (TAP) Share Price
News headlines about Molson Coors Brewing (NYSE:TAP) have been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Molson Coors Brewing earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned news articles about the company an impact score of 45.9334000660588 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media stories that may have impacted Accern’s rankings:
- Brewery scion Geoff Molson looks to hone his craft with company’s big bet on microbrewing (theglobeandmail.com)
- Longtime festival hall embraces craft beers (lfpress.com)
- Molson Coors Brewing Company (TAP) Expected to Post Quarterly Sales of $2.98 Billion (americanbankingnews.com)
- Top Losers in the Consumer Sector: September 25–29 – Market Realist (marketrealist.com)
- Constellation Brands’ Sales Growth in Fiscal 2Q18: Strong or Not? (marketrealist.com)
Several analysts have issued reports on TAP shares. Susquehanna Bancshares Inc reaffirmed a “buy” rating and set a $108.00 target price (down previously from $118.00) on shares of Molson Coors Brewing in a research report on Friday, September 22nd. Berenberg Bank started coverage on Molson Coors Brewing in a research report on Wednesday, September 13th. They issued a “sell” rating and a $78.00 price objective for the company. BidaskClub raised Molson Coors Brewing from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Credit Suisse Group set a $92.00 price objective on Molson Coors Brewing and gave the stock a “hold” rating in a research report on Friday, September 29th. Finally, Cowen and Company reissued a “hold” rating and issued a $96.00 price objective on shares of Molson Coors Brewing in a research report on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Molson Coors Brewing presently has a consensus rating of “Hold” and an average target price of $105.38.
Molson Coors Brewing (TAP) opened at 83.18 on Friday. The stock has a market cap of $17.91 billion, a price-to-earnings ratio of 8.31 and a beta of 0.88. The company has a 50-day moving average price of $86.49 and a 200-day moving average price of $90.45. Molson Coors Brewing has a 52 week low of $80.92 and a 52 week high of $112.19.
Molson Coors Brewing (NYSE:TAP) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $1.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.04 by ($0.38). Molson Coors Brewing had a net margin of 19.78% and a return on equity of 7.41%. The company had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same quarter in the prior year, the company earned $1.11 EPS. The business’s revenue was down .6% on a year-over-year basis. Equities research analysts anticipate that Molson Coors Brewing will post $4.31 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were paid a $0.41 dividend. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $1.64 annualized dividend and a yield of 1.97%. Molson Coors Brewing ‘s dividend payout ratio is presently 16.38%.
In other Molson Coors Brewing news, CEO Gavin Hattersley sold 17,215 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $91.90, for a total value of $1,582,058.50. Following the completion of the transaction, the chief executive officer now owns 99,217 shares in the company, valued at $9,118,042.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.76% of the company’s stock.
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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.
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