Investors bought shares of Molson Coors Brewing Co (NYSE:TAP) on weakness during trading on Wednesday. $35.41 million flowed into the stock on the tick-up and $11.57 million flowed out of the stock on the tick-down, for a money net flow of $23.84 million into the stock. Of all companies tracked, Molson Coors Brewing had the 15th highest net in-flow for the day. Molson Coors Brewing traded down ($0.04) for the day and closed at $84.68

Several analysts have recently weighed in on TAP shares. Zacks Investment Research upgraded shares of Molson Coors Brewing from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a research report on Tuesday, January 2nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $116.00 target price on shares of Molson Coors Brewing in a report on Friday, December 22nd. Deutsche Bank assumed coverage on shares of Molson Coors Brewing in a report on Wednesday, December 13th. They set a “buy” rating and a $89.00 target price on the stock. Citigroup reduced their target price on shares of Molson Coors Brewing from $106.00 to $102.00 and set a “buy” rating on the stock in a report on Friday, November 3rd. Finally, Susquehanna Bancshares reaffirmed a “buy” rating on shares of Molson Coors Brewing in a report on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Molson Coors Brewing presently has an average rating of “Hold” and an average target price of $96.94.

The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.54 and a current ratio of 0.69. The company has a market cap of $19,270.00, a price-to-earnings ratio of 8.02, a P/E/G ratio of 2.19 and a beta of 0.83.

Molson Coors Brewing (NYSE:TAP) last released its earnings results on Wednesday, November 1st. The company reported $1.34 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.34. The company had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.97 billion. Molson Coors Brewing had a net margin of 17.04% and a return on equity of 7.54%. The firm’s quarterly revenue was up 204.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.03 EPS. equities analysts forecast that Molson Coors Brewing Co will post 4.33 EPS for the current year.

In other Molson Coors Brewing news, Chairman Peter H. Coors sold 55,603 shares of the firm’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $85.01, for a total value of $4,726,811.03. Following the sale, the chairman now owns 319,222 shares of the company’s stock, valued at approximately $27,137,062.22. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Tracey Joubert sold 1,000 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $79.15, for a total transaction of $79,150.00. Following the completion of the sale, the chief financial officer now directly owns 22,839 shares in the company, valued at approximately $1,807,706.85. The disclosure for this sale can be found here. 2.76% of the stock is owned by company insiders.

A number of institutional investors have recently made changes to their positions in the business. State of Alaska Department of Revenue grew its holdings in Molson Coors Brewing by 83.1% in the 4th quarter. State of Alaska Department of Revenue now owns 27,293 shares of the company’s stock worth $2,239,000 after acquiring an additional 12,390 shares during the last quarter. Oakbrook Investments LLC grew its holdings in Molson Coors Brewing by 11.7% in the 4th quarter. Oakbrook Investments LLC now owns 14,345 shares of the company’s stock worth $1,177,000 after acquiring an additional 1,500 shares during the last quarter. Westpac Banking Corp grew its holdings in Molson Coors Brewing by 49.2% in the 4th quarter. Westpac Banking Corp now owns 16,513 shares of the company’s stock worth $1,355,000 after acquiring an additional 5,449 shares during the last quarter. Cascade Investment Advisors Inc. bought a new stake in Molson Coors Brewing in the 4th quarter worth $770,000. Finally, CAPROCK Group Inc. grew its holdings in Molson Coors Brewing by 38.8% in the 4th quarter. CAPROCK Group Inc. now owns 11,850 shares of the company’s stock worth $1,006,000 after acquiring an additional 3,312 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “Traders Buy Molson Coors Brewing (TAP) on Weakness” was posted by Watch List News and is owned by of Watch List News. If you are reading this piece on another publication, it was copied illegally and republished in violation of United States and international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.watchlistnews.com/traders-buy-molson-coors-brewing-tap-on-weakness/1813767.html.

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.

Receive News & Ratings for Molson Coors Brewing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Molson Coors Brewing and related companies with MarketBeat.com's FREE daily email newsletter.