Molson Coors Brewing Company (NYSE:TAP) CFO Tracey Joubert sold 1,000 shares of Molson Coors Brewing stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $79.15, for a total value of $79,150.00. Following the transaction, the chief financial officer now owns 22,839 shares of the company’s stock, valued at approximately $1,807,706.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Molson Coors Brewing Company (TAP) traded up $0.75 during trading hours on Thursday, hitting $81.07. 1,341,000 shares of the company were exchanged, compared to its average volume of 1,599,962. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.69 and a quick ratio of 0.54. The company has a market cap of $17,300.93, a PE ratio of 19.03, a PEG ratio of 2.35 and a beta of 0.83. Molson Coors Brewing Company has a 52 week low of $76.25 and a 52 week high of $102.14.
Molson Coors Brewing (NYSE:TAP) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $1.34 EPS for the quarter, hitting analysts’ consensus estimates of $1.34. The company had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.97 billion. Molson Coors Brewing had a net margin of 17.04% and a return on equity of 7.54%. Molson Coors Brewing’s revenue was up 204.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 EPS. sell-side analysts anticipate that Molson Coors Brewing Company will post 4.34 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be issued a $0.41 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.02%. Molson Coors Brewing’s dividend payout ratio (DPR) is presently 15.83%.
Large investors have recently bought and sold shares of the stock. Dupont Capital Management Corp bought a new stake in Molson Coors Brewing during the 3rd quarter valued at $103,000. Bessemer Group Inc. raised its holdings in Molson Coors Brewing by 12.8% during the 2nd quarter. Bessemer Group Inc. now owns 1,230 shares of the company’s stock valued at $106,000 after acquiring an additional 140 shares during the period. Krilogy Financial LLC raised its holdings in Molson Coors Brewing by 4,646.4% during the 2nd quarter. Krilogy Financial LLC now owns 1,329 shares of the company’s stock valued at $115,000 after acquiring an additional 1,301 shares during the period. Sun Life Financial INC raised its holdings in Molson Coors Brewing by 14,900.0% during the 2nd quarter. Sun Life Financial INC now owns 1,350 shares of the company’s stock valued at $117,000 after acquiring an additional 1,341 shares during the period. Finally, Penserra Capital Management LLC raised its holdings in Molson Coors Brewing by 30.4% during the 2nd quarter. Penserra Capital Management LLC now owns 1,560 shares of the company’s stock valued at $134,000 after acquiring an additional 364 shares during the period. 78.00% of the stock is currently owned by institutional investors.
TAP has been the subject of a number of analyst reports. Citigroup cut their price target on Molson Coors Brewing from $106.00 to $102.00 and set a “buy” rating for the company in a research note on Friday, November 3rd. Susquehanna Bancshares reiterated a “buy” rating on shares of Molson Coors Brewing in a research note on Wednesday, October 11th. Berenberg Bank initiated coverage on Molson Coors Brewing in a research note on Wednesday, September 13th. They set a “sell” rating and a $78.00 price target for the company. BidaskClub upgraded Molson Coors Brewing from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Finally, Zacks Investment Research downgraded Molson Coors Brewing from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Molson Coors Brewing currently has an average rating of “Hold” and a consensus target price of $98.92.
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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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