18 July, 2017
The stock increased 0.54% or $0.36 during the last trading session, reaching $66.85. About 41 shares traded. It has underperformed by 20.15% the S&P500. Molson Coors Brewing Company has a 1-year low of $85.34 and a 1-year high of $112.19. TAP's SI was 3.29M shares in July as released by FINRA. Creative Planning accumulated 0% or 3,657 shares. Molson Coors Brewing Company has a payout ratio of 25.4% meaning its dividend is sufficiently covered by earnings.
Westbourne Investment Advisors Inc. increased its position in Molson Coors Brewing Company (NYSE:TAP) by 6.6% during the second quarter, according to its most recent 13F filing with the SEC. It has underperformed by 21.34% the S&P500.
Since February 21, 2017, it had 0 buys, and 2 selling transactions for $220,667 activity. NE now owns 93,680 shares of the consumer goods maker's stock valued at $10,282,000 after buying an additional 1,215 shares during the period. The correct version of this news story can be accessed at https://www.thestockobserver.com/2017/07/16/bidaskclub-downgrades-molson-coors-brewing-company-tap-to-strong-sell-updated-updated.html.
Investors sentiment decreased to 1.05 in Q4 2016. Its down 0.14, from 1.19 in 2016Q3. The company has a consensus rating of "Hold" and an average price target of $125.81. 21 funds opened positions while 21 raised stakes. 162.78 million shares or 0.31% more from 162.27 million shares in 2016Q3 were reported. Zurcher Kantonalbank (Zurich Cantonalbank) reported 117,070 shares.
Molson Coors Brewing Company (NYSE:TAP) traded down 0.43% during midday trading on Monday, hitting $87.51. Bnp Paribas Arbitrage holds 38,749 shares. Rhumbline Advisers holds 0.08% or 312,957 shares.
WARNING: "Molson Coors Brewing Company (NYSE:TAP) Plans Quarterly Dividend of $0.41" was published by Community Financial News and is the sole property of of Community Financial News.
Molson Coors Brewing Company (MCBC) is a holding company. Sandy Spring Retail Bank stated it has 0% in Molson Coors Brewing Co (NYSE:TAP). Wellington Mgmt Gru Limited Liability Partnership holds 0% in American Water Works Company Inc (NYSE:AWK) or 35,420 shares. Northern Trust, Illinois-based fund reported 1.91 million shares. Brinker invested 0.04% in American Water Works Company Inc (NYSE:AWK).
Molson Coors Brewing Company has increased its dividend payment by an average of 8.6% per year over the last three years. Therefore 50% are positive. Molson Coors Brewing Company had 28 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has "Hold" rating given on Thursday, July 13 by Cowen & Co.
Analysts await Molson Coors Brewing Co (NYSE:TAP) to report earnings on August, 2 before the open.
Equity analyst UBS initiated coverage on the stock with an initial rating of "Neutral". The rating was upgraded by Bryan Garnier & Cie on Friday, July 8 to "Buy". Vetr upgraded Molson Coors Brewing from a "buy" rating to a "strong-buy" rating and set a $103.20 target price for the company in a report on Wednesday, May 3rd.
State Board Of Administration Of Florida Retirement Sys holds 0.07% of its portfolio in Molson Coors Brewing Co (NYSE:TAP) for 241,354 shares. The firm earned "Buy" rating on Friday, June 2 by Susquehanna. The stock of Anheuser Busch Inbev NV (ADR) (NYSE:BUD) has "Buy" rating given on Thursday, September 17 by Sterne Agee CRT. The company's revenue for the quarter was up 278.7% compared to the same quarter previous year.
Anheuser Busch Inbev NV (AB InBev) is a Belgium-based company engaged in the brewers industry. It has a 29.45 P/E ratio. The Business'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. The company reported $0.76 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $1.31 by $0.55.
Investors sentiment decreased to 1.06 in 2016 Q4. Its up 0.10, from 0.94 in 2016Q3. It is negative, as 63 investors sold TAP shares while 157 reduced holdings. 207 funds opened positions while 479 raised stakes. Plante Moran Fin Ltd Co owns 113 shares or 0.01% of their U.S. portfolio. Williams Jones & Assocs Ltd Liability Corporation holds 0.01% or 4,900 shares. Legal General Grp Inc Public Limited owns 715,150 shares for 0.06% of their portfolio. Meridian Invest Counsel invested in 2.16% or 33,176 shares. Jolley Asset Mngmt Ltd Liability Corp owns 260,084 shares or 4.12% of their USA portfolio. Macquarie Gru Limited stated it has 0.02% of its portfolio in American Water Works Company Inc (NYSE:AWK). Japan-based Asset Mngmt One has invested 1% in Bank of America Corp (NYSE:BAC). (NASDAQ:TCRD). Alliancebernstein Lp has invested 0% in THL Credit, Inc. Therefore 62% are positive. On April 8 analysts at Citigroup issued its first research report on the stock by announcing an initial rating of "Neutral" and price target of $97.00. The stock of Anheuser Busch Inbev NV (ADR) (NYSE:BUD) has "Neutral" rating given on Tuesday, October 11 by JP Morgan. Argus Research has "Buy" rating and $92 target. As per Friday, September 23, the company rating was maintained by CLSA. The stock has "Positive" rating by Susquehanna on Wednesday, March 16. As per Thursday, February 16, the company rating was upgraded by Macquarie Research. The rating was maintained by Howard Weil on Monday, October 19 with "Focus Stock". Chevy Chase Trust Holdings, Inc. now owns 450 shares valued at $39,000.
A number of other institutional investors have also recently made changes to their positions in TAP. Martin Marietta Matls (NYSE:MLM) was raised too.
