Taylor Asset Management Inc. Takes Position in Molson Coors Brewing Company

Molson Coors admitted earlier this year that it had set a lower abv target for Carling than the stated level on the packaging
Molson Coors admitted earlier this year that it had set a lower abv target for Carling than the stated level on the packaging
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31 August, 2017

The latest exchange of 1.1 Million shares is below its average trading activity of 1.85 Million shares. Morgan Stanley now has $84.13B valuation. It closed at $89.39 lastly. It has underperformed by 3.92% the S&P500. Molson Coors Brewing Co now has $19.36B valuation. Therefore 100% are positive. Credit Suisse Group set a $96.00 target price on Molson Coors Brewing and gave the company a "hold" rating in a research report on Thursday, August 3rd. The firm has "Buy" rating given on Friday, July 8 by Bryan Garnier & Cie. Vetr raised Molson Coors Brewing from a "buy" rating to a "strong-buy" rating and set a $103.20 target price on the stock in a research report on Wednesday, May 3rd. The firm earned "Buy" rating on Friday, July 29 by Citigroup. As per Tuesday, December 20, the company rating was maintained by Stifel Nicolaus. During the past six months, Molson Coors Brewing Company (NYSE:TAP)'s stock has been -9.00% and -13.07% for the last 12 months. Susquehanna Bancshares Inc reaffirmed a "positive" rating and set a $117.00 price objective (up from $114.00) on shares of Molson Coors Brewing in a report on Wednesday, June 7th. UBS has "Neutral" rating and $108 target.

Evergreen Capital Management Llc decreased State Str Corp (NYSE:STT) stake by 4,640 shares to 34,796 valued at $2.70M in 2016Q4. Renaissance Technologies LLC now owns 922,200 shares of the company's stock worth $88,264,000 after buying an additional 830,800 shares in the last quarter. Ryanair Hldgs Plc was reduced too. The company reported $1.66 earnings per share for the quarter, missing the consensus estimate of $2.04 by $0.38. Comerica Bancorp invested in 48,129 shares. The stock has a market capitalization of $19.31 billion, a P/E ratio of 8.96 and a beta of 0.91. Gotham Asset Mngmt Ltd Liability Corp, a New York-based fund reported 93,210 shares. Ameriprise reported 0.06% of its portfolio in Molson Coors Brewing Co (NYSE:TAP). The Fir Tree Inc holds 1.14M shares with $110.76 million value, down from 1.14M last quarter. Andra AP fonden raised its position in Molson Coors Brewing by 10.9% in the second quarter. Diamond Hill Capital Management Inc. now owns 2,627,608 shares of the company's stock worth $226,868,000 after buying an additional 2,048,467 shares in the last quarter. Glenmede Tru Co Na invested in 0% or 4,489 shares. Lmr Prtn Llp owns 6,169 shares for 0.09% of their portfolio. United Capital Fincl Advisers Ltd Liability Co has invested 0.01% in TC Pipelines, LP (NYSE:TCP). Farmers Merchants Investments holds 310 shares or 0% of its portfolio. Axa holds 0.01% in Molson Coors Brewing Co (NYSE:TAP) or 21,200 shares. Kayne Anderson Advisors Ltd Partnership has 1.23M shares for 0.75% of their portfolio.

Among 4 analysts covering Everi Holdings (NYSE:EVRI), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 45% are positive. CF Industries Holdings had 73 analyst reports since July 22, 2015 according to SRatingsIntel. A 6 analysts rate it as either a buy or a strong buy, while1 believe that investors should either steer clear of TAP or, if they already own its stock, sell it. Susquehanna maintained it with "Buy" rating and $11400 target in Friday, June 2 report. The fund acquired 5,700 shares of the company's stock, valued at approximately $492,000. On Monday, May 15 the stock rating was maintained by Wolfe Research with "Market Perform". The stock of Yandex NV (NASDAQ:YNDX) earned "Buy" rating by Deutsche Bank on Tuesday, October 6. As per Monday, September 21, the company rating was upgraded by Societe Generale. Barclays Capital downgraded the shares of CF in report on Monday, December 12 to "Equal Weight" rating. The legal version of this news story can be accessed at https://stocknewstimes.com/2017/08/30/taylor-asset-management-inc-takes-position-in-molson-coors-brewing-company-tap.html.

Investors sentiment decreased to 0.88 in Q4 2016. Its down 0.17, from 1.07 in 2016Q3. It fall, as 63 investors sold TAP shares while 157 reduced holdings. The volume of 3.64 Million shares climbed down over an trading activity of 7.7 Million shares. The stock rose 0.46% or $0.41 reaching $89.8 per share. Bnp Paribas Arbitrage holds 38,749 shares or 0.02% of its portfolio. Nationwide Fund Advsr holds 0.11% or 268,935 shares. Societe Generale downgraded Molson Coors Brewing Co (NYSE:TAP) rating on Friday, May 5.

Molson Coors Brewing Company (NYSE:TAP) is another stock that is grabbing investors attention these days.

Molson Coors Brewing Company (MCBC) is a holding company. BlackRock Inc. increased its position in Molson Coors Brewing by 3,905.7% in the first quarter. Vantage Inv Lc owns 350 shares. Zacks Management stated it has 10,837 shares. Arrow Invest Advisors Limited Liability Corporation holds 14,517 shares. Principal Financial Grp Inc holds 282,222 shares. Finally, Sumitomo Mitsui Asset Management Company LTD raised its stake in shares of Molson Coors Brewing by 8.6% in the first quarter.

After a recent check, shares of Digital Realty Trust, Inc. Molson Coors Brewing 's dividend payout ratio (DPR) is 16.38%.

Susquehanna now has a $118.0 target on the $19.31 billion market cap company or 31.70 % upside potential. The Company operates as a brewer.

Currently, the stock carries a price to earnings ratio of 8.92, a price to book ratio of 1.59, and a price to sales ratio of 2.16. The Company's divisions 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. It closed at $28.83 lastly. It is down 3.45% since August 30, 2016 and is downtrending.


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