The Rating of Molson Coors Brewing (TAP) Shares By Stifel Falls. $65.0 is now The TP

May 17, 2018 - By Catherine Nunes

Molson Coors Brewing Company (NYSE:TAP) Logo

Investors sentiment decreased to 1.11 in Q4 2017. Its down 0.07, from 1.18 in 2017Q3. It is negative, as 62 investors sold Molson Coors Brewing Company shares while 138 reduced holdings. 66 funds opened positions while 156 raised stakes. 159.01 million shares or 1.37% less from 161.22 million shares in 2017Q3 were reported.

Bbva Compass National Bank & Trust holds 22,756 shares or 0.12% of its portfolio. Fifth Third National Bank & Trust has 8,077 shares. Sun Life Financial holds 0% of its portfolio in Molson Coors Brewing Company (NYSE:TAP) for 403 shares. Regent Invest Limited Liability owns 0.07% invested in Molson Coors Brewing Company (NYSE:TAP) for 2,700 shares. Citigroup reported 114,888 shares or 0.01% of all its holdings. Alps Advsrs stated it has 5,245 shares. Washington Tru Retail Bank holds 400 shares or 0% of its portfolio. Cibc World Markets stated it has 0.01% of its portfolio in Molson Coors Brewing Company (NYSE:TAP). Hermes Inv Mngmt has 7,572 shares. Ameritas Inv Ptnrs stated it has 0.01% of its portfolio in Molson Coors Brewing Company (NYSE:TAP). Reilly Fincl Advsrs Limited Liability Company stated it has 0% in Molson Coors Brewing Company (NYSE:TAP). Midas Management has 0.68% invested in Molson Coors Brewing Company (NYSE:TAP) for 21,000 shares. Amica Retiree Medical Tru, Rhode Island-based fund reported 1,098 shares. Glg Ltd Com reported 8,267 shares. Sumitomo Mitsui Inc reported 527,978 shares.

Since January 16, 2018, it had 0 buys, and 4 selling transactions for $5.05 million activity. 55,603 shares were sold by COORS PETER H, worth $4.73 million. $126,800 worth of Molson Coors Brewing Company (NYSE:TAP) was sold by Hunter Mark on Wednesday, May 2. Anand Krishnan had sold 2,595 shares worth $184,861.

Molson Coors Brewing (TAP) Receives a Downgrade

EU-listed Molson Coors Brewing (TAP), was downgraded by research analysts at Stifel. They downgraded their rating on the $12.99B market cap company to a “Hold” from their past “Buy” rating, but decided to keep their price target of $65.0 on TAP.

The stock increased 0.12% or $0.07 during the last trading session, reaching $60.18. About 1.73 million shares traded. Molson Coors Brewing Company (TAP) has declined 23.05% since May 17, 2017 and is downtrending. It has underperformed by 34.60% the S&P500.

Analysts await Molson Coors Brewing Company (NYSE:TAP) to report earnings on August, 1. They expect $1.93 EPS, up 16.27 % or $0.27 from last year’s $1.66 per share. TAP’s profit will be $416.53 million for 7.80 P/E if the $1.93 EPS becomes a reality. After $0.48 actual EPS reported by Molson Coors Brewing Company for the previous quarter, Wall Street now forecasts 302.08 % EPS growth.

Molson Coors Brewing Company manufactures and sells beer and other beverage products in the United States, Canada, Europe, and internationally. The company has market cap of $12.99 billion. It sells various products under the Coors Light, Miller Lite, Coors Banquet, the Blue Moon Brewing Company brands, the Jacob Leinenkugel Brewing Company brands, Keystone, Icehouse, MickeyÂ’s, Miller 64, Miller Genuine Draft, Miller High Life, MilwaukeeÂ’s Best, Hamm's, Olde English 800, Steel Reserve, Crispin, Smith & Forge, Redd's, the HenryÂ’s Hard Soda, and Steel Reserve Alloy Series brands. It has a 9.22 P/E ratio. The firm also offers various brands, including Molson Canadian, Belgian Moon, Carling, Carling Black Label, Creemore Springs, the Granville Island, Mad Jack, the Miller, Molson Canadian 67, Molson Canadian Cider, Molson Dry, Molson Export, Old Style Pilsner, and the Rickard's family of brands.

More notable recent Molson Coors Brewing Company (NYSE:TAP) news were published by: Seekingalpha.com which released: “Molson Coors Brewing (TAP) Q1 2018 Results – Earnings Call Transcript” on May 02, 2018, also Bizjournals.com with their article: “MillerCoors’ Zima returns for a limited encore run” published on May 14, 2018, Benzinga.com published: “Benzinga’s Top Upgrades, Downgrades For May 17, 2018” on May 17, 2018. More interesting news about Molson Coors Brewing Company (NYSE:TAP) were released by: Seekingalpha.com and their article: “Stifel cools on Molson Coors” published on May 17, 2018 as well as Seekingalpha.com‘s news article titled: “Molson Coors On Tap For 35% Upside” with publication date: April 18, 2018.

Molson Coors Brewing Company (NYSE:TAP) Institutional Positions Chart

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