Is it Now Time For Investors to Consider Selling Molson Coors Brewing (TAP) Stock? Stifel Downgrades The Company

May 17, 2018 - By Christine McCrea

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 dived, 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.

Norinchukin National Bank The holds 14,773 shares. Rhode Island-based Amica Retiree Medical has invested 0.07% in Molson Coors Brewing Company (NYSE:TAP). 14,945 are held by Ww Asset Mgmt. State Of Wisconsin Invest Board reported 0.07% of its portfolio in Molson Coors Brewing Company (NYSE:TAP). Beech Hill reported 1.74% of its portfolio in Molson Coors Brewing Company (NYSE:TAP). Moreover, Covington Cap Mngmt has 0.01% invested in Molson Coors Brewing Company (NYSE:TAP) for 1,347 shares. Bessemer Gru holds 0% in Molson Coors Brewing Company (NYSE:TAP) or 1,624 shares. The Illinois-based Prudential Pcl has invested 0.04% in Molson Coors Brewing Company (NYSE:TAP). Ci Investments has 0% invested in Molson Coors Brewing Company (NYSE:TAP). Farmers & Merchants Incorporated owns 68 shares. Zwj Investment Counsel has invested 0.67% in Molson Coors Brewing Company (NYSE:TAP). Dimensional Fund Advsr Lp reported 0% stake. Meiji Yasuda Asset Mgmt Company Ltd has 2,443 shares. Bb&T accumulated 2,998 shares. Nine Masts Ltd holds 0.01% or 813 shares.

Since January 16, 2018, it had 0 insider buys, and 4 sales for $5.05 million activity. 55,603 shares were sold by COORS PETER H, worth $4.73 million. 203 shares were sold by Cox Simon, worth $16,378. Anand Krishnan had sold 2,595 shares worth $184,861.

Molson Coors Brewing (TAP) Receives a Downgrade

In analysts note revealed to investors on Thursday morning, research analysts at Stifel’s research division cut shares of Molson Coors Brewing (TAP) stock from their previous Buy rating to a Hold. They now have a $65.0 price target on TAP or a 8.14 % upside.

The stock increased 0.12% or $0.07 during the last trading session, reaching $60.18. About 1.73M 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 earnings per share, 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 earnings per share 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: “Stifel cools on Molson Coors” on May 17, 2018, also Benzinga.com with their article: “5 Biggest Price Target Changes For Thursday” published on May 17, 2018, Benzinga.com published: “Ryan Robinson” on May 17, 2018. More interesting news about Molson Coors Brewing Company (NYSE:TAP) were released by: Seekingalpha.com and their article: “Molson Coors Brewing (TAP) Q1 2018 Results – Earnings Call Transcript” published on May 02, 2018 as well as Benzinga.com‘s news article titled: “Benzinga’s Top Upgrades, Downgrades For May 17, 2018” with publication date: May 17, 2018.

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

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