Is Molson Coors Brewing (NYSE:TAP) Really Worth Your Time and Dime After a Downgrade Today By Stifel

May 17, 2018 - By Harriett Tippett

Molson Coors Brewing Company (NYSE:TAP) Logo

Investors sentiment decreased to 1.11 in 2017 Q4. Its down 0.07, from 1.18 in 2017Q3. It dropped, 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.

Conning holds 0.01% of its portfolio in Molson Coors Brewing Company (NYSE:TAP) for 2,811 shares. Peak6 Limited Partnership reported 0% in Molson Coors Brewing Company (NYSE:TAP). Shapiro Capital Ltd Liability stated it has 0.01% of its portfolio in Molson Coors Brewing Company (NYSE:TAP). 1832 Asset Management Limited Partnership invested 0.03% in Molson Coors Brewing Company (NYSE:TAP). Nelson Roberts Advsr Ltd Liability Corp reported 0% stake. Amp Capital Investors Limited reported 134,193 shares. Fil owns 5.36 million shares. Tdam Usa Inc stated it has 89,651 shares or 0.42% of all its holdings. Renaissance Tech Ltd Liability Corp, a New York-based fund reported 826,100 shares. 4,389 are held by Nuveen Asset Mngmt. 18,576 are owned by Advantus Capital Inc. Symons Capital Mgmt Inc, a Pennsylvania-based fund reported 150,265 shares. Oakbrook Investments Lc holds 0.07% or 14,345 shares. Sun Life Inc holds 0% or 403 shares in its portfolio. Adage Capital Prns Grp Inc Ltd Liability Co has 261,136 shares.

Since January 16, 2018, it had 0 insider buys, and 4 insider sales for $5.05 million activity. 2,595 shares were sold by Anand Krishnan, worth $184,861 on Tuesday, May 1. Another trade for 2,070 shares valued at $126,800 was sold by Hunter Mark. $4.73M worth of Molson Coors Brewing Company (NYSE:TAP) was sold by COORS PETER H on Tuesday, January 16.

Molson Coors Brewing (NYSE:TAP) Receives a Downgrade

Stifel has just given shares of Molson Coors Brewing (NYSE:TAP)an updated “Hold” rating in analysts note shared with investors and clients on Thursday morning. This is a downgrade from the previous “Buy” rating that they had set. The broker now has a $65 price target on company, which suggests the potential for a 7.90 % upside.

Molson Coors Brewing Company (NYSE:TAP) Ratings Coverage

Among 11 analysts covering Molson Coors Brewing (NYSE:TAP), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. Molson Coors Brewing has $116.0 highest and $69 lowest target. $81.64’s average target is 35.52% above currents $60.2401 stock price. Molson Coors Brewing had 20 analyst reports since December 14, 2017 according to SRatingsIntel. The firm has “Equal-Weight” rating given on Friday, May 4 by Morgan Stanley. As per Thursday, February 8, the company rating was upgraded by Berenberg. The firm earned “Hold” rating on Monday, January 8 by Cowen & Co. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, May 3. As per Thursday, April 5, the company rating was maintained by Citigroup. As per Thursday, March 22, the company rating was maintained by Susquehanna. The rating was maintained by Citigroup with “Buy” on Friday, May 4. The stock has “Outperform” rating by BMO Capital Markets on Thursday, May 3. Deutsche Bank maintained the shares of TAP in report on Thursday, May 3 with “Buy” rating. Stifel Nicolaus maintained Molson Coors Brewing Company (NYSE:TAP) rating on Wednesday, April 18. Stifel Nicolaus has “Buy” rating and $10000 target.

The stock increased 0.22% or $0.1301 during the last trading session, reaching $60.2401. About 1.51 million shares traded. Molson Coors Brewing Company (NYSE: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 $13.00 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 9.23 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 On Tap For 35% Upside” on April 18, 2018, also Seekingalpha.com with their article: “Molson Coors: TAP Into This Dividend Stock” published on April 26, 2018, Seekingalpha.com published: “Stifel cools on Molson Coors” on May 17, 2018. More interesting news about Molson Coors Brewing Company (NYSE:TAP) were released by: Benzinga.com and their article: “Benzinga’s Top Upgrades, Downgrades For May 17, 2018” published on May 17, 2018 as well as 9News.com‘s news article titled: “MillerCoors’ Zima returns for a limited encore run” with publication date: May 14, 2018.

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

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