Stifel Nicolaus Cuts Molson Coors Brewing (NYSE:TAP) Stock To a “Hold” Rating

May 17, 2018 - By Ash Ash

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 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.

Newman Dignan & Sheerar Incorporated stated it has 6,510 shares. Snow Management L P holds 4,580 shares. Washington Comml Bank has 0% invested in Molson Coors Brewing Company (NYSE:TAP) for 400 shares. 53 are held by Cornerstone. Narwhal Mngmt has invested 0.56% in Molson Coors Brewing Company (NYSE:TAP). Lord Abbett Ltd Limited Liability Company holds 574,612 shares or 0.13% of its portfolio. Investec Asset Management has invested 0% in Molson Coors Brewing Company (NYSE:TAP). Westpac Banking stated it has 16,513 shares. Farmers And Merchants Investments accumulated 68 shares. Parallax Volatility Advisers L P holds 4,337 shares. Nelson Roberts Invest Advisors Limited Liability holds 0% of its portfolio in Molson Coors Brewing Company (NYSE:TAP) for 10 shares. Advisor Ptnrs Ltd Liability holds 3,811 shares or 0.06% of its portfolio. Gam Holding Ag owns 22,457 shares or 0.06% of their US portfolio. Diamond Hill Cap Mngmt holds 1.48% or 3.60 million shares in its portfolio. Jane Street Gru Limited Liability Co, a New York-based fund reported 33,166 shares.

Since January 16, 2018, it had 0 insider purchases, and 4 insider sales for $5.05 million activity. 2,070 Molson Coors Brewing Company (NYSE:TAP) shares with value of $126,800 were sold by Hunter Mark. 2,595 shares were sold by Anand Krishnan, worth $184,861. COORS PETER H also sold $4.73 million worth of Molson Coors Brewing Company (NYSE:TAP) shares.

Molson Coors Brewing (NYSE:TAP) Receives a Downgrade

In an analyst note sent to clients and investors on Thursday morning, Stifel Nicolaus lowered shares of Molson Coors Brewing (NYSE:TAP) to a lower “Hold” rating from the previous “Buy” rating.

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 35.48% above currents $60.26 stock price. Molson Coors Brewing had 20 analyst reports since December 14, 2017 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, April 17 by Goldman Sachs. The stock of Molson Coors Brewing Company (NYSE:TAP) has “Outperform” rating given on Thursday, February 15 by Credit Suisse. Berenberg upgraded the shares of TAP in report on Thursday, February 8 to “Hold” rating. The firm has “Buy” rating by Citigroup given on Thursday, April 5. Stifel Nicolaus maintained the shares of TAP in report on Thursday, May 3 with “Buy” rating. The stock has “Buy” rating by Stifel Nicolaus on Wednesday, April 18. On Thursday, March 22 the stock rating was maintained by Susquehanna with “Buy”. The firm has “Equal-Weight” rating by Morgan Stanley given on Friday, May 4. As per Thursday, February 1, the company rating was maintained by Stifel Nicolaus. Credit Suisse upgraded the shares of TAP in report on Monday, February 12 to “Outperform” rating.

The stock increased 0.25% or $0.15 during the last trading session, reaching $60.26. About 2.00 million shares traded. Molson Coors Brewing Company (NYSE:TAP) has declined 23.05% since May 18, 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 $416.52 million for 7.81 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 $13.01 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: Bizjournals.com which released: “MillerCoors’ Zima returns for a limited encore run” on May 14, 2018, also Benzinga.com with their article: “Ryan Robinson” published on May 17, 2018, Seekingalpha.com published: “Molson Coors Brewing (TAP) Q1 2018 Results – Earnings Call Transcript” on May 02, 2018. More interesting news about Molson Coors Brewing Company (NYSE:TAP) were released by: Seekingalpha.com and their article: “Molson Coors On Tap For 35% Upside” published on April 18, 2018 as well as Benzinga.com‘s news article titled: “5 Biggest Price Target Changes For Thursday” with publication date: May 17, 2018.

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

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