Stifel Nicolaus Reports That They Have Downgraded Molson Coors (NYSE:TAP) Shares

May 18, 2018 - By Ash Ash

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 worsened, 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.

Parkwood Limited Liability Co has invested 0.04% in Molson Coors Brewing Company (NYSE:TAP). Winfield Assocs owns 0.01% invested in Molson Coors Brewing Company (NYSE:TAP) for 122 shares. Huntington Fincl Bank holds 20,386 shares. Pictet Asset Mgmt owns 0.02% invested in Molson Coors Brewing Company (NYSE:TAP) for 100,891 shares. State Teachers Retirement System reported 0.06% stake. Midas Mgmt Corporation reported 21,000 shares. Ls Investment Advisors Ltd Llc holds 0.04% or 9,318 shares. Amica Mutual Ins Company owns 6,782 shares. Balyasny Asset Ltd holds 0% or 7,324 shares. Asset Mngmt One reported 288,994 shares or 0.05% of all its holdings. Bessemer Group Inc holds 0% in Molson Coors Brewing Company (NYSE:TAP) or 1,624 shares. Twin Tree Mngmt L P accumulated 9,891 shares. Rnc Capital Mngmt Llc invested in 0.08% or 14,508 shares. The Japan-based Nomura Inc has invested 0.04% in Molson Coors Brewing Company (NYSE:TAP). Bkd Wealth Advsrs Limited Liability Corp invested 0.06% in Molson Coors Brewing Company (NYSE:TAP).

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

Molson Coors (NYSE:TAP) Receives a Downgrade

In a note shared with investors on Today, professional analysts at the Stifel Nicolaus equities division lowered the stock rating for Molson Coors (NYSE:TAP) shares to a Hold.

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. On Thursday, May 3 the stock rating was maintained by Stifel Nicolaus with “Buy”. The rating was maintained by Deutsche Bank on Thursday, May 3 with “Buy”. Stifel Nicolaus maintained Molson Coors Brewing Company (NYSE:TAP) rating on Wednesday, April 18. Stifel Nicolaus has “Buy” rating and $10000 target. The firm earned “Outperform” rating on Monday, February 12 by Credit Suisse. Citigroup maintained the stock with “Buy” rating in Friday, May 4 report. BMO Capital Markets initiated it with “Buy” rating and $95.0 target in Monday, February 5 report. The firm has “Buy” rating given on Thursday, February 1 by Stifel Nicolaus. The firm has “Hold” rating given on Monday, January 8 by Cowen & Co. On Monday, February 12 the stock rating was maintained by Susquehanna with “Buy”. Citigroup maintained it with “Buy” rating and $88 target in Thursday, April 5 report.

The stock increased 0.25% or $0.15 during the last trading session, reaching $60.26. About 2.25 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: Seekingalpha.com which released: “Molson Coors On Tap For 35% Upside” on April 18, 2018, also Benzinga.com with their article: “5 Biggest Price Target Changes For Thursday” published on May 17, 2018, Seekingalpha.com published: “Molson Coors: TAP Into This Dividend Stock” on April 26, 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 Brewing (TAP) Q1 2018 Results – Earnings Call Transcript” with publication date: May 02, 2018.

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

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