Economy

Teza Capital Management LLC Takes Position in Molson Coors Brewing Co

Molson Coors Brewing Company (TAP) stock price traded Upswing along with the volume 1.19 million shares in last session.

05/08/2015 - Molson Coors Brewing Company was upgraded to "hold" by analysts at Zacks. Though the acquisition of the Miller global brands has boosted sales in Europe and worldwide regions, volume continued to decline in Canada. The Company offers a portfolio of owned and partner brands, including Carling, Coors Light, Miller Lite, Molson Canadian and Staropramen, as well as craft and specialty beers, such as the Blue Moon Brewing Company brands, the Jacob Leinenkugel Brewing Company brands, Creemore Springs, Cobra and Doom Bar. Moreover, Molson Coors has undertaken restructuring initiatives to reduce overhead costs as well as expanding its global footprint through acquisitions. They expect $1.36 EPS, up 32.04% or $0.33 from last year's $1.03 per share.

Among 12 analysts covering Molson Coors Brewing Company (NYSE:TAP), 5 have Buy rating, 1 Sell and 6 Hold. Cowen and Company reissued a hold rating and set a $96.00 price objective on shares of Molson Coors Brewing in a report on Thursday, September 28th. Credit Suisse initiated Molson Coors Brewing Co (NYSE:TAP) rating on Monday, January 23. $103.38's average target is 24.28% above currents $83.18 stock price. First Manhattan Co has 0% invested in Molson Coors Brewing Co (NYSE:TAP) for 1,705 shares.

Based on the latest notes released to investors, 3 analysts have issued a rating of "buy", 3 analysts "outperform", 4 analysts "hold", 1 analysts "underperform" and 1 analysts "sell". Jefferies maintained it with "Hold" rating and $2.5 target in Wednesday, September 6 report. Tci Wealth Advisors has invested 0.01% in Molson Coors Brewing Co (NYSE:TAP).

Molson Coors Brewing Company is a holding company. The firm has a market capitalization of $17.91 billion, a price-to-earnings ratio of 8.31 and a beta of 0.88. Molson Coors Brewing Company has a 12 month low of $80.92 and a 12 month high of $112.19. The firm owned 170,678 shares of the company's stock after buying an additional 66,603 shares during the period. The firm had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.10 billion. Molson Coors Brewing had a net margin of 19.78% and a return on equity of 7.41%.

COPYRIGHT VIOLATION NOTICE: "Molson Coors Brewing Company (TAP) Stake Lowered by Caxton Associates LP" was originally posted by BBNS and is the property of of BBNS. The correct version of this article can be accessed at https://weekherald.com/2017/10/07/prudential-plc-boosts-position-in-molson-coors-brewing-company-tap.html.

Additionally the company recently announced a dividend for shareholders which was paid on Friday the 15th of September 2017. Investors of record on Thursday, August 31st were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 1.97%. The ex-dividend date was set for Tuesday the 29th of August 2017. Molson Coors Brewing 's payout ratio is now 16.38%.

In other Molson Coors Brewing news, VP Brian Tabolt sold 1,806 shares of the stock in a transaction that occurred on Thursday, March 16th. Values can range from 0 to -100. Following the completion of the transaction, the chief executive officer now directly owns 99,217 shares of the company's stock, valued at approximately $9,118,042.30. Hedge funds and other institutional investors own 78.32% of the company's stock. It fall, as 68 investors sold Molson Coors Brewing Co shares while 160 reduced holdings.

09/13/2017 - Berenberg Bank began new coverage on Molson Coors Brewing Company giving the company a "sell" rating. Stifel Financial Corp's holdings in Molson Coors Brewing were worth $8,996,000 at the end of the most recent quarter. Victory Capital Management Inc. raised its holdings in Molson Coors Brewing by 25.2% in the 1st quarter. Penserra Capital Management LLC now owns 1,560 shares of the company's stock valued at $134,000 after acquiring an additional 364 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of Molson Coors Brewing by 3.2% during the 2nd quarter.

Engineers Gate Manager Lp, which manages about $645.79 million and $1.11 billion US Long portfolio, decreased its stake in Ralph Lauren Corp (NYSE:RL) by 44,956 shares to 7,537 shares, valued at $556,000 in 2017Q2, according to the filing.

Following the trading signals on shares of Molson Coors Canada Inc. The Firm operates as a brewer.



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