Today Molson Coors Brewing Company (TAP) Stock Reaches Yearly Low

April 22, 2018 - By Ellis Scott

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 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.
5,754 were reported by M&T Bank & Trust. First Republic Invest Mngmt owns 6,024 shares. Warren Averett Asset Mngmt Ltd Llc reported 0% stake. Aviva Public Limited Co reported 116,754 shares. Eaton Vance owns 186,018 shares or 0.04% of their US portfolio. Morgan Stanley invested 0.01% of its portfolio in Molson Coors Brewing Company (NYSE:TAP). Tiaa Cref Management Ltd reported 1.84M shares. 31,382 are owned by Us National Bank & Trust De. Investec Asset Ltd holds 0% or 3,236 shares in its portfolio. City holds 0% or 60 shares. Laurion Capital L P reported 4,623 shares stake. Moreover, Profund has 0.01% invested in Molson Coors Brewing Company (NYSE:TAP). Caisse De Depot Et Placement Du Quebec has 0.01% invested in Molson Coors Brewing Company (NYSE:TAP). Macquarie Gp Limited, Australia-based fund reported 1,300 shares. Willingdon Wealth reported 0% of its portfolio in Molson Coors Brewing Company (NYSE:TAP).

Since January 16, 2018, it had 0 buys, and 2 insider sales for $4.74 million activity. On Tuesday, February 20 the insider Cox Simon sold $16,378.

The stock of Molson Coors Brewing Company (NYSE:TAP) hit a new 52-week low and has $64.05 target or 9.00 % below today’s $70.38 share price. The 5 months bearish chart indicates high risk for the $15.19B company. The 1-year low was reported on Apr, 22 by Barchart.com. If the $64.05 price target is reached, the company will be worth $1.37 billion less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 3.67% or $2.68 during the last trading session, reaching $70.38. About 4.50 million shares traded or 140.60% up from the average. Molson Coors Brewing Company (NYSE:TAP) has declined 23.05% since April 22, 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 May, 2 before the open. They expect $0.83 earnings per share, up 9.21 % or $0.07 from last year’s $0.76 per share. TAP’s profit will be $179.10 million for 21.20 P/E if the $0.83 EPS becomes a reality. After $0.62 actual earnings per share reported by Molson Coors Brewing Company for the previous quarter, Wall Street now forecasts 33.87 % EPS growth.

Molson Coors Brewing Company (NYSE:TAP) Ratings Coverage

Among 11 analysts covering Molson Coors (NYSE:TAP), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. Molson Coors had 18 analyst reports since October 23, 2017 according to SRatingsIntel. The stock of Molson Coors Brewing Company (NYSE:TAP) has “Buy” rating given on Wednesday, April 18 by Stifel Nicolaus. The rating was maintained by Citigroup with “Buy” on Friday, November 3. On Monday, February 12 the stock rating was maintained by Susquehanna with “Buy”. The firm has “Buy” rating given on Monday, October 23 by Stifel Nicolaus. The firm earned “Buy” rating on Monday, February 5 by BMO Capital Markets. Credit Suisse maintained the stock with “Outperform” rating in Thursday, February 15 report. The firm earned “Outperform” rating on Monday, February 12 by Credit Suisse. The stock of Molson Coors Brewing Company (NYSE:TAP) earned “Buy” rating by Susquehanna on Thursday, March 22. The rating was downgraded by Goldman Sachs to “Hold” on Tuesday, April 17. The firm has “Hold” rating by Cowen & Co given on Monday, January 8.

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 $15.19 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, Mickey's, Miller 64, Miller Genuine Draft, Miller High Life, Milwaukee's Best, Hamm's, Olde English 800, Steel Reserve, Crispin, Smith & Forge, Redd's, the Henry's Hard Soda, and Steel Reserve Alloy Series brands. It has a 10.78 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.

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

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