Today, 5,851 Shares of Molson Coors Brewing Co. (TAP) Stock are sold by Mark Hunter

Today, 5,851 Shares of Molson Coors Brewing Co. (TAP) Stock are sold by Mark Hunter

Molson Coors Brewing Co. (NYSE:TAP) CEO Mark Hunter sold 5,851 shares of Molson Coors Brewing stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $100.00, for a total transaction of $585,100.00. Following the transaction, the chief executive officer now owns 80,785 shares in the company, valued at approximately $8,078,500. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of Molson Coors Brewing Co. (NYSE:TAP) opened at 99.74 on Friday. The stock has a market cap of $21.43 billion, a PE ratio of 36.01 and a beta of 0.98. The firm has a 50-day moving average of $104.38 and a 200 day moving average of $102.10. Molson Coors Brewing Co. has a 52 week low of $80.78 and a 52 week high of $112.19.

Molson Coors Brewing (NYSE:TAP) last issued its quarterly earnings results on Tuesday, November 1st. The company reported $1.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.05 by $0.02. Molson Coors Brewing had a net margin of 11.48% and a return on equity of 7.21%. The company had revenue of $947.60 million for the quarter, compared to analyst estimates of $985.75 million. During the same quarter in the previous year, the company posted $1.40 EPS. The company’s revenue for the quarter was down 6.9% compared to the same quarter last year. On average, equities analysts forecast that Molson Coors Brewing Co. will post $5.74 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, November 28th. This represents a $1.64 dividend on an annualized basis and a yield of 1.64%. Molson Coors Brewing’s payout ratio is 60.74%.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. MU Investments Co. Ltd. bought a new position in shares of Molson Coors Brewing during the third quarter worth about $114,000. CENTRAL TRUST Co raised its position in shares of Molson Coors Brewing by 1,000.0% in the second quarter. CENTRAL TRUST Co now owns 1,100 shares of the company’s stock worth $111,000 after buying an additional 1,000 shares during the last quarter. Highlander Capital Management LLC raised its position in shares of Molson Coors Brewing by 30.0% in the third quarter. Highlander Capital Management LLC now owns 1,300 shares of the company’s stock worth $143,000 after buying an additional 300 shares during the last quarter. Global X Management Co. LLC raised its position in shares of Molson Coors Brewing by 68.2% in the second quarter. Global X Management Co. LLC now owns 1,401 shares of the company’s stock worth $142,000 after buying an additional 568 shares during the last quarter. Finally, MSI Financial Services Inc raised its position in shares of Molson Coors Brewing by 1.3% in the third quarter. MSI Financial Services Inc now owns 1,458 shares of the company’s stock worth $160,000 after buying an additional 19 shares during the last quarter. Institutional investors and hedge funds own 76.60% of the company’s stock.

Several research analysts have recently weighed in on TAP shares. Citigroup Inc. upgraded shares of Molson Coors Brewing from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $101.00 to $115.00 in a research note on Friday, July 29th. Stifel Nicolaus lifted their price target on shares of Molson Coors Brewing from $136.00 to $139.00 and gave the stock a “buy” rating in a research note on Wednesday, August 3rd. Susquehanna reiterated a “buy” rating on shares of Molson Coors Brewing in a research note on Monday, August 8th. Zacks Investment Research upgraded shares of Molson Coors Brewing from a “hold” rating to a “strong-buy” rating and set a $125.00 price target on the stock in a research note on Tuesday, October 4th. Finally, Goldman Sachs Group Inc. started coverage on shares of Molson Coors Brewing in a research note on Monday, October 10th. They set a “buy” rating and a $130.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $129.71.

Molson Coors Brewing Company Profile

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