Somewhat Favorable News Coverage Somewhat Unlikely to Impact Molson Coors Brewing (TAP) Share Price

News coverage about Molson Coors Brewing (NYSE:TAP) has trended somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Molson Coors Brewing earned a news impact score of 0.13 on Accern’s scale. Accern also gave media coverage about the company an impact score of 45.5840177437208 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the news headlines that may have impacted Accern Sentiment’s rankings:

Several equities research analysts have issued reports on TAP shares. Zacks Investment Research cut shares of Molson Coors Brewing from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Berenberg Bank reaffirmed a “sell” rating and set a $76.00 price target on shares of Molson Coors Brewing in a research note on Friday, November 3rd. Citigroup decreased their price target on shares of Molson Coors Brewing from $106.00 to $102.00 and set a “buy” rating on the stock in a research note on Friday, November 3rd. Susquehanna Bancshares reaffirmed a “buy” rating and set a $108.00 price target (down from $118.00) on shares of Molson Coors Brewing in a research note on Friday, September 22nd. Finally, Cowen reissued a “hold” rating and issued a $96.00 target price on shares of Molson Coors Brewing in a research report on Thursday, September 28th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $98.92.

Molson Coors Brewing (NYSE TAP) traded down $0.65 on Wednesday, hitting $79.50. 931,250 shares of the company traded hands, compared to its average volume of 1,586,045. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.69 and a quick ratio of 0.54. Molson Coors Brewing has a twelve month low of $76.25 and a twelve month high of $102.14. The firm has a market capitalization of $17,402.17, a PE ratio of 19.15, a PEG ratio of 2.37 and a beta of 0.83.

Molson Coors Brewing (NYSE:TAP) last released its earnings results on Wednesday, November 1st. The company reported $1.34 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.34. Molson Coors Brewing had a net margin of 17.04% and a return on equity of 7.54%. The business had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.97 billion. During the same period last year, the company earned $1.03 earnings per share. The company’s quarterly revenue was up 204.3% on a year-over-year basis. research analysts expect that Molson Coors Brewing will post 4.34 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be given a $0.41 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $1.64 annualized dividend and a dividend yield of 2.06%. Molson Coors Brewing’s dividend payout ratio is presently 15.83%.

In related news, CFO Tracey Joubert sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $79.15, for a total value of $79,150.00. Following the sale, the chief financial officer now directly owns 22,839 shares of the company’s stock, valued at $1,807,706.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.76% of the stock is currently owned by company insiders.

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About Molson Coors Brewing

Molson Coors Brewing Company (MCBC) is a holding company. The Company operates as a brewer. The Company’s segments include MillerCoors LLC (United States segment), operating in the United States; Molson Coors Canada (Canada segment), operating in Canada; Molson Coors Europe (Europe segment), operating in Bulgaria, Croatia, Czech Republic, Hungary, Montenegro, Republic of Ireland, Romania, Serbia, the United Kingdom and various other European countries; Molson Coors International (Molson Coors International segment), operating in various other countries, and Corporate.

Insider Buying and Selling by Quarter for Molson Coors Brewing (NYSE:TAP)

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