In today’s session Molson Coors Brewing Co (TAP) registered an unusually high (1,201) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious TAP increase. With 1,201 contracts traded and 14194 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: TAP161021C00112000 closed last at: $1.4 or 27.3% up. The stock decreased 0.79% or $0.86 during the last trading session, hitting $107.82. About 1.68 million shares traded hands. Molson Coors Brewing Co (NYSE:TAP) has risen 25.58% since March 1, 2016 and is uptrending. It has outperformed by 16.34% the S&P500.
Analysts await Molson Coors Brewing Co (NYSE:TAP) to report earnings on November, 3. They expect $1.08 earnings per share, down 22.86% or $0.32 from last year’s $1.4 per share. TAP’s profit will be $229.38M for 24.96 P/E if the $1.08 EPS becomes a reality. After $1.11 actual earnings per share reported by Molson Coors Brewing Co for the previous quarter, Wall Street now forecasts -2.70% negative EPS growth.
Molson Coors Brewing Co (NYSE:TAP) Ratings Coverage
Out of 5 analysts covering Molson Coors Brewing Company (NYSE:TAP), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. $159 is the highest target while $71 is the lowest. The $111.50 average target is 3.41% above today’s ($107.82) stock price. Molson Coors Brewing Company has been the topic of 15 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The rating was initiated by Bryan Garnier & Cie on Tuesday, November 17 with “Buy”. As per Saturday, August 8, the company rating was upgraded by Zacks. The company was upgraded on Friday, July 29 by Citigroup. The firm has “Neutral” rating given on Friday, April 8 by Citigroup. Bryan Garnier & Cie upgraded Molson Coors Brewing Co (NYSE:TAP) on Friday, July 8 to “Buy” rating. The rating was upgraded by Societe Generale to “Buy” on Monday, September 21. The company was maintained on Wednesday, September 21 by Susquehanna. As per Wednesday, March 16, the company rating was maintained by Susquehanna. The company was maintained on Monday, September 19 by Citigroup.
Insitutional Activity: The institutional sentiment decreased to 1.02 in 2016 Q2. Its down 0.43, from 1.45 in 2016Q1. The ratio dived, as 32 funds sold all Molson Coors Brewing Co shares owned while 178 reduced positions. 55 funds bought stakes while 159 increased positions. They now own 162.65 million shares or 3.89% less from 169.23 million shares in 2016Q1.
Ivory Management Lc accumulated 1.48% or 527,808 shares. Advisors Asset Mngmt has invested 0.02% of its portfolio in Molson Coors Brewing Co (NYSE:TAP). Putnam Invs Lc has invested 0.13% of its portfolio in Molson Coors Brewing Co (NYSE:TAP). Ig Investment Mngmt Limited holds 6,954 shares or 0% of its portfolio. Blair William And Il holds 0.01% of its portfolio in Molson Coors Brewing Co (NYSE:TAP) for 7,146 shares. The Illinois-based Busey Trust has invested 0.03% in Molson Coors Brewing Co (NYSE:TAP). Gam Holdings Ag has invested 0.03% of its portfolio in Molson Coors Brewing Co (NYSE:TAP). Deltec Asset Mgmt Limited Liability Corp has 1.36% invested in the company for 53,590 shares. Goelzer Inv Mngmt Incorporated holds 0.29% or 20,671 shares in its portfolio. Baker Ellis Asset Management Limited Co has 28,181 shares for 0.89% of their US portfolio. Nicholas Prns L P, a California-based fund reported 105,315 shares. Moody Commercial Bank Trust Division owns 11,762 shares or 0.07% of their US portfolio. Oregon Pub Employees Retirement Fund reported 26,650 shares or 0.06% of all its holdings. Banque Pictet & Cie owns 11,950 shares or 0.03% of their US portfolio. Royal London Asset Mgmt Limited, a United Kingdom-based fund reported 51,171 shares.
Insider Transactions: Since April 19, 2016, the stock had 0 buys, and 10 insider sales for $7.53 million net activity. 3,000 Molson Coors Brewing Co (NYSE:TAP) shares with value of $294,088 were sold by Davis Brenda. Anand Krishnan sold 1,869 shares worth $190,638. WALKER SAMUEL D sold $4.34 million worth of Molson Coors Brewing Co (NYSE:TAP) on Friday, August 5. $116,696 worth of shares were sold by Molson Andrew Thomas on Wednesday, August 3.
Molson Coors Brewing Company is a holding firm that operates as a brewer. The company has a market cap of $22.90 billion. The Firm has a portfolio of brands, including Carling, Coors Light, Molson Canadian and Staropramen, as well as craft and specialty beers, such as Blue Moon, Creemore Springs, Cobra and Doom Bar. It has a 58.65 P/E ratio. The Firm operates through four divisions: Molson Coors Canada (MCC or Canada segment); MillerCoors LLC (MillerCoors or U.S. segment); Molson Coors Europe (Europe segment), and Molson Coors International (MCI).
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