What’s Propelling Molson Coors Brewing Co to Increase So Much?

 What's Propelling Molson Coors Brewing Co to Increase So Much?

In today’s session Molson Coors Brewing Co (TAP) registered an unusually high (2,228) 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 2,228 contracts traded and 34914 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: TAP161021C00112000 closed last at: $0.5 or 50% down. About 37,921 shares traded hands. Molson Coors Brewing Co (NYSE:TAP) has risen 18.16% since March 16, 2016 and is uptrending. It has outperformed by 12.61% 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 $231.22 million for 25.42 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 6 analysts covering Molson Coors Brewing Company (NYSE:TAP), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. $159 is the highest target while $71 is the lowest. The $114.14 average target is 3.94% above today’s ($109.81) stock price. Molson Coors Brewing Company has been the topic of 16 analyst reports since August 7, 2015 according to StockzIntelligence Inc. Citigroup upgraded Molson Coors Brewing Co (NYSE:TAP) on Friday, July 29 to “Buy” rating. The stock has “Buy” rating given by Societe Generale on Monday, September 21. The stock of Molson Coors Brewing Co (NYSE:TAP) has “Neutral” rating given on Friday, April 8 by Citigroup. On Monday, October 10 the stock rating was maintained by Goldman Sachs with “Buy”. The stock has “Buy” rating given by Bryan Garnier & Cie on Tuesday, November 17. Citigroup maintained the shares of TAP in a report on Monday, September 19 with “Buy” rating. Susquehanna maintained it with “Positive” rating and $159 target price in Wednesday, September 21 report. The rating was upgraded by Zacks to “Hold” on Saturday, August 8. The firm earned “Buy” rating on Friday, July 8 by Bryan Garnier & Cie. The stock of Molson Coors Brewing Co (NYSE:TAP) has “Positive” rating given on Wednesday, March 16 by Susquehanna.

According to Zacks Investment Research, “Molson Coors Brewing Company is world’s fifth-largest global brewer. Molson Coors Brewing Company has 15,000 employees worldwide, 18 breweries, and a broad portfolio of over 40 brands, including Molson Canadian, Coors Light and Carling.”

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.
Montag A And Incorporated holds 0.03% or 2,340 shares in its portfolio. Renaissance Technology Limited Liability Corporation, a New York-based fund reported 500,500 shares. Parametrica Management last reported 0.3% of its portfolio in the stock. Numeric Ltd holds 0.01% of its portfolio in Molson Coors Brewing Co (NYSE:TAP) for 10,800 shares. River Road Asset Management Ltd Liability Corporation has 346,569 shares for 0.74% of their US portfolio. Moreover, Checchi Capital Advisers Ltd Liability Co has 0.01% invested in Molson Coors Brewing Co (NYSE:TAP) for 1,294 shares. Bank Of Montreal Can holds 0.09% or 760,288 shares in its portfolio. Arizona State Retirement System reported 45,121 shares or 0.06% of all its holdings. Gluskin Sheff Assocs Incorporated holds 2.04% of its portfolio in Molson Coors Brewing Co (NYSE:TAP) for 232,570 shares. Newman Dignan And Sheerar Inc last reported 9,120 shares in the company. Wfg Limited Partnership accumulated 0% or 10 shares. Davidson Kempner Management Lp has 1.64% invested in the company for 360,837 shares. Archon Prtn Limited reported 113,700 shares or 3.14% of all its holdings. Gam Ag holds 0.03% or 19,954 shares in its portfolio. Coastline Trust Co has invested 0.06% of its portfolio in Molson Coors Brewing Co (NYSE:TAP).

Insider Transactions: Since May 4, 2016, the stock had 0 insider purchases, and 10 selling transactions for $8.75 million net activity. $190,638 worth of Molson Coors Brewing Co (NYSE:TAP) shares were sold by Anand Krishnan. Another trade for 5,033 shares valued at $528,745 was sold by WALKER SAMUEL D. $116,696 worth of Molson Coors Brewing Co (NYSE:TAP) shares were sold by Molson Andrew Thomas. Davis Brenda sold $294,088 worth of stock.

Molson Coors Brewing Company is a holding firm that operates as a brewer. The company has a market cap of $23.51 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 59.73 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).

TAP Company Profile

Molson Coors Brewing Company (MCBC), incorporated on August 14, 2003, is a holding firm that operates as a brewer. 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. The Firm operates in four divisions: Molson Coors Canada (MCC or Canada segment), operating in Canada; MillerCoors LLC (MillerCoors or U.S. segment), operating in the United States; Molson Coors Europe (Europe segment), operating in Bosnia-Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Montenegro, Republic of Ireland, Romania, Serbia, Slovakia and the United Kingdom, and Molson Coors International (MCI), operating in various other countries.

More recent Molson Coors Brewing Co (NYSE:TAP) news were published by: Reuters.com which released: “BUZZ-Molson Coors Brewing Co: SABMiller shareholders approve takeover” on September 28, 2016. Also Businesswire.com published the news titled: “Molson Coors Brewing Company to Webcast 2016 Third Quarter Earnings Conference …” on October 07, 2016. 9News.com‘s news article titled: “Molson Coors is closer to MillerCoors takeover as beer mega-merger advances” with publication date: September 28, 2016 was also an interesting one.

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