Some Traders See Unusual Bearish Options Activity in Molson Coors Brewing Co

 Some Traders See Unusual Bearish Options Activity in Molson Coors Brewing Co

In today’s session Molson Coors Brewing Co (TAP) recorded an unusually high (1,633) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious TAP decrease. With 1,633 contracts traded and 654 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: TAP161216P00097500 closed last at: $1.9 or 18.7% up. About 358,732 shares traded hands. Molson Coors Brewing Co (NYSE:TAP) has risen 8.72% since March 29, 2016 and is uptrending. It has outperformed by 5.24% 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 $231.07 million for 24.22 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 9.07% above today’s ($104.65) stock price. Molson Coors Brewing Company has been the topic of 16 analyst reports since August 7, 2015 according to StockzIntelligence Inc. Zacks upgraded Molson Coors Brewing Co (NYSE:TAP) rating on Saturday, August 8. Zacks has “Hold” rating and $83 price target. As per Monday, September 21, the company rating was upgraded by Societe Generale. Susquehanna maintained Molson Coors Brewing Co (NYSE:TAP) on Wednesday, March 16 with “Positive” rating. The firm has “Buy” rating by Bryan Garnier & Cie given on Tuesday, November 17. The stock has “Buy” rating given by Bryan Garnier & Cie on Friday, July 8. The firm earned “Buy” rating on Friday, July 29 by Citigroup. Goldman Sachs maintained the shares of TAP in a report on Monday, October 10 with “Buy” rating. The stock of Molson Coors Brewing Co (NYSE:TAP) earned “Positive” rating by Susquehanna on Wednesday, September 21. The company was maintained on Monday, September 19 by Citigroup. The firm has “Neutral” rating by Citigroup given on Friday, April 8.

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 worsened, 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.
Marshall Wace Limited Liability Partnership has 532,448 shares for 0.45% of their US portfolio. Exxonmobil Invest Mgmt Tx, a Texas-based fund reported 47,661 shares. Meridian Counsel owns 38,576 shares or 2.65% of their US portfolio. Waddell Reed Fincl has 0.44% invested in the company for 2.05M shares. Lba Wealth Mgmt Limited Liability has invested 0.02% of its portfolio in Molson Coors Brewing Co (NYSE:TAP). Delta Asset Mngmt Ltd Liability Com Tn has 1,373 shares for 0.02% of their US portfolio. Diamond Hill Capital Management, a Ohio-based fund reported 687,877 shares. Jpmorgan Chase And accumulated 14.39M shares or 0.36% of the stock. D E Shaw And accumulated 0.02% or 105,375 shares. Oakworth Cap reported 13 shares or 0% of all its holdings. Old Mutual Customised Solutions (Proprietary) Ltd reported 1,900 shares or 0.05% of all its holdings. Overbrook Management owns 50,560 shares or 1.07% of their US portfolio. Diam Limited has invested 0.03% of its portfolio in Molson Coors Brewing Co (NYSE:TAP). Kessler Gru Limited Liability Company has 0% invested in the company for 31 shares. Delta Lloyd Nv has 13,461 shares for 0.05% of their US portfolio.

Insider Transactions: Since May 4, 2016, the stock had 0 buys, and 9 selling transactions for $8.45 million net activity. Another trade for 1,173 shares valued at $116,696 was made by Molson Andrew Thomas on Wednesday, August 3. $294,088 worth of shares were sold by Davis Brenda on Wednesday, May 4. WALKER SAMUEL D also sold $4.34M worth of Molson Coors Brewing Co (NYSE:TAP) shares. Anand Krishnan had sold 13,000 shares worth $1.44M on Wednesday, September 28.

Molson Coors Brewing Company is a holding firm that operates as a brewer. The company has a market cap of $22.39 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 56.92 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 important 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 9News.com published article titled: “Molson Coors adds another woman to its board”, Seekingalpha.com published: “Molson Coors’ MillerCoors Acquisition: Key Takeaways” on October 19, 2016. More interesting news about Molson Coors Brewing Co (NYSE:TAP) was released by: Businesswire.com and their article: “Molson Coors Brewing Company to Webcast 2016 Third Quarter Earnings Conference …” with publication date: October 07, 2016.

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