Molson Coors Brewing Co Can Burn Your Long Portfolio. Option Traders Are Bearish

 Molson Coors Brewing Co Can Burn Your Long Portfolio. Option Traders Are Bearish

In today’s session Molson Coors Brewing Co (TAP) recorded an unusually high (349) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious TAP decrease. With 349 contracts traded and 7074 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: TAP161118P00097500 closed last at: $0.3 or 25% down. About 893,798 shares traded hands. Molson Coors Brewing Co (NYSE:TAP) has risen 10.71% since April 8, 2016 and is uptrending. It has outperformed by 5.06% the S&P500.

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 15.14% above today’s ($99.13) stock price. Molson Coors Brewing Company has been the topic of 16 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The rating was upgraded by Citigroup on Friday, July 29 to “Buy”. The stock of Molson Coors Brewing Co (NYSE:TAP) earned “Buy” rating by Bryan Garnier & Cie on Friday, July 8. The rating was upgraded by Societe Generale on Monday, September 21 to “Buy”. As per Wednesday, September 21, the company rating was maintained by Susquehanna. The firm has “Buy” rating by Goldman Sachs given on Monday, October 10. Citigroup initiated the stock with “Neutral” rating in Friday, April 8 report. As per Tuesday, November 17, the company rating was initiated by Bryan Garnier & Cie. The firm has “Buy” rating given on Monday, September 19 by Citigroup. The firm has “Positive” rating by Susquehanna given on Wednesday, March 16. The rating was upgraded by Zacks to “Hold” on Saturday, August 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 Q2 2016. 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.
Moreover, Global X Communication Lc has 0.01% invested in Molson Coors Brewing Co (NYSE:TAP) for 1,401 shares. Oakworth Capital Inc holds 13 shares or 0% of its portfolio. Chevy Chase Holdings holds 0.09% or 158,387 shares in its portfolio. Tarbox Gp accumulated 111 shares or 0.01% of the stock. Reliance Tru Communication Of Delaware last reported 0.02% of its portfolio in the stock. Td Asset Management Inc holds 0.04% of its portfolio in Molson Coors Brewing Co (NYSE:TAP) for 223,635 shares. Legal And General Grp Inc Public Limited Com has invested 0.08% of its portfolio in Molson Coors Brewing Co (NYSE:TAP). Oakbrook Invests Ltd Liability Corporation holds 0.12% or 21,600 shares in its portfolio. First Advsr Ltd Partnership has 44,284 shares for 0.01% of their US portfolio. Moreover, Gradient Invs Ltd Limited Liability Company has 0% invested in Molson Coors Brewing Co (NYSE:TAP) for 130 shares. Catalyst Cap Ltd Liability Company accumulated 70,500 shares or 1.32% of the stock. Sumitomo Mitsui Holdg has 0.09% invested in the company for 521,695 shares. Wellington Management Grp Inc Llp accumulated 6.27M shares or 0.16% of the stock. California Employees Retirement System has 0.05% invested in the company for 331,900 shares. Clearbridge Invests Limited Liability Corp holds 5,044 shares or 0% of its portfolio.

Insider Transactions: Since June 1, 2016, the stock had 0 insider purchases, and 8 sales for $8.43 million net activity. On Wednesday, August 3 Molson Andrew Thomas sold $116,696 worth of the stock or 1,173 shares. Anand Krishnan also sold $196,350 worth of Molson Coors Brewing Co (NYSE:TAP) on Tuesday, September 6. Another trade for 5,033 shares valued at $528,745 was sold by WALKER SAMUEL D.

Molson Coors Brewing Company is a holding firm that operates as a brewer. The company has a market cap of $20.74 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 36.87 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 news for Molson Coors Brewing Co (NYSE:TAP) were recently published by: Marketwatch.com, which released: “Coors Light parent Molson Coors Brewing Co. reports improved Q3 profit as …” on November 01, 2016. Jsonline.com‘s article titled: “‘Business as usual’ in Milwaukee after beer deal” and published on October 11, 2016 is yet another important article.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags:

Related posts

Leave a Comment