What’s in Molson Coors Brewing Co After Today’s Bullish Options Activity?

 What's in Molson Coors Brewing Co After Today's Bullish Options Activity?

In today’s session Molson Coors Brewing Co (TAP) registered an unusually high (1,105) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious TAP increase. With 1,105 contracts traded and 19904 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: TAP170120C00105000 closed last at: $1.15 or 20.7% down. About 102,175 shares traded hands. Molson Coors Brewing Co (NYSE:TAP) has risen 3.41% since April 22, 2016 and is uptrending. It has underperformed by 2.00% the S&P500.

Analysts await Molson Coors Brewing Co (NYSE:TAP) to report earnings on February, 9. They expect $0.80 earnings per share, up 63.27% or $0.31 from last year’s $0.49 per share. TAP’s profit will be $170.10M for 31.35 P/E if the $0.80 EPS becomes a reality. After $1.03 actual earnings per share reported by Molson Coors Brewing Co for the previous quarter, Wall Street now forecasts -22.33% 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 13.78% above today’s ($100.32) stock price. Molson Coors Brewing Company has been the topic of 16 analyst reports since August 7, 2015 according to StockzIntelligence Inc. Citigroup maintained the shares of TAP in a report on Monday, September 19 with “Buy” rating. The firm has “Buy” rating by Societe Generale given on Monday, September 21. As per Saturday, August 8, the company rating was upgraded by Zacks. As per Friday, July 8, the company rating was upgraded by Bryan Garnier & Cie. On Wednesday, September 21 the stock rating was maintained by Susquehanna with “Positive”. The stock has “Neutral” rating given by Citigroup on Friday, April 8. The company was maintained on Monday, October 10 by Goldman Sachs. The rating was initiated by Bryan Garnier & Cie with “Buy” on Tuesday, November 17. The stock of Molson Coors Brewing Co (NYSE:TAP) has “Buy” rating given on Friday, July 29 by Citigroup. Susquehanna maintained Molson Coors Brewing Co (NYSE:TAP) on Wednesday, March 16 with “Positive” rating.

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 increased to 1.19 in 2016 Q2. Its up 0.17, from 1.02 in 2016Q1. The ratio increased, 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.
Fieldpoint Private last reported 9,555 shares in the company. Savings Bank Of Montreal Can accumulated 0.09% or 760,288 shares. Oakbrook Invests Lc has 0.12% invested in the company for 21,600 shares. Keeley Asset Management owns 36,365 shares or 0.15% of their US portfolio. Prudential Public Ltd last reported 0.03% of its portfolio in the stock. Commonwealth Equity Svcs holds 0.01% of its portfolio in Molson Coors Brewing Co (NYSE:TAP) for 8,601 shares. Keybank National Association Oh last reported 0.01% of its portfolio in the stock. Montag Caldwell Ltd has invested 0.01% of its portfolio in Molson Coors Brewing Co (NYSE:TAP). Pointstate Cap L P last reported 0.02% of its portfolio in the stock. Texas Yale Corporation holds 2,698 shares or 0.03% of its portfolio. Moreover, Bp Public Ltd has 0.08% invested in Molson Coors Brewing Co (NYSE:TAP) for 20,000 shares. Timber Creek Cap Ltd Co last reported 10 shares in the company. Zurcher Kantonalbank (Zurich Cantonalbank), a Switzerland-based fund reported 89,264 shares. Rhumbline Advisers has 262,036 shares for 0.08% of their US portfolio. Eqis Capital Mngmt Incorporated has 4,451 shares for 0.03% of their US portfolio.

Insider Transactions: Since June 1, 2016, the stock had 0 insider buys, and 8 insider sales for $8.43 million net activity. Anand Krishnan had sold 1,870 shares worth $196,350. Another trade for 1,173 shares valued at $116,696 was sold by Molson Andrew Thomas. 43,404 shares were sold by WALKER SAMUEL D, worth $4.34 million on Friday, August 5.

Molson Coors Brewing Company is a holding firm that operates as a brewer. The company has a market cap of $21.33 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 37.31 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: Nasdaq.com which released: “Molson Coors Brewing Company (TAP) Ex-Dividend Date Scheduled for November 28 …” on November 25, 2016, also Wsj.com published article titled: “Molson Coors CFO Resigns; Company Cites ‘Personal Conduct’ Unrelated to Business”, Marketwatch.com published: “Coors Light parent Molson Coors Brewing Co. reports improved Q3 profit as …” on November 01, 2016. More interesting news about Molson Coors Brewing Co (NYSE:TAP) was released by: Forbes.com and their article: “Molson Coors Brewing Enters Oversold Territory (TAP)” with publication date: November 18, 2016.

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.

Related posts

Leave a Comment