Molson Coors Brewing Company (TAP) was Reiterated by Stifel to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 119 from a previous price target of $115 . Stifel advised their investors in a research report released on May 4, 2016.
Many Wall Street Analysts have commented on Molson Coors Brewing Company. Molson Coors Brewing Company was Initiated by Citigroup to “Neutral” on Apr 8, 2016.
On the company’s financial health, Molson Coors Brewing Company reported $0.54 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.43. The company had revenue of $657.20 million for the quarter, compared to analysts expectations of $627.90 million. The company’s revenue was down -6.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.56 EPS.
Molson Coors Brewing Company opened for trading at $95.56 and hit $97.135 on the upside on Monday, eventually ending the session at $96.77, with a gain of 1.19% or 1.14 points. The heightened volatility saw the trading volume jump to 20,70,083 shares. Company has a market cap of $20,751 M.
In a different news, on Apr 21, 2016, Krishnan Anand (Pres & CEO Molson Coors Int’l) sold 2,260 shares at $98.00 per share price. According to the SEC, on Mar 7, 2016, Samuel D Walker (Chief People & Legal Officer) sold 63,800 shares at $88.46 per share price. On Nov 25, 2015, Stewart Glendinning (Pres&CEO, Molson Coors Canada) sold 4,500 shares at $91.88 per share price, according to the Form-4 filing with the securities and exchange commission.
Molson Coors Brewing Company (MCBC) is a holding Company that operates as a brewer. The Company has a portfolio of owned and partner brands including Carling Coors Light Molson Canadian and Staropramen brands as well as craft and beers such as Blue Moon Creemore Springs Cobra and Sharp’s Doom Bar. The Company operates in four segments: Molson Coors Canada (MCC or Canada segment) operating in Canada; MillerCoors LLC (MillerCoors or U.S. segment) operating in the United States (U.S.); 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 (U.K.) and Molson Coors International (MCI) operating in various other countries.