Media coverage about Molson Coors Brewing (NYSE:TAP) has trended somewhat positive on Saturday, Accern Sentiment reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Molson Coors Brewing earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 46.3829695882521 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news articles that may have impacted Accern’s analysis:
- Molson Coors Brewing Company (TAP) price movement is underground the 200 day moving average – trend is … – Analyst Recommendation (press release) (blog) (analystrecommendation.com)
- Agree To Purchase Molson Coors Brewing Co. At $55, Earn 4% Using Options – Nasdaq (nasdaq.com)
- MillerCoors trying to jump-start Milwaukee's Best with 15-packs (finance.yahoo.com)
- Kirin (KNBWY) vs. Molson Coors Brewing (TAP) Critical Comparison (americanbankingnews.com)
- Molson Coors Brewing (TAP) & Coca Cola HBC (CCHGY) Head to Head Comparison (americanbankingnews.com)
Shares of TAP stock traded down $2.23 during trading on Friday, reaching $72.16. The company had a trading volume of 3,130,090 shares, compared to its average volume of 1,943,300. Molson Coors Brewing has a 52 week low of $72.07 and a 52 week high of $97.73. The company has a market capitalization of $16,035.21, a price-to-earnings ratio of 11.22, a PEG ratio of 1.66 and a beta of 0.86. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.47 and a current ratio of 0.64.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Monday, March 5th were paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.27%. The ex-dividend date was Friday, March 2nd. Molson Coors Brewing’s payout ratio is 25.51%.
Several research firms recently issued reports on TAP. Zacks Investment Research upgraded Molson Coors Brewing from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a research report on Monday, February 19th. Credit Suisse Group upgraded Molson Coors Brewing from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $94.00 to $96.00 in a research report on Monday, February 12th. BMO Capital Markets began coverage on Molson Coors Brewing in a research report on Monday, February 5th. They set an “outperform” rating and a $95.00 target price for the company. Susquehanna Bancshares set a $107.00 target price on Molson Coors Brewing and gave the stock a “buy” rating in a research report on Monday, February 12th. Finally, Berenberg Bank upgraded Molson Coors Brewing from a “sell” rating to a “hold” rating and set a $78.00 target price for the company in a research report on Thursday, February 8th. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Molson Coors Brewing presently has an average rating of “Buy” and a consensus target price of $96.30.
In other news, Chairman Peter H. Coors sold 55,603 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $85.01, for a total value of $4,726,811.03. Following the completion of the sale, the chairman now directly owns 319,222 shares of the company’s stock, valued at approximately $27,137,062.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.76% of the stock is owned by company insiders.
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About Molson Coors Brewing
Molson Coors Brewing Company manufactures and sells beer and other beverage products in the United States, Canada, Europe, and internationally. It sells various products under the Coors Light, Miller Lite, Coors Banquet, the Blue Moon Brewing Company brands, the Jacob Leinenkugel Brewing Company brands, Keystone, Icehouse, Mickey's, Miller 64, Miller Genuine Draft, Miller High Life, Milwaukee's Best, Hamm's, Olde English 800, Steel Reserve, Crispin, Smith & Forge, Redd's, the Henry's Hard Soda, and Steel Reserve Alloy Series brands.
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