Molson Coors' quarterly sales fall 4.2 per cent

Several other large investors also recently modified their holdings of TAP. "The biggest news for 2016 was completing our acquisition of the remaining 58 percent of MillerCoors and the Miller global brand portfolio for $12 billion, representing the largest transaction in the Company's history, which made Molson Coors the third-largest global brewer", Chief Executive Mark Hunter. Tdam USA Inc. now owns 7,611 shares of the company's stock valued at $836,000 after buying an additional 40 shares in the last quarter. The Company operates through four segments: Molson Coors Canada (MCC or Canada segment); MillerCoors LLC (MillerCoors or US segment); Molson Coors Europe (Europe segment), and Molson Coors International (MCI). BlackRock Institutional Trust Company N.A. increased its stake in Molson Coors Brewing Company by 1.5% in the third quarter. Bank of New York Mellon Corp increased its stake in Molson Coors Brewing Company by 2.7% in the third quarter. Aberdeen Asset Management PLC UK now owns 341,964 shares of the company's stock valued at $34,582,000 after buying an additional 9,044 shares during the last quarter. Finally, BlackRock Fund Advisors increased its stake in Molson Coors Brewing Company by 4.9% in the third quarter.

Molson Coors Brewing Company (NYSE:TAP) is trading up on a volume of 1.65 million, or 1.09 times its standard daily volume.

While worldwide beer volume rose 1.2 percent, volume for Coors Light fell 1.9 percent. Molson Coors Brewing Company has a 12 month low of $83.30 and a 12 month high of $112.19. The firm's 50 day moving average is $97.04 and its 200 day moving average is $101.05. The Market Cap of the company stands at 20.78 Billion.

Molson Coors Brewing Company (NYSE:TAP) last announced its earnings results on Tuesday, February 14th.

November 01, 2016: Molson Coors Brewing Company (NYSE:TAP) reported Q3 earnings of $1.91, beating consensus estimates of $0.95. The Return on Assets stands at 4.3%, Return on Equity shows 7.6% and Return on Investment value is 4.7%.

Many Analysts provided their foresight on Revenue Estimates of Molson Coors Brewing Company where they believe that the company has the potential to earn average revenue of $2.57 Billion for the current quarter. Earnings, adjusted for non-recurring gains, were 46 cents per share, while analysts polled by FactSet, on average, expected 88 cents per share. Finally, Jackson Grant Investment Advisers Inc. increased its stake in shares of Molson Coors Brewing Company by 397.5% in the second quarter. If you are viewing this piece on another site, it was illegally copied and reposted in violation of United States & global copyright and trademark legislation.

Several equities research analysts recently issued reports on the stock. Credit Suisse Group assumed coverage on shares of Molson Coors Brewing Company in a research note on Monday, January 23rd. They set a "neutral" rating and a $106.00 target price for the company.

10 analysts rated the stock of Royal Caribbean Cruises Ltd. (NYSE:RCL) as "STRONG BUY", 8 rated as "BUY" and 5 issued a "HOLD" rating. The stock now has a consensus rating of "Buy" and a consensus target price of $126.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The disclosure for this purchase can be found here.

More analysts at Reuters have a buy or better ratings (8) on the Molson Coors Brewing Company stock than those who have a hold (3) rating while the 12-month target price suggested by the average analysts is $118.45. 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.

Related News: