Molson Coors Brewing Co. (NYSE:TAP) hit a new 52-week high on Friday . The company traded as high as $104.24 and last traded at $103.88, with a volume of 482,509 shares trading hands. The stock had previously closed at $102.47.

A number of brokerages recently weighed in on TAP. Stifel Nicolaus reaffirmed a “buy” rating and set a $134.00 price objective (up previously from $119.00) on shares of Molson Coors Brewing in a research report on Sunday, June 12th. Susquehanna reaffirmed a “buy” rating and set a $130.00 price objective on shares of Molson Coors Brewing in a research report on Tuesday, June 7th. Zacks Investment Research raised Molson Coors Brewing from a “hold” rating to a “buy” rating and set a $114.00 price objective on the stock in a research report on Tuesday, July 12th. Bryan, Garnier & Co raised Molson Coors Brewing to a “buy” rating in a research report on Friday, July 8th. Finally, Citigroup Inc. raised Molson Coors Brewing from a “neutral” rating to a “buy” rating and raised their price objective for the company from $101.00 to $115.00 in a research report on Friday, July 29th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Molson Coors Brewing has an average rating of “Buy” and an average price target of $113.25.

The company’s 50 day moving average price is $99.84 and its 200-day moving average price is $97.03. The firm has a market capitalization of $22.33 billion and a P/E ratio of 53.89.

Molson Coors Brewing (NYSE:TAP) last posted its earnings results on Tuesday, August 2nd. The company reported $1.11 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.11. The business earned $986.20 million during the quarter, compared to analysts’ expectations of $970.25 million. During the same quarter in the prior year, the firm earned $1.41 EPS. Molson Coors Brewing’s revenue for the quarter was down 1.9% compared to the same quarter last year. On average, equities analysts predict that Molson Coors Brewing Co. will post $3.23 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Wednesday, August 31st will be issued a $0.41 dividend. The ex-dividend date of this dividend is Monday, August 29th. This represents a $1.64 annualized dividend and a dividend yield of 1.60%.

In related news, Director Andrew Thomas Molson sold 1,173 shares of the business’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $99.49, for a total value of $116,701.77. Following the sale, the director now owns 6,834 shares in the company, valued at approximately $679,914.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Krishnan Anand sold 1,869 shares of the business’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $102.00, for a total value of $190,638.00. Following the completion of the sale, the chief executive officer now owns 26,777 shares in the company, valued at approximately $2,731,254. The disclosure for this sale can be found here.

Molson Coors Brewing Company (MCBC) is a holding company that operates as a brewer. The Company 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 Company operates through four segments: Molson Coors Canada (MCC or Canada segment); MillerCoors LLC (MillerCoors or U.S.

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