Investors sold shares of Molson Coors Brewing Co. (NYSE:TAP) on strength during trading hours on Friday. $22.53 million flowed into the stock on the tick-up and $61.16 million flowed out of the stock on the tick-down, for a money net flow of $38.63 million out of the stock. Of all stocks tracked, Molson Coors Brewing had the 0th highest net out-flow for the day. Molson Coors Brewing traded up $1.74 for the day and closed at $104.21

A number of brokerages have commented on TAP. Susquehanna restated a “buy” rating and set a $130.00 price objective on shares of Molson Coors Brewing in a research report on Sunday, July 17th. Zacks Investment Research upgraded shares of Molson Coors Brewing from a “hold” rating to a “buy” rating and set a $114.00 price objective for the company in a research report on Tuesday, July 12th. Stifel Nicolaus restated a “top pick” rating on shares of Molson Coors Brewing in a research report on Wednesday, July 6th. Citigroup Inc. upgraded shares of Molson Coors Brewing from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $101.00 to $115.00 in a research report on Friday, July 29th. Finally, Bryan, Garnier & Co upgraded shares of Molson Coors Brewing to a “buy” rating in a report on Friday, July 8th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $113.25.

The firm has a market capitalization of $22.38 billion and a PE ratio of 54.02. The firm’s 50-day moving average is $100.07 and its 200-day moving average is $97.11.

Molson Coors Brewing (NYSE:TAP) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $1.11 EPS for the quarter, hitting analysts’ consensus estimates of $1.11. The business earned $986.20 million during the quarter, compared to analyst estimates of $970.25 million. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.41 EPS. Analysts anticipate that Molson Coors Brewing Co. will post $3.23 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date is Monday, August 29th.

In other Molson Coors Brewing news, Director Andrew Thomas Molson sold 1,173 shares of Molson Coors Brewing stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $99.49, for a total value of $116,701.77. Following the completion of the transaction, the director now owns 6,834 shares of the company’s stock, valued at $679,914.66. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Krishnan Anand sold 1,869 shares of Molson Coors Brewing stock in a transaction on Friday, July 29th. The stock was sold at an average price of $102.00, for a total transaction of $190,638.00. Following the completion of the transaction, the chief executive officer now directly owns 26,777 shares of the company’s stock, 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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