Molson Coors Brewing (NYSE:TAP) was upgraded by equities research analysts at Berenberg Bank from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday, MarketBeat.com reports. The brokerage presently has a $78.00 price target on the stock. Berenberg Bank’s price target indicates a potential upside of 5.11% from the company’s current price.

TAP has been the subject of several other reports. Zacks Investment Research upgraded Molson Coors Brewing from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a report on Tuesday, January 2nd. Stifel Nicolaus restated a “buy” rating and issued a $116.00 price target on shares of Molson Coors Brewing in a report on Friday, December 22nd. Citigroup decreased their price objective on Molson Coors Brewing from $106.00 to $102.00 and set a “buy” rating for the company in a report on Friday, November 3rd. Susquehanna Bancshares reiterated a “buy” rating on shares of Molson Coors Brewing in a report on Wednesday, October 11th. Finally, Morgan Stanley assumed coverage on Molson Coors Brewing in a report on Tuesday, January 9th. They set an “equal weight” rating and a $88.00 price objective for the company. Nine analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $96.68.

Shares of Molson Coors Brewing (NYSE:TAP) opened at $74.21 on Thursday. Molson Coors Brewing has a fifty-two week low of $72.71 and a fifty-two week high of $102.14. The stock has a market capitalization of $16,049.45, a PE ratio of 17.66, a price-to-earnings-growth ratio of 2.00 and a beta of 0.79. The company has a quick ratio of 0.54, a current ratio of 0.69 and a debt-to-equity ratio of 0.83.

In related news, CFO Tracey Joubert sold 1,000 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $79.15, for a total transaction of $79,150.00. Following the completion of the transaction, the chief financial officer now directly owns 22,839 shares of the company’s stock, valued at $1,807,706.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Peter H. Coors sold 55,603 shares of the stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $85.01, for a total value of $4,726,811.03. Following the transaction, the chairman now directly owns 319,222 shares of the company’s stock, valued at $27,137,062.22. The disclosure for this sale can be found here. 2.76% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Dupont Capital Management Corp acquired a new position in Molson Coors Brewing during the third quarter valued at approximately $103,000. Krilogy Financial LLC boosted its position in Molson Coors Brewing by 4,646.4% during the second quarter. Krilogy Financial LLC now owns 1,329 shares of the company’s stock valued at $115,000 after purchasing an additional 1,301 shares during the last quarter. Cerebellum GP LLC acquired a new position in Molson Coors Brewing during the fourth quarter valued at approximately $129,000. Meeder Asset Management Inc. acquired a new position in Molson Coors Brewing during the third quarter valued at approximately $138,000. Finally, Valeo Financial Advisors LLC boosted its position in Molson Coors Brewing by 58.2% during the fourth quarter. Valeo Financial Advisors LLC now owns 1,864 shares of the company’s stock valued at $153,000 after purchasing an additional 686 shares during the last quarter. 77.77% of the stock is owned by hedge funds and other institutional investors.

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Molson Coors Brewing Company Profile

Molson Coors Brewing Company (MCBC) is a holding company. The Company operates as a brewer. The Company’s segments include MillerCoors LLC (United States segment), operating in the United States; Molson Coors Canada (Canada segment), operating in Canada; Molson Coors Europe (Europe segment), operating in Bulgaria, Croatia, Czech Republic, Hungary, Montenegro, Republic of Ireland, Romania, Serbia, the United Kingdom and various other European countries; Molson Coors International (Molson Coors International segment), operating in various other countries, and Corporate.

Analyst Recommendations for Molson Coors Brewing (NYSE:TAP)

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