Molson Coors Brewing Co (TAP) Holder Emerging Sovereign Group LLC Has Trimmed Stake

July 17, 2017 - By test

Investors sentiment decreased to 1.05 in Q4 2016. Its down 0.14, from 1.19 in 2016Q3. It turned negative, as 63 investors sold TAP shares while 157 reduced holdings. 62 funds opened positions while 169 raised stakes. 162.78 million shares or 0.31% more from 162.27 million shares in 2016Q3 were reported. Moreover, Westpac Banking has 0% invested in Molson Coors Brewing Co (NYSE:TAP). Keeley Asset Mgmt Corporation has 0.14% invested in Molson Coors Brewing Co (NYSE:TAP) for 33,184 shares. Advantus Cap Incorporated accumulated 0.05% or 18,411 shares. Regent Ltd Liability has invested 0.31% in Molson Coors Brewing Co (NYSE:TAP). American Registered Inv Advisor Inc, Texas-based fund reported 12,390 shares. Oakworth Cap invested in 13 shares. Putnam Invests has 0.18% invested in Molson Coors Brewing Co (NYSE:TAP). Barclays Public Limited Com holds 0.01% or 140,975 shares. Advisor Partners Limited Company holds 0.09% of its portfolio in Molson Coors Brewing Co (NYSE:TAP) for 3,196 shares. First Natl Tru Commerce has 0.03% invested in Molson Coors Brewing Co (NYSE:TAP). Brown Brothers Harriman & reported 246 shares or 0% of all its holdings. 24,396 are owned by Bokf Na. Ent Financial Services Corp holds 0% or 23 shares in its portfolio. California-based Weatherly Asset LP has invested 0.28% in Molson Coors Brewing Co (NYSE:TAP). Chevy Chase Tru Inc holds 0.08% or 154,639 shares in its portfolio.

Since February 21, 2017, it had 0 insider buys, and 2 insider sales for $220,667 activity. $177,223 worth of Molson Coors Brewing Co (NYSE:TAP) shares were sold by Tabolt Brian. On Tuesday, February 21 the insider Cox Simon sold $43,444.

J Kevin Kenny Jr decreased its stake in Molson Coors Brewing Co (TAP) by 4.94% based on its latest 2016Q4 regulatory filing with the SEC. Emerging Sovereign Group Llc sold 50,820 shares as the company’s stock declined 7.34% while stock markets rallied. The hedge fund run by J Kevin Kenny Jr held 978,047 shares of the beverages (production and distribution) company at the end of 2016Q4, valued at $95.17 million, down from 1.03M at the end of the previous reported quarter. Emerging Sovereign Group Llc who had been investing in Molson Coors Brewing Co for a number of months, seems to be less bullish one the $19.00 billion market cap company. The stock declined 0.58% or $0.51 reaching $87 per share. About 974,418 shares traded. Molson Coors Brewing Co (NYSE:TAP) has declined 3.45% since July 17, 2016 and is downtrending. It has underperformed by 20.15% the S&P500.

Analysts expect Molson Coors Brewing Co (NYSE:TAP) to report $2.10 EPS on August, 1.They anticipate $0.99 EPS change or 89.19 % from last quarter’s $1.11 EPS. TAP’s profit would be $458.62M giving it 10.36 P/E if the $2.10 EPS is correct. After having $0.76 EPS previously, Molson Coors Brewing Co’s analysts see 176.32 % EPS growth.

More recent Molson Coors Brewing Co (NYSE:TAP) news were published by: which released: “Molson Coors Brewing Company to Webcast 2017 Second Quarter Earnings …” on July 14, 2017. Also published the news titled: “Molson Coors Brewing Company: Molson Coors Brewing Company to Webcast 2017 …” on July 14, 2017.‘s news article titled: “Molson Coors Shares Down on Weak Volumes: Will It Rebound?” with publication date: July 10, 2017 was also an interesting one.

Molson Coors Brewing Co (NYSE:TAP) Ratings Coverage

Among 11 analysts covering Molson Coors Brewing Company (NYSE:TAP), 5 have Buy rating, 0 Sell and 6 Hold. Therefore 45% are positive. Molson Coors Brewing Company had 28 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, November 17 by Bryan Garnier & Cie. The firm has “Buy” rating given on Tuesday, December 20 by Stifel Nicolaus. As per Thursday, July 13, the company rating was maintained by Cowen & Co. The stock has “Hold” rating by Zacks on Saturday, August 8. As per Friday, July 29, the company rating was upgraded by Citigroup. Susquehanna maintained Molson Coors Brewing Co (NYSE:TAP) rating on Wednesday, March 16. Susquehanna has “Positive” rating and $126 target. The stock of Molson Coors Brewing Co (NYSE:TAP) earned “Positive” rating by Susquehanna on Wednesday, September 21. Societe Generale upgraded the stock to “Buy” rating in Monday, September 21 report. The firm has “Buy” rating by Citigroup given on Monday, September 19. The firm has “Buy” rating by Bryan Garnier & Cie given on Friday, July 8.

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