Insider Filing On Watch: Mark Hunter an Insider in Molson Coors Brewing Co (NYSE:TAP) Unloaded 5,851 Shares of the Company

November 25, 2016 - By Winifred Garcia

Insider Filing On Watch: Mark Hunter an Insider in Molson Coors Brewing Co (NYSE:TAP) Unloaded 5,851 Shares of the Company

Mark Hunter Insider Sell

Mark Hunter is the Pres & CEO of Molson Coors Brewing Co. He recently sold 5,851 shares in the Pinksheet-listed Molson Coors Brewing Co with the sale value totalling nearly $585,100 US Dollars. The number is according to the filed price of $100.0 per share. Mark completed this deal on 25/11/2016. The report is readily available here at the SEC website. Mark Hunter right now owns 0.03% of the company’s market capitalization with ownership of 69,991 shares. 

Molson Coors Brewing Co (NYSE:TAP) Ratings Coverage

Out of 6 analysts covering Molson Coors Brewing Company (NYSE:TAP), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. $159 is the highest target while $71 is the lowest. The $114.14 average target is 14.14% above today’s ($100) stock price. Molson Coors Brewing Company has been the topic of 16 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The rating was upgraded by Citigroup to “Buy” on Friday, July 29. The stock of Molson Coors Brewing Co (NYSE:TAP) has “Buy” rating given on Monday, September 19 by Citigroup. As per Monday, September 21, the company rating was upgraded by Societe Generale. The stock of Molson Coors Brewing Co (NYSE:TAP) has “Positive” rating given on Wednesday, March 16 by Susquehanna. The stock of Molson Coors Brewing Co (NYSE:TAP) earned “Buy” rating by Bryan Garnier & Cie on Tuesday, November 17. The stock of Molson Coors Brewing Co (NYSE:TAP) earned “Positive” rating by Susquehanna on Wednesday, September 21. As per Saturday, August 8, the company rating was upgraded by Zacks. The stock has “Buy” rating given by Goldman Sachs on Monday, October 10. On Friday, July 8 the stock rating was upgraded by Bryan Garnier & Cie to “Buy”. The stock has “Neutral” rating given by Citigroup on Friday, April 8.

Insitutional Activity: The institutional sentiment increased to 1.19 in Q2 2016. Its up 0.17, from 1.02 in 2016Q1. The ratio increased, as 32 funds sold all Molson Coors Brewing Co shares owned while 178 reduced positions. 55 funds bought stakes while 159 increased positions. They now own 162.65 million shares or 3.89% less from 169.23 million shares in 2016Q1.

Diversified Tru reported 2,708 shares or 0.03% of all its holdings. Independent Port Consultants accumulated 0.08% or 2,505 shares. Moreover, Fir Tree has 3.56% invested in Molson Coors Brewing Co (NYSE:TAP) for 859,200 shares. Nordea Investment Mgmt Ab holds 0% or 6,622 shares in its portfolio. Amalgamated Natl Bank has invested 0.05% of its portfolio in Molson Coors Brewing Co (NYSE:TAP). Winton Cap Gp reported 68,397 shares or 0.11% of all its holdings. Mutual Of America Capital Management Ltd Llc holds 0.05% of its portfolio in Molson Coors Brewing Co (NYSE:TAP) for 21,191 shares. Tower Rech Cap Ltd Liability (Trc) last reported 0.03% of its portfolio in the stock. Guardian Life Insurance Of America last reported 684 shares in the company. The Illinois-based Deere & Commerce has invested 0.05% in Molson Coors Brewing Co (NYSE:TAP). Moreover, Citigroup has 0% invested in Molson Coors Brewing Co (NYSE:TAP) for 19,367 shares. Employees Retirement Systems Of Texas holds 0.01% or 10,000 shares in its portfolio. Fincl Architects Inc last reported 17 shares in the company. Ig Invest Ltd owns 6,954 shares or 0% of their US portfolio. Axiom Invsts De owns 7,100 shares or 0.02% of their US portfolio.

Insider Transactions: Since June 1, 2016, the stock had 0 insider buys, and 8 insider sales for $8.43 million net activity. Anand Krishnan had sold 1,869 shares worth $190,638 on Friday, July 29. WALKER SAMUEL D sold 43,404 shares worth $4.34M. Another trade for 1,173 shares valued at $116,696 was made by Molson Andrew Thomas on Wednesday, August 3.

About 716,927 shares traded hands. Molson Coors Brewing Co (NYSE:TAP) has risen 3.41% since April 22, 2016 and is uptrending. It has underperformed by 2.00% the S&P500.

Molson Coors Brewing Company is a holding firm that operates as a brewer. The company has a market cap of $21.20 billion. The Firm 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. It has a 37.09 P/E ratio. The Firm operates through four divisions: Molson Coors Canada (MCC or Canada segment); MillerCoors LLC (MillerCoors or U.S. segment); Molson Coors Europe (Europe segment), and Molson Coors International (MCI).

According to Zacks Investment Research, “Molson Coors Brewing Company is world’s fifth-largest global brewer. Molson Coors Brewing Company has 15,000 employees worldwide, 18 breweries, and a broad portfolio of over 40 brands, including Molson Canadian, Coors Light and Carling.”

Analysts await Molson Coors Brewing Co (NYSE:TAP) to report earnings on February, 9. They expect $0.80 EPS, up 63.27% or $0.31 from last year’s $0.49 per share. TAP’s profit will be $169.60M for 31.25 P/E if the $0.80 EPS becomes a reality. After $1.03 actual EPS reported by Molson Coors Brewing Co for the previous quarter, Wall Street now forecasts -22.33% negative EPS growth.

More notable recent Molson Coors Brewing Co (NYSE:TAP) news were published by: Nasdaq.com which released: “Molson Coors Brewing Company (TAP) Ex-Dividend Date Scheduled for November 28 ..” on November 25, 2016, also Wsj.com with their article: “Molson Coors CFO Resigns; Company Cites ‘Personal Conduct’ Unrelated to Business” published on November 17, 2016, Marketwatch.com published: “Coors Light parent Molson Coors Brewing Co. reports improved Q3 profit as ..” on November 01, 2016. More interesting news about Molson Coors Brewing Co (NYSE:TAP) were released by: Streetinsider.com and their article: “Form 4 MOLSON COORS BREWING CO For: Nov 22 Filed by: Riley H Sanford” published on November 25, 2016 as well as Forbes.com‘s news article titled: “Molson Coors Brewing Enters Oversold Territory (TAP)” with publication date: November 18, 2016.

TAP Company Profile

Molson Coors Brewing Company (MCBC), incorporated on August 14, 2003, is a holding firm that operates as a brewer. The Firm 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 Firm operates in four divisions: Molson Coors Canada (MCC or Canada segment), operating in Canada; MillerCoors LLC (MillerCoors or U.S. segment), operating in the United States; Molson Coors Europe (Europe segment), operating in Bosnia-Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Montenegro, Republic of Ireland, Romania, Serbia, Slovakia and the United Kingdom, and Molson Coors International (MCI), operating in various other countries.

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