As Molson Coors Brewing Co (TAP) Stock Declined, Arlington Value Capital LLC Lowered Position

Molson Coors Brewing Company (NYSE:TAP) LogoInvestors sentiment increased to 1.2 in Q1 2019. Its up 0.12, from 1.08 in 2018Q4. It improved, as 52 investors sold TAP shares while 147 reduced holdings. 62 funds opened positions while 177 raised stakes. 157.87 million shares or 1.54% less from 160.34 million shares in 2018Q4 were reported. Toronto Dominion State Bank holds 0.01% in Molson Coors Brewing Company (NYSE:TAP) or 131,960 shares. Lazard Asset Mgmt Lc accumulated 1.76M shares or 0.17% of the stock. Regentatlantic Cap Limited Liability Company holds 0.27% or 64,403 shares in its portfolio. Sun Life Financial Inc accumulated 319 shares or 0% of the stock. Interocean Cap Ltd Liability Company invested 1.16% in Molson Coors Brewing Company (NYSE:TAP). Whittier Tru Company Of Nevada Inc holds 1,503 shares or 0.01% of its portfolio. Cognios Capital Limited Co reported 37,127 shares or 0.78% of all its holdings. Synovus accumulated 500 shares. Washington Tru Bancorporation reported 0.02% stake. Snow Limited Partnership holds 0.05% or 12,424 shares in its portfolio. Meridian Investment Counsel, California-based fund reported 42,689 shares. Savings Bank Of Montreal Can invested in 0% or 24 shares. M&T Savings Bank Corp invested in 0% or 7,557 shares. Davenport Comm Ltd Liability Co reported 4,430 shares. Citadel Advisors Ltd Limited Liability Company invested in 0.01% or 209,995 shares.

Arlington Value Capital Llc decreased its stake in Molson Coors Brewing Co (TAP) by 42.43% based on its latest 2019Q1 regulatory filing with the SEC. Arlington Value Capital Llc sold 425,424 shares as the company’s stock declined 2.31% while stock markets rallied. The hedge fund held 577,321 shares of the beverages (production and distribution) company at the end of 2019Q1, valued at $34.44 million, down from 1.00M at the end of the previous reported quarter. Arlington Value Capital Llc who had been investing in Molson Coors Brewing Co for a number of months, seems to be less bullish one the $11.79B market cap company. The stock decreased 0.71% or $0.39 during the last trading session, reaching $54.38. About 1.79 million shares traded or 14.13% up from the average. Molson Coors Brewing Company (NYSE:TAP) has declined 3.51% since July 14, 2018 and is downtrending. It has underperformed by 7.94% the S&P500.

Analysts await Molson Coors Brewing Company (NYSE:TAP) to report earnings on August, 7. They expect $1.64 earnings per share, down 12.77 % or $0.24 from last year’s $1.88 per share. TAP’s profit will be $355.47M for 8.29 P/E if the $1.64 EPS becomes a reality. After $0.52 actual earnings per share reported by Molson Coors Brewing Company for the previous quarter, Wall Street now forecasts 215.38 % EPS growth.

More notable recent Molson Coors Brewing Company (NYSE:TAP) news were published by: Investorplace.com which released: “Why Hexo Stock Is a Promising Buy Now – Investorplace.com” on July 11, 2019, also Investingnews.com with their article: “Spending on Cannabis Drinks Gains Investor Attention – Investing News Network” published on July 11, 2019, Seekingalpha.com published: “Wall Street Brunch – Seeking Alpha” on July 14, 2019. More interesting news about Molson Coors Brewing Company (NYSE:TAP) were released by: Finance.Yahoo.com and their article: “Molson Coors Brewing Company to Webcast 2019 Second Quarter Earnings Conference Call – Yahoo Finance” published on July 10, 2019 as well as Benzinga.com‘s news article titled: “Molson Coors On Track To Outperform Beer Peers, Susquehanna Says – Benzinga” with publication date: January 07, 2019.

Molson Coors Brewing Company (NYSE:TAP) Ratings Coverage

Among 4 analysts covering Molson Coors Brewing (NYSE:TAP), 2 have Buy rating, 1 Sell and 1 Hold. Therefore 50% are positive. Molson Coors Brewing had 6 analyst reports since February 13, 2019 according to SRatingsIntel. The firm has “Buy” rating by Citigroup given on Wednesday, March 20. As per Wednesday, February 13, the company rating was downgraded by Deutsche Bank. The company was maintained on Wednesday, February 13 by BMO Capital Markets. The stock has “Buy” rating by Citigroup on Thursday, February 14.

Molson Coors Brewing Company (NYSE:TAP) Institutional Positions Chart

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