Cadence Design (CDNS) Upgraded By Needham; Molson Coors Brewing Co (TAP) Has 1.11 Sentiment

April 24, 2018 - By Nellie Frank

Cadence Design Systems, Inc. (NASDAQ:CDNS) Logo

Molson Coors Brewing Co (TAP) investors sentiment decreased to 1.11 in Q4 2017. It’s down -0.07, from 1.18 in 2017Q3. The ratio has worsened, as 222 funds started new or increased positions, while 200 sold and reduced their holdings in Molson Coors Brewing Co. The funds in our database reported: 159.01 million shares, down from 161.22 million shares in 2017Q3. Also, the number of funds holding Molson Coors Brewing Co in top ten positions increased from 2 to 5 for an increase of 3. Sold All: 62 Reduced: 138 Increased: 156 New Position: 66.

In a a report revealed to investors on Tuesday morning, research analysts at Needham’s equities division raised Cadence Design (NASDAQ:CDNS)‘s stock to a Buy.

Analysts await Molson Coors Brewing Company (NYSE:TAP) to report earnings on May, 2 before the open. They expect $0.83 earnings per share, up 9.21% or $0.07 from last year’s $0.76 per share. TAP’s profit will be $179.21M for 21.66 P/E if the $0.83 EPS becomes a reality. After $0.62 actual earnings per share reported by Molson Coors Brewing Company for the previous quarter, Wall Street now forecasts 33.87% EPS growth.

Independent Franchise Partners Llp holds 6.06% of its portfolio in Molson Coors Brewing Company for 8.71 million shares. Maverick Capital Ltd owns 3.73 million shares or 3.86% of their US portfolio. Moreover, Symons Capital Management Inc has 3.51% invested in the company for 150,265 shares. The Alabama-based Hayek Kallen Investment Management has invested 2.09% in the stock. Lloyds Banking Group Plc, a United Kingdom-based fund reported 2,594 shares.

The stock increased 2.19% or $1.54 during the last trading session, reaching $71.92. About 2.47M shares traded or 30.04% up from the average. Molson Coors Brewing Company (TAP) has declined 23.05% since April 24, 2017 and is downtrending. It has underperformed by 34.60% the S&P500.

Since January 1, 0001, it had 0 buys, and 2 insider sales for $4.74 million activity.

Ratings analysis reveals 50% of Molson Coors Brewing’s analysts are positive. Out of 4 Wall Street analysts rating Molson Coors Brewing, 2 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $106.0 while the high is $159.0. The stock’s average target of $121.25 is 68.59% above today’s ($71.92) share price. TAP was included in 4 notes of analysts from September 21, 2016. UBS initiated Molson Coors Brewing Company (NYSE:TAP) rating on Monday, December 12. UBS has “Neutral” rating and $107.0 target. Credit Suisse initiated Molson Coors Brewing Company (NYSE:TAP) rating on Monday, January 23. Credit Suisse has “Neutral” rating and $106.0 target. As per Wednesday, September 21, the company rating was maintained by Susquehanna. Stifel Nicolaus maintained Molson Coors Brewing Company (NYSE:TAP) on Tuesday, December 20 with “Buy” rating.

Molson Coors Brewing Company manufactures and sells beer and other beverage products in the United States, Canada, Europe, and internationally. The company has market cap of $15.53 billion. It sells various products under the Coors Light, Miller Lite, Coors Banquet, the Blue Moon Brewing Company brands, the Jacob Leinenkugel Brewing Company brands, Keystone, Icehouse, MickeyÂ’s, Miller 64, Miller Genuine Draft, Miller High Life, MilwaukeeÂ’s Best, Hamm's, Olde English 800, Steel Reserve, Crispin, Smith & Forge, Redd's, the HenryÂ’s Hard Soda, and Steel Reserve Alloy Series brands. It has a 11.02 P/E ratio. The firm also offers various brands, including Molson Canadian, Belgian Moon, Carling, Carling Black Label, Creemore Springs, the Granville Island, Mad Jack, the Miller, Molson Canadian 67, Molson Canadian Cider, Molson Dry, Molson Export, Old Style Pilsner, and the Rickard's family of brands.

Since December 11, 2017, it had 0 insider purchases, and 9 sales for $11.40 million activity. 50,000 shares were sold by SHOVEN JOHN B, worth $2.25 million. $40,074 worth of stock was sold by WALL JOHN M on Wednesday, March 14. The insider TAN LIP BU sold $4.35M. 40,063 Cadence Design Systems, Inc. (NASDAQ:CDNS) shares with value of $1.54 million were sold by DEVGAN ANIRUDH.

Investors sentiment increased to 1.59 in Q4 2017. Its up 0.23, from 1.36 in 2017Q3. It improved, as 18 investors sold Cadence Design Systems, Inc. shares while 111 reduced holdings. 72 funds opened positions while 133 raised stakes. 235.53 million shares or 0.57% more from 234.20 million shares in 2017Q3 were reported. Grantham Mayo Van Otterloo Limited Liability owns 380,600 shares. Los Angeles Mgmt Equity holds 0.03% or 113,007 shares in its portfolio. Advantus Cap Incorporated owns 28,969 shares for 0.03% of their portfolio. 183,507 are owned by Great West Life Assurance Can. Meiji Yasuda Asset Management holds 0.06% or 13,980 shares. Fifth Third Fincl Bank accumulated 61 shares. Brandywine Invest Mngmt Limited Liability Com stated it has 0% of its portfolio in Cadence Design Systems, Inc. (NASDAQ:CDNS). Utah Retirement reported 51,475 shares. Bluecrest Capital Management holds 0.22% or 192,644 shares. Invesco Limited reported 5.35M shares. Koch Industry Incorporated holds 24,008 shares or 0.15% of its portfolio. Putnam Investments Limited Liability Corporation reported 219,003 shares or 0.02% of all its holdings. Old Mutual Glob Invsts (Uk) reported 3.06 million shares stake. Sg Americas Limited Liability Company owns 45,250 shares for 0.02% of their portfolio. 7,975 were accumulated by Contravisory Invest Management.

Among 10 analysts covering Cadence Design Systems Inc (NASDAQ:CDNS), 5 have Buy rating, 1 Sell and 4 Hold. Therefore 50% are positive. Cadence Design Systems Inc has $50.0 highest and $21 lowest target. $30.60’s average target is -16.71% below currents $36.74 stock price. Cadence Design Systems Inc had 27 analyst reports since July 29, 2015 according to SRatingsIntel. As per Thursday, February 9, the company rating was maintained by RBC Capital Markets. The rating was maintained by Credit Suisse on Thursday, February 1 with “Hold”. The stock has “Buy” rating by Bank of America on Tuesday, July 25. RBC Capital Markets maintained it with “Buy” rating and $39.0 target in Thursday, August 31 report. Needham maintained the shares of CDNS in report on Friday, October 27 with “Hold” rating. Topeka Capital Markets maintained the stock with “Buy” rating in Tuesday, October 27 report. On Thursday, April 5 the stock rating was upgraded by DA Davidson to “Buy”. The stock of Cadence Design Systems, Inc. (NASDAQ:CDNS) earned “Buy” rating by Needham on Tuesday, October 27. The firm has “Neutral” rating by Credit Suisse given on Wednesday, October 19. The firm earned “Buy” rating on Monday, October 10 by DA Davidson.

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

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