Clearbridge Investments Has Decreased 3M Co (MMM) Stake By $3.00 Million; Molson Coors Brewing Company (TAP) Had 9 Analysts Last Week

March 21, 2018 - By Clifton Ray

Clearbridge Investments Llc decreased 3M Co (MMM) stake by 0.58% reported in 2017Q3 SEC filing. Clearbridge Investments Llc sold 14,343 shares as 3M Co (MMM)’s stock rose 7.02%. The Clearbridge Investments Llc holds 2.45M shares with $514.69M value, down from 2.47 million last quarter. 3M Co now has $139.79B valuation. The stock increased 0.99% or $2.29 during the last trading session, reaching $234.74. About 1.15 million shares traded. 3M Company (NYSE:MMM) has risen 18.59% since March 21, 2017 and is uptrending. It has outperformed by 1.89% the S&P500.

Among 16 analysts covering Molson Coors Brewing Company (NYSE:TAP), 9 have Buy rating, 0 Sell and 7 Hold. Therefore 56% are positive. Molson Coors Brewing Company had 50 analyst reports since August 7, 2015 according to SRatingsIntel. Credit Suisse upgraded Molson Coors Brewing Company (NYSE:TAP) on Monday, February 12 to “Outperform” rating. The firm has “Neutral” rating by Credit Suisse given on Thursday, August 3. Stifel Nicolaus maintained the shares of TAP in report on Tuesday, December 20 with “Buy” rating. Credit Suisse maintained Molson Coors Brewing Company (NYSE:TAP) rating on Friday, September 29. Credit Suisse has “Neutral” rating and $92 target. Stifel Nicolaus maintained the stock with “Buy” rating in Monday, October 23 report. Zacks upgraded the shares of TAP in report on Saturday, August 8 to “Hold” rating. As per Monday, February 5, the company rating was initiated by BMO Capital Markets. Cowen & Co maintained the shares of TAP in report on Monday, January 8 with “Hold” rating. The stock has “Buy” rating by Stifel Nicolaus on Monday, September 18. Societe Generale downgraded the stock to “Hold” rating in Friday, May 5 report. See Molson Coors Brewing Company (NYSE:TAP) latest ratings:

15/02/2018 Broker: Credit Suisse Old Rating: Outperform New Rating: Outperform Old Target: $94 New Target: $96 Maintain
12/02/2018 Broker: Susquehanna Rating: Buy New Target: $107.0 Maintain
12/02/2018 Broker: Credit Suisse Old Rating: Neutral New Rating: Outperform Old Target: $92 Upgrade
08/02/2018 Broker: Berenberg Old Rating: Sell New Rating: Hold Old Target: $78 Upgrade
05/02/2018 Broker: BMO Capital Markets Rating: Buy New Target: $95.0 Initiate
01/02/2018 Broker: Stifel Nicolaus Rating: Buy New Target: $112.0 Maintain
10/01/2018 Broker: Barclays Capital Rating: Overweight New Target: $94 Initiates Coverage On
09/01/2018 Broker: Morgan Stanley Rating: Hold New Target: $88.0
08/01/2018 Broker: Cowen & Co Rating: Hold New Target: $85.0 Maintain
22/12/2017 Broker: Stifel Nicolaus Rating: Buy New Target: $116.0 Maintain

Among 16 analysts covering 3M (NYSE:MMM), 7 have Buy rating, 4 Sell and 5 Hold. Therefore 44% are positive. 3M had 79 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was maintained by Citigroup with “Buy” on Wednesday, July 26. Deutsche Bank maintained the stock with “Hold” rating in Tuesday, August 25 report. The rating was maintained by Jefferies with “Buy” on Monday, August 14. Goldman Sachs upgraded it to “Hold” rating and $229.0 target in Wednesday, October 25 report. The rating was maintained by Barclays Capital on Friday, April 28 with “Buy”. The firm earned “Buy” rating on Wednesday, December 16 by UBS. RBC Capital Markets maintained 3M Company (NYSE:MMM) rating on Tuesday, December 12. RBC Capital Markets has “Hold” rating and $215.0 target. The stock of 3M Company (NYSE:MMM) has “Underweight” rating given on Wednesday, March 30 by Morgan Stanley. The stock of 3M Company (NYSE:MMM) has “Outperform” rating given on Tuesday, March 15 by Credit Suisse. The rating was upgraded by Hilliard Lyons on Wednesday, January 24 to “Buy”.

Analysts await 3M Company (NYSE:MMM) to report earnings on April, 24. They expect $2.53 EPS, up 17.13% or $0.37 from last year’s $2.16 per share. MMM’s profit will be $1.51 billion for 23.20 P/E if the $2.53 EPS becomes a reality. After $2.10 actual EPS reported by 3M Company for the previous quarter, Wall Street now forecasts 20.48% EPS growth.

Investors sentiment increased to 0.83 in 2017 Q3. Its up 0.06, from 0.77 in 2017Q2. It is positive, as 59 investors sold MMM shares while 612 reduced holdings. 101 funds opened positions while 417 raised stakes. 387.06 million shares or 0.01% more from 387.02 million shares in 2017Q2 were reported. Armstrong Henry H Associate Incorporated owns 0.86% invested in 3M Company (NYSE:MMM) for 22,677 shares. Pettee Incorporated accumulated 0.89% or 6,560 shares. Accredited Invsts, a Minnesota-based fund reported 7,328 shares. Beddow Capital Management stated it has 0.17% of its portfolio in 3M Company (NYSE:MMM). 224,559 are held by Cornerstone Ltd Liability Company. Cohen Lawrence B reported 18,880 shares or 2.58% of all its holdings. Weaver C Barksdale & Assocs Inc owns 7,016 shares for 1.64% of their portfolio. Garde Cap Inc holds 0.19% in 3M Company (NYSE:MMM) or 4,560 shares. Keating Inv Counselors owns 3.13% invested in 3M Company (NYSE:MMM) for 34,266 shares. Stillwater Invest Mgmt Ltd Liability Corp has 2.56% invested in 3M Company (NYSE:MMM). Mutual Insurance Federation Of Agricultural Cooperatives holds 16,100 shares or 0.07% of its portfolio. Moreover, Richard Bernstein Advsrs Ltd Liability Co has 0.63% invested in 3M Company (NYSE:MMM) for 43,201 shares. 377,668 were reported by British Columbia Invest. Central Bancorp reported 550 shares. Summit Fincl Strategies holds 1,328 shares.

Since October 27, 2017, it had 0 insider buys, and 21 insider sales for $34.51 million activity. On Thursday, February 1 Vrohidis Ippocratis sold $56,178 worth of 3M Company (NYSE:MMM) or 225 shares. 6,823 shares were sold by THULIN INGE G, worth $1.59 million on Friday, October 27. Shin Hak Cheol had sold 8,014 shares worth $2.00 million on Thursday, February 1. Shares for $2.19 million were sold by Bauman James L. Roman Michael F had sold 4,146 shares worth $1.02 million. $92,023 worth of stock was sold by Lindekugel Jon T on Tuesday, October 31. The insider Fong Ivan K sold $547,377.

Clearbridge Investments Llc increased Becton Dickinson & Co (NYSE:BDX) stake by 62,332 shares to 493,969 valued at $96.79 million in 2017Q3. It also upped Toll Brothers Inc (NYSE:TOL) stake by 177,251 shares and now owns 775,170 shares. Mastercard Incorporated (NYSE:MA) was raised too.

Investors sentiment decreased to 1.11 in Q3 2017. Its down 0.07, from 1.18 in 2017Q2. It fall, as 48 investors sold Molson Coors Brewing Company shares while 137 reduced holdings. 67 funds opened positions while 152 raised stakes. 161.22 million shares or 2.19% less from 164.83 million shares in 2017Q2 were reported. Pnc Grp invested 0% in Molson Coors Brewing Company (NYSE:TAP). 7.31M are held by State Street. Champlain Investment Ltd Com owns 740,185 shares or 0.71% of their US portfolio. Oppenheimer Asset Mngmt Incorporated reported 14,369 shares stake. Jpmorgan Chase & Co holds 0.27% of its portfolio in Molson Coors Brewing Company (NYSE:TAP) for 14.86M shares. Franklin Resources Inc invested 0% in Molson Coors Brewing Company (NYSE:TAP). Texas Yale Capital Corporation reported 2,978 shares. Moreover, Hutchin Hill Cap Lp has 0.58% invested in Molson Coors Brewing Company (NYSE:TAP). 12,690 are held by Qs Ltd Liability Corporation. Caxton Associate Limited Partnership, a New Jersey-based fund reported 175,000 shares. Reilly Advisors Limited Liability reported 0% of its portfolio in Molson Coors Brewing Company (NYSE:TAP). Independent Franchise Prtn Ltd Liability Partnership owns 6.16M shares. Cubist Systematic Strategies owns 18,977 shares for 0.09% of their portfolio. Diversified Trust Communication has 0.26% invested in Molson Coors Brewing Company (NYSE:TAP). Da Davidson invested in 0.01% or 4,154 shares.

Since January 16, 2018, it had 0 insider purchases, and 2 selling transactions for $4.74 million activity. COORS PETER H had sold 55,603 shares worth $4.73M on Tuesday, January 16. Cox Simon sold $16,378 worth of stock or 203 shares.

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 $16.44 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 11.68 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.

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