Molson Coors Brewing Company (TAP): Today's Featured Consumer Goods Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Molson Coors Brewing Company ( TAP) pushed the Consumer Goods sector lower today making it today's featured Consumer Goods laggard. The sector as a whole closed the day up 1.0%. By the end of trading, Molson Coors Brewing Company fell $0.55 (-1.1%) to $50.42 on average volume. Throughout the day, 1,193,161 shares of Molson Coors Brewing Company exchanged hands as compared to its average daily volume of 1,409,800 shares. The stock ranged in price between $50.36-$51.15 after having opened the day at $50.96 as compared to the previous trading day's close of $50.97. Other companies within the Consumer Goods sector that declined today were: Boston Beer Company ( SAM), down 11.6%, Lifetime Brands ( LCUT), down 8.1%, Inventure Foods ( SNAK), down 6.2% and Ever-Glory International Group ( EVK), down 6.1%.
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Molson Coors Brewing Company manufactures and sells beer and other beverage products. Molson Coors Brewing Company has a market cap of $8.1 billion and is part of the food & beverage industry. The company has a P/E ratio of 21.2, above the S&P 500 P/E ratio of 17.7. Shares are up 19.1% year to date as of the close of trading on Wednesday. Currently there are no analysts that rate Molson Coors Brewing Company a buy, 2 analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Molson Coors Brewing Company as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Leading Brands ( LBIX), down 10.9%, Tandy Brands Accessories ( TBAC), down 10.7%, Elizabeth Arden ( RDEN), down 8.5% and Harman International Industries ( HAR), down 8.2% , were all gainers within the consumer goods sector with Kimberly-Clark Corporation ( KMB) being today's featured consumer goods sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the consumer goods sector could consider iShares Dow Jones US Cons Goods ( IYK) while those bearish on the consumer goods sector could consider ProShares Ultra Sht Consumer Goods ( SZK).

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