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Snatch This Bargain Dividend Stock Even Cheaper Than CFO Glendinning Did

By Dividend Channel Staff, Friday, November 18, 1:56 PM ET
Play Video: One Reason For Insiders to Buy


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There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on August 5, Molson Coors Brewing Co.'s Chief Financial Officer, Stewart Glendinning, invested $125,464.80 into 3,000 shares of TAP, for a cost per share of $41.82. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.

In trading on Friday, bargain hunters could buy shares of Molson Coors Brewing Co. (NYSE:TAP) and achieve a cost basis 6.2% cheaper than Glendinning, with shares changing hands as low as $39.24 per share. It should be noted that Glendinning has collected $0.32/share in dividends since the time of their purchase, so they are currently down 5.4% on their purchase from a total return basis. Molson Coors Brewing Co. shares are currently trading off about 0.1% on the day. The chart below shows the one year performance of TAP shares, versus its 200 day moving average:

Molson Coors Brewing Co. Chart

Looking at the chart above, TAP's low point in its 52 week range is $37.99 per share, with $51.11 as the 52 week high point that compares with a last trade of $39.45. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
08/05/2011 Stewart Glendinning Chief Financial Officer 3,000 $41.82 $125,464.80
08/03/2011 Peter H Coors Director 1,000 $44.46 $44,456.00

The current annualized dividend paid by Molson Coors Brewing Co. is $1.28/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 08/29/2011. Below is a long-term dividend history chart for TAP, which can be of good help in judging whether the most recent dividend with approx. 3.2% annualized yield is likely to continue.

According to the ETF Finder at ETF Channel, TAP makes up 3.03% of the Rydex S&P 500 Equal Weight Consumer Staples ETF (AMEX:RHS) which is trading higher by about 0.8% on the day Friday.

See what other ETFs contain TAP
See what other stocks are held by RHS

TAP operates in the Beverages & Wineries sector, among companies like SodaStream International Ltd (NASDAQ:SODA) which is down about 1.2% today, and Heckmann Corp (HEK) trading lower by about 2.1%. Below is a three month price history chart comparing the stock performance of TAP, versus SODA and HEK.

TAP,SODA,HEK Relative Performance Chart


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This Article's Word Cloud:   Below   Brewing   Channel   Chief   Coors   Definition   ETFs   Glendinning   Importance   Insider   Molson   Officer   Price   SODA   Stewart   about   asset   basis   below   buying   chart   cost   currently   dividend   history   hunters   insider   most   only   performance   point   portfolio   purchase   reason   recent   share   shares   stock   stocks   that   their   there   they   this   trading   versus   week   what   which   with

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