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:
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:
Chief Financial Officer
Peter H Coors
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.
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.
The ETF Channel Flexible Growth Investment Portfolio is designed to seek growth for investors —
anywhere and everywhere. The key to the program is our portfolio strategy allows us complete flexibility in terms of asset
allocation as there are no predetermined guidelines as to the level of stocks, bonds, cash, regions, countries, sectors,
commodities, or even asset classes in the portfolio! In short, this is a completely flexible portfolio designed to follow
the performance trail wherever it leads us.
This Article's Word Cloud:BelowBrewingChannelChiefCoorsDefinitionETFsGlendinningImportanceInsiderMolsonOfficerPriceSODAStewartaboutassetbasisbelowbuyingchartcostcurrentlydividendescapehistoryhuntersinsidermostperformancepointportfoliopurchasereasonrecentsharesharesstockstocksthattheirtheretheythistradingversusweekwhatwhichwith
Nothing in Dividend Channel is intended to be investment advice, nor does it represent the opinion of, counsel
from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you
agree to the following Full Disclaimer & Terms of Service. Video widget and dividend videos powered by Market News Video. Quote data delayed at least 20
minutes; data powered by Ticker Technologies, and Mergent. Contact Dividend Channel; Meet Our Editorial Staff.