Molson Coors Brewing Co (TAP) VP Brian Tabolt Sells 1,806 Shares

Molson Coors Brewing Co (NYSE:TAP) VP Brian Tabolt sold 1,806 shares of Molson Coors Brewing stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $98.13, for a total value of $177,222.78. Following the transaction, the vice president now owns 4,231 shares of the company’s stock, valued at $415,188.03. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Molson Coors Brewing Co (NYSE:TAP) traded up 0.056% during mid-day trading on Monday, reaching $98.435. The company had a trading volume of 942,371 shares. The stock has a 50-day moving average of $97.92 and a 200 day moving average of $100.86. Molson Coors Brewing Co has a 12-month low of $89.40 and a 12-month high of $112.19. The company has a market capitalization of $21.16 billion, a price-to-earnings ratio of 10.634 and a beta of 0.95.

Molson Coors Brewing (NYSE:TAP) last issued its quarterly earnings data on Tuesday, February 14th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.86 by $0.40. The company earned $2.47 billion during the quarter, compared to analysts’ expectations of $2.58 billion. Molson Coors Brewing had a return on equity of 7.21% and a net margin of 11.48%. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period last year, the company earned $0.49 earnings per share. On average, analysts expect that Molson Coors Brewing Co will post $6.33 EPS for the current year.

Insider Buying and Selling by Quarter for Molson Coors Brewing (NYSE:TAP)

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 15th. Stockholders of record on Tuesday, February 28th were paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 1.67%. The ex-dividend date was Friday, February 24th. Molson Coors Brewing’s dividend payout ratio (DPR) is presently 60.74%.

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Several brokerages have recently commented on TAP. Zacks Investment Research upgraded Molson Coors Brewing from a “strong sell” rating to a “hold” rating in a research note on Monday, February 20th. Credit Suisse Group AG began coverage on Molson Coors Brewing in a research note on Monday, January 23rd. They set a “neutral” rating and a $106.00 target price for the company. They noted that the move was a valuation call. Stifel Nicolaus reduced their target price on Molson Coors Brewing from $117.00 to $113.00 and set a “buy” rating for the company in a research note on Tuesday, December 20th. Cowen and Company reiterated an “outperform” rating and set a $120.00 target price on shares of Molson Coors Brewing in a research note on Monday, March 13th. Finally, Susquehanna Bancshares Inc set a $152.00 target price on Molson Coors Brewing and gave the stock a “buy” rating in a research note on Sunday, December 4th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Molson Coors Brewing currently has an average rating of “Buy” and an average price target of $125.75.

Several hedge funds have recently modified their holdings of the company. Baker Ellis Asset Management LLC increased its stake in shares of Molson Coors Brewing by 2.0% in the third quarter. Baker Ellis Asset Management LLC now owns 28,741 shares of the company’s stock valued at $3,156,000 after buying an additional 560 shares during the period. Third Point LLC increased its stake in shares of Molson Coors Brewing by 70.0% in the third quarter. Third Point LLC now owns 1,700,000 shares of the company’s stock valued at $186,660,000 after buying an additional 700,000 shares during the period. TD Asset Management Inc. increased its stake in shares of Molson Coors Brewing by 5.2% in the third quarter. TD Asset Management Inc. now owns 235,201 shares of the company’s stock valued at $25,825,000 after buying an additional 11,566 shares during the period. WINTON GROUP Ltd increased its stake in shares of Molson Coors Brewing by 106.1% in the third quarter. WINTON GROUP Ltd now owns 140,968 shares of the company’s stock valued at $15,478,000 after buying an additional 72,571 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of Molson Coors Brewing by 10.2% in the third quarter. Wells Fargo & Company MN now owns 1,588,489 shares of the company’s stock valued at $174,416,000 after buying an additional 147,078 shares during the period. 80.12% of the stock is owned by hedge funds and other institutional investors.

About Molson Coors Brewing

Molson Coors Brewing Company (MCBC) is a holding company that operates as a brewer. The Company has a portfolio of brands, including Carling, Coors Light, Molson Canadian and Staropramen, as well as craft and specialty beers, such as Blue Moon, Creemore Springs, Cobra and Doom Bar. The Company operates through four segments: Molson Coors Canada (MCC or Canada segment); MillerCoors LLC (MillerCoors or U.S.

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