Lazard Asset Management LLC decreased its holdings in shares of Molson Coors Brewing Co (NYSE:TAP) by 0.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,827,976 shares of the company’s stock after selling 25,647 shares during the period. Molson Coors Brewing makes up about 1.8% of Lazard Asset Management LLC’s holdings, making the stock its 9th largest holding. Lazard Asset Management LLC owned 0.05% of Molson Coors Brewing worth $970,720,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of TAP. Dupont Capital Management Corp bought a new stake in Molson Coors Brewing during the third quarter valued at $103,000. Cerebellum GP LLC bought a new stake in Molson Coors Brewing during the fourth quarter valued at $129,000. Valeo Financial Advisors LLC boosted its stake in Molson Coors Brewing by 58.2% during the fourth quarter. Valeo Financial Advisors LLC now owns 1,864 shares of the company’s stock valued at $153,000 after buying an additional 686 shares during the period. Advisor Group Inc. boosted its stake in Molson Coors Brewing by 48.9% during the third quarter. Advisor Group Inc. now owns 2,598 shares of the company’s stock valued at $213,000 after buying an additional 853 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in Molson Coors Brewing by 1,126.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,624 shares of the company’s stock valued at $216,000 after buying an additional 2,410 shares during the period. 77.05% of the stock is owned by institutional investors.
In other news, Chairman Peter H. Coors sold 55,603 shares of the business’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $85.01, for a total value of $4,726,811.03. Following the completion of the sale, the chairman now owns 319,222 shares of the company’s stock, valued at approximately $27,137,062.22. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Tracey Joubert sold 1,000 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $79.15, for a total value of $79,150.00. Following the completion of the sale, the chief financial officer now directly owns 22,839 shares of the company’s stock, valued at approximately $1,807,706.85. The disclosure for this sale can be found here. In the last three months, insiders sold 56,806 shares of company stock valued at $4,822,339. 2.76% of the stock is currently owned by corporate insiders.
Shares of Molson Coors Brewing Co (NYSE TAP) opened at $76.25 on Thursday. Molson Coors Brewing Co has a 52 week low of $72.71 and a 52 week high of $100.89. The company has a quick ratio of 0.47, a current ratio of 0.64 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $16,507.28, a PE ratio of 17.48, a PEG ratio of 1.71 and a beta of 0.79.
Molson Coors Brewing (NYSE:TAP) last released its earnings results on Wednesday, February 14th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.06. Molson Coors Brewing had a return on equity of 7.55% and a net margin of 10.34%. The company had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.60 billion. During the same quarter in the previous year, the company posted $0.47 EPS. Molson Coors Brewing’s revenue for the quarter was up 4.5% on a year-over-year basis. analysts expect that Molson Coors Brewing Co will post 5.16 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Monday, March 5th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend is Friday, March 2nd. Molson Coors Brewing’s dividend payout ratio (DPR) is presently 25.51%.
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Molson Coors Brewing Profile
Molson Coors Brewing Company (MCBC) is a holding company. The Company operates as a brewer. The Company’s segments include MillerCoors LLC (United States segment), operating in the United States; Molson Coors Canada (Canada segment), operating in Canada; Molson Coors Europe (Europe segment), operating in Bulgaria, Croatia, Czech Republic, Hungary, Montenegro, Republic of Ireland, Romania, Serbia, the United Kingdom and various other European countries; Molson Coors International (Molson Coors International segment), operating in various other countries, and Corporate.
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