Molson Coors Brewing Co (TAP) Shares Bought by Vident Investment Advisory LLC

Vident Investment Advisory LLC grew its holdings in Molson Coors Brewing Co (NYSE:TAP) by 38.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 6,582 shares of the company’s stock after buying an additional 1,826 shares during the quarter. Vident Investment Advisory LLC’s holdings in Molson Coors Brewing were worth $541,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CAPROCK Group Inc. lifted its holdings in Molson Coors Brewing by 38.8% in the 4th quarter. CAPROCK Group Inc. now owns 11,850 shares of the company’s stock worth $1,006,000 after buying an additional 3,312 shares during the period. Commonwealth Equity Services Inc lifted its holdings in Molson Coors Brewing by 14.3% in the 3rd quarter. Commonwealth Equity Services Inc now owns 11,632 shares of the company’s stock worth $949,000 after buying an additional 1,457 shares during the period. South Dakota Investment Council lifted its holdings in Molson Coors Brewing by 16.0% in the 3rd quarter. South Dakota Investment Council now owns 108,810 shares of the company’s stock worth $8,883,000 after buying an additional 15,040 shares during the period. Highbridge Capital Management LLC lifted its holdings in Molson Coors Brewing by 805.5% in the 3rd quarter. Highbridge Capital Management LLC now owns 92,357 shares of the company’s stock worth $7,540,000 after buying an additional 82,157 shares during the period. Finally, Westpac Banking Corp lifted its holdings in Molson Coors Brewing by 49.2% in the 4th quarter. Westpac Banking Corp now owns 16,513 shares of the company’s stock worth $1,355,000 after buying an additional 5,449 shares during the period. Institutional investors and hedge funds own 77.08% of the company’s stock.

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In related news, Chairman Peter H. Coors sold 55,603 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $85.01, for a total transaction of $4,726,811.03. Following the completion of the transaction, 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 can be accessed through this link. 2.76% of the stock is owned by company insiders.

Molson Coors Brewing stock opened at $72.16 on Friday. Molson Coors Brewing Co has a one year low of $72.07 and a one year high of $97.73. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.64 and a quick ratio of 0.47. The company has a market capitalization of $15,554.52, a P/E ratio of 16.47, a PEG ratio of 1.61 and a beta of 0.86.

Molson Coors Brewing (NYSE:TAP) last posted its quarterly earnings data on Wednesday, February 14th. The company reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 last year, the company earned $0.47 EPS. The firm’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 disclosed a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Monday, March 5th were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend was Friday, March 2nd. Molson Coors Brewing’s dividend payout ratio (DPR) is presently 25.51%.

TAP has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Molson Coors Brewing from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a research note on Monday, February 19th. Stifel Nicolaus restated a “buy” rating and issued a $112.00 target price on shares of Molson Coors Brewing in a research note on Friday, February 2nd. Susquehanna Bancshares set a $107.00 target price on Molson Coors Brewing and gave the company a “buy” rating in a research note on Monday, February 12th. Deutsche Bank initiated coverage on Molson Coors Brewing in a research note on Wednesday, December 13th. They issued a “buy” rating and a $89.00 target price for the company. Finally, Morgan Stanley initiated coverage on Molson Coors Brewing in a research note on Tuesday, January 9th. They issued an “equal weight” rating and a $88.00 target price for the company. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $96.30.

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Molson Coors Brewing Company Profile

Molson Coors Brewing Company manufactures and sells beer and other beverage products in the United States, Canada, Europe, and internationally. It sells various products under the Coors Light, Miller Lite, Coors Banquet, the Blue Moon Brewing Company brands, the Jacob Leinenkugel Brewing Company brands, Keystone, Icehouse, Mickey's, Miller 64, Miller Genuine Draft, Miller High Life, Milwaukee's Best, Hamm's, Olde English 800, Steel Reserve, Crispin, Smith & Forge, Redd's, the Henry's Hard Soda, and Steel Reserve Alloy Series brands.

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Institutional Ownership by Quarter for Molson Coors Brewing (NYSE:TAP)

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