Rational Advisors LLC Sells 3,493 Shares of Molson Coors Brewing Co (TAP)

Share on StockTwits

Rational Advisors LLC cut its holdings in Molson Coors Brewing Co (NYSE:TAP) by 76.4% in the first quarter, HoldingsChannel reports. The firm owned 1,076 shares of the company’s stock after selling 3,493 shares during the quarter. Rational Advisors LLC’s holdings in Molson Coors Brewing were worth $64,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Acima Private Wealth LLC purchased a new position in Molson Coors Brewing during the fourth quarter worth $25,000. Wakefield Asset Management LLLP purchased a new position in Molson Coors Brewing during the fourth quarter worth $26,000. Pinnacle Bank purchased a new position in Molson Coors Brewing during the fourth quarter worth $34,000. Massey Quick Simon & CO. LLC purchased a new position in Molson Coors Brewing during the first quarter worth $36,000. Finally, Investors Research Corp purchased a new position in Molson Coors Brewing during the first quarter worth $36,000. 77.64% of the stock is owned by hedge funds and other institutional investors.

NYSE:TAP opened at $58.72 on Monday. Molson Coors Brewing Co has a twelve month low of $54.17 and a twelve month high of $71.04. The firm has a market cap of $12.69 billion, a PE ratio of 11.65, a price-to-earnings-growth ratio of 2.84 and a beta of 0.79. The company has a quick ratio of 0.39, a current ratio of 0.56 and a debt-to-equity ratio of 0.61.

Molson Coors Brewing (NYSE:TAP) last released its earnings results on Wednesday, May 1st. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.05). Molson Coors Brewing had a return on equity of 7.92% and a net margin of 7.46%. The business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter last year, the business posted $0.48 earnings per share. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Molson Coors Brewing Co will post 4.63 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.64 annualized dividend and a dividend yield of 2.79%. Molson Coors Brewing’s dividend payout ratio (DPR) is 32.54%.

Several research analysts have commented on TAP shares. Citigroup dropped their price objective on shares of Molson Coors Brewing from $72.00 to $69.00 and set a “buy” rating for the company in a research note on Thursday, February 14th. Deutsche Bank downgraded Molson Coors Brewing from a “buy” rating to a “hold” rating and decreased their target price for the stock from $72.00 to $63.00 in a research report on Tuesday, February 12th. Zacks Investment Research upgraded Molson Coors Brewing from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. BMO Capital Markets decreased their target price on Molson Coors Brewing from $85.00 to $80.00 and set an “outperform” rating for the company in a research report on Wednesday, February 13th. Finally, Jefferies Financial Group reiterated a “sell” rating on shares of Molson Coors Brewing in a research report on Wednesday, April 10th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $69.91.

In other news, CEO Mark Hunter sold 11,287 shares of Molson Coors Brewing stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $60.06, for a total transaction of $677,897.22. Following the completion of the sale, the chief executive officer now directly owns 166,743 shares in the company, valued at $10,014,584.58. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.48% of the stock is currently owned by company insiders.

ILLEGAL ACTIVITY NOTICE: “Rational Advisors LLC Sells 3,493 Shares of Molson Coors Brewing Co (TAP)” was first posted by Ticker Report and is the property of of Ticker Report. If you are reading this report on another domain, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright laws. The original version of this report can be read at https://www.tickerreport.com/banking-finance/4354153/rational-advisors-llc-sells-3493-shares-of-molson-coors-brewing-co-tap.html.

About Molson Coors Brewing

Molson Coors Brewing Company manufactures, markets, and sells beer and other malt beverage products in the United States, Canada, Europe, and internationally. The company sells various products under the Blue Moon, Coors Banquet, Coors Light, Miller Genuine Draft, Miller Lite, Hamm's, Icehouse, Keystone, Mickey's, Miller64, Miller High Life, Milwaukee's Best, Olde English, Steel Reserve, Grolsch, Hop Valley, Leinenkugel's, Peroni Nastro Azurro, Pilsner Urquell, Revolver, Saint Archer, Sol, Terrapin, Crispin, Smith & Forge, Arnold Palmer Spiked, Henry's Hard, Redd's, and Steel Reserve Alloy Series brands.

Featured Story: What is a put option?

Want to see what other hedge funds are holding TAP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Molson Coors Brewing Co (NYSE:TAP).

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

Receive News & Ratings for Molson Coors Brewing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Molson Coors Brewing and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Vail Resorts, Inc.  Announces $1.76 Quarterly Dividend
Vail Resorts, Inc. Announces $1.76 Quarterly Dividend
Dynex Capital Inc Announces Monthly Dividend of $0.18
Dynex Capital Inc Announces Monthly Dividend of $0.18
New Look Vision Group Inc  Declares $0.15 Quarterly Dividend
New Look Vision Group Inc Declares $0.15 Quarterly Dividend
Fidelity Southern Co.  Plans Quarterly Dividend of $0.12
Fidelity Southern Co. Plans Quarterly Dividend of $0.12
Armada Hoffler Properties Inc  Announces Quarterly Dividend of $0.21
Armada Hoffler Properties Inc Announces Quarterly Dividend of $0.21
BK COMMUNICATIO/ADR Announces Annual Dividend of $0.93
BK COMMUNICATIO/ADR Announces Annual Dividend of $0.93


© 2006-2019 Ticker Report