Molson Coors Brewing Company (TAP) Shares Sold by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund lowered its position in shares of Molson Coors Brewing Company (NYSE:TAP) by 56.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,741 shares of the company’s stock after selling 25,727 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Molson Coors Brewing were worth $1,612,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Dupont Capital Management Corp acquired a new position in shares of Molson Coors Brewing during the third quarter valued at approximately $103,000. Bessemer Group Inc. raised its holdings in shares of Molson Coors Brewing by 12.8% during the second quarter. Bessemer Group Inc. now owns 1,230 shares of the company’s stock valued at $106,000 after acquiring an additional 140 shares during the last quarter. Krilogy Financial LLC raised its holdings in shares of Molson Coors Brewing by 4,646.4% during the second quarter. Krilogy Financial LLC now owns 1,329 shares of the company’s stock valued at $115,000 after acquiring an additional 1,301 shares during the last quarter. Sun Life Financial INC raised its holdings in shares of Molson Coors Brewing by 14,900.0% during the second quarter. Sun Life Financial INC now owns 1,350 shares of the company’s stock valued at $117,000 after acquiring an additional 1,341 shares during the last quarter. Finally, Penserra Capital Management LLC raised its holdings in shares of Molson Coors Brewing by 30.4% during the second quarter. Penserra Capital Management LLC now owns 1,560 shares of the company’s stock valued at $134,000 after acquiring an additional 364 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

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A number of equities analysts have commented on the company. Susquehanna Bancshares Inc set a $118.00 target price on Molson Coors Brewing and gave the company a “buy” rating in a report on Tuesday, August 29th. Credit Suisse Group set a $96.00 price target on Molson Coors Brewing and gave the company a “hold” rating in a report on Thursday, August 3rd. Citigroup Inc. cut their price target on Molson Coors Brewing from $106.00 to $102.00 and set a “buy” rating for the company in a report on Friday, November 3rd. Zacks Investment Research cut Molson Coors Brewing from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Finally, Berenberg Bank began coverage on Molson Coors Brewing in a report on Wednesday, September 13th. They issued a “sell” rating and a $78.00 price target for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Molson Coors Brewing presently has an average rating of “Hold” and a consensus price target of $98.92.

Molson Coors Brewing Company (NYSE:TAP) opened at $80.84 on Tuesday. The firm has a market capitalization of $17,305.23, a P/E ratio of 19.04, a P/E/G ratio of 2.36 and a beta of 0.86. Molson Coors Brewing Company has a 52-week low of $78.10 and a 52-week high of $102.14. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.69 and a quick ratio of 0.54.

Molson Coors Brewing (NYSE:TAP) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $1.34 earnings per share for the quarter, hitting the consensus estimate of $1.34. The company had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.97 billion. Molson Coors Brewing had a return on equity of 7.54% and a net margin of 17.04%. The firm’s revenue for the quarter was up 204.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.03 earnings per share. analysts anticipate that Molson Coors Brewing Company will post 4.34 EPS for the current fiscal year.

About Molson Coors Brewing

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.

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

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