Molson Coors Brewing Co (TAP) Shares Bought by National Pension Service

National Pension Service raised its stake in shares of Molson Coors Brewing Co (NYSE:TAP) by 11.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 195,840 shares of the company’s stock after purchasing an additional 19,636 shares during the quarter. National Pension Service owned approximately 0.09% of Molson Coors Brewing worth $16,073,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Profund Advisors LLC grew its position in shares of Molson Coors Brewing by 22.7% in the 2nd quarter. Profund Advisors LLC now owns 5,138 shares of the company’s stock worth $444,000 after buying an additional 949 shares during the period. New York State Common Retirement Fund grew its position in shares of Molson Coors Brewing by 0.3% in the 2nd quarter. New York State Common Retirement Fund now owns 377,600 shares of the company’s stock worth $32,602,000 after buying an additional 999 shares during the period. D.A. Davidson & CO. grew its position in shares of Molson Coors Brewing by 247.3% in the 2nd quarter. D.A. Davidson & CO. now owns 3,053 shares of the company’s stock worth $263,000 after buying an additional 2,174 shares during the period. California Public Employees Retirement System grew its position in shares of Molson Coors Brewing by 3.1% in the 2nd quarter. California Public Employees Retirement System now owns 376,400 shares of the company’s stock worth $32,498,000 after buying an additional 11,400 shares during the period. Finally, Nordea Investment Management AB grew its position in shares of Molson Coors Brewing by 8.1% in the 2nd quarter. Nordea Investment Management AB now owns 235,386 shares of the company’s stock worth $20,323,000 after buying an additional 17,577 shares during the period. 77.54% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently weighed in on TAP shares. Zacks Investment Research downgraded shares of Molson Coors Brewing from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Deutsche Bank started coverage on shares of Molson Coors Brewing in a research report on Wednesday, December 13th. They issued a “buy” rating and a $89.00 target price on the stock. Cowen reaffirmed a “hold” rating and issued a $96.00 target price on shares of Molson Coors Brewing in a research report on Thursday, September 28th. Susquehanna Bancshares reaffirmed a “buy” rating on shares of Molson Coors Brewing in a research report on Wednesday, October 11th. Finally, Berenberg Bank reaffirmed a “sell” rating and issued a $76.00 target price on shares of Molson Coors Brewing in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Molson Coors Brewing has a consensus rating of “Hold” and a consensus price target of $96.94.

In related news, Chairman Peter H. Coors sold 55,603 shares of the company’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $85.01, for a total value of $4,726,811.03. Following the transaction, the chairman now owns 319,222 shares in the company, valued at approximately $27,137,062.22. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Tracey Joubert sold 1,000 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $79.15, for a total transaction of $79,150.00. Following the completion of the transaction, the chief financial officer now owns 22,839 shares in the company, valued at approximately $1,807,706.85. The disclosure for this sale can be found here. Insiders own 2.76% of the company’s stock.

Molson Coors Brewing Co (TAP) opened at $84.06 on Tuesday. The stock has a market cap of $19,360.00, a PE ratio of 8.10, a P/E/G ratio of 2.17 and a beta of 0.83. Molson Coors Brewing Co has a one year low of $76.25 and a one year 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 announced its quarterly earnings results on Wednesday, November 1st. The company reported $1.34 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.34. The company had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.97 billion. Molson Coors Brewing had a net margin of 17.04% and a return on equity of 7.54%. Molson Coors Brewing’s revenue was up 204.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.03 EPS. analysts expect that Molson Coors Brewing Co will post 4.33 earnings per share for the current year.

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

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