Janney Montgomery Scott LLC raised its position in Molson Coors Brewing Co. (NYSE:TAP) by 4.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,567 shares of the company’s stock after buying an additional 99 shares during the period. Janney Montgomery Scott LLC’s holdings in Molson Coors Brewing were worth $241,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nomura Asset Management Co. Ltd. raised its stake in Molson Coors Brewing by 0.8% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 18,199 shares of the company’s stock valued at $1,709,000 after buying an additional 140 shares during the last quarter. Norges Bank purchased a new stake in Molson Coors Brewing during the fourth quarter valued at $99,688,000. Chevy Chase Trust Holdings Inc. raised its stake in Molson Coors Brewing by 19.6% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 155,309 shares of the company’s stock valued at $14,938,000 after buying an additional 25,420 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Molson Coors Brewing by 42.6% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 41,726 shares of the company’s stock valued at $4,013,000 after buying an additional 12,455 shares during the last quarter. Finally, Exxonmobil Investment Management Inc. TX raised its stake in Molson Coors Brewing by 26.7% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 44,758 shares of the company’s stock valued at $4,305,000 after buying an additional 9,439 shares during the last quarter. Hedge funds and other institutional investors own 77.90% of the company’s stock.

Molson Coors Brewing Co. (NYSE:TAP) traded down 0.83% during mid-day trading on Friday, reaching $102.80. 1,443,585 shares of the company’s stock were exchanged. Molson Coors Brewing Co. has a 12 month low of $78.17 and a 12 month high of $107.55. The stock has a 50-day moving average of $100.75 and a 200-day moving average of $98.15. The firm has a market cap of $22.08 billion, a price-to-earnings ratio of 53.29 and a beta of 0.94.

Molson Coors Brewing (NYSE:TAP) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $1.11 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.11. The firm earned $986.20 million during the quarter, compared to the consensus estimate of $970.25 million. Molson Coors Brewing had a net margin of 7.54% and a return on equity of 8.21%. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.41 EPS. Analysts anticipate that Molson Coors Brewing Co. will post $3.30 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date was Monday, August 29th. Molson Coors Brewing’s dividend payout ratio (DPR) is presently 88.65%.

Several research firms have recently weighed in on TAP. Stifel Nicolaus reaffirmed a “buy” rating and set a $134.00 price objective (up previously from $119.00) on shares of Molson Coors Brewing in a report on Sunday, June 12th. Susquehanna reaffirmed a “buy” rating and set a $130.00 price objective on shares of Molson Coors Brewing in a report on Tuesday, June 7th. Zacks Investment Research raised shares of Molson Coors Brewing from a “hold” rating to a “buy” rating and set a $114.00 price objective for the company in a report on Tuesday, July 12th. Bryan, Garnier & Co raised shares of Molson Coors Brewing to a “buy” rating in a report on Friday, July 8th. Finally, Citigroup Inc. raised shares of Molson Coors Brewing from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $101.00 to $115.00 in a report on Friday, July 29th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $113.25.

In other news, Director Andrew Thomas Molson sold 1,173 shares of the company’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $99.49, for a total transaction of $116,701.77. Following the completion of the sale, the director now owns 6,834 shares of the company’s stock, valued at approximately $679,914.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Krishnan Anand sold 13,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $107.00, for a total transaction of $1,391,000.00. Following the sale, the chief executive officer now directly owns 29,676 shares of the company’s stock, valued at approximately $3,175,332. The disclosure for this sale can be found here. Insiders own 2.53% of the company’s stock.

About Molson Coors Brewing

Molson Coors Brewing Company (MCBC) is a holding company that operates as a brewer. The Company has a portfolio of brands, including Carling, Coors Light, Molson Canadian and Staropramen, as well as craft and specialty beers, such as Blue Moon, Creemore Springs, Cobra and Doom Bar. The Company operates through four segments: Molson Coors Canada (MCC or Canada segment); MillerCoors LLC (MillerCoors or U.S.

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