Oakbrook Investments LLC decreased its position in Molson Coors Brewing Co (NYSE:TAP) by 8.0% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 15,825 shares of the company’s stock after selling 1,375 shares during the period. Oakbrook Investments LLC’s holdings in Molson Coors Brewing were worth $1,515,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Molson Coors Brewing by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,564 shares of the company’s stock worth $1,028,000 after buying an additional 43 shares in the last quarter. Suntrust Banks Inc. boosted its position in shares of Molson Coors Brewing by 0.6% in the third quarter. Suntrust Banks Inc. now owns 8,113 shares of the company’s stock worth $890,000 after buying an additional 52 shares in the last quarter. Conning Inc. boosted its position in shares of Molson Coors Brewing by 2.7% in the third quarter. Conning Inc. now owns 3,021 shares of the company’s stock worth $332,000 after buying an additional 80 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Molson Coors Brewing by 2.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,846 shares of the company’s stock worth $668,000 after buying an additional 131 shares in the last quarter. Finally, Creative Planning boosted its position in shares of Molson Coors Brewing by 4.0% in the first quarter. Creative Planning now owns 4,093 shares of the company’s stock worth $392,000 after buying an additional 156 shares in the last quarter. Institutional investors own 80.12% of the company’s stock.

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

Molson Coors Brewing Co (NYSE:TAP) traded down 1.15% on Thursday, hitting $95.05. The company had a trading volume of 1,607,301 shares. The firm’s 50 day moving average price is $96.83 and its 200 day moving average price is $99.48. The stock has a market cap of $20.43 billion, a P/E ratio of 10.27 and a beta of 0.95. Molson Coors Brewing Co has a 12-month low of $89.40 and a 12-month high of $112.19.

Molson Coors Brewing (NYSE:TAP) last announced its quarterly earnings results on Tuesday, February 14th. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by $0.40. The business had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.58 billion. Molson Coors Brewing had a return on equity of 7.21% and a net margin of 11.48%. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.49 EPS. Equities analysts predict that Molson Coors Brewing Co will post $6.33 earnings per share for the current fiscal year.

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A number of brokerages have commented on TAP. Cowen and Company cut Molson Coors Brewing from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $120.00 to $105.00 in a research note on Thursday. JPMorgan Chase & Co. began coverage on Molson Coors Brewing in a research note on Tuesday, March 21st. They set a “neutral” rating and a $105.00 price objective on the stock. Susquehanna Bancshares Inc set a $140.00 price objective on Molson Coors Brewing and gave the stock a “buy” rating in a research note on Monday, March 20th. Credit Suisse Group AG began coverage on Molson Coors Brewing in a research note on Monday, January 23rd. They set a “neutral” rating and a $106.00 price objective on the stock. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded Molson Coors Brewing from a “strong sell” rating to a “hold” rating in a research note on Monday, February 20th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Molson Coors Brewing presently has an average rating of “Buy” and an average price target of $120.44.

In other Molson Coors Brewing news, VP Brian Tabolt sold 1,806 shares of the firm’s stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $98.13, for a total transaction of $177,222.78. Following the completion of the transaction, the vice president now owns 4,231 shares in the company, valued at $415,188.03. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.53% of the stock is owned by company insiders.

Molson Coors Brewing Company 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.

5 Day Chart for NYSE:TAP

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