Martingale Asset Management L P purchased a new position in shares of Molson Coors Brewing Co (NYSE:TAP) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,521 shares of the company’s stock, valued at approximately $254,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Acima Private Wealth LLC acquired a new position in Molson Coors Brewing during the 4th quarter worth about $25,000. Financial Gravity Companies Inc. acquired a new position in Molson Coors Brewing during the 4th quarter worth about $60,000. Quadrant Capital Group LLC lifted its position in Molson Coors Brewing by 18.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,255 shares of the company’s stock worth $66,000 after buying an additional 194 shares in the last quarter. Enlightenment Research LLC acquired a new position in Molson Coors Brewing during the 4th quarter worth about $84,000. Finally, Oregon Public Employees Retirement Fund lifted its position in Molson Coors Brewing by 10,185.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,587,752 shares of the company’s stock worth $99,000 after buying an additional 5,533,427 shares in the last quarter. Institutional investors and hedge funds own 76.23% of the company’s stock.

Molson Coors Brewing stock opened at $60.82 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.51 and a current ratio of 0.64. Molson Coors Brewing Co has a 1 year low of $54.17 and a 1 year high of $81.78. The stock has a market cap of $13.02 billion, a price-to-earnings ratio of 12.07, a price-to-earnings-growth ratio of 2.89 and a beta of 0.78.

Molson Coors Brewing (NYSE:TAP) last released its earnings results on Tuesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. Molson Coors Brewing had a net margin of 8.37% and a return on equity of 7.89%. The company had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same period in the prior year, the company posted $0.62 EPS. The company’s revenue was down 6.2% compared to the same quarter last year. On average, analysts forecast that Molson Coors Brewing Co will post 4.66 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were paid a $0.41 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.70%. Molson Coors Brewing’s dividend payout ratio (DPR) is presently 32.54%.

TAP has been the topic of several research reports. UBS Group initiated coverage on shares of Molson Coors Brewing in a research report on Thursday, December 13th. They set a “buy” rating and a $80.00 price target on the stock. Citigroup reduced their price target on shares of Molson Coors Brewing from $72.00 to $69.00 and set a “buy” rating on the stock in a research report on Thursday, February 14th. Deutsche Bank downgraded shares of Molson Coors Brewing from a “buy” rating to a “hold” rating and reduced their price target for the stock from $72.00 to $63.00 in a research report on Tuesday, February 12th. Morgan Stanley set a $68.00 price target on shares of Molson Coors Brewing and gave the stock a “hold” rating in a research report on Thursday, December 20th. Finally, BMO Capital Markets cut their target price on shares of Molson Coors Brewing from $85.00 to $80.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 13th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $71.23.

In other news, CEO Simon Cox sold 9,497 shares of the company’s stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $60.69, for a total value of $576,372.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.55% of the company’s stock.

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Molson Coors Brewing Company Profile

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.

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

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