Atlas Capital Advisors LLC cut its stake in Molson Coors Brewing Co (NYSE:TAP) by 75.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,478 shares of the company’s stock after selling 4,501 shares during the quarter. Atlas Capital Advisors LLC’s holdings in Molson Coors Brewing were worth $51,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. APG Asset Management N.V. lifted its holdings in Molson Coors Brewing by 151.2% during the 1st quarter. APG Asset Management N.V. now owns 126,722 shares of the company’s stock worth $4,943,000 after purchasing an additional 76,276 shares in the last quarter. Pictet Asset Management Ltd. increased its position in shares of Molson Coors Brewing by 12.7% during the first quarter. Pictet Asset Management Ltd. now owns 92,730 shares of the company’s stock valued at $3,617,000 after buying an additional 10,439 shares during the period. Balyasny Asset Management LLC purchased a new stake in shares of Molson Coors Brewing in the first quarter worth about $815,000. Guggenheim Capital LLC lifted its holdings in shares of Molson Coors Brewing by 10.6% in the first quarter. Guggenheim Capital LLC now owns 190,602 shares of the company’s stock worth $7,435,000 after buying an additional 18,269 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Molson Coors Brewing in the fourth quarter valued at approximately $83,272,000. Institutional investors own 79.76% of the company’s stock.

Several analysts have issued reports on the stock. UBS Group lowered their target price on shares of Molson Coors Brewing from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. Citigroup decreased their price target on shares of Molson Coors Brewing from $52.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Industrial Alliance Securities lowered Molson Coors Brewing from a “buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Morgan Stanley reduced their target price on Molson Coors Brewing from $45.00 to $41.00 and set an “equal weight” rating for the company in a research report on Monday, July 13th. Finally, Consumer Edge cut Molson Coors Brewing from an “overweight” rating to an “equal weight” rating in a report on Thursday, April 30th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $47.53.

Shares of NYSE TAP opened at $37.52 on Friday. The stock has a market capitalization of $8.11 billion, a P/E ratio of 8.51, a PEG ratio of 2.22 and a beta of 0.84. Molson Coors Brewing Co has a one year low of $33.18 and a one year high of $61.94. The firm’s 50 day simple moving average is $36.22 and its two-hundred day simple moving average is $43.56. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.67 and a quick ratio of 0.42.

Molson Coors Brewing (NYSE:TAP) last released its earnings results on Thursday, July 30th. The company reported $1.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.87. The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.40 billion. Molson Coors Brewing had a negative net margin of 1.33% and a positive return on equity of 7.18%. The firm’s quarterly revenue was down 15.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.52 EPS. As a group, equities analysts expect that Molson Coors Brewing Co will post 2.81 earnings per share for the current fiscal year.

Molson Coors Brewing 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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