Menta Capital LLC lowered its holdings in Molson Coors Brewing Co (NYSE:TAP) by 45.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,664 shares of the company’s stock after selling 7,076 shares during the period. Menta Capital LLC’s holdings in Molson Coors Brewing were worth $487,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in TAP. Hayek Kallen Investment Management grew its holdings in Molson Coors Brewing by 0.4% during the 4th quarter. Hayek Kallen Investment Management now owns 40,287 shares of the company’s stock worth $2,262,000 after acquiring an additional 164 shares in the last quarter. Quadrant Capital Group LLC grew its holdings 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 acquiring an additional 194 shares in the last quarter. E&G Advisors LP grew its holdings in Molson Coors Brewing by 7.5% during the 4th quarter. E&G Advisors LP now owns 4,300 shares of the company’s stock worth $241,000 after acquiring an additional 300 shares in the last quarter. Castle Rock Wealth Management LLC grew its holdings in Molson Coors Brewing by 5.3% during the 4th quarter. Castle Rock Wealth Management LLC now owns 6,326 shares of the company’s stock worth $421,000 after acquiring an additional 317 shares in the last quarter. Finally, Wetherby Asset Management Inc. grew its holdings in Molson Coors Brewing by 10.6% during the 4th quarter. Wetherby Asset Management Inc. now owns 3,966 shares of the company’s stock worth $223,000 after acquiring an additional 379 shares in the last quarter. Hedge funds and other institutional investors own 76.23% of the company’s stock.

In other news, CEO Simon Cox sold 9,497 shares of the company’s stock in a transaction on Tuesday, February 19th. The shares were 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 is available at this hyperlink. Corporate insiders own 2.55% of the company’s stock.

TAP has been the subject of several analyst reports. Morgan Stanley set a $68.00 price target on shares of Molson Coors Brewing and gave the stock a “hold” rating in a report on Thursday, December 20th. UBS Group initiated coverage on shares of Molson Coors Brewing in a report on Thursday, December 13th. They set a “buy” rating and a $80.00 price target for the company. Jefferies Financial Group reiterated a “sell” rating on shares of Molson Coors Brewing in a report on Tuesday, February 12th. BMO Capital Markets lowered their price target on shares of Molson Coors Brewing from $85.00 to $80.00 and set an “outperform” rating for the company in a report on Wednesday, February 13th. Finally, Citigroup lowered their price target on shares of Molson Coors Brewing from $72.00 to $69.00 and set a “buy” rating for the company in a report on Thursday, February 14th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. Molson Coors Brewing presently has a consensus rating of “Hold” and a consensus target price of $71.23.

Shares of Molson Coors Brewing stock opened at $60.82 on Friday. Molson Coors Brewing Co has a 12-month low of $54.17 and a 12-month high of $81.78. The company has a quick ratio of 0.51, a current ratio of 0.64 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $13.02 billion, a PE ratio of 12.07, a P/E/G ratio of 2.89 and a beta of 0.78.

Molson Coors Brewing (NYSE:TAP) last issued its earnings results on Tuesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.53 billion. During the same quarter in the prior year, the business posted $0.62 EPS. The company’s revenue for the quarter was down 6.2% on a year-over-year basis. As a group, research analysts expect that Molson Coors Brewing Co will post 4.66 earnings per share for the current year.

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

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About Molson Coors Brewing

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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