Ameriprise Financial Inc. grew its holdings in Molson Coors Brewing Company (NYSE:TAP) by 0.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 269,801 shares of the company’s stock after purchasing an additional 1,972 shares during the period. Ameriprise Financial Inc. owned approximately 0.13% of Molson Coors Brewing worth $22,022,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TAP. Dupont Capital Management Corp acquired a new position in shares of Molson Coors Brewing in the third quarter worth $103,000. Bessemer Group Inc. increased its stake in shares of Molson Coors Brewing by 12.8% in the second quarter. Bessemer Group Inc. now owns 1,230 shares of the company’s stock worth $106,000 after acquiring an additional 140 shares during the last quarter. Krilogy Financial LLC increased its stake in shares of Molson Coors Brewing by 4,646.4% in the second quarter. Krilogy Financial LLC now owns 1,329 shares of the company’s stock worth $115,000 after acquiring an additional 1,301 shares during the last quarter. Sun Life Financial INC increased its stake in shares of Molson Coors Brewing by 14,900.0% in the second quarter. Sun Life Financial INC now owns 1,350 shares of the company’s stock worth $117,000 after acquiring an additional 1,341 shares during the last quarter. Finally, Penserra Capital Management LLC increased its stake in shares of Molson Coors Brewing by 30.4% in the second quarter. Penserra Capital Management LLC now owns 1,560 shares of the company’s stock worth $134,000 after acquiring an additional 364 shares during the last quarter. Institutional investors own 78.00% of the company’s stock.

Molson Coors Brewing Company (NYSE TAP) traded up $0.21 during trading on Friday, reaching $80.14. 980,217 shares of the company’s stock traded hands, compared to its average volume of 1,163,106. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.69 and a quick ratio of 0.54. The firm has a market capitalization of $17,262.16, a P/E ratio of 18.99, a price-to-earnings-growth ratio of 2.35 and a beta of 0.83. Molson Coors Brewing Company has a 52-week low of $76.25 and a 52-week high of $102.14.

Molson Coors Brewing (NYSE:TAP) last posted its earnings results on Wednesday, November 1st. The company reported $1.34 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.34. The firm had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.97 billion. Molson Coors Brewing had a net margin of 17.04% and a return on equity of 7.54%. The business’s quarterly revenue was up 204.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.03 earnings per share. equities research analysts forecast that Molson Coors Brewing Company will post 4.34 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Wednesday, November 29th. Molson Coors Brewing’s payout ratio is 15.83%.

A number of equities analysts have recently weighed in on the stock. Susquehanna Bancshares set a $118.00 price target on shares of Molson Coors Brewing and gave the stock a “buy” rating in a research note on Tuesday, August 29th. Citigroup dropped their price target on shares of Molson Coors Brewing from $106.00 to $102.00 and set a “buy” rating on the stock in a research note on Friday, November 3rd. Zacks Investment Research downgraded shares of Molson Coors Brewing from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Credit Suisse Group set a $92.00 price target on shares of Molson Coors Brewing and gave the stock a “hold” rating in a research note on Friday, September 29th. Finally, Berenberg Bank assumed coverage on shares of Molson Coors Brewing in a research note on Wednesday, September 13th. They issued a “sell” rating and a $78.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $98.92.

In other Molson Coors Brewing news, CFO Tracey Joubert sold 1,000 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $79.15, for a total transaction of $79,150.00. Following the transaction, the chief financial officer now directly owns 22,839 shares of the company’s stock, valued at $1,807,706.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.76% of the company’s stock.

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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.

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

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