Sun Life Financial INC boosted its stake in Molson Coors Brewing Company (NYSE:TAP) by 14,900.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,350 shares of the company’s stock after buying an additional 1,341 shares during the quarter. Sun Life Financial INC’s holdings in Molson Coors Brewing were worth $117,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Shell Asset Management Co. grew its holdings in shares of Molson Coors Brewing by 0.3% during the 2nd quarter. Shell Asset Management Co. now owns 13,852 shares of the company’s stock valued at $1,196,000 after acquiring an additional 37 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Molson Coors Brewing by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,719 shares of the company’s stock worth $1,184,000 after acquiring an additional 42 shares during the last quarter. Neuberger Berman Group LLC increased its stake in shares of Molson Coors Brewing by 0.7% in the first quarter. Neuberger Berman Group LLC now owns 6,607 shares of the company’s stock worth $632,000 after acquiring an additional 44 shares during the last quarter. ING Groep NV increased its stake in shares of Molson Coors Brewing by 0.6% in the second quarter. ING Groep NV now owns 9,465 shares of the company’s stock worth $817,000 after acquiring an additional 52 shares during the last quarter. Finally, Boston Advisors LLC increased its stake in shares of Molson Coors Brewing by 1.4% in the second quarter. Boston Advisors LLC now owns 3,933 shares of the company’s stock worth $340,000 after acquiring an additional 55 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

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In other Molson Coors Brewing news, CEO Gavin Hattersley sold 17,215 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $91.90, for a total value of $1,582,058.50. Following the completion of the transaction, the chief executive officer now directly owns 99,217 shares in the company, valued at $9,118,042.30. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.76% of the stock is owned by company insiders.

A number of analysts recently issued reports on the company. Cowen and Company reissued a “hold” rating and set a $96.00 price objective on shares of Molson Coors Brewing in a research report on Friday, July 14th. Susquehanna Bancshares Inc set a $118.00 target price on Molson Coors Brewing and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Credit Suisse Group set a $96.00 target price on Molson Coors Brewing and gave the stock a “hold” rating in a research report on Thursday, August 3rd. Zacks Investment Research raised Molson Coors Brewing from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Finally, UBS AG reaffirmed a “neutral” rating and set a $96.00 price target (down from $100.00) on shares of Molson Coors Brewing in a research note on Friday, June 9th. One analyst has rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $107.02.

Molson Coors Brewing Company (NYSE:TAP) traded up 0.92% during mid-day trading on Wednesday, hitting $82.67. The stock had a trading volume of 82,957 shares. Molson Coors Brewing Company has a 52 week low of $80.92 and a 52 week high of $112.19. The stock’s 50-day moving average is $87.14 and its 200 day moving average is $90.67. The company has a market capitalization of $17.80 billion, a P/E ratio of 8.26 and a beta of 0.88.

Molson Coors Brewing (NYSE:TAP) last released its earnings results on Wednesday, August 2nd. The company reported $1.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.38). Molson Coors Brewing had a net margin of 19.78% and a return on equity of 7.41%. The company had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same period in the prior year, the firm posted $1.11 EPS. Molson Coors Brewing ‘s revenue was down .6% compared to the same quarter last year. Equities analysts forecast that Molson Coors Brewing Company will post $4.31 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were given a dividend of $0.41 per share. The ex-dividend date was Tuesday, August 29th. This represents a $1.64 annualized dividend and a yield of 2.00%. Molson Coors Brewing ‘s dividend payout ratio (DPR) is presently 16.38%.

Molson Coors Brewing 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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