Sciencast Management LP bought a new position in shares of Molson Coors Brewing Co (NYSE:TAP) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 29,800 shares of the company’s stock, valued at approximately $1,779,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Inc. increased its stake in Molson Coors Brewing by 6.1% during the 4th quarter. BlackRock Inc. now owns 14,961,904 shares of the company’s stock worth $840,259,000 after purchasing an additional 857,107 shares in the last quarter. Dodge & Cox increased its stake in Molson Coors Brewing by 163.1% during the 3rd quarter. Dodge & Cox now owns 8,367,441 shares of the company’s stock worth $514,598,000 after purchasing an additional 5,187,400 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake 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 purchasing an additional 5,533,427 shares in the last quarter. LSV Asset Management increased its stake in Molson Coors Brewing by 317.4% during the 4th quarter. LSV Asset Management now owns 3,570,297 shares of the company’s stock worth $200,507,000 after purchasing an additional 2,714,997 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Molson Coors Brewing by 8.3% during the 4th quarter. Geode Capital Management LLC now owns 2,550,361 shares of the company’s stock worth $142,989,000 after acquiring an additional 194,378 shares in the last quarter. 76.51% of the stock is owned by institutional investors and hedge funds.

TAP has been the subject of several research reports. Citigroup decreased 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 research note on Thursday, February 14th. Deutsche Bank cut shares of Molson Coors Brewing from a “buy” rating to a “hold” rating and decreased their price target for the stock from $72.00 to $63.00 in a research note 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 note on Thursday, December 20th. BMO Capital Markets decreased 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 research note on Wednesday, February 13th. Finally, Jefferies Financial Group reaffirmed a “sell” rating on shares of Molson Coors Brewing in a research note on Wednesday, April 10th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $71.23.

Shares of TAP traded up $0.41 during mid-day trading on Monday, hitting $60.39. 353,841 shares of the company’s stock were exchanged, compared to its average volume of 1,455,409. The stock has a market capitalization of $12.97 billion, a P/E ratio of 11.98, a P/E/G ratio of 3.51 and a beta of 0.77. Molson Coors Brewing Co has a 52 week low of $54.17 and a 52 week high of $74.00. The company has a quick ratio of 0.51, a current ratio of 0.64 and a debt-to-equity ratio of 0.65.

Molson Coors Brewing (NYSE:TAP) last released its quarterly earnings data on Tuesday, February 12th. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.78 by $0.06. The company had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.53 billion. Molson Coors Brewing had a return on equity of 7.89% and a net margin of 8.37%. The firm’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.62 EPS. On average, sell-side analysts anticipate that Molson Coors Brewing Co will post 4.63 earnings per share for the current fiscal year.

In other news, CEO Simon Cox sold 9,497 shares of the stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $60.69, for a total value of $576,372.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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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