South Dakota Investment Council increased its holdings in shares of Molson Coors Brewing Company (NYSE:TAP) by 16.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 108,810 shares of the company’s stock after buying an additional 15,040 shares during the period. South Dakota Investment Council owned 0.05% of Molson Coors Brewing worth $8,883,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. FMR LLC raised its stake in shares of Molson Coors Brewing by 3.2% during the second quarter. FMR LLC now owns 18,229,807 shares of the company’s stock worth $1,573,961,000 after buying an additional 562,180 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Molson Coors Brewing by 2.5% during the second quarter. Vanguard Group Inc. now owns 17,735,626 shares of the company’s stock worth $1,531,294,000 after buying an additional 429,859 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Molson Coors Brewing by 33.2% during the second quarter. JPMorgan Chase & Co. now owns 16,058,334 shares of the company’s stock worth $1,386,476,000 after buying an additional 4,001,480 shares during the last quarter. BlackRock Inc. raised its stake in shares of Molson Coors Brewing by 1.9% during the second quarter. BlackRock Inc. now owns 10,875,972 shares of the company’s stock worth $939,033,000 after buying an additional 199,962 shares during the last quarter. Finally, Lazard Asset Management LLC raised its stake in shares of Molson Coors Brewing by 33.0% during the second quarter. Lazard Asset Management LLC now owns 10,538,919 shares of the company’s stock worth $909,928,000 after buying an additional 2,616,561 shares during the last quarter. 76.51% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have commented on TAP shares. Credit Suisse Group set a $96.00 target price on shares of Molson Coors Brewing and gave the company a “hold” rating in a research note on Thursday, August 3rd. BidaskClub raised shares of Molson Coors Brewing from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. UBS AG reaffirmed a “neutral” rating and issued a $98.00 target price (up previously from $96.00) on shares of Molson Coors Brewing in a research note on Thursday, August 3rd. Zacks Investment Research downgraded shares of Molson Coors Brewing from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 8th. Finally, Berenberg Bank started coverage on shares of Molson Coors Brewing in a research note on Wednesday, September 13th. They issued a “sell” rating and a $78.00 target price for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Molson Coors Brewing currently has an average rating of “Hold” and an average target price of $98.92.

Shares of Molson Coors Brewing Company (NYSE:TAP) traded up $0.13 during trading hours on Friday, reaching $79.67. 293,980 shares of the company’s stock traded hands, compared to its average volume of 1,338,258. Molson Coors Brewing Company has a 1 year low of $78.10 and a 1 year high of $102.14. 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 company has a market capitalization of $17,132.92, a P/E ratio of 18.85, a PEG ratio of 2.33 and a beta of 0.86.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Wednesday, November 29th. Molson Coors Brewing ‘s dividend payout ratio (DPR) is presently 15.83%.

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About Molson Coors Brewing

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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