Gilder Gagnon Howe & Co. LLC decreased its position in shares of Molson Coors Brewing Company (NYSE:TAP) by 0.2% during the second quarter, Holdings Channel reports. The institutional investor owned 2,509 shares of the company’s stock after selling 4 shares during the period. Gilder Gagnon Howe & Co. LLC’s holdings in Molson Coors Brewing were worth $217,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Shell Asset Management Co. raised its stake in Molson Coors Brewing by 0.3% in the second quarter. Shell Asset Management Co. now owns 13,852 shares of the company’s stock worth $1,196,000 after buying an additional 37 shares in the last quarter. Neuberger Berman Group LLC raised its stake in 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 buying an additional 44 shares in the last quarter. Whittier Trust Co. raised its stake in Molson Coors Brewing by 0.9% in the first quarter. Whittier Trust Co. now owns 5,321 shares of the company’s stock worth $509,000 after buying an additional 46 shares in the last quarter. ING Groep NV raised its stake in 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 buying an additional 52 shares in the last quarter. Finally, Boston Advisors LLC raised its stake in 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 buying an additional 55 shares in the last quarter. 79.50% of the stock is owned by institutional investors.

Shares of Molson Coors Brewing Company (NYSE TAP) opened at 90.40 on Friday. The stock has a market capitalization of $19.46 billion, a price-to-earnings ratio of 9.03 and a beta of 0.91. The stock has a 50 day moving average of $88.12 and a 200-day moving average of $93.49. Molson Coors Brewing Company has a 52-week low of $85.34 and a 52-week high of $112.19.

Molson Coors Brewing (NYSE:TAP) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $1.66 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 business had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter last year, the firm earned $1.11 EPS. The company’s revenue for the quarter was down .6% on a year-over-year basis. On average, equities research analysts predict that Molson Coors Brewing Company will post $4.31 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend is Tuesday, August 29th. Molson Coors Brewing ‘s dividend payout ratio (DPR) is presently 16.38%.

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A number of analysts have commented on the stock. Cowen and Company reaffirmed a “hold” rating and set a $96.00 price objective on shares of Molson Coors Brewing in a research note on Friday, July 14th. Susquehanna Bancshares Inc set a $114.00 price objective on shares of Molson Coors Brewing and gave the company a “buy” rating in a research note on Saturday, June 3rd. UBS AG reaffirmed a “neutral” rating and set a $96.00 price objective (down from $100.00) on shares of Molson Coors Brewing in a research note on Friday, June 9th. Societe Generale lowered shares of Molson Coors Brewing from a “buy” rating to a “hold” rating and reduced their price objective for the company from $118.00 to $98.00 in a research note on Thursday, May 4th. Finally, Vetr raised shares of Molson Coors Brewing from a “buy” rating to a “strong-buy” rating and set a $103.20 price objective for the company in a research note on Wednesday, May 3rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Molson Coors Brewing presently has an average rating of “Hold” and an average price target of $111.60.

In other news, CEO Gavin Hattersley sold 17,215 shares of Molson Coors Brewing stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $91.90, for a total transaction of $1,582,058.50. Following the transaction, the chief executive officer now owns 99,217 shares in the company, valued at approximately $9,118,042.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.53% of the company’s stock.

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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