Icon Advisers Inc. Co. maintained its position in Molson Coors Brewing Company (NYSE:TAP) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,700 shares of the company’s stock at the close of the 2nd quarter. Icon Advisers Inc. Co. owned 0.17% of Molson Coors Brewing worth $2,910,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Bessemer Group Inc. raised its stake in shares of Molson Coors Brewing by 12.8% during the 2nd quarter. Bessemer Group Inc. now owns 1,230 shares of the company’s stock valued at $106,000 after purchasing an additional 140 shares during the period. Penserra Capital Management LLC raised its stake in shares of Molson Coors Brewing by 9.5% during the 1st quarter. Penserra Capital Management LLC now owns 1,196 shares of the company’s stock valued at $114,000 after purchasing an additional 104 shares during the period. Korea Investment CORP raised its stake in shares of Molson Coors Brewing by 142.0% during the 2nd quarter. Korea Investment CORP now owns 1,750 shares of the company’s stock valued at $151,000 after purchasing an additional 1,027 shares during the period. Lloyds Banking Group plc bought a new stake in shares of Molson Coors Brewing during the 1st quarter valued at $154,000. Finally, FNY Partners Fund LP raised its stake in shares of Molson Coors Brewing by 257.1% during the 2nd quarter. FNY Partners Fund LP now owns 2,500 shares of the company’s stock valued at $215,000 after purchasing an additional 1,800 shares during the period. Institutional investors own 78.34% of the company’s stock.

A number of research firms recently issued reports on TAP. Susquehanna Bancshares Inc set a $114.00 price objective on Molson Coors Brewing and gave the company a “buy” rating in a research note on Saturday, June 3rd. Cowen and Company reiterated a “market perform” rating and set a $100.00 price objective on shares of Molson Coors Brewing in a research note on Wednesday, May 31st. Credit Suisse Group set a $96.00 price objective on Molson Coors Brewing and gave the company a “hold” rating in a research note on Thursday, August 3rd. BidaskClub upgraded Molson Coors Brewing from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Finally, UBS AG reiterated a “neutral” rating and set a $98.00 price objective (up from $96.00) on shares of Molson Coors Brewing in a research note on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $109.09.

In other Molson Coors Brewing news, CEO Gavin Hattersley sold 17,215 shares of the firm’s 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 sale, the chief executive officer now directly owns 99,217 shares of the company’s stock, valued at $9,118,042.30. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.76% of the stock is owned by company insiders.

Molson Coors Brewing Company (NYSE TAP) opened at 87.65 on Friday. The stock has a market capitalization of $18.87 billion, a PE ratio of 8.76 and a beta of 0.90. Molson Coors Brewing Company has a 52-week low of $85.34 and a 52-week high of $112.19. The company’s 50-day moving average price is $89.75 and its 200 day moving average price is $92.17.

Molson Coors Brewing (NYSE:TAP) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $1.66 EPS for the quarter, missing the Zacks’ consensus estimate of $2.04 by ($0.38). The business had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.10 billion. Molson Coors Brewing had a net margin of 19.78% and a return on equity of 7.41%. Molson Coors Brewing ‘s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.11 earnings per share. Equities analysts forecast that Molson Coors Brewing Company will post $4.30 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be issued a dividend of $0.41 per share. The ex-dividend date is Tuesday, August 29th. This represents a $1.64 dividend on an annualized basis and a yield of 1.87%. Molson Coors Brewing ‘s dividend payout ratio is presently 16.38%.

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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.

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

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