BT Investment Management Ltd bought a new stake in shares of Molson Coors Brewing Company (NYSE:TAP) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,275 shares of the company’s stock, valued at approximately $283,000.

A number of other hedge funds also recently modified their holdings of TAP. Bessemer Group Inc. boosted its holdings in 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 acquiring an additional 140 shares during the period. Penserra Capital Management LLC boosted its holdings in 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 acquiring an additional 104 shares during the period. Korea Investment CORP boosted its holdings in 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 acquiring an additional 1,027 shares during the period. Lloyds Banking Group plc boosted its holdings in Molson Coors Brewing by 18.4% during the 2nd quarter. Lloyds Banking Group plc now owns 1,908 shares of the company’s stock valued at $164,000 after acquiring an additional 296 shares during the period. Finally, FNY Partners Fund LP boosted its holdings in 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 acquiring an additional 1,800 shares during the period. Institutional investors own 78.32% of the company’s stock.

In other news, CEO Gavin Hattersley sold 17,215 shares of the company’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 transaction of $1,582,058.50. Following the transaction, the chief executive officer now 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 at this link. Corporate insiders own 2.76% of the company’s stock.

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Shares of Molson Coors Brewing Company (NYSE:TAP) opened at 82.81 on Friday. The stock has a market cap of $17.83 billion, a PE ratio of 8.27 and a beta of 0.90. Molson Coors Brewing Company has a 12-month low of $82.51 and a 12-month high of $112.19. The firm has a 50-day moving average price of $89.50 and a 200 day moving average price of $91.77.

Molson Coors Brewing (NYSE:TAP) last released its earnings results on Wednesday, August 2nd. The company reported $1.66 EPS for the quarter, missing analysts’ consensus estimates 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%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.11 EPS. Equities research analysts expect that Molson Coors Brewing Company will post $4.30 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were paid a dividend of $0.41 per share. The ex-dividend date was Tuesday, August 29th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.98%. Molson Coors Brewing ‘s dividend payout ratio is 16.38%.

Several equities research analysts recently weighed in on the company. Susquehanna Bancshares Inc restated a “buy” rating and set a $108.00 target price on shares of Molson Coors Brewing in a report on Friday. Berenberg Bank assumed coverage on Molson Coors Brewing in a report on Wednesday, September 13th. They set a “sell” rating and a $78.00 target price for the company. BidaskClub upgraded Molson Coors Brewing from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. UBS AG restated a “neutral” rating and set a $98.00 target price (up from $96.00) on shares of Molson Coors Brewing in a report on Wednesday, August 9th. Finally, Zacks Investment Research cut Molson Coors Brewing from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $107.35.

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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