HL Financial Services LLC Purchases New Position in Molson Coors Brewing Company (TAP)

HL Financial Services LLC acquired a new position in shares of Molson Coors Brewing Company (NYSE:TAP) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 6,537 shares of the company’s stock, valued at approximately $534,000.

Other institutional investors also recently bought and sold shares of the company. Baker Ellis Asset Management LLC lifted its position in Molson Coors Brewing by 4.9% during the 3rd quarter. Baker Ellis Asset Management LLC now owns 35,086 shares of the company’s stock worth $2,864,000 after acquiring an additional 1,650 shares during the period. State of New Jersey Common Pension Fund D acquired a new stake in Molson Coors Brewing during the 3rd quarter worth approximately $24,492,000. Strs Ohio lifted its position in Molson Coors Brewing by 6.4% during the 3rd quarter. Strs Ohio now owns 605,977 shares of the company’s stock worth $49,471,000 after acquiring an additional 36,604 shares during the period. Wells Fargo & Company MN lifted its position in Molson Coors Brewing by 26.3% during the 2nd quarter. Wells Fargo & Company MN now owns 2,581,382 shares of the company’s stock worth $222,877,000 after acquiring an additional 537,767 shares during the period. Finally, Principal Financial Group Inc. lifted its position in Molson Coors Brewing by 1.3% during the 2nd quarter. Principal Financial Group Inc. now owns 279,587 shares of the company’s stock worth $24,140,000 after acquiring an additional 3,476 shares during the period. 78.72% of the stock is owned by institutional investors.

Shares of Molson Coors Brewing Company (NYSE TAP) opened at $80.84 on Tuesday. The company has a quick ratio of 0.54, a current ratio of 0.69 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $17,305.23, a P/E ratio of 19.04, a PEG ratio of 2.36 and a beta of 0.86. Molson Coors Brewing Company has a 1-year low of $78.10 and a 1-year high of $102.14.

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

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TAP has been the subject of a number of recent research reports. Zacks Investment Research cut Molson Coors Brewing from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Cowen and Company reaffirmed a “hold” rating and set a $96.00 price objective on shares of Molson Coors Brewing in a research report on Thursday, September 28th. BidaskClub raised Molson Coors Brewing from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. UBS AG reaffirmed a “neutral” rating and set a $98.00 price objective (up from $96.00) on shares of Molson Coors Brewing in a research report on Wednesday, August 9th. Finally, Susquehanna Bancshares Inc reaffirmed a “buy” rating on shares of Molson Coors Brewing in a research report on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Molson Coors Brewing currently has an average rating of “Hold” and an average price target of $98.92.

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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