Rational Advisors LLC acquired a new stake in Molson Coors Brewing Co (NYSE:TAP) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,657 shares of the company’s stock, valued at approximately $300,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Janus Henderson Group PLC raised its holdings in Molson Coors Brewing by 114.4% in the second quarter. Janus Henderson Group PLC now owns 51,241 shares of the company’s stock worth $4,424,000 after purchasing an additional 27,341 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in Molson Coors Brewing by 3.2% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 28,219 shares of the company’s stock worth $2,436,000 after purchasing an additional 873 shares during the period. Scotia Capital Inc. acquired a new stake in Molson Coors Brewing in the second quarter worth $257,000. Toronto Dominion Bank raised its holdings in Molson Coors Brewing by 25.7% in the second quarter. Toronto Dominion Bank now owns 62,604 shares of the company’s stock worth $5,404,000 after purchasing an additional 12,804 shares during the period. Finally, WFG Advisors LP raised its holdings in Molson Coors Brewing by 14.0% in the second quarter. WFG Advisors LP now owns 3,938 shares of the company’s stock worth $340,000 after purchasing an additional 483 shares during the period. Institutional investors and hedge funds own 76.90% of the company’s stock.
Several research firms have weighed in on TAP. Susquehanna Bancshares set a $107.00 target price on shares of Molson Coors Brewing and gave the stock a “buy” rating in a report on Monday. Berenberg Bank upgraded shares of Molson Coors Brewing from a “sell” rating to a “hold” rating and set a $78.00 target price on the stock in a report on Thursday, February 8th. Stifel Nicolaus reiterated a “buy” rating and issued a $112.00 target price on shares of Molson Coors Brewing in a report on Friday, February 2nd. BMO Capital Markets began coverage on shares of Molson Coors Brewing in a report on Monday, February 5th. They issued an “outperform” rating and a $95.00 target price on the stock. Finally, Credit Suisse Group upgraded shares of Molson Coors Brewing from a “neutral” rating to an “outperform” rating and set a $92.00 target price on the stock in a report on Monday. Eight investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $96.61.
Shares of Molson Coors Brewing Co (TAP) opened at $80.45 on Thursday. The company has a current ratio of 0.69, a quick ratio of 0.54 and a debt-to-equity ratio of 0.83. Molson Coors Brewing Co has a 12-month low of $72.71 and a 12-month high of $102.14. The stock has a market cap of $16,305.78, a price-to-earnings ratio of 17.94, a PEG ratio of 2.03 and a beta of 0.79.
Molson Coors Brewing (NYSE:TAP) last issued its quarterly earnings data on Wednesday, February 14th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.06. Molson Coors Brewing had a net margin of 17.04% and a return on equity of 7.54%. The company had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter in the prior year, the firm earned $0.47 earnings per share. The firm’s revenue was up 4.5% compared to the same quarter last year. research analysts expect that Molson Coors Brewing Co will post 4.33 EPS for the current fiscal year.
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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