Rational Advisors LLC Acquires New Holdings in Molson Coors Brewing Co (TAP)

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.

In related news, Chairman Peter H. Coors sold 55,603 shares of the firm’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $85.01, for a total value of $4,726,811.03. Following the completion of the transaction, the chairman now owns 319,222 shares of the company’s stock, valued at $27,137,062.22. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Tracey Joubert sold 1,000 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $79.15, for a total transaction of $79,150.00. Following the completion of the transaction, the chief financial officer now directly owns 22,839 shares of the company’s stock, valued at approximately $1,807,706.85. The disclosure for this sale can be found here. 2.76% of the stock is owned by corporate insiders.

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.

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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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