National Pension Service raised its stake in shares of Molson Coors Brewing Co (NYSE:TAP) by 11.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 195,840 shares of the company’s stock after acquiring an additional 19,636 shares during the period. National Pension Service’s holdings in Molson Coors Brewing were worth $16,073,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Dupont Capital Management Corp bought a new position in Molson Coors Brewing during the 3rd quarter valued at about $103,000. Krilogy Financial LLC lifted its stake in Molson Coors Brewing by 4,646.4% during the 2nd quarter. Krilogy Financial LLC now owns 1,329 shares of the company’s stock valued at $115,000 after acquiring an additional 1,301 shares during the period. Sun Life Financial INC lifted its stake in Molson Coors Brewing by 14,900.0% during the 2nd quarter. Sun Life Financial INC now owns 1,350 shares of the company’s stock valued at $117,000 after acquiring an additional 1,341 shares during the period. Meeder Asset Management Inc. bought a new position in Molson Coors Brewing during the 3rd quarter valued at about $138,000. Finally, Advisor Group Inc. lifted its stake in Molson Coors Brewing by 48.9% during the 3rd quarter. Advisor Group Inc. now owns 2,598 shares of the company’s stock valued at $213,000 after acquiring an additional 853 shares during the period. Institutional investors and hedge funds own 77.54% of the company’s stock.

Several equities analysts have issued reports on TAP shares. Zacks Investment Research upgraded shares of Molson Coors Brewing from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a research note on Tuesday, January 2nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $116.00 price target on shares of Molson Coors Brewing in a research report on Friday, December 22nd. Citigroup reduced their price target on shares of Molson Coors Brewing from $106.00 to $102.00 and set a “buy” rating for the company in a research report on Friday, November 3rd. Susquehanna Bancshares reaffirmed a “buy” rating on shares of Molson Coors Brewing in a research report on Wednesday, October 11th. Finally, Morgan Stanley assumed coverage on shares of Molson Coors Brewing in a research report on Tuesday, January 9th. They set an “equal weight” rating and a $88.00 price target for the company. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $96.94.

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

Shares of Molson Coors Brewing Co (TAP) opened at $84.06 on Tuesday. Molson Coors Brewing Co has a 52-week low of $76.25 and a 52-week high of $102.14. The company has a market cap of $19,360.00, a PE ratio of 8.10, a PEG ratio of 2.17 and a beta of 0.83. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.54 and a current ratio of 0.69.

Molson Coors Brewing (NYSE:TAP) last released its earnings results on Wednesday, November 1st. The company reported $1.34 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.34. The company had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.97 billion. Molson Coors Brewing had a net margin of 17.04% and a return on equity of 7.54%. The firm’s quarterly revenue was up 204.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.03 EPS. sell-side analysts expect that Molson Coors Brewing Co will post 4.33 earnings per share 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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