Twin Tree Management LP acquired a new position in shares of Molson Coors Brewing Co Class B (NYSE:TAP) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 22,150 shares of the company’s stock, valued at approximately $1,507,000.

Several other large investors have also recently made changes to their positions in the stock. Canada Pension Plan Investment Board raised its holdings in Molson Coors Brewing Co Class B by 17.1% during the second quarter. Canada Pension Plan Investment Board now owns 157,118 shares of the company’s stock valued at $10,690,000 after buying an additional 23,000 shares in the last quarter. Arizona State Retirement System raised its holdings in Molson Coors Brewing Co Class B by 4.0% during the second quarter. Arizona State Retirement System now owns 93,320 shares of the company’s stock valued at $6,349,000 after buying an additional 3,616 shares in the last quarter. Nicholas Hoffman & Company LLC. bought a new position in Molson Coors Brewing Co Class B during the second quarter valued at about $1,157,000. Rational Advisors LLC bought a new position in Molson Coors Brewing Co Class B during the second quarter valued at about $376,000. Finally, Strs Ohio raised its holdings in Molson Coors Brewing Co Class B by 35.8% during the second quarter. Strs Ohio now owns 1,231,231 shares of the company’s stock valued at $83,772,000 after buying an additional 324,693 shares in the last quarter. Institutional investors and hedge funds own 77.46% of the company’s stock.

In other news, insider Krishnan Anand sold 2,595 shares of the firm’s stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $64.96, for a total value of $168,571.20. Following the sale, the insider now directly owns 49,946 shares of the company’s stock, valued at $3,244,492.16. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.55% of the company’s stock.

Several equities analysts have weighed in on TAP shares. Zacks Investment Research lowered Molson Coors Brewing Co Class B from a “hold” rating to a “sell” rating in a report on Tuesday, April 24th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $100.00 price target on shares of Molson Coors Brewing Co Class B in a research report on Thursday, April 19th. Morgan Stanley lowered their price target on Molson Coors Brewing Co Class B from $88.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Friday, May 4th. Citigroup lowered their price target on Molson Coors Brewing Co Class B from $88.00 to $74.00 and set a “buy” rating on the stock in a research report on Friday, May 4th. Finally, ValuEngine downgraded Molson Coors Brewing Co Class B from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $80.92.

Shares of NYSE:TAP opened at $67.89 on Friday. The stock has a market capitalization of $14.12 billion, a PE ratio of 15.19, a price-to-earnings-growth ratio of 2.09 and a beta of 0.73. Molson Coors Brewing Co Class B has a 52-week low of $58.75 and a 52-week high of $91.52. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.51 and a current ratio of 0.66.

Molson Coors Brewing Co Class B (NYSE:TAP) last issued its quarterly earnings results on Wednesday, August 1st. The company reported $1.88 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.83 by $0.05. The company had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.08 billion. Molson Coors Brewing Co Class B had a return on equity of 6.97% and a net margin of 11.68%. The firm’s revenue was down .2% compared to the same quarter last year. During the same period last year, the business posted $1.70 earnings per share. sell-side analysts predict that Molson Coors Brewing Co Class B will post 4.85 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 17th. Stockholders of record on Friday, August 31st will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend is Thursday, August 30th. Molson Coors Brewing Co Class B’s dividend payout ratio is currently 36.69%.

About Molson Coors Brewing Co Class B

Molson Coors Brewing Company manufactures and sells beer and other beverage products in the United States, Canada, Europe, and internationally. It sells various products under the Coors Light, Miller Lite, Coors Banquet, the Blue Moon Brewing Company brands, the Jacob Leinenkugel Brewing Company brands, Keystone, Icehouse, Mickey's, Miller 64, Miller Genuine Draft, Miller High Life, Milwaukee's Best, Hamm's, Olde English 800, Steel Reserve, Crispin, Smith & Forge, Redd's, the Henry's Hard Soda, and Steel Reserve Alloy Series brands.

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Institutional Ownership by Quarter for Molson Coors Brewing Co Class B (NYSE:TAP)

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