Molson Coors Brewing Company (NYSE:TAP) Shares Sold by Capstone Asset Management Co.

Capstone Asset Management Co. decreased its position in Molson Coors Brewing Company (NYSE:TAP) by 5.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,662 shares of the company’s stock after selling 560 shares during the period. Capstone Asset Management Co.’s holdings in Molson Coors Brewing were worth $834,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Neuberger Berman Group LLC increased its stake in Molson Coors Brewing by 0.7% in the first quarter. Neuberger Berman Group LLC now owns 6,607 shares of the company’s stock worth $632,000 after buying an additional 44 shares during the last quarter. Whittier Trust Co. increased its stake in Molson Coors Brewing by 0.9% in the first quarter. Whittier Trust Co. now owns 5,321 shares of the company’s stock worth $509,000 after buying an additional 46 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in Molson Coors Brewing by 0.8% in the first quarter. Municipal Employees Retirement System of Michigan now owns 12,090 shares of the company’s stock worth $1,157,000 after buying an additional 90 shares during the last quarter. Penserra Capital Management LLC increased its stake in Molson Coors Brewing by 9.5% in the first quarter. Penserra Capital Management LLC now owns 1,196 shares of the company’s stock worth $114,000 after buying an additional 104 shares during the last quarter. Finally, Advantus Capital Management Inc increased its stake in Molson Coors Brewing by 0.8% in the first quarter. Advantus Capital Management Inc now owns 18,557 shares of the company’s stock worth $1,776,000 after buying an additional 146 shares during the last quarter. Institutional investors own 78.58% of the company’s stock.

Molson Coors Brewing Company (TAP) traded down 0.24% during midday trading on Friday, reaching $89.74. The company had a trading volume of 1,091,526 shares. The stock has a 50-day moving average price of $88.69 and a 200 day moving average price of $93.29. Molson Coors Brewing Company has a 12-month low of $85.34 and a 12-month high of $112.19. The company has a market capitalization of $19.32 billion, a PE ratio of 8.97 and a beta of 0.91.

Molson Coors Brewing (NYSE:TAP) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $1.66 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.04 by $0.38. Molson Coors Brewing had a return on equity of 7.41% and a net margin of 19.78%. The business had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period last year, the business posted $1.11 earnings per share. The business’s revenue was down .6% on a year-over-year basis. Equities analysts forecast that Molson Coors Brewing Company will post $4.31 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Tuesday, August 29th. Molson Coors Brewing ‘s dividend payout ratio (DPR) is presently 16.38%.

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A number of equities research analysts have recently weighed in on the company. Susquehanna Bancshares Inc set a $114.00 target price on Molson Coors Brewing and gave the stock a “buy” rating in a research report on Saturday, June 3rd. UBS AG restated a “neutral” rating and set a $96.00 target price (down previously from $100.00) on shares of Molson Coors Brewing in a research report on Friday, June 9th. Cowen and Company restated a “hold” rating and set a $96.00 target price on shares of Molson Coors Brewing in a research report on Friday, July 14th. Societe Generale downgraded Molson Coors Brewing from a “buy” rating to a “hold” rating and dropped their target price for the stock from $118.00 to $98.00 in a research report on Thursday, May 4th. Finally, Vetr upgraded Molson Coors Brewing from a “buy” rating to a “strong-buy” rating and set a $103.20 target price for the company in a research report on Wednesday, May 3rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Molson Coors Brewing presently has an average rating of “Hold” and a consensus target price of $111.60.

In other news, CEO Gavin Hattersley sold 17,215 shares of Molson Coors Brewing stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $91.90, for a total value of $1,582,058.50. Following the completion of the transaction, the chief executive officer now directly owns 99,217 shares of the company’s stock, valued at approximately $9,118,042.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.53% of the company’s stock.

About Molson Coors Brewing

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.

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

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