Molson Coors Brewing Co (TAP) Shares Bought by Raymond James Trust N.A.

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Raymond James Trust N.A. increased its stake in shares of Molson Coors Brewing Co (NYSE:TAP) by 16.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,364 shares of the company’s stock after purchasing an additional 1,305 shares during the period. Raymond James Trust N.A.’s holdings in Molson Coors Brewing were worth $559,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TAP. Hayek Kallen Investment Management lifted its position in shares of Molson Coors Brewing by 0.4% in the fourth quarter. Hayek Kallen Investment Management now owns 40,287 shares of the company’s stock worth $2,262,000 after purchasing an additional 164 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Molson Coors Brewing by 18.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,255 shares of the company’s stock worth $66,000 after purchasing an additional 194 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Molson Coors Brewing by 9.8% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,286 shares of the company’s stock worth $185,000 after purchasing an additional 294 shares during the period. E&G Advisors LP raised its holdings in shares of Molson Coors Brewing by 7.5% during the fourth quarter. E&G Advisors LP now owns 4,300 shares of the company’s stock worth $241,000 after purchasing an additional 300 shares during the period. Finally, Castle Rock Wealth Management LLC raised its holdings in shares of Molson Coors Brewing by 5.3% during the fourth quarter. Castle Rock Wealth Management LLC now owns 6,326 shares of the company’s stock worth $421,000 after purchasing an additional 317 shares during the period. Hedge funds and other institutional investors own 76.50% of the company’s stock.

A number of analysts have weighed in on the stock. Morgan Stanley set a $68.00 target price on shares of Molson Coors Brewing and gave the stock a “hold” rating in a report on Thursday, December 20th. Zacks Investment Research raised shares of Molson Coors Brewing from a “sell” rating to a “hold” rating in a report on Wednesday. Jefferies Financial Group reissued a “sell” rating on shares of Molson Coors Brewing in a report on Tuesday, February 12th. Citigroup dropped their target price on shares of Molson Coors Brewing from $72.00 to $69.00 and set a “buy” rating on the stock in a report on Thursday, February 14th. Finally, BMO Capital Markets dropped their target price on shares of Molson Coors Brewing from $85.00 to $80.00 and set an “outperform” rating on the stock in a report on Wednesday, February 13th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. Molson Coors Brewing presently has a consensus rating of “Hold” and a consensus price target of $70.25.

TAP stock opened at $61.40 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.51 and a current ratio of 0.64. Molson Coors Brewing Co has a fifty-two week low of $54.17 and a fifty-two week high of $73.40. The stock has a market capitalization of $12.84 billion, a P/E ratio of 12.18, a PEG ratio of 3.53 and a beta of 0.77.

Molson Coors Brewing (NYSE:TAP) last released its quarterly earnings data on Tuesday, February 12th. The company reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.06. Molson Coors Brewing had a net margin of 8.37% and a return on equity of 7.89%. The business had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.53 billion. During the same quarter last year, the company earned $0.62 EPS. The company’s revenue for the quarter was down 6.2% compared to the same quarter last year. As a group, research analysts forecast that Molson Coors Brewing Co will post 4.63 earnings per share for the current fiscal year.

In related news, CEO Simon Cox sold 9,497 shares of the stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $60.69, for a total value of $576,372.93. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.55% of the stock is owned by company insiders.

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Molson Coors Brewing Profile

Molson Coors Brewing Company manufactures, markets, and sells beer and other malt beverage products in the United States, Canada, Europe, and internationally. The company sells various products under the Blue Moon, Coors Banquet, Coors Light, Miller Genuine Draft, Miller Lite, Hamm's, Icehouse, Keystone, Mickey's, Miller64, Miller High Life, Milwaukee's Best, Olde English, Steel Reserve, Grolsch, Hop Valley, Leinenkugel's, Peroni Nastro Azurro, Pilsner Urquell, Revolver, Saint Archer, Sol, Terrapin, Crispin, Smith & Forge, Arnold Palmer Spiked, Henry's Hard, Redd's, and Steel Reserve Alloy Series brands.

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

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