The World Asset Management Inc Has $1.77 Million Position in Molson Coors Brewing Co (TAP)

The World Asset Management Inc Has $1.77 Million Position in Molson Coors Brewing Co (TAP)

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Principal Financial Group Inc. raised its position in Molson Coors Brewing by 4.0% in the third quarter. Principal Financial Group Inc. now owns 283,237 shares of the company’s stock worth $31,100,000 after buying an additional 10,981 shares during the last quarter. Suntrust Banks Inc. increased its stake in Molson Coors Brewing by 0.6% in the third quarter. Suntrust Banks Inc. now owns 8,113 shares of the company’s stock worth $890,000 after buying an additional 52 shares during the period. Americafirst Capital Management LLC bought a new stake in Molson Coors Brewing during the third quarter worth approximately $1,813,000. Pictet North America Advisors SA increased its stake in Molson Coors Brewing by 1.7% in the third quarter. Pictet North America Advisors SA now owns 12,150 shares of the company’s stock worth $1,334,000 after buying an additional 200 shares during the period. Finally, Westbourne Investment Advisors Inc. increased its stake in Molson Coors Brewing by 204.4% in the third quarter. Westbourne Investment Advisors Inc. now owns 9,208 shares of the company’s stock worth $1,011,000 after buying an additional 6,183 shares during the period. 80.12% of the stock is owned by institutional investors and hedge funds.

World Asset Management Inc raised its stake in shares of Molson Coors Brewing Co (NYSE:TAP) by 10.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,498 shares of the company’s stock after buying an additional 1,789 shares during the period. World Asset Management Inc’s holdings in Molson Coors Brewing were worth $1,770,000 as of its most recent filing with the SEC.

Shares of Molson Coors Brewing Co (TAP) opened at 96.86 on Monday. The stock has a 50 day moving average of $94.62 and a 200 day moving average of $96.79. The company has a market cap of $20.85 billion, a price-to-earnings ratio of 10.41 and a beta of 0.95. Molson Coors Brewing Co has a 12-month low of $89.27 and a 12-month high of $112.19.

Molson Coors Brewing (NYSE:TAP) last posted its earnings results on Wednesday, May 3rd. The company reported $0.76 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.31 by $0.55. The firm had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.46 billion. Molson Coors Brewing had a return on equity of 7.21% and a net margin of 11.48%. The firm’s quarterly revenue was up 278.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.54 EPS. On average, equities analysts expect that Molson Coors Brewing Co will post $6.48 earnings per share for the current fiscal year. The business also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Wednesday, May 31st will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Friday, May 26th. Molson Coors Brewing’s dividend payout ratio (DPR) is presently 60.74%.

Molson Coors Brewing (NYSE:TAP) last posted its earnings results on Wednesday, May 3rd. The company reported $0.76 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.31 by $0.55. The firm had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.46 billion. Molson Coors Brewing had a return on equity of 7.21% and a net margin of 11.48%. The firm’s quarterly revenue was up 278.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.54 EPS. On average, equities analysts expect that Molson Coors Brewing Co will post $6.48 earnings per share for the current fiscal year. A number of research firms recently commented on TAP. Susquehanna Bancshares Inc set a $114.00 target price on shares of Molson Coors Brewing and gave the stock a “buy” rating in a report on Saturday. Zacks Investment Research upgraded shares of Molson Coors Brewing from a “strong sell” rating to a “hold” rating in a report on Monday, February 20th. Societe Generale lowered shares of Molson Coors Brewing from a “buy” rating to a “hold” rating and cut their price target for the company from $118.00 to $98.00 in a report on Thursday, May 4th. Cowen and Company reaffirmed a “market perform” rating and set a $100.00 price objective on shares of Molson Coors Brewing in a research report on Wednesday, May 31st. Finally, JPMorgan Chase & Co. started coverage on shares of Molson Coors Brewing in a research report on Tuesday, March 21st. They set a “neutral” rating and a $105.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $114.02.

In related news, VP Brian Tabolt sold 1,806 shares of the business’s stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $98.13, for a total value of $177,222.78. Following the completion of the transaction, the vice president now owns 4,231 shares of the company’s stock, valued at $415,188.03. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.53% of the stock is owned by insiders. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TAP”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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