Molson Coors Brewing Company (TAP) Stake Lowered by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its stake in shares of Molson Coors Brewing Company (NYSE:TAP) by 4.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 42,160 shares of the company’s stock after selling 1,752 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Molson Coors Brewing were worth $3,442,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of TAP. Creative Planning grew its position in Molson Coors Brewing by 14.2% in the 2nd quarter. Creative Planning now owns 4,674 shares of the company’s stock valued at $404,000 after purchasing an additional 581 shares during the period. LS Investment Advisors LLC grew its position in Molson Coors Brewing by 6.1% in the 2nd quarter. LS Investment Advisors LLC now owns 8,758 shares of the company’s stock valued at $756,000 after purchasing an additional 504 shares during the period. Louisiana State Employees Retirement System grew its position in Molson Coors Brewing by 1.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 11,500 shares of the company’s stock valued at $993,000 after purchasing an additional 200 shares during the period. Aperio Group LLC grew its position in Molson Coors Brewing by 4.1% in the 2nd quarter. Aperio Group LLC now owns 75,516 shares of the company’s stock valued at $6,520,000 after purchasing an additional 3,001 shares during the period. Finally, US Bancorp DE grew its position in Molson Coors Brewing by 0.8% in the 2nd quarter. US Bancorp DE now owns 24,693 shares of the company’s stock valued at $2,132,000 after purchasing an additional 192 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

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Molson Coors Brewing Company (NYSE:TAP) opened at $79.68 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.54 and a current ratio of 0.69. The stock has a market cap of $17,163.07, a price-to-earnings ratio of 18.88, a price-to-earnings-growth ratio of 2.34 and a beta of 0.86. Molson Coors Brewing Company has a fifty-two week low of $78.10 and a fifty-two week high of $102.14.

Molson Coors Brewing (NYSE:TAP) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $1.34 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.34. The firm had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.97 billion. Molson Coors Brewing had a net margin of 17.04% and a return on equity of 7.54%. The business’s revenue for the quarter was up 204.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.03 EPS. sell-side analysts anticipate that Molson Coors Brewing Company will post 4.34 earnings per share for the current fiscal year.

TAP has been the subject of several research reports. Susquehanna Bancshares Inc reissued a “buy” rating on shares of Molson Coors Brewing in a research report on Wednesday, August 2nd. Credit Suisse Group set a $96.00 price target on shares of Molson Coors Brewing and gave the company a “hold” rating in a research report on Thursday, August 3rd. UBS AG reissued a “neutral” rating and issued a $98.00 price target (up previously from $96.00) on shares of Molson Coors Brewing in a research report on Thursday, August 3rd. Zacks Investment Research downgraded shares of Molson Coors Brewing from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Finally, BidaskClub raised shares of Molson Coors Brewing from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $98.92.

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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