State of Wisconsin Investment Board Acquires 122,636 Shares of Molson Coors Brewing Co (TAP)

State of Wisconsin Investment Board grew its holdings in Molson Coors Brewing Co (NYSE:TAP) by 59.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 327,471 shares of the company’s stock after acquiring an additional 122,636 shares during the period. State of Wisconsin Investment Board owned about 0.15% of Molson Coors Brewing worth $26,876,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in TAP. Epoch Investment Partners Inc. boosted its holdings in shares of Molson Coors Brewing by 852.1% in the 3rd quarter. Epoch Investment Partners Inc. now owns 2,428,882 shares of the company’s stock valued at $198,294,000 after acquiring an additional 2,173,761 shares during the last quarter. TD Asset Management Inc. lifted its stake in shares of Molson Coors Brewing by 1,749.8% in the 3rd quarter. TD Asset Management Inc. now owns 1,262,242 shares of the company’s stock valued at $103,049,000 after purchasing an additional 1,194,006 shares during the period. Independent Franchise Partners LLP lifted its stake in shares of Molson Coors Brewing by 19.8% in the 3rd quarter. Independent Franchise Partners LLP now owns 6,161,014 shares of the company’s stock valued at $502,985,000 after purchasing an additional 1,017,035 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Molson Coors Brewing by 23.4% in the 3rd quarter. Wells Fargo & Company MN now owns 3,185,329 shares of the company’s stock valued at $260,048,000 after purchasing an additional 603,947 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Molson Coors Brewing by 40.7% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,062,518 shares of the company’s stock valued at $87,157,000 after purchasing an additional 307,107 shares during the period. 77.05% of the stock is currently owned by institutional investors and hedge funds.

Molson Coors Brewing Co (NYSE TAP) opened at $81.47 on Tuesday. The company has a current ratio of 0.64, a quick ratio of 0.47 and a debt-to-equity ratio of 0.79. The firm has a market cap of $17,548.64, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 1.83 and a beta of 0.79. Molson Coors Brewing Co has a 12-month low of $72.71 and a 12-month high of $102.14.

Molson Coors Brewing (NYSE:TAP) last posted its quarterly earnings data on Wednesday, February 14th. The company reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.06. The company had revenue of $2.58 billion during the quarter, compared to analysts’ expectations of $2.60 billion. Molson Coors Brewing had a net margin of 10.34% and a return on equity of 7.55%. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.47 earnings per share. equities analysts predict that Molson Coors Brewing Co will post 5.12 EPS for the current fiscal year.

In related news, CFO Tracey Joubert sold 1,000 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $79.15, for a total value of $79,150.00. Following the completion of the sale, the chief financial officer now owns 22,839 shares of the company’s stock, valued at $1,807,706.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Peter H. Coors sold 55,603 shares of the company’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $85.01, for a total transaction of $4,726,811.03. Following the completion of the sale, the chairman now directly owns 319,222 shares of the company’s stock, valued at approximately $27,137,062.22. The disclosure for this sale can be found here. 2.76% of the stock is owned by corporate insiders.

Several equities analysts recently issued reports on TAP shares. Zacks Investment Research cut shares of Molson Coors Brewing from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Deutsche Bank started coverage on shares of Molson Coors Brewing in a research note on Wednesday, December 13th. They issued a “buy” rating and a $89.00 target price for the company. Susquehanna Bancshares set a $108.00 target price on shares of Molson Coors Brewing and gave the company a “buy” rating in a research note on Wednesday, November 1st. Berenberg Bank reiterated a “sell” rating and issued a $76.00 target price on shares of Molson Coors Brewing in a research note on Friday, November 3rd. Finally, Barclays started coverage on shares of Molson Coors Brewing in a research note on Wednesday, January 10th. They issued an “overweight” rating and a $94.00 target price for the company. Seven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $96.88.

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Molson Coors Brewing Profile

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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