Molson Coors Brewing Company (TAP) Stake Lowered by Cambiar Investors LLC

Cambiar Investors LLC decreased its position in shares of Molson Coors Brewing Company (NYSE:TAP) by 10.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 406,280 shares of the company’s stock after selling 46,214 shares during the quarter. Cambiar Investors LLC owned 0.19% of Molson Coors Brewing worth $33,169,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of TAP. Dupont Capital Management Corp purchased a new stake in shares of Molson Coors Brewing during the third quarter valued at approximately $103,000. Bessemer Group Inc. grew its holdings in shares of Molson Coors Brewing by 12.8% during the second quarter. Bessemer Group Inc. now owns 1,230 shares of the company’s stock valued at $106,000 after buying an additional 140 shares during the last quarter. Krilogy Financial LLC grew its holdings in shares of Molson Coors Brewing by 4,646.4% during the second quarter. Krilogy Financial LLC now owns 1,329 shares of the company’s stock valued at $115,000 after buying an additional 1,301 shares during the last quarter. Sun Life Financial INC grew its holdings in shares of Molson Coors Brewing by 14,900.0% during the second quarter. Sun Life Financial INC now owns 1,350 shares of the company’s stock valued at $117,000 after buying an additional 1,341 shares during the last quarter. Finally, Penserra Capital Management LLC grew its holdings in shares of Molson Coors Brewing by 30.4% during the second quarter. Penserra Capital Management LLC now owns 1,560 shares of the company’s stock valued at $134,000 after buying an additional 364 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

TAP has been the topic of a number of recent analyst reports. Susquehanna Bancshares Inc reiterated a “buy” rating on shares of Molson Coors Brewing in a 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 report on Thursday, August 3rd. UBS AG reiterated a “neutral” rating and set a $98.00 price target (up previously from $96.00) on shares of Molson Coors Brewing in a 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 upgraded shares of Molson Coors Brewing from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Molson Coors Brewing currently has an average rating of “Hold” and an average price target of $98.92.

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Shares of Molson Coors Brewing Company (NYSE TAP) traded down $0.19 during trading on Monday, reaching $80.34. 1,292,000 shares of the company were exchanged, compared to its average volume of 1,627,698. The company has a market capitalization of $17,305.23, a P/E ratio of 19.04, a price-to-earnings-growth ratio of 2.36 and a beta of 0.86. Molson Coors Brewing Company has a 12 month low of $78.10 and a 12 month high of $102.14. The company has a current ratio of 0.69, a quick ratio of 0.54 and a debt-to-equity ratio of 0.83.

Molson Coors Brewing (NYSE:TAP) last released its quarterly earnings results on Wednesday, November 1st. The company reported $1.34 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.34. Molson Coors Brewing had a net margin of 17.04% and a return on equity of 7.54%. The business had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.97 billion. During the same period last year, the firm earned $1.03 earnings per share. The company’s quarterly revenue was up 204.3% on a year-over-year basis. equities research analysts predict that Molson Coors Brewing Company will post 4.34 earnings per share for the current fiscal year.

Molson Coors Brewing Company 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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