Cipher Capital LP Invests $4.85 Million in Molson Coors Brewing Company (TAP)

Cipher Capital LP purchased a new position in Molson Coors Brewing Company (NYSE:TAP) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 59,397 shares of the company’s stock, valued at approximately $4,849,000.

A number of other institutional investors have also recently bought and sold shares of TAP. Dupont Capital Management Corp purchased a new stake in Molson Coors Brewing during the third quarter valued at $103,000. Bessemer Group Inc. increased its position in 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 acquiring an additional 140 shares during the last quarter. Krilogy Financial LLC increased its position in 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 acquiring an additional 1,301 shares during the last quarter. Sun Life Financial INC increased its position in 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 acquiring an additional 1,341 shares during the last quarter. Finally, Penserra Capital Management LLC increased its position in 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 acquiring an additional 364 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Shares of Molson Coors Brewing Company (TAP) traded up $0.19 on Friday, reaching $79.68. The company’s stock had a trading volume of 745,273 shares, compared to its average volume of 1,614,682. 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 capitalization of $18,430.00, a PE ratio of 19.08, a price-to-earnings-growth ratio of 2.36 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 issued its quarterly earnings results on Wednesday, November 1st. The company reported $1.34 EPS for the quarter, hitting analysts’ consensus estimates of $1.34. The business had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.97 billion. Molson Coors Brewing had a return on equity of 9.14% and a net margin of 9.93%. The business’s quarterly revenue was up 204.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.03 earnings per share. equities research analysts forecast that Molson Coors Brewing Company will post 4.34 EPS for the current year.

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A number of analysts recently commented on TAP shares. Zacks Investment Research cut Molson Coors Brewing from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Cowen and Company reiterated a “hold” rating and set a $96.00 price objective on shares of Molson Coors Brewing in a research report on Thursday, September 28th. BidaskClub upgraded Molson Coors Brewing from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. UBS AG reiterated a “neutral” rating and set a $98.00 price objective (up previously from $96.00) on shares of Molson Coors Brewing in a research report on Wednesday, August 9th. Finally, Susquehanna Bancshares Inc reiterated a “buy” rating on shares of Molson Coors Brewing in a research report on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $98.92.

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.

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

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