Northwestern Mutual Investment Management Company LLC Has $3.57 Million Position in Molson Coors Brewing Company (TAP)

Northwestern Mutual Investment Management Company LLC boosted its position in Molson Coors Brewing Company (NYSE:TAP) by 76.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,272 shares of the company’s stock after buying an additional 16,110 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Molson Coors Brewing Company were worth $3,567,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Intellectus Partners LLC bought a new position in shares of Molson Coors Brewing Company during the fourth quarter worth approximately $104,000. Amica Retiree Medical Trust bought a new position in shares of Molson Coors Brewing Company during the first quarter worth approximately $105,000. Advisory Services Network LLC bought a new position in shares of Molson Coors Brewing Company during the first quarter worth approximately $130,000. Highlander Capital Management LLC raised its position in Molson Coors Brewing Company by 30.0% in the third quarter. Highlander Capital Management LLC now owns 1,300 shares of the company’s stock valued at $143,000 after buying an additional 300 shares during the period. Finally, Lloyds Banking Group plc acquired a new position in Molson Coors Brewing Company during the first quarter valued at about $154,000. 77.37% of the stock is owned by hedge funds and other institutional investors.

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

Molson Coors Brewing Company (NYSE:TAP) traded down 0.90% on Friday, reaching $86.85. 3,149,234 shares of the company were exchanged. The company’s 50-day moving average price is $92.91 and its 200-day moving average price is $96.15. The stock has a market capitalization of $18.70 billion, a P/E ratio of 9.33 and a beta of 0.92. Molson Coors Brewing Company has a 12-month low of $85.99 and a 12-month high of $112.19.

Molson Coors Brewing Company (NYSE:TAP) last posted its earnings results on Wednesday, May 3rd. The company reported $0.76 EPS for the quarter, missing the Zacks’ consensus estimate of $1.31 by $0.55. Molson Coors Brewing Company had a net margin of 23.53% and a return on equity of 6.73%. The business had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter in the prior year, the firm earned $0.54 EPS. Molson Coors Brewing Company’s revenue for the quarter was up 278.7% compared to the same quarter last year. Equities research analysts anticipate that Molson Coors Brewing Company will post $6.49 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Wednesday, May 31st were issued a $0.41 dividend. The ex-dividend date of this dividend was Friday, May 26th. This represents a $1.64 annualized dividend and a dividend yield of 1.89%. Molson Coors Brewing Company’s dividend payout ratio is presently 17.60%.

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Several research analysts recently issued reports on TAP shares. Susquehanna Bancshares Inc set a $140.00 price target on shares of Molson Coors Brewing Company and gave the stock a “buy” rating in a research report on Monday, March 20th. Cowen and Company reaffirmed an “outperform” rating and set a $120.00 price objective on shares of Molson Coors Brewing Company in a research note on Monday, March 13th. Societe Generale cut shares of Molson Coors Brewing Company from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $118.00 to $98.00 in a research note on Thursday, May 4th. Zacks Investment Research raised shares of Molson Coors Brewing Company from a “strong sell” rating to a “hold” rating in a research note on Monday, February 20th. Finally, Vetr raised shares of Molson Coors Brewing Company from a “buy” rating to a “strong-buy” rating and set a $103.20 price target on the stock in a research note on Wednesday, May 3rd. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $114.29.

Molson Coors Brewing Company 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.

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