Dupont Capital Management Corp Acquires Shares of 1,266 Molson Coors Brewing Company (TAP)

Dupont Capital Management Corp acquired a new stake in Molson Coors Brewing Company (NYSE:TAP) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,266 shares of the company’s stock, valued at approximately $103,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in TAP. Xact Kapitalforvaltning AB raised its stake in shares of Molson Coors Brewing by 4.9% in the second quarter. Xact Kapitalforvaltning AB now owns 14,926 shares of the company’s stock valued at $1,289,000 after acquiring an additional 701 shares in the last quarter. Atria Investments LLC increased its holdings in Molson Coors Brewing by 2.7% in the second quarter. Atria Investments LLC now owns 2,843 shares of the company’s stock valued at $245,000 after buying an additional 74 shares during the last quarter. Creative Planning increased its holdings in Molson Coors Brewing by 14.2% in the second quarter. Creative Planning now owns 4,674 shares of the company’s stock valued at $404,000 after buying an additional 581 shares during the last quarter. National Pension Service increased its holdings in Molson Coors Brewing by 3.4% in the second quarter. National Pension Service now owns 169,213 shares of the company’s stock valued at $14,630,000 after buying an additional 5,549 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. increased its holdings in Molson Coors Brewing by 0.9% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 160,798 shares of the company’s stock valued at $13,883,000 after buying an additional 1,400 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

TAP has been the topic of several recent analyst reports. Zacks Investment Research lowered Molson Coors Brewing from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 8th. Cowen and Company reissued a “hold” rating and issued a $96.00 target price on shares of Molson Coors Brewing in a report on Thursday, September 28th. BidaskClub raised Molson Coors Brewing from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. UBS AG reissued a “neutral” rating and issued a $98.00 target price (up previously from $96.00) on shares of Molson Coors Brewing in a report on Wednesday, August 9th. Finally, Susquehanna Bancshares Inc reissued a “buy” rating on shares of Molson Coors Brewing in a report on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $98.92.

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Molson Coors Brewing Company (NYSE TAP) opened at $80.84 on Tuesday. The stock has a market capitalization of $17,305.23, a PE 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 twelve month low of $78.10 and a twelve 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 announced its earnings results on Wednesday, November 1st. The company reported $1.34 earnings per share for the quarter, hitting the 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 during the quarter, compared to the consensus estimate of $2.97 billion. During the same quarter in the prior year, the firm earned $1.03 earnings per share. The business’s quarterly revenue was up 204.3% compared to the same quarter last year. sell-side analysts forecast that Molson Coors Brewing Company will post 4.34 EPS for the current year.

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.

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

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