Molson Coors Brewing Co. (NYSE:TAP) declared a quarterly dividend on Friday, November 18th. Shareholders of record on Wednesday, November 30th will be paid a dividend of 0.41 per share on Thursday, December 15th. This represents a $1.64 annualized dividend and a yield of 1.69%. The ex-dividend date is Monday, November 28th.

Shares of Molson Coors Brewing (NYSE:TAP) traded down 1.13% during trading on Friday, reaching $96.83. 1,480,545 shares of the company’s stock traded hands. The company’s 50-day moving average is $105.82 and its 200 day moving average is $102.05. Molson Coors Brewing has a 52-week low of $80.78 and a 52-week high of $112.19. The company has a market cap of $20.80 billion, a price-to-earnings ratio of 50.20 and a beta of 0.98.

Molson Coors Brewing (NYSE:TAP) last issued its quarterly earnings data on Tuesday, November 1st. The company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.05 by $0.02. The firm had revenue of $947.60 million for the quarter, compared to analysts’ expectations of $985.75 million. Molson Coors Brewing had a net margin of 11.48% and a return on equity of 7.21%. Molson Coors Brewing’s revenue was down 6.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.40 EPS. Equities analysts forecast that Molson Coors Brewing will post $5.74 EPS for the current year.

Dividend History for Molson Coors Brewing (NYSE:TAP)

In related news, CEO Krishnan Anand sold 13,000 shares of Molson Coors Brewing stock in a transaction on Wednesday, September 28th. The shares were sold at an average price of $110.64, for a total value of $1,438,320.00. Following the transaction, the chief executive officer now directly owns 35,705 shares of the company’s stock, valued at $3,950,401.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.53% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Marshall Wace LLP increased its position in shares of Molson Coors Brewing by 421.9% in the second quarter. Marshall Wace LLP now owns 532,448 shares of the company’s stock valued at $53,846,000 after buying an additional 430,421 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Molson Coors Brewing by 20.1% in the third quarter. Price T Rowe Associates Inc. MD now owns 2,147,226 shares of the company’s stock valued at $235,765,000 after buying an additional 359,842 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Molson Coors Brewing by 70.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 601,291 shares of the company’s stock valued at $60,809,000 after buying an additional 248,339 shares during the last quarter. BlackRock Fund Advisors increased its position in shares of Molson Coors Brewing by 6.4% in the second quarter. BlackRock Fund Advisors now owns 2,805,987 shares of the company’s stock valued at $283,769,000 after buying an additional 168,806 shares during the last quarter. Finally, BlackRock Inc. increased its position in shares of Molson Coors Brewing by 53.2% in the second quarter. BlackRock Inc. now owns 335,706 shares of the company’s stock valued at $33,950,000 after buying an additional 116,623 shares during the last quarter. 76.03% of the stock is currently owned by institutional investors.

TAP has been the subject of several research analyst reports. Goldman Sachs Group Inc. initiated coverage on shares of Molson Coors Brewing in a research report on Monday, October 10th. They set a “buy” rating and a $130.00 target price for the company. Zacks Investment Research lowered shares of Molson Coors Brewing from a “buy” rating to a “hold” rating in a research report on Tuesday, July 26th. Susquehanna reiterated a “buy” rating on shares of Molson Coors Brewing in a research report on Monday, August 8th. Citigroup Inc. lifted their target price on shares of Molson Coors Brewing from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, September 19th. Finally, Stifel Nicolaus lifted their target price on shares of Molson Coors Brewing from $136.00 to $139.00 and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $129.71.

About Molson Coors Brewing

Molson Coors Brewing Company (MCBC) is a holding company that operates as a brewer. The Company has a portfolio of brands, including Carling, Coors Light, Molson Canadian and Staropramen, as well as craft and specialty beers, such as Blue Moon, Creemore Springs, Cobra and Doom Bar. The Company operates through four segments: Molson Coors Canada (MCC or Canada segment); MillerCoors LLC (MillerCoors or U.S.

5 Day Chart for NYSE:TAP

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