TD Asset Management Inc. increased its stake in Molson Coors Brewing Co. (NYSE:TAP) by 5.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 235,201 shares of the company’s stock after buying an additional 11,566 shares during the period. TD Asset Management Inc. owned approximately 0.11% of Molson Coors Brewing worth $25,825,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in TAP. CENTRAL TRUST Co boosted its stake in Molson Coors Brewing by 1,000.0% in the second quarter. CENTRAL TRUST Co now owns 1,100 shares of the company’s stock valued at $111,000 after buying an additional 1,000 shares during the period. MU Investments Co. Ltd. acquired a new position in shares of Molson Coors Brewing during the third quarter worth $114,000. Global X Management Co. LLC raised its position in shares of Molson Coors Brewing by 68.2% in the second quarter. Global X Management Co. LLC now owns 1,401 shares of the company’s stock worth $142,000 after buying an additional 568 shares in the last quarter. MSI Financial Services Inc raised its position in shares of Molson Coors Brewing by 1.3% in the third quarter. MSI Financial Services Inc now owns 1,458 shares of the company’s stock worth $160,000 after buying an additional 19 shares in the last quarter. Finally, Alpha Cubed Investments LLC acquired a new position in shares of Molson Coors Brewing during the second quarter worth $202,000. Institutional investors and hedge funds own 77.21% of the company’s stock.

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

Molson Coors Brewing Co. (NYSE:TAP) traded down 0.16% during mid-day trading on Wednesday, hitting $99.89. The company had a trading volume of 273,756 shares. The company has a market cap of $21.46 billion, a PE ratio of 36.06 and a beta of 0.98. Molson Coors Brewing Co. has a one year low of $80.78 and a one year high of $112.19. The company’s 50 day moving average price is $104.16 and its 200-day moving average price is $102.14.

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Monday, November 28th. Molson Coors Brewing’s payout ratio is currently 60.74%.

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A number of research analysts recently weighed in on the company. Zacks Investment Research raised Molson Coors Brewing from a “hold” rating to a “strong-buy” rating and set a $125.00 price objective on the stock in a report on Tuesday, October 4th. Bank of America Corp. assumed coverage on Molson Coors Brewing in a report on Monday, October 10th. They set a “buy” rating and a $140.00 price objective on the stock. Goldman Sachs Group Inc. assumed coverage on Molson Coors Brewing in a report on Monday, October 10th. They set a “buy” rating and a $130.00 price objective on the stock. Citigroup Inc. upped their price objective on Molson Coors Brewing from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, September 19th. Finally, Susquehanna upped their price objective on Molson Coors Brewing from $129.00 to $159.00 and gave the stock a “positive” rating in a report on Wednesday, September 21st. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Molson Coors Brewing has an average rating of “Buy” and an average target price of $129.71.

In other Molson Coors Brewing news, CEO Mark Hunter sold 5,851 shares of Molson Coors Brewing stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $100.00, for a total transaction of $585,100.00. Following the sale, the chief executive officer now owns 80,785 shares of the company’s stock, valued at approximately $8,078,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Krishnan Anand sold 13,000 shares of Molson Coors Brewing stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $107.00, for a total value of $1,391,000.00. Following the sale, the chief executive officer now directly owns 29,676 shares in the company, valued at approximately $3,175,332. The disclosure for this sale can be found here. Company insiders own 2.53% of the company’s stock.

Molson Coors Brewing Company Profile

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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