UBS Asset Management Americas Inc. boosted its position in Molson Coors Brewing Co (NYSE:TAP) by 19.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 522,895 shares of the company’s stock after buying an additional 84,491 shares during the period. UBS Asset Management Americas Inc. owned about 0.24% of Molson Coors Brewing worth $50,881,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. MU Investments Co. Ltd. bought a new stake in shares of Molson Coors Brewing during the third quarter worth about $114,000. Intellectus Partners LLC acquired a new stake in shares of Molson Coors Brewing during the fourth quarter valued at $104,000. Highlander Capital Management LLC increased its stake in shares of Molson Coors Brewing 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 last quarter. MSI Financial Services Inc boosted 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 valued at $160,000 after buying an additional 19 shares during the period. Finally, Parallel Advisors LLC purchased a new position in shares of Molson Coors Brewing during the fourth quarter valued at about $162,000. Institutional investors own 80.12% of the company’s stock.

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

Shares of Molson Coors Brewing Co (NYSE:TAP) opened at 95.05 on Friday. Molson Coors Brewing Co has a 52-week low of $89.40 and a 52-week high of $112.19. The firm has a market cap of $20.43 billion, a PE ratio of 10.27 and a beta of 0.95. The stock has a 50 day moving average price of $96.70 and a 200-day moving average price of $99.45.



Molson Coors Brewing (NYSE:TAP) last released its quarterly earnings results on Tuesday, February 14th. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by $0.40. Molson Coors Brewing had a return on equity of 7.21% and a net margin of 11.48%. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.58 billion. During the same quarter last year, the firm posted $0.49 earnings per share. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. On average, equities analysts anticipate that Molson Coors Brewing Co will post $6.29 EPS for the current fiscal year.

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Several brokerages recently issued reports on TAP. Zacks Investment Research raised Molson Coors Brewing from a “strong sell” rating to a “hold” rating in a research note on Monday, February 20th. JPMorgan Chase & Co. started coverage on Molson Coors Brewing in a research note on Tuesday, March 21st. They issued a “neutral” rating and a $105.00 price objective on the stock. Susquehanna Bancshares Inc set a $140.00 target price on Molson Coors Brewing and gave the company a “buy” rating in a research report on Monday, March 20th. Credit Suisse Group AG started coverage on Molson Coors Brewing in a research report on Monday, January 23rd. They set a “neutral” rating and a $106.00 target price on the stock. They noted that the move was a valuation call. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $120.00 target price on shares of Molson Coors Brewing in a research report on Monday, March 13th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Molson Coors Brewing presently has an average rating of “Buy” and an average target price of $120.44.

In related news, VP Brian Tabolt sold 1,806 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $98.13, for a total value of $177,222.78. Following the sale, the vice president now directly owns 4,231 shares in the company, valued at approximately $415,188.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.53% of the stock is currently owned by insiders.

Molson Coors Brewing 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.

5 Day Chart for NYSE:TAP

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