Quantbot Technologies LP trimmed its stake in Molson Coors Brewing Company (NYSE:TAP) by 91.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,621 shares of the company’s stock after selling 51,320 shares during the period. Quantbot Technologies LP’s holdings in Molson Coors Brewing were worth $398,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of TAP. Wells Fargo & Company MN lifted its position in Molson Coors Brewing by 26.3% in the second quarter. Wells Fargo & Company MN now owns 2,581,382 shares of the company’s stock valued at $222,877,000 after acquiring an additional 537,767 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Molson Coors Brewing by 3.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 573,970 shares of the company’s stock valued at $49,557,000 after acquiring an additional 17,562 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Molson Coors Brewing by 1.3% in the second quarter. Principal Financial Group Inc. now owns 279,587 shares of the company’s stock valued at $24,140,000 after acquiring an additional 3,476 shares in the last quarter. Delta Lloyd Asset Management N.V. acquired a new position in Molson Coors Brewing in the second quarter valued at $2,811,000. Finally, FIL Ltd boosted its stake in Molson Coors Brewing by 1.9% in the first quarter. FIL Ltd now owns 6,481,958 shares of the company’s stock valued at $620,388,000 after acquiring an additional 119,127 shares in the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Gavin Hattersley sold 17,215 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $91.90, for a total transaction of $1,582,058.50. Following the completion of the sale, the chief executive officer now owns 99,217 shares of the company’s stock, valued at approximately $9,118,042.30. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.76% of the company’s stock.

Shares of Molson Coors Brewing Company (NYSE TAP) opened at 81.64 on Monday. The firm’s 50-day moving average price is $89.50 and its 200 day moving average price is $91.77. Molson Coors Brewing Company has a 1-year low of $80.92 and a 1-year high of $112.19. The stock has a market capitalization of $17.58 billion, a P/E ratio of 8.16 and a beta of 0.89.

Molson Coors Brewing (NYSE:TAP) last issued its earnings results on Wednesday, August 2nd. The company reported $1.66 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.04 by ($0.38). The business had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.10 billion. Molson Coors Brewing had a return on equity of 7.41% and a net margin of 19.78%. The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the company posted $1.11 earnings per share. Analysts expect that Molson Coors Brewing Company will post $4.31 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.01%. The ex-dividend date was Tuesday, August 29th. Molson Coors Brewing ‘s dividend payout ratio (DPR) is presently 16.38%.

A number of analysts have recently commented on the company. Susquehanna Bancshares Inc reiterated a “positive” rating and set a $117.00 target price (up previously from $114.00) on shares of Molson Coors Brewing in a research report on Wednesday, June 7th. Credit Suisse Group set a $96.00 target price on Molson Coors Brewing and gave the company a “hold” rating in a report on Thursday, August 3rd. BidaskClub raised Molson Coors Brewing from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. UBS AG reissued a “neutral” rating and issued a $98.00 target price (up from $96.00) on shares of Molson Coors Brewing in a research report on Thursday, August 3rd. Finally, Zacks Investment Research downgraded Molson Coors Brewing from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 8th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Molson Coors Brewing presently has a consensus rating of “Hold” and a consensus target price of $107.02.

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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.

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

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