Highlander Capital Management LLC continued to hold its position in Molson Coors Brewing Company (NYSE:TAP) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,300 shares of the company’s stock at the end of the 2nd quarter. Highlander Capital Management LLC’s holdings in Molson Coors Brewing were worth $112,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of TAP. Bessemer Group Inc. grew its holdings in shares of Molson Coors Brewing by 12.8% during the second quarter. Bessemer Group Inc. now owns 1,230 shares of the company’s stock valued at $106,000 after buying an additional 140 shares during the last quarter. Sun Life Financial INC grew its holdings in shares of Molson Coors Brewing by 14,900.0% during the second quarter. Sun Life Financial INC now owns 1,350 shares of the company’s stock valued at $117,000 after buying an additional 1,341 shares during the last quarter. Penserra Capital Management LLC grew its holdings in shares of Molson Coors Brewing by 30.4% during the second quarter. Penserra Capital Management LLC now owns 1,560 shares of the company’s stock valued at $134,000 after buying an additional 364 shares during the last quarter. Korea Investment CORP grew its holdings in shares of Molson Coors Brewing by 142.0% during the second quarter. Korea Investment CORP now owns 1,750 shares of the company’s stock valued at $151,000 after buying an additional 1,027 shares during the last quarter. Finally, Lloyds Banking Group plc grew its holdings in shares of Molson Coors Brewing by 18.4% during the second quarter. Lloyds Banking Group plc now owns 1,908 shares of the company’s stock valued at $164,000 after buying an additional 296 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

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TAP has been the topic of a number of recent analyst reports. Susquehanna Bancshares Inc reiterated a “buy” rating and set a $108.00 price target (down previously from $118.00) on shares of Molson Coors Brewing in a report on Friday, September 22nd. Berenberg Bank initiated coverage on shares of Molson Coors Brewing in a report on Wednesday, September 13th. They set a “sell” rating and a $78.00 price target on the stock. BidaskClub upgraded shares of Molson Coors Brewing from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Credit Suisse Group set a $92.00 price target on shares of Molson Coors Brewing and gave the company a “hold” rating in a report on Friday, September 29th. Finally, Cowen and Company reiterated a “hold” rating and set a $96.00 price target on shares of Molson Coors Brewing in a report on Thursday, September 28th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Molson Coors Brewing presently has an average rating of “Hold” and a consensus price target of $98.80.

In other Molson Coors Brewing news, CEO Gavin Hattersley sold 17,215 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 99,217 shares of the company’s stock, valued at approximately $9,118,042.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.76% of the stock is currently owned by insiders.

Shares of Molson Coors Brewing Company (NYSE:TAP) traded down 0.13% on Wednesday, reaching $83.86. 190,890 shares of the company were exchanged. The stock has a market capitalization of $16.37 billion, a price-to-earnings ratio of 8.31 and a beta of 0.88. The firm’s 50 day moving average price is $86.11 and its 200 day moving average price is $90.14. Molson Coors Brewing Company has a 52 week low of $80.92 and a 52 week high of $112.19.

Molson Coors Brewing (NYSE:TAP) last released its earnings results on Wednesday, August 2nd. The company reported $1.66 earnings per share for the quarter, missing the consensus estimate of $2.04 by ($0.38). The company had revenue of $3.09 billion for the quarter, compared to analysts’ expectations 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 in the prior year, the firm posted $1.11 EPS. Equities research analysts anticipate that Molson Coors Brewing Company will post $4.31 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend was Tuesday, August 29th. Molson Coors Brewing ‘s dividend payout ratio is presently 16.38%.

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.

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

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