Sei Investments Co. grew its stake in Molson Coors Brewing Company (NYSE:TAP) by 6.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 212,190 shares of the company’s stock after acquiring an additional 12,298 shares during the period. Sei Investments Co. owned 0.10% of Molson Coors Brewing worth $17,324,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of TAP. Independent Franchise Partners LLP bought a new stake in shares of Molson Coors Brewing during the second quarter worth approximately $444,131,000. Maverick Capital Ltd. bought a new stake in shares of Molson Coors Brewing during the second quarter worth approximately $438,738,000. JPMorgan Chase & Co. raised its stake in shares of Molson Coors Brewing by 33.2% during the second quarter. JPMorgan Chase & Co. now owns 16,058,334 shares of the company’s stock worth $1,386,476,000 after buying an additional 4,001,480 shares during the last quarter. Lazard Asset Management LLC raised its stake in shares of Molson Coors Brewing by 33.0% during the second quarter. Lazard Asset Management LLC now owns 10,538,919 shares of the company’s stock worth $909,928,000 after buying an additional 2,616,561 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. raised its stake in shares of Molson Coors Brewing by 353.7% during the second quarter. Diamond Hill Capital Management Inc. now owns 2,627,608 shares of the company’s stock worth $226,868,000 after buying an additional 2,048,467 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

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Shares of Molson Coors Brewing Company (TAP) traded down $0.32 during midday trading on Wednesday, reaching $80.52. 861,900 shares of the company were exchanged, compared to its average volume of 1,621,285. The firm has a market capitalization of $17,412.94, a PE ratio of 19.16, a P/E/G ratio of 2.37 and a beta of 0.86. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.54 and a current ratio of 0.69. Molson Coors Brewing Company has a 52-week low of $78.10 and a 52-week high of $102.14.

Molson Coors Brewing (NYSE:TAP) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $1.34 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.34. The firm had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.97 billion. Molson Coors Brewing had a net margin of 17.04% and a return on equity of 7.54%. The business’s revenue for the quarter was up 204.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.03 earnings per share. analysts forecast that Molson Coors Brewing Company will post 4.34 EPS for the current year.

A number of research firms recently weighed in on TAP. Susquehanna Bancshares Inc set a $118.00 price target on shares of Molson Coors Brewing and gave the stock a “buy” rating in a research note on Tuesday, August 29th. Credit Suisse Group set a $96.00 price target on shares of Molson Coors Brewing and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Citigroup Inc. dropped their price target on shares of Molson Coors Brewing from $106.00 to $102.00 and set a “buy” rating for the company in a research note on Friday, November 3rd. Zacks Investment Research downgraded shares of Molson Coors Brewing from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Finally, Berenberg Bank began coverage on shares of Molson Coors Brewing in a research note on Wednesday, September 13th. They set a “sell” rating and a $78.00 price target for the company. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Molson Coors Brewing presently has an average rating of “Hold” and an average target price of $98.92.

Molson Coors Brewing 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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