InterOcean Capital LLC raised its position in shares of Molson Coors Brewing Company (NYSE:TAP) by 30.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,064 shares of the company’s stock after purchasing an additional 30,836 shares during the period. Molson Coors Brewing makes up approximately 1.6% of InterOcean Capital LLC’s investment portfolio, making the stock its 22nd biggest position. InterOcean Capital LLC owned 0.06% of Molson Coors Brewing worth $10,700,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Baker Ellis Asset Management LLC raised its position in Molson Coors Brewing by 4.9% during the third quarter. Baker Ellis Asset Management LLC now owns 35,086 shares of the company’s stock valued at $2,864,000 after purchasing an additional 1,650 shares in the last quarter. State of New Jersey Common Pension Fund D acquired a new position in Molson Coors Brewing during the third quarter valued at approximately $24,492,000. Strs Ohio raised its position in Molson Coors Brewing by 6.4% during the third quarter. Strs Ohio now owns 605,977 shares of the company’s stock valued at $49,471,000 after purchasing an additional 36,604 shares in the last quarter. Wells Fargo & Company MN raised its position in Molson Coors Brewing by 26.3% during the second quarter. Wells Fargo & Company MN now owns 2,581,382 shares of the company’s stock valued at $222,877,000 after purchasing an additional 537,767 shares in the last quarter. Finally, Toronto Dominion Bank raised its position in Molson Coors Brewing by 16.1% during the third quarter. Toronto Dominion Bank now owns 72,691 shares of the company’s stock valued at $5,934,000 after purchasing an additional 10,087 shares in the last quarter. Institutional investors and hedge funds own 78.01% of the company’s stock.

Molson Coors Brewing Company (NYSE TAP) traded down $0.80 during midday trading on Wednesday, hitting $78.58. 1,401,800 shares of the company’s stock were exchanged, compared to its average volume of 1,599,352. The company has a market capitalization of $17,160.92, a PE ratio of 18.88, a PEG ratio of 2.34 and a beta of 0.86. Molson Coors Brewing Company has a 12-month low of $78.10 and a 12-month high of $102.14. The company has a current ratio of 0.69, a quick ratio of 0.54 and a debt-to-equity ratio of 0.83.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.64 annualized dividend and a dividend yield of 2.09%. Molson Coors Brewing’s dividend payout ratio is 15.83%.

A number of analysts have weighed in on the stock. Susquehanna Bancshares set a $118.00 target price 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 target price on shares of Molson Coors Brewing and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Citigroup decreased their target price on shares of Molson Coors Brewing from $106.00 to $102.00 and set a “buy” rating on the stock in a research note on Friday, November 3rd. Zacks Investment Research cut shares of Molson Coors Brewing from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Finally, Berenberg Bank assumed coverage on shares of Molson Coors Brewing in a research note on Wednesday, September 13th. They set a “sell” rating and a $78.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $98.92.

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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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