Clearbridge Investments LLC decreased its position in shares of Molson Coors Brewing Co (NYSE:TAP) by 16.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,423 shares of the company’s stock after selling 667 shares during the period. Clearbridge Investments LLC’s holdings in Molson Coors Brewing were worth $281,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. BlackRock Inc. lifted its position in Molson Coors Brewing by 3.4% during the fourth quarter. BlackRock Inc. now owns 11,435,122 shares of the company’s stock valued at $938,480,000 after acquiring an additional 380,133 shares during the last quarter. Independent Franchise Partners LLP lifted its position in Molson Coors Brewing by 41.3% during the fourth quarter. Independent Franchise Partners LLP now owns 8,707,547 shares of the company’s stock valued at $714,628,000 after acquiring an additional 2,546,533 shares during the last quarter. Maverick Capital Ltd. lifted its position in Molson Coors Brewing by 65.2% during the fourth quarter. Maverick Capital Ltd. now owns 3,727,466 shares of the company’s stock valued at $305,913,000 after acquiring an additional 1,471,573 shares during the last quarter. Wells Fargo & Company MN lifted its position in Molson Coors Brewing by 12.9% during the fourth quarter. Wells Fargo & Company MN now owns 3,595,387 shares of the company’s stock valued at $295,074,000 after acquiring an additional 410,058 shares during the last quarter. Finally, Epoch Investment Partners Inc. lifted its position in Molson Coors Brewing by 852.1% during the third quarter. Epoch Investment Partners Inc. now owns 2,428,882 shares of the company’s stock valued at $198,294,000 after acquiring an additional 2,173,761 shares during the last quarter. 77.08% of the stock is owned by institutional investors.

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TAP has been the subject of a number of analyst reports. Deutsche Bank initiated coverage on shares of Molson Coors Brewing in a research report on Wednesday, December 13th. They set a “buy” rating and a $89.00 target price for the company. Stifel Nicolaus reissued a “buy” rating and set a $116.00 target price on shares of Molson Coors Brewing in a research report on Friday, December 22nd. Zacks Investment Research raised shares of Molson Coors Brewing from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a research report on Tuesday, January 2nd. Morgan Stanley initiated coverage on shares of Molson Coors Brewing in a research report on Tuesday, January 9th. They set an “equal weight” rating and a $88.00 target price for the company. Finally, Barclays initiated coverage on shares of Molson Coors Brewing in a research report on Wednesday, January 10th. They set an “overweight” rating and a $94.00 target price for the company. Eight investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $96.88.

In other Molson Coors Brewing news, Chairman Peter H. Coors sold 55,603 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $85.01, for a total transaction of $4,726,811.03. Following the transaction, the chairman now owns 319,222 shares in the company, valued at approximately $27,137,062.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.76% of the company’s stock.

Molson Coors Brewing Co (TAP) opened at $79.47 on Tuesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.47 and a current ratio of 0.64. Molson Coors Brewing Co has a 52 week low of $72.71 and a 52 week high of $99.65. The stock has a market cap of $17,285.44, a P/E ratio of 12.36, a price-to-earnings-growth ratio of 1.79 and a beta of 0.86.

Molson Coors Brewing (NYSE:TAP) last issued its quarterly earnings results on Wednesday, February 14th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.06. Molson Coors Brewing had a net margin of 10.34% and a return on equity of 7.55%. The business had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same quarter in the prior year, the business posted $0.47 EPS. Molson Coors Brewing’s revenue for the quarter was up 4.5% compared to the same quarter last year. equities research analysts expect that Molson Coors Brewing Co will post 5.16 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Monday, March 5th were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Friday, March 2nd. This represents a $1.64 dividend on an annualized basis and a yield of 2.06%. Molson Coors Brewing’s payout ratio is 25.51%.

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About Molson Coors Brewing

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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