Adams Asset Advisors LLC bought a new position in Molson Coors Brewing Co Class B (NYSE:TAP) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 88,128 shares of the company’s stock, valued at approximately $5,996,000. Molson Coors Brewing Co Class B makes up approximately 0.6% of Adams Asset Advisors LLC’s investment portfolio, making the stock its 25th largest holding.

Several other institutional investors have also bought and sold shares of TAP. HC Financial Advisors Inc. bought a new stake in shares of Molson Coors Brewing Co Class B in the 4th quarter worth $560,000. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Molson Coors Brewing Co Class B in the 4th quarter worth $12,293,000. Renaissance Technologies LLC increased its holdings in shares of Molson Coors Brewing Co Class B by 110.9% in the 4th quarter. Renaissance Technologies LLC now owns 826,100 shares of the company’s stock worth $67,798,000 after purchasing an additional 434,400 shares in the last quarter. AMP Capital Investors Ltd grew its holdings in shares of Molson Coors Brewing Co Class B by 2.5% in the fourth quarter. AMP Capital Investors Ltd now owns 134,193 shares of the company’s stock worth $11,014,000 after acquiring an additional 3,326 shares during the period. Finally, Two Sigma Advisers LP grew its holdings in shares of Molson Coors Brewing Co Class B by 153.4% in the fourth quarter. Two Sigma Advisers LP now owns 333,489 shares of the company’s stock worth $27,369,000 after acquiring an additional 201,900 shares during the period. 76.00% of the stock is owned by institutional investors and hedge funds.

In other news, CEO Mark Hunter sold 2,070 shares of the business’s stock in a transaction dated Thursday, May 3rd. The stock was sold at an average price of $61.26, for a total value of $126,808.20. Following the transaction, the chief executive officer now directly owns 147,275 shares in the company, valued at $9,022,066.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Krishnan Anand sold 2,595 shares of the business’s stock in a transaction dated Tuesday, May 1st. The shares were sold at an average price of $71.24, for a total value of $184,867.80. Following the completion of the transaction, the insider now owns 49,946 shares in the company, valued at $3,558,153.04. The disclosure for this sale can be found here. Insiders own 2.55% of the company’s stock.

Several analysts recently commented on TAP shares. Goldman Sachs Group lowered Molson Coors Brewing Co Class B from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $73.55 to $83.00 in a report on Tuesday, April 17th. Zacks Investment Research lowered Molson Coors Brewing Co Class B from a “hold” rating to a “sell” rating in a report on Tuesday, April 24th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Molson Coors Brewing Co Class B in a report on Thursday, April 19th. Citigroup cut their price objective on Molson Coors Brewing Co Class B from $102.00 to $88.00 and set a “buy” rating for the company in a report on Thursday, April 5th. Finally, Morgan Stanley cut their price objective on Molson Coors Brewing Co Class B from $88.00 to $69.00 and set an “equal weight” rating for the company in a report on Friday, May 4th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $81.54.

NYSE:TAP traded up $0.22 during mid-day trading on Wednesday, hitting $68.61. 3,907,252 shares of the company traded hands, compared to its average volume of 2,046,741. Molson Coors Brewing Co Class B has a one year low of $58.75 and a one year high of $94.02. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.36 and a current ratio of 0.52. The firm has a market capitalization of $15.06 billion, a PE ratio of 15.30, a P/E/G ratio of 2.00 and a beta of 0.76.

Molson Coors Brewing Co Class B (NYSE:TAP) last released its quarterly earnings results on Wednesday, May 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.30). Molson Coors Brewing Co Class B had a net margin of 10.95% and a return on equity of 6.81%. The company had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.45 billion. During the same period in the prior year, the firm posted $0.76 EPS. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. equities analysts forecast that Molson Coors Brewing Co Class B will post 4.84 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Monday, June 4th were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.39%. The ex-dividend date was Friday, June 1st. Molson Coors Brewing Co Class B’s dividend payout ratio is presently 36.69%.

Molson Coors Brewing Co Class B Profile

Molson Coors Brewing Company manufactures and sells beer and other beverage products in the United States, Canada, Europe, and internationally. It sells various products under the Coors Light, Miller Lite, Coors Banquet, the Blue Moon Brewing Company brands, the Jacob Leinenkugel Brewing Company brands, Keystone, Icehouse, Mickey's, Miller 64, Miller Genuine Draft, Miller High Life, Milwaukee's Best, Hamm's, Olde English 800, Steel Reserve, Crispin, Smith & Forge, Redd's, the Henry's Hard Soda, and Steel Reserve Alloy Series brands.

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

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