Sage Capital Advisors llc bought a new position in Molson Coors Brewing Co (NYSE:TAP) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 64,783 shares of the company’s stock, valued at approximately $3,492,000. Molson Coors Brewing makes up about 2.2% of Sage Capital Advisors llc’s portfolio, making the stock its 13th biggest holding.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Amundi Pioneer Asset Management Inc. boosted its position in shares of Molson Coors Brewing by 19.9% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 247,248 shares of the company’s stock valued at $14,749,000 after acquiring an additional 41,054 shares during the last quarter. Pictet Asset Management Ltd. grew its position in Molson Coors Brewing by 19.8% during the second quarter. Pictet Asset Management Ltd. now owns 31,374 shares of the company’s stock valued at $1,757,000 after buying an additional 5,182 shares during the period. MML Investors Services LLC grew its position in Molson Coors Brewing by 7.2% during the second quarter. MML Investors Services LLC now owns 6,170 shares of the company’s stock valued at $346,000 after buying an additional 413 shares during the period. Captrust Financial Advisors increased its holdings in Molson Coors Brewing by 23.7% in the second quarter. Captrust Financial Advisors now owns 1,243 shares of the company’s stock valued at $70,000 after buying an additional 238 shares in the last quarter. Finally, APG Asset Management N.V. increased its holdings in Molson Coors Brewing by 23.4% in the second quarter. APG Asset Management N.V. now owns 65,300 shares of the company’s stock valued at $3,211,000 after buying an additional 12,400 shares in the last quarter. 77.77% of the stock is owned by institutional investors.

Shares of TAP traded up $0.94 during mid-day trading on Thursday, reaching $56.63. The stock had a trading volume of 25,652 shares, compared to its average volume of 1,851,851. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.59 and a quick ratio of 0.42. The firm has a market cap of $12.11 billion, a price-to-earnings ratio of 11.23, a P/E/G ratio of 2.34 and a beta of 0.75. The business’s fifty day moving average is $52.80 and its 200 day moving average is $54.02. Molson Coors Brewing Co has a 52-week low of $49.82 and a 52-week high of $67.24.

Molson Coors Brewing (NYSE:TAP) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.02. The business had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.87 billion. Molson Coors Brewing had a net margin of 1.19% and a return on equity of 6.86%. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.84 EPS. As a group, sell-side analysts anticipate that Molson Coors Brewing Co will post 4.3 EPS for the current fiscal year.

Several research firms have recently issued reports on TAP. Barclays lowered shares of Molson Coors Brewing from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $59.00 to $54.00 in a research note on Monday, November 25th. Zacks Investment Research upgraded Molson Coors Brewing from a “sell” rating to a “hold” rating and set a $55.00 price target for the company in a research report on Monday, November 4th. Citigroup set a $60.00 price objective on Molson Coors Brewing and gave the company a “buy” rating in a research note on Friday, November 1st. MKM Partners set a $63.00 price objective on Molson Coors Brewing and gave the company a “buy” rating in a report on Friday, November 1st. Finally, ValuEngine raised shares of Molson Coors Brewing from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $54.64.

About Molson Coors Brewing

Molson Coors Brewing Company manufactures, markets, and sells beer and other malt beverage products in the United States, Canada, Europe, and internationally. The company sells various products under the Blue Moon, Coors Banquet, Coors Light, Miller Genuine Draft, Miller Lite, Hamm's, Icehouse, Keystone, Mickey's, Miller64, Miller High Life, Milwaukee's Best, Olde English, Steel Reserve, Grolsch, Hop Valley, Leinenkugel's, Peroni Nastro Azurro, Pilsner Urquell, Revolver, Saint Archer, Sol, Terrapin, Crispin, Smith & Forge, Arnold Palmer Spiked, Henry's Hard, Redd's, and Steel Reserve Alloy Series brands.

Read More: Treasury Bonds

Want to see what other hedge funds are holding TAP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Molson Coors Brewing Co (NYSE:TAP).

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

Receive News & Ratings for Molson Coors Brewing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Molson Coors Brewing and related companies with MarketBeat.com's FREE daily email newsletter.