Blue Rock Advisors LLC Purchases New Stake in Molson Coors Brewing Company (TAP)

Blue Rock Advisors LLC purchased a new stake in shares of Molson Coors Brewing Company (NYSE:TAP) during the first quarter, according to its most recent filing with the SEC. The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $957,000. Molson Coors Brewing Company makes up about 4.4% of Blue Rock Advisors LLC’s holdings, making the stock its 11th largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Intellectus Partners LLC bought a new position in Molson Coors Brewing Company during the fourth quarter valued at $104,000. Amica Retiree Medical Trust purchased a new stake in Molson Coors Brewing Company during the first quarter valued at about $105,000. Penserra Capital Management LLC raised its stake in Molson Coors Brewing Company by 9.5% in the first quarter. Penserra Capital Management LLC now owns 1,196 shares of the company’s stock valued at $114,000 after buying an additional 104 shares in the last quarter. Advisory Services Network LLC purchased a new stake in Molson Coors Brewing Company during the first quarter valued at about $130,000. Finally, Lloyds Banking Group plc purchased a new stake in Molson Coors Brewing Company during the first quarter valued at about $154,000. 76.34% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Molson Coors Brewing Company (TAP) traded up 0.13% during trading on Tuesday, hitting $86.69. 808,747 shares of the stock were exchanged. The stock’s 50 day moving average price is $92.64 and its 200 day moving average price is $96.05. Molson Coors Brewing Company has a 52 week low of $85.91 and a 52 week high of $112.19. The firm has a market capitalization of $18.66 billion, a price-to-earnings ratio of 9.31 and a beta of 0.92.

Molson Coors Brewing Company (NYSE:TAP) last announced its quarterly earnings data on Wednesday, May 3rd. The company reported $0.76 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.31 by $0.55. Molson Coors Brewing Company had a net margin of 23.53% and a return on equity of 6.73%. The business had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same period last year, the company posted $0.54 EPS. Molson Coors Brewing Company’s revenue for the quarter was up 278.7% on a year-over-year basis. On average, equities analysts predict that Molson Coors Brewing Company will post $6.49 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st were given a dividend of $0.41 per share. The ex-dividend date was Friday, May 26th. This represents a $1.64 annualized dividend and a yield of 1.89%. Molson Coors Brewing Company’s payout ratio is currently 17.60%.

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Several research firms recently issued reports on TAP. Susquehanna Bancshares Inc set a $114.00 price target on shares of Molson Coors Brewing Company and gave the stock a “buy” rating in a research report on Saturday, June 3rd. J P Morgan Chase & Co began coverage on shares of Molson Coors Brewing Company in a research report on Tuesday, March 21st. They set a “neutral” rating and a $105.00 price target on the stock. Vetr upgraded shares of Molson Coors Brewing Company from a “buy” rating to a “strong-buy” rating and set a $103.20 target price on the stock in a research report on Wednesday, May 3rd. Cowen and Company lowered shares of Molson Coors Brewing Company from an “outperform” rating to a “market perform” rating and cut their target price for the company from $120.00 to $105.00 in a research report on Thursday, April 20th. Finally, Zacks Investment Research upgraded shares of Molson Coors Brewing Company from a “strong sell” rating to a “hold” rating in a research report on Monday, February 20th. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $114.29.

About Molson Coors Brewing Company

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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