Molson Coors Brewing Company (TAP) Position Lifted by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. increased its position in shares of Molson Coors Brewing Company (NYSE:TAP) by 852.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,428,882 shares of the company’s stock after acquiring an additional 2,173,761 shares during the quarter. Epoch Investment Partners Inc. owned about 1.13% of Molson Coors Brewing worth $198,294,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dupont Capital Management Corp bought a new position in shares of Molson Coors Brewing during the 3rd quarter worth approximately $103,000. Bessemer Group Inc. raised its stake in shares of Molson Coors Brewing by 12.8% during the 2nd quarter. Bessemer Group Inc. now owns 1,230 shares of the company’s stock worth $106,000 after acquiring an additional 140 shares in the last quarter. Krilogy Financial LLC raised its stake in shares of Molson Coors Brewing by 4,646.4% during the 2nd quarter. Krilogy Financial LLC now owns 1,329 shares of the company’s stock worth $115,000 after acquiring an additional 1,301 shares in the last quarter. Sun Life Financial INC raised its stake in shares of Molson Coors Brewing by 14,900.0% during the 2nd quarter. Sun Life Financial INC now owns 1,350 shares of the company’s stock worth $117,000 after acquiring an additional 1,341 shares in the last quarter. Finally, Penserra Capital Management LLC raised its stake in shares of Molson Coors Brewing by 30.4% during the 2nd quarter. Penserra Capital Management LLC now owns 1,560 shares of the company’s stock worth $134,000 after acquiring an additional 364 shares in the last quarter. Hedge funds and other institutional investors own 78.00% of the company’s stock.

Shares of Molson Coors Brewing Company (TAP) traded up $1.11 during trading on Monday, reaching $79.21. 1,485,800 shares of the company’s stock were exchanged, compared to its average volume of 1,602,647. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.69 and a quick ratio of 0.54. Molson Coors Brewing Company has a twelve month low of $76.25 and a twelve month high of $102.14. The firm has a market cap of $17,061.83, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 2.32 and a beta of 0.83.

Molson Coors Brewing (NYSE:TAP) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $1.34 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.34. Molson Coors Brewing had a net margin of 17.04% and a return on equity of 7.54%. The business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.97 billion. During the same quarter in the prior year, the business posted $1.03 EPS. Molson Coors Brewing’s revenue for the quarter was up 204.3% compared to the same quarter last year. equities research analysts anticipate that Molson Coors Brewing Company will post 4.34 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be paid a dividend of $0.41 per share. The ex-dividend date is Wednesday, November 29th. This represents a $1.64 dividend on an annualized basis and a yield of 2.07%. Molson Coors Brewing’s payout ratio is 15.83%.

Several research analysts recently commented on TAP shares. Susquehanna Bancshares set a $118.00 price objective on shares of Molson Coors Brewing and gave the stock a “buy” rating in a research note on Tuesday, August 29th. Citigroup reduced their price objective on shares of Molson Coors Brewing from $106.00 to $102.00 and set a “buy” rating for the company in a research note on Friday, November 3rd. Zacks Investment Research upgraded shares of Molson Coors Brewing from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Credit Suisse Group set a $92.00 price objective on shares of Molson Coors Brewing and gave the stock a “hold” rating in a research note on Friday, September 29th. Finally, Cowen reiterated a “hold” rating and set a $96.00 price objective on shares of Molson Coors Brewing in a research note on Thursday, September 28th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $98.92.

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Molson Coors Brewing 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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