Jane Street Group LLC lifted its holdings in Molson Coors Brewing Co (NYSE:TAP) by 60.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,166 shares of the company’s stock after acquiring an additional 12,442 shares during the period. Jane Street Group LLC’s holdings in Molson Coors Brewing were worth $2,722,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also bought and sold shares of TAP. Alps Advisors Inc. bought a new position in shares of Molson Coors Brewing in the 3rd quarter worth about $428,000. New York State Common Retirement Fund increased its position in Molson Coors Brewing by 5.7% in the 3rd quarter. New York State Common Retirement Fund now owns 399,300 shares of the company’s stock valued at $32,599,000 after buying an additional 21,700 shares in the last quarter. Advisor Group Inc. increased its position in Molson Coors Brewing by 48.9% in the 3rd quarter. Advisor Group Inc. now owns 2,598 shares of the company’s stock valued at $213,000 after buying an additional 853 shares in the last quarter. Russell Investments Group Ltd. increased its position in Molson Coors Brewing by 9.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 317,189 shares of the company’s stock valued at $25,895,000 after buying an additional 28,332 shares in the last quarter. Finally, Commonwealth Equity Services Inc increased its position in Molson Coors Brewing by 14.3% in the 3rd quarter. Commonwealth Equity Services Inc now owns 11,632 shares of the company’s stock valued at $949,000 after buying an additional 1,457 shares in the last quarter. 77.08% of the stock is owned by hedge funds and other institutional investors.
In other news, Chairman Peter H. Coors sold 55,603 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $85.01, for a total value 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 through this link. 2.76% of the stock is owned by insiders.
TAP stock opened at $76.88 on Wednesday. The stock has a market capitalization of $17,130.24, a PE ratio of 18.14, a price-to-earnings-growth ratio of 1.77 and a beta of 0.86. 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 12 month low of $72.71 and a 12 month high of $99.65.
Molson Coors Brewing (NYSE:TAP) last released its quarterly earnings results on Wednesday, February 14th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.06. Molson Coors Brewing had a return on equity of 7.55% and a net margin of 10.34%. The business had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter in the previous year, the business earned $0.47 EPS. The company’s quarterly revenue was up 4.5% on a year-over-year basis. equities research analysts expect that Molson Coors Brewing Co will post 5.16 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Monday, March 5th were paid a $0.41 dividend. The ex-dividend date of this dividend was Friday, March 2nd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.13%. Molson Coors Brewing’s payout ratio is presently 25.51%.
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Molson Coors Brewing Company 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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