Alps Advisors Inc. Takes $428,000 Position in Molson Coors Brewing Company (TAP)

Alps Advisors Inc. acquired a new stake in Molson Coors Brewing Company (NYSE:TAP) in the third quarter, according to its most recent filing with the SEC. The fund acquired 5,245 shares of the company’s stock, valued at approximately $428,000.

A number of other institutional investors have also added to or reduced their stakes in TAP. Creative Planning grew its position in shares of Molson Coors Brewing by 14.2% during the 2nd quarter. Creative Planning now owns 4,674 shares of the company’s stock valued at $404,000 after purchasing an additional 581 shares in the last quarter. Louisiana State Employees Retirement System grew its position in shares of Molson Coors Brewing by 1.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 11,500 shares of the company’s stock valued at $993,000 after purchasing an additional 200 shares in the last quarter. Aperio Group LLC grew its position in shares of Molson Coors Brewing by 4.1% during the 2nd quarter. Aperio Group LLC now owns 75,516 shares of the company’s stock valued at $6,520,000 after purchasing an additional 3,001 shares in the last quarter. US Bancorp DE grew its position in shares of Molson Coors Brewing by 0.8% during the 2nd quarter. US Bancorp DE now owns 24,693 shares of the company’s stock valued at $2,132,000 after purchasing an additional 192 shares in the last quarter. Finally, Hermes Investment Management Ltd. purchased a new position in shares of Molson Coors Brewing during the 2nd quarter valued at $611,000. Institutional investors and hedge funds own 76.51% of the company’s stock.

Shares of Molson Coors Brewing Company (TAP) opened at $79.32 on Wednesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.69 and a quick ratio of 0.54. The firm has a market cap of $17,059.68, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 2.32 and a beta of 0.86. Molson Coors Brewing Company has a one year low of $78.10 and a one year high of $102.14.

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

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

TAP has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of Molson Coors Brewing from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Cowen and Company restated a “hold” rating and set a $96.00 price target on shares of Molson Coors Brewing in a research report on Thursday, September 28th. BidaskClub upgraded shares of Molson Coors Brewing from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. UBS AG restated a “neutral” rating and set a $98.00 price target (up from $96.00) on shares of Molson Coors Brewing in a research report on Wednesday, August 9th. Finally, Susquehanna Bancshares Inc reaffirmed a “buy” rating on shares of Molson Coors Brewing in a report on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price 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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