Molson Coors Brewing Co (TAP) Position Reduced by LS Investment Advisors LLC

LS Investment Advisors LLC decreased its position in shares of Molson Coors Brewing Co (NYSE:TAP) by 14.2% during the 4th quarter, HoldingsChannel reports. The firm owned 10,457 shares of the company’s stock after selling 1,731 shares during the quarter. LS Investment Advisors LLC’s holdings in Molson Coors Brewing were worth $587,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Northern Capital Management LLC raised its stake in Molson Coors Brewing by 3.4% during the 4th quarter. Northern Capital Management LLC now owns 16,670 shares of the company’s stock valued at $936,000 after purchasing an additional 550 shares during the period. Chartwell Investment Partners LLC raised its stake in Molson Coors Brewing by 55.6% during the 4th quarter. Chartwell Investment Partners LLC now owns 299,480 shares of the company’s stock valued at $16,819,000 after purchasing an additional 107,065 shares during the period. State Board of Administration of Florida Retirement System raised its stake in Molson Coors Brewing by 2.3% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 231,215 shares of the company’s stock valued at $12,985,000 after purchasing an additional 5,147 shares during the period. Naples Global Advisors LLC raised its stake in Molson Coors Brewing by 7.6% during the 4th quarter. Naples Global Advisors LLC now owns 21,167 shares of the company’s stock valued at $1,331,000 after purchasing an additional 1,491 shares during the period. Finally, KBC Group NV raised its stake in Molson Coors Brewing by 1.6% during the 4th quarter. KBC Group NV now owns 71,327 shares of the company’s stock valued at $4,006,000 after purchasing an additional 1,114 shares during the period. 80.41% of the stock is currently owned by hedge funds and other institutional investors.

TAP has been the topic of several recent analyst reports. Standpoint Research initiated coverage on shares of Molson Coors Brewing in a research note on Tuesday, October 23rd. They set a “buy” rating and a $72.00 target price on the stock. UBS Group assumed coverage on shares of Molson Coors Brewing in a research note on Thursday, December 13th. They set a “buy” rating and a $80.00 target price on the stock. Citigroup lowered their price target on shares of Molson Coors Brewing from $78.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, November 1st. ValuEngine upgraded shares of Molson Coors Brewing from a “strong sell” rating to a “sell” rating in a report on Thursday, November 1st. Finally, Zacks Investment Research restated a “hold” rating on shares of Molson Coors Brewing in a report on Friday, November 16th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $75.27.

In related news, insider Krishnan Anand sold 2,595 shares of the company’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $64.75, for a total value of $168,026.25. Following the completion of the sale, the insider now directly owns 49,946 shares in the company, valued at $3,234,003.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.55% of the company’s stock.

Molson Coors Brewing stock opened at $64.94 on Monday. The firm has a market cap of $14.01 billion, a PE ratio of 14.53, a P/E/G ratio of 2.93 and a beta of 0.84. Molson Coors Brewing Co has a 12 month low of $54.17 and a 12 month high of $82.29. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.49 and a current ratio of 0.64.

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Molson Coors Brewing Profile

Molson Coors Brewing Company manufactures and sells beer and other beverage products in the United States, Canada, Europe, and internationally. It sells various products under the Coors Light, Miller Lite, Coors Banquet, the Blue Moon Brewing Company brands, the Jacob Leinenkugel Brewing Company brands, Keystone, Icehouse, Mickey's, Miller 64, Miller Genuine Draft, Miller High Life, Milwaukee's Best, Hamm's, Olde English 800, Steel Reserve, Crispin, Smith & Forge, Redd's, the Henry's Hard Soda, and Steel Reserve Alloy Series brands.

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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)

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