Duality Advisers LP Takes $1.39 Million Position in Molson Coors Brewing Co (NYSE:TAP)

Duality Advisers LP purchased a new position in shares of Molson Coors Brewing Co (NYSE:TAP) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 40,388 shares of the company’s stock, valued at approximately $1,388,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Trustcore Financial Services LLC lifted its position in Molson Coors Brewing by 75.0% during the 1st quarter. Trustcore Financial Services LLC now owns 700 shares of the company’s stock worth $27,000 after acquiring an additional 300 shares in the last quarter. Valeo Financial Advisors LLC lifted its position in shares of Molson Coors Brewing by 60.9% during the second quarter. Valeo Financial Advisors LLC now owns 787 shares of the company’s stock worth $27,000 after purchasing an additional 298 shares in the last quarter. Advisory Alpha LLC lifted its position in shares of Molson Coors Brewing by 1,233.3% during the first quarter. Advisory Alpha LLC now owns 800 shares of the company’s stock worth $33,000 after purchasing an additional 740 shares in the last quarter. CWM LLC grew its holdings in Molson Coors Brewing by 39.4% during the 1st quarter. CWM LLC now owns 881 shares of the company’s stock valued at $34,000 after purchasing an additional 249 shares in the last quarter. Finally, Carroll Financial Associates Inc. increased its stake in Molson Coors Brewing by 221.4% during the 1st quarter. Carroll Financial Associates Inc. now owns 1,067 shares of the company’s stock worth $41,000 after buying an additional 735 shares during the period. Hedge funds and other institutional investors own 79.76% of the company’s stock.

NYSE:TAP opened at $37.52 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.42 and a debt-to-equity ratio of 0.61. The stock has a 50 day moving average of $36.22 and a 200-day moving average of $43.56. The firm has a market capitalization of $8.13 billion, a PE ratio of -50.03, a price-to-earnings-growth ratio of 2.23 and a beta of 0.84. Molson Coors Brewing Co has a 52 week low of $33.18 and a 52 week high of $61.94.

Molson Coors Brewing (NYSE:TAP) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.55 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.87. The firm had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.40 billion. Molson Coors Brewing had a positive return on equity of 7.18% and a negative net margin of 1.33%. The firm’s revenue was down 15.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.52 EPS. As a group, analysts predict that Molson Coors Brewing Co will post 2.81 EPS for the current fiscal year.

TAP has been the subject of several recent analyst reports. Barclays restated a “hold” rating and set a $40.00 target price on shares of Molson Coors Brewing in a research note on Sunday, July 19th. MKM Partners lowered their price objective on Molson Coors Brewing from $63.00 to $59.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Morgan Stanley cut their target price on Molson Coors Brewing from $45.00 to $41.00 and set an “equal weight” rating on the stock in a research report on Monday, July 13th. UBS Group decreased their price target on shares of Molson Coors Brewing from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Monday, May 4th. Finally, Industrial Alliance Securities cut shares of Molson Coors Brewing from a “buy” rating to a “hold” rating in a report on Wednesday, May 13th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $47.53.

About Molson Coors Brewing

Molson Coors Brewing Company manufactures, markets, and sells beer and other malt beverage products in the United States, Canada, Europe, and internationally. The company sells various products under the Blue Moon, Coors Banquet, Coors Light, Miller Genuine Draft, Miller Lite, Hamm's, Icehouse, Keystone, Mickey's, Miller64, Miller High Life, Milwaukee's Best, Olde English, Steel Reserve, Grolsch, Hop Valley, Leinenkugel's, Peroni Nastro Azurro, Pilsner Urquell, Revolver, Saint Archer, Sol, Terrapin, Crispin, Smith & Forge, Arnold Palmer Spiked, Henry's Hard, Redd's, and Steel Reserve Alloy Series brands.

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

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