Molson Coors Brewing Company (NYSE:TAP) CEO Gavin Hattersley sold 17,215 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $91.90, for a total transaction of $1,582,058.50. Following the sale, the chief executive officer now directly owns 99,217 shares of the company’s stock, valued at $9,118,042.30. The sale was disclosed in a document filed with the SEC, which is available through this link.

Shares of Molson Coors Brewing Company (TAP) traded down 0.73% during mid-day trading on Monday, reaching $89.85. The company had a trading volume of 1,288,831 shares. The stock’s 50-day moving average price is $87.31 and its 200 day moving average price is $93.80. The company has a market capitalization of $1.81 billion, a PE ratio of 8.98 and a beta of 0.91. Molson Coors Brewing Company has a 1-year low of $85.34 and a 1-year high of $112.19.

Molson Coors Brewing (NYSE:TAP) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $1.66 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.04 by $0.38. Molson Coors Brewing had a return on equity of 7.41% and a net margin of 19.78%. The firm had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter in the previous year, the firm posted $1.11 earnings per share. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. Equities analysts expect that Molson Coors Brewing Company will post $4.32 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Tuesday, August 29th. Molson Coors Brewing ‘s payout ratio is 16.38%.

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A number of research firms recently weighed in on TAP. UBS AG reissued a “neutral” rating and issued a $100.00 target price (down from $108.00) on shares of Molson Coors Brewing in a report on Friday, May 5th. Credit Suisse Group set a $96.00 target price on shares of Molson Coors Brewing and gave the company a “hold” rating in a report on Thursday. Susquehanna Bancshares Inc set a $114.00 target price on shares of Molson Coors Brewing and gave the company a “buy” rating in a report on Saturday, June 3rd. Cowen and Company raised their target price on shares of Molson Coors Brewing from $96.00 to $100.00 and gave the company a “market perform” rating in a report on Friday, June 9th. Finally, Vetr raised shares of Molson Coors Brewing from a “buy” rating to a “strong-buy” rating and set a $103.20 target price for the company in a report on Wednesday, May 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $111.60.

Hedge funds have recently modified their holdings of the company. Shell Asset Management Co. boosted its stake in shares of Molson Coors Brewing by 0.3% in the second quarter. Shell Asset Management Co. now owns 13,852 shares of the company’s stock valued at $1,196,000 after buying an additional 37 shares during the last quarter. Neuberger Berman Group LLC boosted its stake in shares of Molson Coors Brewing by 0.7% in the first quarter. Neuberger Berman Group LLC now owns 6,607 shares of the company’s stock valued at $632,000 after buying an additional 44 shares during the last quarter. Whittier Trust Co. boosted its stake in shares of Molson Coors Brewing by 0.9% in the first quarter. Whittier Trust Co. now owns 5,321 shares of the company’s stock valued at $509,000 after buying an additional 46 shares during the last quarter. ING Groep NV boosted its stake in shares of Molson Coors Brewing by 0.6% in the second quarter. ING Groep NV now owns 9,465 shares of the company’s stock valued at $817,000 after buying an additional 52 shares during the last quarter. Finally, Boston Advisors LLC boosted its stake in shares of Molson Coors Brewing by 1.4% in the second quarter. Boston Advisors LLC now owns 3,933 shares of the company’s stock valued at $340,000 after buying an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 79.50% of the company’s stock.

About Molson Coors Brewing

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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