Molson Coors Brewing Company (NYSE:TAP) CFO Tracey Joubert sold 1,000 shares of Molson Coors Brewing stock in a transaction on Friday, December 1st. The stock was sold at an average price of $79.15, for a total value of $79,150.00. Following the sale, the chief financial officer now owns 22,839 shares of the company’s stock, valued at $1,807,706.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Molson Coors Brewing Company (TAP) traded down $0.19 during mid-day trading on Tuesday, hitting $80.32. The company had a trading volume of 1,248,827 shares, compared to its average volume of 1,601,068. 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 company has a market capitalization of $17,061.83, a P/E ratio of 18.77, a P/E/G ratio of 2.32 and a beta of 0.83. Molson Coors Brewing Company has a 12-month low of $76.25 and a 12-month 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 for the quarter, meeting the consensus estimate of $1.34. Molson Coors Brewing had a return on equity of 7.54% and a net margin of 17.04%. The firm had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.97 billion. During the same period in the previous year, the company posted $1.03 earnings per share. The firm’s quarterly revenue was up 204.3% on a year-over-year basis. analysts predict that Molson Coors Brewing Company will post 4.34 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be paid a $0.41 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $1.64 annualized dividend and a yield of 2.04%. Molson Coors Brewing’s dividend payout ratio (DPR) is presently 15.83%.

A number of institutional investors and hedge funds have recently bought and sold shares of TAP. Maverick Capital Ltd. purchased a new position in Molson Coors Brewing in the second quarter valued at about $438,738,000. JPMorgan Chase & Co. grew its stake in Molson Coors Brewing by 33.2% in the second quarter. JPMorgan Chase & Co. now owns 16,058,334 shares of the company’s stock valued at $1,386,476,000 after purchasing an additional 4,001,480 shares during the last quarter. Lazard Asset Management LLC grew its stake in Molson Coors Brewing by 33.0% in the second quarter. Lazard Asset Management LLC now owns 10,538,919 shares of the company’s stock valued at $909,928,000 after purchasing an additional 2,616,561 shares during the last quarter. Epoch Investment Partners Inc. grew its stake in Molson Coors Brewing by 852.1% in the third quarter. Epoch Investment Partners Inc. now owns 2,428,882 shares of the company’s stock valued at $198,294,000 after purchasing an additional 2,173,761 shares during the last quarter. Finally, TD Asset Management Inc. grew its stake in Molson Coors Brewing by 1,749.8% in the third quarter. TD Asset Management Inc. now owns 1,262,242 shares of the company’s stock valued at $103,049,000 after purchasing an additional 1,194,006 shares during the last quarter. Institutional investors own 78.00% of the company’s stock.

TAP has been the subject of several recent research reports. Zacks Investment Research downgraded Molson Coors Brewing from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 8th. UBS restated a “neutral” rating and issued a $98.00 price objective (up from $96.00) on shares of Molson Coors Brewing in a report on Wednesday, August 9th. BidaskClub upgraded Molson Coors Brewing from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Susquehanna Bancshares set a $118.00 price objective on Molson Coors Brewing and gave the company a “buy” rating in a report on Tuesday, August 29th. Finally, Berenberg Bank initiated coverage on Molson Coors Brewing in a report on Wednesday, September 13th. They issued a “sell” rating and a $78.00 price objective for the company. One equities 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. Molson Coors Brewing has a consensus rating of “Hold” and a consensus target price of $98.92.

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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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