Empire Life Investments Inc. boosted its holdings in shares of Molson Coors Brewing Co (NYSE:TAP) by 16.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 680,231 shares of the company’s stock after purchasing an additional 98,533 shares during the period. Molson Coors Brewing comprises 4.3% of Empire Life Investments Inc.’s portfolio, making the stock its 2nd biggest holding. Empire Life Investments Inc. owned about 0.32% of Molson Coors Brewing worth $55,827,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Dupont Capital Management Corp acquired a new position in shares of Molson Coors Brewing in the 3rd quarter valued at $103,000. Cerebellum GP LLC bought a new position in Molson Coors Brewing in the 4th quarter valued at approximately $129,000. Valeo Financial Advisors LLC raised its stake in shares of Molson Coors Brewing by 58.2% during the fourth quarter. Valeo Financial Advisors LLC now owns 1,864 shares of the company’s stock valued at $153,000 after acquiring an additional 686 shares during the last quarter. Advisor Group Inc. increased its position in shares of Molson Coors Brewing by 48.9% during the third quarter. Advisor Group Inc. now owns 2,598 shares of the company’s stock worth $213,000 after buying an additional 853 shares during the period. Finally, Tower Research Capital LLC TRC grew its holdings in Molson Coors Brewing by 1,126.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,624 shares of the company’s stock worth $216,000 after purchasing an additional 2,410 shares during the period. Institutional investors own 77.09% of the company’s stock.
In other news, Chairman Peter H. Coors sold 55,603 shares of the stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $85.01, for a total value of $4,726,811.03. Following the transaction, the chairman now owns 319,222 shares in the company, valued at approximately $27,137,062.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.76% of the stock is owned by corporate insiders.
Shares of Molson Coors Brewing Co (NYSE TAP) opened at $81.09 on Monday. Molson Coors Brewing Co has a 1 year low of $72.71 and a 1 year high of $99.65. The company has a market cap of $17,479.44, a PE ratio of 12.61, a P/E/G ratio of 1.81 and a beta of 0.86. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.47 and a current ratio of 0.64.
Molson Coors Brewing (NYSE:TAP) last announced its quarterly earnings results on Wednesday, February 14th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.06. The firm had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.60 billion. Molson Coors Brewing had a net margin of 10.34% and a return on equity of 7.55%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.47 EPS. equities analysts predict that Molson Coors Brewing Co will post 5.16 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Monday, March 5th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend is Friday, March 2nd. Molson Coors Brewing’s dividend payout ratio (DPR) is presently 25.51%.
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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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