As Molson Coors Brewing Co (TAP) Stock Price Declined, Independent Franchise Partners Llp Has Boosted Its Position

June 15, 2018 - By Migdalia James

Molson Coors Brewing Company (NYSE:TAP) LogoInvestors sentiment increased to 1.39 in 2018 Q1. Its up 0.28, from 1.11 in 2017Q4. It improved, as 52 investors sold TAP shares while 119 reduced holdings. 75 funds opened positions while 163 raised stakes. 156.05 million shares or 1.86% less from 159.01 million shares in 2017Q4 were reported. Meeder Asset Mgmt has 0.03% invested in Molson Coors Brewing Company (NYSE:TAP) for 4,439 shares. Paragon Capital Management Limited holds 0.29% or 8,783 shares in its portfolio. Diamond Hill Cap reported 4.36 million shares. Gradient Invs Limited Liability Com holds 0.43% or 105,699 shares in its portfolio. Los Angeles Capital Management Equity Research has invested 0.01% in Molson Coors Brewing Company (NYSE:TAP). Moreover, Goldman Sachs Group has 0.06% invested in Molson Coors Brewing Company (NYSE:TAP) for 3.34 million shares. Retirement Of Alabama holds 0.03% in Molson Coors Brewing Company (NYSE:TAP) or 88,331 shares. Verition Fund Mngmt Ltd Liability Com reported 7,874 shares or 0.04% of all its holdings. Moreover, Parkside Bank & Trust And has 0% invested in Molson Coors Brewing Company (NYSE:TAP). Timber Creek Cap Ltd Limited Liability Company has 0% invested in Molson Coors Brewing Company (NYSE:TAP) for 10 shares. Shell Asset Management Com owns 15,377 shares. Gemmer Asset Management Lc owns 100 shares or 0% of their US portfolio. Employees Retirement Systems Of Texas accumulated 9,000 shares or 0.01% of the stock. Ledyard Financial Bank owns 1,355 shares. Coastline Trust invested in 5,275 shares or 0.06% of the stock.

Since January 16, 2018, it had 0 insider buys, and 4 insider sales for $5.05 million activity. Shares for $16,378 were sold by Cox Simon. $126,800 worth of Molson Coors Brewing Company (NYSE:TAP) was sold by Hunter Mark. 2,595 shares were sold by Anand Krishnan, worth $184,861 on Tuesday, May 1.

Independent Franchise Partners Llp increased its stake in Molson Coors Brewing Co (TAP) by 20.81% based on its latest 2018Q1 regulatory filing with the SEC. Independent Franchise Partners Llp bought 1.81 million shares as the company’s stock declined 21.17% with the market. The institutional investor held 10.52M shares of the beverages (production and distribution) company at the end of 2018Q1, valued at $792.47 million, up from 8.71M at the end of the previous reported quarter. Independent Franchise Partners Llp who had been investing in Molson Coors Brewing Co for a number of months, seems to be bullish on the $14.66B market cap company. The stock increased 1.78% or $1.19 during the last trading session, reaching $67.91. About 1.63M shares traded. Molson Coors Brewing Company (NYSE:TAP) has declined 35.10% since June 15, 2017 and is downtrending. It has underperformed by 47.67% the S&P500.

Independent Franchise Partners Llp, which manages about $13.30B and $11.26B US Long portfolio, decreased its stake in Oracle Corp (NYSE:ORCL) by 937,218 shares to 16.71M shares, valued at $764.43 million in 2018Q1, according to the filing. It also reduced its holding in Apple Inc (NASDAQ:AAPL) by 92,133 shares in the quarter, leaving it with 3.61 million shares, and cut its stake in Abbott Labs (NYSE:ABT).

More important recent Molson Coors Brewing Company (NYSE:TAP) news were published by: Benzinga.com which released: “Molson Coors Says Q1 Challenges Won’t Kill The Growth On Tap For 2018” on June 07, 2018, also Seekingalpha.com published article titled: “No One Taps Better Than Molson Coors”, Seekingalpha.com published: “Stifel cools on Molson Coors” on May 17, 2018. More interesting news about Molson Coors Brewing Company (NYSE:TAP) was released by: Seekingalpha.com and their article: “Why Invest In Companies That Partner With Sports Leagues?” with publication date: June 03, 2018.

Molson Coors Brewing Company (NYSE:TAP) Ratings Coverage

Among 11 analysts covering Molson Coors (NYSE:TAP), 6 have Buy rating, 0 Sell and 5 Hold. Therefore 55% are positive. Molson Coors had 20 analyst reports since December 22, 2017 according to SRatingsIntel. The stock of Molson Coors Brewing Company (NYSE:TAP) earned “Outperform” rating by BMO Capital Markets on Thursday, May 3. The rating was downgraded by Stifel Nicolaus on Thursday, May 17 to “Hold”. Stifel Nicolaus maintained the shares of TAP in report on Wednesday, April 18 with “Buy” rating. On Thursday, April 5 the stock rating was maintained by Citigroup with “Buy”. The company was upgraded on Monday, February 12 by Credit Suisse. The firm has “Hold” rating by Berenberg given on Thursday, February 8. The company was maintained on Friday, May 4 by Citigroup. The rating was initiated by BMO Capital Markets on Monday, February 5 with “Buy”. As per Friday, May 4, the company rating was maintained by Morgan Stanley. Deutsche Bank maintained the stock with “Buy” rating in Thursday, May 3 report.

Molson Coors Brewing Company (NYSE:TAP) Institutional Positions Chart

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