Molson Coors Brewing (TAP) Shares Declined While Fairpointe Capital LLC Increased Stake by $9.71 Million

Molson Coors Brewing Company (NYSE:TAP) Corporate LogoDuring Q4 2018 the big money sentiment decreased to 1.08. That’s change of 0.41, from 2018Q3’s 1.49. 49 investors sold all, 163 reduced holdings as TAP ratio is negative. 149 grew stakes while 80 funds took stakes. Funds hold 160.34 million shares thus 4.03% more from 2018Q3’s 154.13 million shares. Ubs Asset Mgmt Americas Incorporated owns 795,195 shs. Menta Limited Liability Corporation invested 0.18% in Molson Coors Brewing Company (NYSE:TAP). 14 are held by Nuwave Investment Mgmt Llc. Reilly Finance Ltd reported 420 shs. Riggs Asset Managment holds 100 shs or 0% of its capital. Charles Schwab Investment Mngmt owns 1.04M shs. 321,773 were accumulated by Rhumbline Advisers. Moreover, Srb has 0.05% invested in Molson Coors Brewing Company (NYSE:TAP) for 8,623 shs. First Citizens National Bank And Company owns 13,619 shs or 0.09% of their US capital. Bb&T Secs Limited Liability stated it has 0.02% in Molson Coors Brewing Company (NYSE:TAP). Boston Ltd Liability Co has 3,718 shs for 0.01% of their capital. Palouse Capital Mngmt Inc holds 87,232 shs or 1.94% of its capital. Mackay Shields Ltd Limited Liability Company reported 324,817 shs or 0.15% of all its holdings. California State Teachers Retirement Sys accumulated 299,710 shs. Savings Bank Of America De invested 0.01% in Molson Coors Brewing Company (NYSE:TAP).

TAP registered $336,217 net activity with 0 insider buys and 2 insider sales since November 1, 2018.

In 2018Q4 SEC filling is reported Fairpointe Capital Llc’s holdings in Molson Coors Brewing (TAP) which was increased by 11.78%. By buying 173,321 shares Fairpointe Capital Llc made the stock sank with 7.07%. The institutional investor is holding 1.64M shares, compared to the 1.47M from the previous quarter. And the announced value of the beverages (production and distribution) company is $92.35 million for the 2018Q4. $13.04 billion is the MC of Molson Coors Brewing. TAP reached $60.21 during the last trading session after $0.79 change.Currently Molson Coors Brewing Company is downtrending after 20.29% change in last April 18, 2018. TAP has 231,546 shares volume. The stock underperformed the S&P500 by 24.66%.

Fairpointe Capital Llc manages about $7.00B and $2.91 billion US Long portfolio. According to a filing the fund reduced its stake in New York Times (NYSE:NYT) by 756,060 shares to 3.71M shares, valued at $82.63 million in 2018Q4. Fairpointe Capital Llc has cut its stake in Gerdau S A Sponsored Adr (NYSE:GGB) and also reduced its holding in Borgwarner (NYSE:BWA) by 258,565 shares in the quarter, for a total of 522,441 shares.

For more Molson Coors Brewing Company (NYSE:TAP) news brought out recently go to: Benzinga.com, Profitconfidential.com, Seekingalpha.com, Globenewswire.com or Globenewswire.com. The titles are as follows: “Molson’s JV Partner Hexo Begins Trading On NYSE American (NYSE:TAP) – Benzinga” brought out on January 23, 2019, “Marijuana News Today: Pot Threatens Alcohol Sales, Marijuana Stock Market Falls – Profit Confidential” on March 22, 2019, “Molson Coors Seems Attractive At These Valuations – Seeking Alpha” with a publish date: December 31, 2018, “TAP APRIL 16 DEADLINE: Zhang Investor Law Reminds of Deadline in Securities Class Action Lawsuit Against Molson Coors Brewing Company – TAP – GlobeNewswire” and the last “Hagens Berman Reminds Molson Coors (TAP) Investors of April 16, 2019 Lead Plaintiff Deadline and Encourages Investors to Contact the Firm – GlobeNewswire” with publication date: April 03, 2019.

Molson Coors Brewing Company (NYSE:TAP) Ratings Coverage

A total of 5 analysts rate Molson Coors Brewing (NYSE:TAP) as follows: 4 “Buy”, 1 “Hold” and 0 “Sell”. Тherefore 80% are bullish. (NYSE:TAP) has 7 ratings reports on 18 Apr 2019 according to StockzIntelligence. On Thursday, November 1 the stock has “Buy” rating by Citigroup. The stock rating was maintained by BMO Capital Markets with “Outperform” on Wednesday, February 13. In Wednesday, March 20 report Citigroup maintained the stock with “Buy” rating. In Thursday, February 14 report Citigroup maintained it with “Buy” rating and $69 target. On Wednesday, February 13 the firm earned “Hold” rating by Deutsche Bank.

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

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