Five Consumer Non-Durables Stocks That Hedge Funds Love

#1 Molson Coors Brewing Company (NYSE:TAP)

– Hedge Funds with Long Positions (as of September 30): 70

– Aggregate Value of Hedge Funds’ Holdings (as of September 30): $3.07 billion

Finally, the over 20% jump that its stock had in September has helped Molson Coors Brewing Company (NYSE:TAP) to emerge as the winner in this list. Though only 4 additional funds reported owning a stake in it during the third quarter, the aggregate value of funds’ holding in the company increased by over 45% during the same period. Shares of the company are currently trading very near to the lifetime high they made last month and most analysts on the Street expect this bull run to continue.

Due to the $107 billion Anheuser-Busch InBev NV and SABMiller Plc merger announced in November, Molson Coors Brewing Company (NYSE:TAP) was able to buy the rest 58% stake in the MillerCoors joint venture from SABMiller Plc for $12 billion. SABMiller Plc agreed to sell its stake in the joint venture due to fears that it might create regulatory hurdles in its merger with Anheuser-Busch InBev NV. Molson Coors Brewing Company (NYSE:TAP) currently boasts of a respectable annual dividend yield of 1.84% and experts believe that the company will be able to continue paying quarterly dividends to its shareholders despite the heavy toll the MillerCoors joint venture deal will put on its balance sheet.

Analysts forecast that the company will report EPS of $0.55 on revenue of $850 million for the fourth quarter next month. For the same quarter last year, Molson Coors had reported EPS of $0.55 on revenue of $973.80 million. Billionaire Dan Loeb‘s Third Point more than doubled its stake in the company to over 2.2 million shares during the third quarter.

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