Schwab Charles Investment Management Inc. Has $61.67 Million Stake in Molson Coors Brewing Company (TAP)

Schwab Charles Investment Management Inc. raised its holdings in shares of Molson Coors Brewing Company (NYSE:TAP) by 31.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 755,411 shares of the company’s stock after acquiring an additional 181,441 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.35% of Molson Coors Brewing worth $61,672,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Dupont Capital Management Corp bought a new stake in shares of Molson Coors Brewing during the 3rd quarter valued at $103,000. Bessemer Group Inc. raised its position in shares of Molson Coors Brewing by 12.8% during the 2nd quarter. Bessemer Group Inc. now owns 1,230 shares of the company’s stock valued at $106,000 after purchasing an additional 140 shares during the period. Krilogy Financial LLC raised its position in shares of Molson Coors Brewing by 4,646.4% during the 2nd quarter. Krilogy Financial LLC now owns 1,329 shares of the company’s stock valued at $115,000 after purchasing an additional 1,301 shares during the period. Sun Life Financial INC raised its position in shares of Molson Coors Brewing by 14,900.0% during the 2nd quarter. Sun Life Financial INC now owns 1,350 shares of the company’s stock valued at $117,000 after purchasing an additional 1,341 shares during the period. Finally, Penserra Capital Management LLC raised its position in shares of Molson Coors Brewing by 30.4% during the 2nd quarter. Penserra Capital Management LLC now owns 1,560 shares of the company’s stock valued at $134,000 after purchasing an additional 364 shares during the period. Institutional investors and hedge funds own 78.00% of the company’s stock.

Shares of Molson Coors Brewing Company (TAP) traded up $1.11 during midday trading on Monday, reaching $79.21. 1,485,800 shares of the company’s stock were exchanged, compared to its average volume of 1,602,647. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.54 and a current ratio of 0.69. The company has a market cap 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 one year low of $76.25 and a one year high of $102.14.

Molson Coors Brewing (NYSE:TAP) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $1.34 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.34. The company had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.97 billion. Molson Coors Brewing had a net margin of 17.04% and a return on equity of 7.54%. Molson Coors Brewing’s revenue for the quarter was up 204.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.03 EPS. equities analysts anticipate that Molson Coors Brewing Company will post 4.34 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be issued a $0.41 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.64 dividend on an annualized basis and a yield of 2.07%. Molson Coors Brewing’s dividend payout ratio is currently 15.83%.

Several analysts have recently commented on the stock. Susquehanna Bancshares set a $118.00 price objective on shares of Molson Coors Brewing and gave the company a “buy” rating in a research report on Tuesday, August 29th. Citigroup decreased their price objective on shares of Molson Coors Brewing from $106.00 to $102.00 and set a “buy” rating on the stock in a research report on Friday, November 3rd. Zacks Investment Research downgraded shares of Molson Coors Brewing from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Credit Suisse Group set a $92.00 price objective on shares of Molson Coors Brewing and gave the company a “hold” rating in a research report on Friday, September 29th. Finally, Berenberg Bank assumed coverage on shares of Molson Coors Brewing in a research report on Wednesday, September 13th. They set a “sell” rating and a $78.00 price objective on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $98.92.

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Molson Coors Brewing Profile

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.

Institutional Ownership by Quarter for Molson Coors Brewing (NYSE:TAP)

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