Charles Schwab Investment Management Inc. Has $82.46 Million Holdings in Molson Coors Beverage Company $TAP

Charles Schwab Investment Management Inc. grew its stake in Molson Coors Beverage Company (NYSE:TAP) by 0.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,714,591 shares of the company’s stock after acquiring an additional 9,659 shares during the period. Charles Schwab Investment Management Inc. owned 0.85% of Molson Coors Beverage worth $82,455,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Ameriprise Financial Inc. raised its position in Molson Coors Beverage by 414.3% in the 1st quarter. Ameriprise Financial Inc. now owns 1,987,132 shares of the company’s stock worth $120,960,000 after purchasing an additional 1,600,748 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Molson Coors Beverage in the 2nd quarter valued at $38,377,000. Dimensional Fund Advisors LP raised its position in shares of Molson Coors Beverage by 20.0% during the first quarter. Dimensional Fund Advisors LP now owns 4,503,879 shares of the company’s stock worth $274,144,000 after acquiring an additional 750,388 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of Molson Coors Beverage by 72.4% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,380,377 shares of the company’s stock valued at $84,024,000 after acquiring an additional 579,649 shares during the period. Finally, Deutsche Bank AG lifted its stake in shares of Molson Coors Beverage by 24.2% during the first quarter. Deutsche Bank AG now owns 2,797,189 shares of the company’s stock valued at $170,265,000 after acquiring an additional 544,353 shares during the period. 78.46% of the stock is owned by institutional investors.

Insider Transactions at Molson Coors Beverage

In related news, Director Andrew Thomas Molson bought 7,500 shares of the company’s stock in a transaction on Monday, November 10th. The shares were purchased at an average cost of $46.79 per share, for a total transaction of $350,925.00. Following the acquisition, the director owned 22,654 shares of the company’s stock, valued at approximately $1,059,980.66. This represents a 49.49% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director David S. Coors purchased 2,245 shares of the business’s stock in a transaction on Wednesday, November 5th. The stock was bought at an average cost of $44.47 per share, for a total transaction of $99,835.15. Following the purchase, the director owned 30,586 shares of the company’s stock, valued at approximately $1,360,159.42. This represents a 7.92% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 2.71% of the company’s stock.

Molson Coors Beverage Stock Down 0.1%

Shares of NYSE:TAP opened at $46.57 on Friday. The company has a 50 day moving average price of $45.72 and a two-hundred day moving average price of $48.93. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.67 and a current ratio of 0.95. The company has a market capitalization of $9.20 billion, a PE ratio of 9.18, a PEG ratio of 1.60 and a beta of 0.65. Molson Coors Beverage Company has a 52 week low of $42.94 and a 52 week high of $64.66.

Molson Coors Beverage (NYSE:TAP) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($0.05). Molson Coors Beverage had a net margin of 7.81% and a return on equity of 8.61%. The firm had revenue of $2.97 billion during the quarter, compared to analyst estimates of $3.02 billion. Molson Coors Beverage has set its FY 2025 guidance at 5.360-5.360 EPS. Analysts forecast that Molson Coors Beverage Company will post 6.35 earnings per share for the current year.

Molson Coors Beverage Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Friday, December 5th. Molson Coors Beverage’s dividend payout ratio is -17.60%.

Wall Street Analysts Forecast Growth

TAP has been the subject of several recent research reports. Wells Fargo & Company reissued an “equal weight” rating and set a $50.00 price objective (down from $53.00) on shares of Molson Coors Beverage in a report on Wednesday, November 19th. Roth Capital reiterated a “buy” rating and set a $65.00 price target (down previously from $67.00) on shares of Molson Coors Beverage in a research report on Wednesday, November 5th. Citigroup cut their price objective on shares of Molson Coors Beverage from $51.00 to $49.00 and set a “neutral” rating on the stock in a report on Thursday, October 9th. Sanford C. Bernstein lowered their target price on shares of Molson Coors Beverage from $54.00 to $50.00 and set a “market perform” rating for the company in a report on Wednesday, November 5th. Finally, Morgan Stanley cut their price target on Molson Coors Beverage from $58.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 6th. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $53.59.

Molson Coors Beverage Company Profile

Molson Coors Beverage Company manufactures, markets, and sells beer and other malt beverage products under various brands in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers flavored malt beverages including hard seltzers, craft, spirits and energy, and ready to drink beverages.