Chevy Chase Trust Holdings Inc. increased its position in shares of Molson Coors Brewing Company (NYSE:TAP) by 1.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 162,797 shares of the company’s stock after acquiring an additional 1,999 shares during the period. Chevy Chase Trust Holdings Inc. owned about 0.08% of Molson Coors Brewing worth $13,291,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Baker Ellis Asset Management LLC boosted its position in shares of Molson Coors Brewing by 4.9% during the 3rd quarter. Baker Ellis Asset Management LLC now owns 35,086 shares of the company’s stock worth $2,864,000 after acquiring an additional 1,650 shares in the last quarter. State of New Jersey Common Pension Fund D acquired a new stake in shares of Molson Coors Brewing during the 3rd quarter worth approximately $24,492,000. Strs Ohio boosted its position in shares of Molson Coors Brewing by 6.4% during the 3rd quarter. Strs Ohio now owns 605,977 shares of the company’s stock worth $49,471,000 after acquiring an additional 36,604 shares in the last quarter. Toronto Dominion Bank boosted its position in shares of Molson Coors Brewing by 16.1% during the 3rd quarter. Toronto Dominion Bank now owns 72,691 shares of the company’s stock worth $5,934,000 after acquiring an additional 10,087 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Molson Coors Brewing by 26.3% during the 2nd quarter. Wells Fargo & Company MN now owns 2,581,382 shares of the company’s stock worth $222,877,000 after acquiring an additional 537,767 shares in the last quarter. Institutional investors and hedge funds own 78.00% of the company’s stock.

TAP has been the topic of several analyst reports. Citigroup reduced their price target 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. Susquehanna Bancshares reiterated a “buy” rating on shares of Molson Coors Brewing in a research report on Wednesday, October 11th. Berenberg Bank started 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 target on the stock. Zacks Investment Research downgraded shares of Molson Coors Brewing from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Finally, BidaskClub raised shares of Molson Coors Brewing from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $98.92.

In other news, CFO Tracey Joubert sold 1,000 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $79.15, for a total transaction of $79,150.00. Following the completion of the transaction, the chief financial officer now owns 22,839 shares of the company’s stock, valued at $1,807,706.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.76% of the stock is currently owned by company insiders.

Shares of Molson Coors Brewing Company (NYSE:TAP) traded down $0.64 during trading hours on Wednesday, reaching $80.15. 952,800 shares of the company traded hands, compared to its average volume of 1,588,785. The company has a market cap of $17,402.17, a P/E ratio of 19.15, a price-to-earnings-growth ratio of 2.37 and a beta of 0.83. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.54 and a current ratio of 0.69. Molson Coors Brewing Company has a fifty-two week low of $76.25 and a fifty-two week high of $102.14.

Molson Coors Brewing (NYSE:TAP) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $1.34 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.34. The business had revenue of $2.88 billion during 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%. The firm’s revenue was up 204.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.03 EPS. equities analysts predict that Molson Coors Brewing Company will post 4.34 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Wednesday, November 29th. Molson Coors Brewing’s payout ratio is currently 15.83%.

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About Molson Coors Brewing

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.

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

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