Molson Coors Beverage Company $TAP Shares Purchased by V Square Quantitative Management LLC

V Square Quantitative Management LLC increased its position in shares of Molson Coors Beverage Company (NYSE:TAP) by 11.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,389 shares of the company’s stock after acquiring an additional 568 shares during the quarter. V Square Quantitative Management LLC’s holdings in Molson Coors Beverage were worth $259,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. LSV Asset Management raised its holdings in Molson Coors Beverage by 1.4% in the 1st quarter. LSV Asset Management now owns 6,369,498 shares of the company’s stock valued at $387,711,000 after buying an additional 86,601 shares during the period. Clarkston Capital Partners LLC raised its holdings in Molson Coors Beverage by 0.7% in the 1st quarter. Clarkston Capital Partners LLC now owns 4,553,212 shares of the company’s stock valued at $277,154,000 after buying an additional 33,535 shares during the period. Dimensional Fund Advisors LP raised its holdings in Molson Coors Beverage by 20.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,503,879 shares of the company’s stock valued at $274,144,000 after buying an additional 750,388 shares during the period. Bank of New York Mellon Corp raised its holdings in Molson Coors Beverage by 16.8% in the 1st quarter. Bank of New York Mellon Corp now owns 4,130,807 shares of the company’s stock valued at $251,442,000 after buying an additional 595,203 shares during the period. Finally, Deutsche Bank AG raised its holdings in Molson Coors Beverage by 24.2% in the 1st quarter. Deutsche Bank AG now owns 2,797,189 shares of the company’s stock valued at $170,265,000 after buying an additional 544,353 shares during the period. 78.46% of the stock is currently owned by hedge funds and other institutional investors.

Molson Coors Beverage Stock Performance

Shares of Molson Coors Beverage stock opened at $46.07 on Thursday. Molson Coors Beverage Company has a one year low of $43.80 and a one year high of $64.66. The company has a market cap of $9.11 billion, a PE ratio of 9.09, a P/E/G ratio of 1.65 and a beta of 0.63. 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 business has a 50-day simple moving average of $49.17 and a 200-day simple moving average of $52.80.

Molson Coors Beverage (NYSE:TAP) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.22. Molson Coors Beverage had a return on equity of 8.61% and a net margin of 7.81%.The business had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.12 billion. During the same period in the previous year, the company posted $1.92 earnings per share. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. Molson Coors Beverage has set its FY 2025 guidance at 5.360-5.540 EPS. On average, equities research analysts forecast that Molson Coors Beverage Company will post 6.35 EPS for the current fiscal year.

Molson Coors Beverage Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, September 5th were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Friday, September 5th. Molson Coors Beverage’s dividend payout ratio is 37.08%.

Analysts Set New Price Targets

Several brokerages recently issued reports on TAP. JPMorgan Chase & Co. reduced their price objective on shares of Molson Coors Beverage from $62.00 to $53.00 and set a “neutral” rating on the stock in a report on Thursday, July 31st. Wells Fargo & Company cut their price target on shares of Molson Coors Beverage from $58.00 to $55.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. Evercore ISI cut their price target on shares of Molson Coors Beverage from $58.00 to $53.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 6th. Morgan Stanley cut their price target on shares of 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. Finally, Bank of America lowered shares of Molson Coors Beverage from a “buy” rating to a “neutral” rating and cut their price target for the stock from $65.00 to $50.00 in a research note on Friday, June 27th. Six equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $57.46.

Molson Coors Beverage 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.