Capital Investment Advisors LLC Has $557,000 Position in Molson Coors Beverage Company $TAP

Capital Investment Advisors LLC lowered its holdings in Molson Coors Beverage Company (NYSE:TAP) by 17.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,573 shares of the company’s stock after selling 2,444 shares during the quarter. Capital Investment Advisors LLC’s holdings in Molson Coors Beverage were worth $557,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Twin Capital Management Inc. grew its position in Molson Coors Beverage by 0.7% in the 1st quarter. Twin Capital Management Inc. now owns 24,791 shares of the company’s stock valued at $1,509,000 after purchasing an additional 180 shares during the period. Geneos Wealth Management Inc. boosted its holdings in Molson Coors Beverage by 32.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 800 shares of the company’s stock worth $49,000 after acquiring an additional 198 shares during the last quarter. Signet Financial Management LLC boosted its holdings in Molson Coors Beverage by 3.7% during the 2nd quarter. Signet Financial Management LLC now owns 5,757 shares of the company’s stock worth $277,000 after acquiring an additional 208 shares during the last quarter. Callan Family Office LLC boosted its holdings in Molson Coors Beverage by 5.0% during the 1st quarter. Callan Family Office LLC now owns 4,426 shares of the company’s stock worth $269,000 after acquiring an additional 209 shares during the last quarter. Finally, Millstone Evans Group LLC boosted its holdings in Molson Coors Beverage by 151.8% during the 1st quarter. Millstone Evans Group LLC now owns 423 shares of the company’s stock worth $26,000 after acquiring an additional 255 shares during the last quarter. Institutional investors and hedge funds own 78.46% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Piper Sandler cut their price objective on shares of Molson Coors Beverage from $53.00 to $52.00 and set a “neutral” rating on the stock in a report on Tuesday. Sanford C. Bernstein cut their price objective on shares of Molson Coors Beverage from $65.00 to $55.00 and set a “market perform” rating on the stock in a report on Wednesday, July 9th. Jefferies Financial Group cut their price objective on shares of Molson Coors Beverage from $52.00 to $50.00 and set a “hold” rating on the stock in a report on Tuesday. Barclays reaffirmed an “underweight” rating and set a $50.00 price objective (up from $49.00) on shares of Molson Coors Beverage in a report on Friday, September 12th. Finally, The Goldman Sachs Group cut their price objective on shares of Molson Coors Beverage from $67.00 to $57.00 and set a “buy” rating on the stock in a report on Thursday. Six research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Molson Coors Beverage has an average rating of “Hold” and a consensus target price of $56.88.

Molson Coors Beverage Trading Up 0.2%

NYSE TAP opened at $46.13 on Friday. The stock has a market capitalization of $9.12 billion, a price-to-earnings ratio of 9.10, a PEG ratio of 1.68 and a beta of 0.63. Molson Coors Beverage Company has a one year low of $43.80 and a one year high of $64.66. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.95 and a quick ratio of 0.67. The business’s fifty day moving average is $49.07 and its 200-day moving average is $52.70.

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

Molson Coors Beverage Announces Dividend

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

About Molson Coors Beverage

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.