45,350 Shares in Molson Coors Beverage Company $TAP Purchased by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP has acquired 45,350 shares of Molson Coors Beverage Company (NYSE:TAP) worth approximately $2.76 million, indicating growing interest from institutional investors.
• Molson Coors reported a quarterly earnings per share (EPS) of $2.05, surpassing analysts' expectations of $1.83, though the revenue showed a slight decline of 1.6% year-over-year.
• The company announced a quarterly dividend of $0.47 per share, representing an annualized yield of 3.7%, with a payout ratio currently at 37.08%.

Quantbot Technologies LP purchased a new position in shares of Molson Coors Beverage Company (NYSE:TAP - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 45,350 shares of the company's stock, valued at approximately $2,760,000.

A number of other hedge funds have also bought and sold shares of the business. DoubleLine ETF Adviser LP increased its position in Molson Coors Beverage by 1.7% during the fourth quarter. DoubleLine ETF Adviser LP now owns 10,297 shares of the company's stock worth $590,000 after acquiring an additional 170 shares during the period. Twin Capital Management Inc. increased its position in Molson Coors Beverage by 0.7% during the first quarter. Twin Capital Management Inc. now owns 24,791 shares of the company's stock worth $1,509,000 after acquiring an additional 180 shares during the period. ProShare Advisors LLC increased its position in Molson Coors Beverage by 0.4% during the fourth quarter. ProShare Advisors LLC now owns 49,000 shares of the company's stock worth $2,809,000 after acquiring an additional 206 shares during the period. Callan Family Office LLC increased its position in Molson Coors Beverage by 5.0% during the first 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 period. Finally, Forum Financial Management LP increased its position in Molson Coors Beverage by 4.4% during the fourth quarter. Forum Financial Management LP now owns 5,210 shares of the company's stock worth $299,000 after acquiring an additional 220 shares during the period. 78.46% of the stock is owned by institutional investors.

Molson Coors Beverage Trading Down 0.5%

TAP opened at $51.2980 on Thursday. The company's 50 day moving average is $49.74 and its 200-day moving average is $54.92. Molson Coors Beverage Company has a 1-year low of $46.94 and a 1-year high of $64.66. The company has a current ratio of 0.95, a quick ratio of 0.67 and a debt-to-equity ratio of 0.46. The company has a market cap of $10.37 billion, a P/E ratio of 10.12, a PEG ratio of 1.88 and a beta of 0.67.

Molson Coors Beverage (NYSE:TAP - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $2.05 earnings per share for the quarter, beating analysts' consensus estimates of $1.83 by $0.22. Molson Coors Beverage had a net margin of 7.81% and a return on equity of 8.61%. The company had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.12 billion. During the same period last year, the company posted $1.92 EPS. The firm's quarterly revenue was down 1.6% compared to the same quarter last year. 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 earnings per share for the current fiscal year.

Molson Coors Beverage Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, September 5th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Friday, September 5th. Molson Coors Beverage's dividend payout ratio (DPR) is presently 37.08%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on TAP shares. 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 research note on Thursday, July 31st. Roth Capital set a $71.00 price objective on shares of Molson Coors Beverage and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Wells Fargo & Company reduced their price objective on shares of Molson Coors Beverage from $65.00 to $58.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 25th. Sanford C. Bernstein reduced 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 research note on Wednesday, July 9th. Finally, Piper Sandler reduced their price objective on shares of Molson Coors Beverage from $58.00 to $53.00 and set a "neutral" rating on the stock in a research note on Monday, June 23rd. Six equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $58.12.

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.

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