AlphaQuest LLC Makes New $376,000 Investment in Molson Coors Beverage Company $TAP

Key Points

• AlphaQuest LLC acquired 6,180 shares of Molson Coors Beverage Company, valued at approximately $376,000, during the first quarter.
• Molson Coors reported a quarterly EPS of $2.05, exceeding estimates, but saw a revenue decline of 1.6% year-over-year.
• The company announced a quarterly dividend of $0.47, with a yield of 3.7%, highlighting its commitment to returning value to shareholders.

AlphaQuest LLC purchased a new stake in shares of Molson Coors Beverage Company (NYSE:TAP - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 6,180 shares of the company's stock, valued at approximately $376,000.

A number of other hedge funds have also bought and sold shares of the stock. DoubleLine ETF Adviser LP increased its stake in Molson Coors Beverage by 1.7% during the 4th quarter. DoubleLine ETF Adviser LP now owns 10,297 shares of the company's stock valued at $590,000 after purchasing an additional 170 shares in the last quarter. Twin Capital Management Inc. increased its holdings in shares of Molson Coors Beverage by 0.7% during 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 in the last quarter. ProShare Advisors LLC lifted its stake in shares of Molson Coors Beverage by 0.4% in the 4th quarter. ProShare Advisors LLC now owns 49,000 shares of the company's stock valued at $2,809,000 after purchasing an additional 206 shares during the period. Callan Family Office LLC boosted its holdings 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 buying an additional 209 shares in the last quarter. Finally, Forum Financial Management LP grew 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 valued at $299,000 after buying an additional 220 shares during the period. Institutional investors and hedge funds own 78.46% of the company's stock.

Analyst Upgrades and Downgrades

TAP has been the topic of a number of recent analyst reports. Wall Street Zen downgraded Molson Coors Beverage from a "buy" rating to a "hold" rating in a research report on Saturday, May 17th. Sanford C. Bernstein dropped their price target 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. Piper Sandler cut their price target on shares of Molson Coors Beverage from $58.00 to $53.00 and set a "neutral" rating for the company in a report on Monday, June 23rd. Needham & Company LLC decreased their price objective on shares of Molson Coors Beverage from $65.00 to $58.00 and set a "buy" rating on the stock in a report on Wednesday, August 6th. Finally, Evercore ISI decreased their price objective on shares of Molson Coors Beverage from $58.00 to $53.00 and set an "outperform" rating on the stock in a report on Wednesday, August 6th. Six analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $58.12.

Molson Coors Beverage Price Performance

Shares of NYSE TAP traded up $0.23 during mid-day trading on Friday, reaching $50.45. The company's stock had a trading volume of 1,714,557 shares, compared to its average volume of 2,642,138. The stock has a 50-day moving average of $49.98 and a two-hundred day moving average of $54.81. The stock has a market capitalization of $10.20 billion, a P/E ratio of 9.95, a P/E/G ratio of 1.84 and a beta of 0.67. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.67 and a current ratio of 0.95. Molson Coors Beverage Company has a 1-year low of $46.94 and a 1-year high of $64.66.

Molson Coors Beverage (NYSE:TAP - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $3.20 billion during the quarter, compared to analysts' expectations of $3.12 billion. During the same period last year, the business earned $1.92 earnings per share. Molson Coors Beverage's 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. On average, equities research analysts anticipate that Molson Coors Beverage Company will post 6.35 EPS for the current fiscal year.

Molson Coors Beverage Announces Dividend

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

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.