Dimensional Fund Advisors LP Boosts Holdings in Molson Coors Beverage Company $TAP

Key Points

• Dimensional Fund Advisors LP increased its holdings in Molson Coors Beverage Company by 20%, now owning approximately 4.5 million shares valued at $274 million.
• The stock price of Molson Coors Beverage Company opened at $51.42, with a market cap of $10.4 billion and a P/E ratio of 10.14.
• Molson Coors recently announced a quarterly dividend of $0.47, representing a yield of 3.7% and indicating a payout ratio of 37.08%.

Dimensional Fund Advisors LP boosted its stake in Molson Coors Beverage Company (NYSE:TAP - Free Report) by 20.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,503,879 shares of the company's stock after purchasing an additional 750,388 shares during the quarter. Dimensional Fund Advisors LP owned about 2.22% of Molson Coors Beverage worth $274,144,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Fairfax Financial Holdings Ltd. Can purchased a new stake in shares of Molson Coors Beverage during the 4th quarter valued at about $68,010,000. KBC Group NV raised its position in shares of Molson Coors Beverage by 269.1% during the 1st quarter. KBC Group NV now owns 1,237,539 shares of the company's stock valued at $75,329,000 after buying an additional 902,296 shares in the last quarter. Estuary Capital Management LP purchased a new stake in shares of Molson Coors Beverage during the 4th quarter valued at about $39,052,000. Bank of New York Mellon Corp grew its holdings in Molson Coors Beverage by 16.8% during 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 purchasing an additional 595,203 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in Molson Coors Beverage by 24.2% during the 1st quarter. Deutsche Bank AG now owns 2,797,189 shares of the company's stock valued at $170,265,000 after purchasing an additional 544,353 shares during the last quarter. Hedge funds and other institutional investors own 78.46% of the company's stock.

Molson Coors Beverage Trading Up 0.7%

TAP stock traded up $0.3750 during mid-day trading on Tuesday, reaching $51.4950. The company had a trading volume of 1,942,624 shares, compared to its average volume of 2,839,222. 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 firm has a 50 day moving average of $49.75 and a 200 day moving average of $54.94. Molson Coors Beverage Company has a 12 month low of $46.94 and a 12 month high of $64.66. The company has a market capitalization of $10.41 billion, a PE ratio of 10.16, a price-to-earnings-growth ratio of 1.86 and a beta of 0.67.

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, 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 firm 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 firm earned $1.92 earnings per share. The company's quarterly revenue 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 analysts predict that Molson Coors Beverage Company will post 6.35 earnings per share for the current fiscal year.

Molson Coors Beverage Dividend Announcement

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

Insider Activity

In other news, Director Geoffrey E. Molson sold 1,333 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $56.29, for a total transaction of $75,034.57. Following the transaction, the director directly owned 27,595 shares in the company, valued at approximately $1,553,322.55. This trade represents a 4.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TAP. 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 report on Wednesday, August 6th. Barclays cut their price target on shares of Molson Coors Beverage from $53.00 to $49.00 and set an "equal weight" rating on the stock in a report on Thursday, August 7th. Needham & Company LLC cut their price target 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. The Goldman Sachs Group cut their price target on shares of Molson Coors Beverage from $77.00 to $67.00 and set a "buy" rating on the stock in a report on Wednesday, August 6th. Finally, JPMorgan Chase & Co. cut their price target 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. Six equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $58.12.

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.