EntryPoint Capital LLC Makes New Investment in Molson Coors Beverage Company $TAP

Key Points

• EntryPoint Capital LLC has purchased a new stake in Molson Coors Beverage Company, acquiring 4,886 shares valued at approximately $297,000 in the first quarter.
• Wall Street analysts show mixed sentiment towards Molson Coors, with multiple brokerages downgrading their price targets and assigning a consensus rating of "Hold."
• The company recently announced a quarterly dividend of $0.47 per share, representing a 3.6% annual yield, with payments scheduled for September 19th.

EntryPoint Capital LLC bought a new position in shares of Molson Coors Beverage Company (NYSE:TAP - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm bought 4,886 shares of the company's stock, valued at approximately $297,000.

A number of other hedge funds have also made changes to their positions in the company. DoubleLine ETF Adviser LP increased its position in shares of Molson Coors Beverage by 1.7% during the 4th quarter. DoubleLine ETF Adviser LP now owns 10,297 shares of the company's stock worth $590,000 after purchasing an additional 170 shares in the last quarter. Twin Capital Management Inc. increased 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 acquiring an additional 180 shares in the last quarter. ProShare Advisors LLC increased its position in 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 acquiring an additional 206 shares in the last quarter. Callan Family Office LLC increased its position in Molson Coors Beverage by 5.0% in the 1st quarter. Callan Family Office LLC now owns 4,426 shares of the company's stock valued at $269,000 after acquiring an additional 209 shares in the last quarter. Finally, Forum Financial Management LP increased its position in Molson Coors Beverage by 4.4% in the 4th quarter. Forum Financial Management LP now owns 5,210 shares of the company's stock valued at $299,000 after acquiring an additional 220 shares in the last quarter. Institutional investors and hedge funds own 78.46% of the company's stock.

Molson Coors Beverage Trading Up 1.9%

Molson Coors Beverage stock traded up $0.95 during midday trading on Wednesday, hitting $51.28. 907,940 shares of the stock were exchanged, compared to its average volume of 2,449,928. The company has a fifty day simple moving average of $49.85 and a two-hundred day simple moving average of $54.87. Molson Coors Beverage Company has a 52 week low of $46.94 and a 52 week high of $64.66. The stock has a market capitalization of $10.37 billion, a PE ratio of 10.10, a P/E/G ratio of 1.88 and a beta of 0.67. The company has a quick ratio of 0.67, a current ratio of 0.95 and a debt-to-equity ratio of 0.46.

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 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 business had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.12 billion. During the same quarter last year, the firm earned $1.92 EPS. Molson Coors Beverage'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 anticipate that Molson Coors Beverage Company will post 6.35 EPS for the current fiscal year.

Molson Coors Beverage Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, September 5th will be issued 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 37.08%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Barclays lowered their price objective on shares of Molson Coors Beverage from $53.00 to $49.00 and set an "equal weight" rating for the company in a research report on Thursday, August 7th. The Goldman Sachs Group lowered their price objective on shares of Molson Coors Beverage from $77.00 to $67.00 and set a "buy" rating for the company in a research report on Wednesday, August 6th. Needham & Company LLC lowered their price objective on shares of Molson Coors Beverage from $65.00 to $58.00 and set a "buy" rating for the company in a research report on Wednesday, August 6th. Bank of America cut shares of Molson Coors Beverage from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $65.00 to $50.00 in a research report on Friday, June 27th. Finally, Roth Capital set a $71.00 target price on shares of Molson Coors Beverage and gave the company a "buy" rating in a research note on Tuesday, May 20th. Six equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Molson Coors Beverage has a consensus rating of "Hold" and an average target price of $58.12.

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.