Fuller & Thaler Asset Management Inc. Raises Stake in Molson Coors Beverage Company $TAP

Key Points

• Fuller & Thaler Asset Management Inc. increased its stake in Molson Coors Beverage Company by 69.8%, owning 22,625 shares valued at $1,377,000 after acquiring an additional 9,300 shares.
• Molson Coors Beverage reported $2.05 EPS for its last quarter, exceeding the consensus estimate of $1.83, and had revenues of $3.20 billion, surpassing expectations.
• The company declared a quarterly dividend of $0.47 per share, translating to an annual yield of 3.7%, with a dividend payout ratio of 37.08%.

Fuller & Thaler Asset Management Inc. lifted its position in Molson Coors Beverage Company (NYSE:TAP - Free Report) by 69.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,625 shares of the company's stock after buying an additional 9,300 shares during the quarter. Fuller & Thaler Asset Management Inc.'s holdings in Molson Coors Beverage were worth $1,377,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Mariner LLC grew its position in Molson Coors Beverage by 22.3% during the fourth quarter. Mariner LLC now owns 33,449 shares of the company's stock worth $1,917,000 after buying an additional 6,095 shares in the last quarter. Jump Financial LLC raised its holdings in shares of Molson Coors Beverage by 55.0% in the 4th quarter. Jump Financial LLC now owns 7,958 shares of the company's stock valued at $456,000 after acquiring an additional 2,824 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Molson Coors Beverage by 31.4% during the 4th quarter. NewEdge Advisors LLC now owns 9,786 shares of the company's stock valued at $561,000 after acquiring an additional 2,340 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Molson Coors Beverage by 12.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,753,491 shares of the company's stock worth $215,146,000 after purchasing an additional 422,515 shares in the last quarter. Finally, Norinchukin Bank The grew its holdings in shares of Molson Coors Beverage by 8.2% during the fourth quarter. Norinchukin Bank The now owns 7,762 shares of the company's stock worth $445,000 after purchasing an additional 588 shares in the last quarter. Hedge funds and other institutional investors own 78.46% of the company's stock.

Molson Coors Beverage Stock Performance

NYSE TAP opened at $51.2980 on Thursday. The company has a 50-day simple moving average of $49.74 and a two-hundred day simple moving average of $54.92. Molson Coors Beverage Company has a 12-month low of $46.94 and a 12-month high of $64.66. The firm has a market cap of $10.37 billion, a price-to-earnings ratio of 10.12, a PEG 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 EPS for the quarter, topping the consensus estimate of $1.83 by $0.22. The firm had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.12 billion. Molson Coors Beverage had a return on equity of 8.61% and a net margin of 7.81%.The company's quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.92 earnings per share. Molson Coors Beverage has set its FY 2025 guidance at 5.360-5.540 EPS. On average, equities analysts forecast that Molson Coors Beverage Company will post 6.35 EPS for the current year.

Molson Coors Beverage Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. UBS Group cut their price target on shares of Molson Coors Beverage from $53.00 to $52.00 and set a "neutral" rating for the company in a research note on Wednesday, August 6th. Barclays cut their target price 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. Roth Capital set a $71.00 target price on Molson Coors Beverage and gave the company a "buy" rating in a research note on Tuesday, May 20th. Wall Street Zen downgraded Molson Coors Beverage from a "buy" rating to a "hold" rating in a research report on Saturday, May 17th. Finally, Morgan Stanley cut their price objective on Molson Coors Beverage from $58.00 to $53.00 and set an "equal weight" rating for the company in a report on Wednesday, August 6th. Six research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price 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.

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