IFM Investors Pty Ltd Has $2.06 Million Stock Holdings in Molson Coors Beverage Company $TAP

Key Points

• IFM Investors Pty Ltd increased its holdings in Molson Coors Beverage Company by 32.5%, reaching a total value of $2.06 million after acquiring additional shares during the second quarter.
• The company's stock is currently rated as a "Hold"** with a consensus target price of **$58.18**, while analyst ratings vary from "Buy" to "Sell."
• Molson Coors reported a quarterly earnings per share of $2.05, exceeding the consensus estimate and showing a 7.81% net margin, though revenue decreased by 1.6% year-over-year.

IFM Investors Pty Ltd lifted its position in Molson Coors Beverage Company (NYSE:TAP - Free Report) by 32.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,898 shares of the company's stock after acquiring an additional 10,519 shares during the period. IFM Investors Pty Ltd's holdings in Molson Coors Beverage were worth $2,063,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Twin Capital Management Inc. raised its position in shares of 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 during the period. Geneos Wealth Management Inc. raised its position in shares of Molson Coors Beverage by 32.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 800 shares of the company's stock valued at $49,000 after acquiring an additional 198 shares during the period. Callan Family Office LLC raised its position in shares of 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 during the period. Forum Financial Management LP raised its position in shares of 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 during the period. Finally, Millstone Evans Group LLC raised its position in shares of Molson Coors Beverage by 151.8% in the 1st quarter. Millstone Evans Group LLC now owns 423 shares of the company's stock valued at $26,000 after acquiring an additional 255 shares during the period. 78.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on TAP shares. Barclays restated an "underweight" rating and set a $50.00 target price (up from $49.00) on shares of Molson Coors Beverage in a report on Friday, September 12th. Evercore ISI dropped their target price 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. JPMorgan Chase & Co. dropped their target price 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. The Goldman Sachs Group dropped their target price 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, Piper Sandler dropped their target price on shares of Molson Coors Beverage from $58.00 to $53.00 and set a "neutral" rating on the stock in a report on Monday, June 23rd. Six investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $58.18.

Molson Coors Beverage Price Performance

Shares of Molson Coors Beverage stock opened at $45.15 on Tuesday. Molson Coors Beverage Company has a twelve month low of $45.08 and a twelve month high of $64.66. The company has a quick ratio of 0.67, a current ratio of 0.95 and a debt-to-equity ratio of 0.46. The company has a 50-day simple moving average of $49.91 and a two-hundred day simple moving average of $53.43. The stock has a market capitalization of $8.93 billion, a price-to-earnings ratio of 8.91, a price-to-earnings-growth ratio of 1.70 and a beta of 0.69.

Molson Coors Beverage (NYSE:TAP - Get Free Report) last issued 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 during the quarter, compared to analysts' expectations of $3.12 billion. During the same quarter in the previous year, the company earned $1.92 EPS. The business's 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. Analysts forecast that Molson Coors Beverage Company will post 6.35 EPS for the current year.

Molson Coors Beverage Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, September 5th were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Friday, September 5th. Molson Coors Beverage's payout ratio is 37.08%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.