Landscape Capital Management L.L.C. Makes New $320,000 Investment in Molson Coors Beverage Company $TAP

Key Points

• Landscape Capital Management L.L.C. purchased 5,254 shares of Molson Coors Beverage Company, valued at approximately $320,000, in the first quarter.
• Several institutional investors, including Ameriprise Financial Inc., have significantly increased their stakes in the company, with Ameriprise raising its position by 414.3% during the same period.
• Molson Coors Beverage recently announced a quarterly dividend of $0.47, translating to an annual yield of 3.7%, with the ex-dividend date set for September 5th.

Landscape Capital Management L.L.C. purchased a new position in shares of Molson Coors Beverage Company (NYSE:TAP - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 5,254 shares of the company's stock, valued at approximately $320,000.

Several other large investors also recently modified their holdings of the company. Golden State Wealth Management LLC raised its position in shares of Molson Coors Beverage by 230.2% in the 1st quarter. Golden State Wealth Management LLC now owns 416 shares of the company's stock worth $25,000 after acquiring an additional 290 shares in the last quarter. Millstone Evans Group LLC increased its holdings in Molson Coors Beverage by 151.8% in the first quarter. Millstone Evans Group LLC now owns 423 shares of the company's stock worth $26,000 after purchasing an additional 255 shares in the last quarter. Elequin Capital LP acquired a new stake in shares of Molson Coors Beverage during the 1st quarter worth approximately $30,000. Financial Management Professionals Inc. lifted its position in shares of Molson Coors Beverage by 3,286.7% during the 1st quarter. Financial Management Professionals Inc. now owns 508 shares of the company's stock valued at $31,000 after acquiring an additional 493 shares during the period. Finally, Eastern Bank bought a new position in Molson Coors Beverage during the first quarter worth $33,000. 78.46% of the stock is currently owned by institutional investors and hedge funds.

Molson Coors Beverage Stock Performance

Molson Coors Beverage stock traded up $0.46 during mid-day trading on Friday, reaching $50.37. 1,787,916 shares of the company's stock were exchanged, compared to its average volume of 2,069,381. The firm has a market capitalization of $10.18 billion, a PE ratio of 9.93, a P/E/G ratio of 1.82 and a beta of 0.69. 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 business's fifty day simple moving average is $50.23 and its 200 day simple moving average is $54.51. Molson Coors Beverage Company has a one year low of $46.94 and a one year high of $64.66.

Molson Coors Beverage (NYSE:TAP - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.22. The firm had revenue of $3.20 billion for the quarter, compared to analysts' expectations 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 revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.92 earnings per share. Molson Coors Beverage has set its FY 2025 guidance at 5.360-5.540 EPS. On average, sell-side analysts expect that Molson Coors Beverage Company will post 6.35 earnings per share for the current year.

Molson Coors Beverage Announces Dividend

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

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Wall Street Zen downgraded Molson Coors Beverage from a "buy" rating to a "hold" rating in a research note on Saturday, May 17th. Needham & Company LLC cut their target price on Molson Coors Beverage from $65.00 to $58.00 and set a "buy" rating on the stock in a report on Wednesday, August 6th. Evercore ISI decreased their price target on shares of Molson Coors Beverage from $58.00 to $53.00 and set an "outperform" rating for the company in a research note on Wednesday, August 6th. UBS Group lowered their price objective on shares of Molson Coors Beverage from $53.00 to $52.00 and set a "neutral" rating on the stock in a report on Wednesday, August 6th. Finally, Wells Fargo & Company dropped their price objective on shares of Molson Coors Beverage from $65.00 to $58.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 25th. Six investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat.com, Molson Coors Beverage 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.