Liontrust Investment Partners LLP Sells 9,529 Shares of Molson Coors Beverage Company $TAP

Key Points

• Liontrust Investment Partners LLP reduced its holdings in Molson Coors Beverage Company (NYSE:TAP) by 45.1%, selling 9,529 shares to own a total of 11,589 shares worth approximately $705,000 after the sale.
• Several institutional investors increased their positions in Molson Coors, with Raymond James Financial Inc. investing about $27.66 million in a new position during the fourth quarter.
• Molson Coors Beverage recently declared a quarterly dividend of $0.47 per share, which translates to an annual yield of 3.7% based on current share prices.

Liontrust Investment Partners LLP lessened its holdings in Molson Coors Beverage Company (NYSE:TAP - Free Report) by 45.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,589 shares of the company's stock after selling 9,529 shares during the quarter. Liontrust Investment Partners LLP's holdings in Molson Coors Beverage were worth $705,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TAP. Fairfax Financial Holdings Ltd. Can bought a new position in Molson Coors Beverage in the 4th quarter valued at approximately $68,010,000. KBC Group NV raised its holdings in Molson Coors Beverage by 269.1% in 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 during the last quarter. Dimensional Fund Advisors LP raised its holdings in Molson Coors Beverage by 20.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,503,879 shares of the company's stock valued at $274,144,000 after buying an additional 750,388 shares during the last quarter. Estuary Capital Management LP bought a new position in Molson Coors Beverage in the 4th quarter valued at approximately $39,052,000. Finally, Bank of New York Mellon Corp raised 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 worth $251,442,000 after purchasing an additional 595,203 shares during the last quarter. Institutional investors own 78.46% of the company's stock.

Insider Transactions at Molson Coors Beverage

In related news, Director Geoffrey E. Molson sold 1,333 shares of Molson Coors Beverage stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $56.29, for a total value of $75,034.57. Following the completion of the sale, the director owned 27,595 shares of the company's stock, valued at approximately $1,553,322.55. This trade represents a 4.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.71% of the company's stock.

Molson Coors Beverage Stock Up 0.7%

NYSE TAP traded up $0.3750 during mid-day trading on Tuesday, hitting $51.4950. The company's stock had a trading volume of 1,942,624 shares, compared to its average volume of 2,471,245. The company's 50 day simple moving average is $49.77 and its 200 day simple moving average is $54.97. Molson Coors Beverage Company has a twelve month low of $46.94 and a twelve month high of $64.66. The company has a current ratio of 0.95, a quick ratio of 0.67 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $10.41 billion, a price-to-earnings ratio of 10.16, a PEG ratio of 1.87 and a beta of 0.67.

Molson Coors Beverage (NYSE:TAP - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $2.05 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $3.12 billion. During the same quarter last year, the firm posted $1.92 EPS. Molson Coors Beverage's 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. Analysts anticipate 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 declared a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, September 5th will be given a $0.47 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $1.88 annualized dividend and a yield of 3.7%. Molson Coors Beverage's dividend payout ratio (DPR) is presently 37.08%.

Analysts Set New Price Targets

Several research analysts have issued reports on TAP shares. Piper Sandler lowered their price target on shares of Molson Coors Beverage from $58.00 to $53.00 and set a "neutral" rating for the company in a report on Monday, June 23rd. JPMorgan Chase & Co. lowered their price target on shares of Molson Coors Beverage from $62.00 to $53.00 and set a "neutral" rating for the company in a report on Thursday, July 31st. Barclays lowered their price target on shares of Molson Coors Beverage from $53.00 to $49.00 and set an "equal weight" rating for the company in a report on Thursday, August 7th. Needham & Company LLC reduced 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. Finally, Evercore ISI reduced their price objective on shares of Molson Coors Beverage from $58.00 to $53.00 and set an "outperform" rating for the company in a research report on Wednesday, August 6th. Six analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target 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.