MBB Public Markets I LLC Makes New $328,000 Investment in Molson Coors Beverage Company $TAP

Key Points

• MBB Public Markets I LLC purchased 5,384 shares of Molson Coors Beverage Company, valued at approximately $328,000, during the first quarter.
• Analysts have recently downgraded the stock's ratings, with a majority giving it a "Hold" rating and an average price target of $58.12.
• Molson Coors reported earnings of $2.05 EPS for the quarter, surpassing estimates, while announcing a quarterly dividend of $0.47 per share, yielding 3.8%.

MBB Public Markets I LLC bought a new position in shares of Molson Coors Beverage Company (NYSE:TAP - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 5,384 shares of the company's stock, valued at approximately $328,000.

A number of other large investors have also added to or reduced their stakes in the business. Baird Financial Group Inc. raised its position in shares of Molson Coors Beverage by 5.9% in the fourth quarter. Baird Financial Group Inc. now owns 35,375 shares of the company's stock valued at $2,028,000 after purchasing an additional 1,978 shares during the period. CoreCap Advisors LLC grew its stake in Molson Coors Beverage by 10,716.7% in the 4th quarter. CoreCap Advisors LLC now owns 649 shares of the company's stock valued at $37,000 after buying an additional 643 shares during the last quarter. Investment Management Corp of Ontario raised its holdings in Molson Coors Beverage by 13.5% in the 4th quarter. Investment Management Corp of Ontario now owns 31,492 shares of the company's stock valued at $1,805,000 after acquiring an additional 3,755 shares during the period. LMR Partners LLP acquired a new stake in Molson Coors Beverage during the fourth quarter worth approximately $552,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Molson Coors Beverage by 6.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,934 shares of the company's stock worth $3,435,000 after acquiring an additional 3,589 shares during the period. Institutional investors own 78.46% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Needham & Company LLC lowered their target price on Molson Coors Beverage from $65.00 to $58.00 and set a "buy" rating on the stock in a research note on Wednesday, August 6th. Sanford C. Bernstein dropped their target price on Molson Coors Beverage from $65.00 to $55.00 and set a "market perform" rating for the company in a report on Wednesday, July 9th. Wall Street Zen cut shares of Molson Coors Beverage from a "buy" rating to a "hold" rating in a research report on Saturday, May 17th. JPMorgan Chase & Co. lowered their price target on shares of Molson Coors Beverage from $62.00 to $53.00 and set a "neutral" rating on the stock in a research report on Thursday, July 31st. Finally, Barclays reiterated an "underweight" rating and issued a $50.00 price objective (up previously from $49.00) on shares of Molson Coors Beverage in a research note on Friday. Six investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $58.18.

Molson Coors Beverage Price Performance

TAP stock traded down $0.77 during midday trading on Friday, reaching $48.36. The company had a trading volume of 2,467,288 shares, compared to its average volume of 1,949,229. Molson Coors Beverage Company has a 1-year low of $46.94 and a 1-year high of $64.66. The stock has a 50 day moving average price of $50.24 and a 200-day moving average price of $54.11. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.95 and a quick ratio of 0.67. The company has a market capitalization of $9.56 billion, a price-to-earnings ratio of 9.54, a price-to-earnings-growth ratio of 1.79 and a beta of 0.69.

Molson Coors Beverage (NYSE:TAP - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $2.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 net margin of 7.81% and a return on equity of 8.61%. The business's revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.92 earnings per share. Molson Coors Beverage has set its FY 2025 guidance at 5.360-5.540 EPS. Equities research analysts expect that Molson Coors Beverage Company will post 6.35 earnings per share for the current year.

Molson Coors Beverage Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, September 5th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 3.9%. The ex-dividend date is Friday, September 5th. Molson Coors Beverage's payout ratio is currently 37.08%.

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.