Barrow Hanley Mewhinney & Strauss LLC Increases Stock Holdings in Molson Coors Beverage (NYSE:TAP)

Barrow Hanley Mewhinney & Strauss LLC grew its stake in Molson Coors Beverage (NYSE:TAP - Free Report) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 348,580 shares of the company's stock after purchasing an additional 5,446 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned approximately 0.17% of Molson Coors Beverage worth $19,981,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Truvestments Capital LLC boosted its stake in Molson Coors Beverage by 51.4% in the 4th quarter. Truvestments Capital LLC now owns 595 shares of the company's stock valued at $34,000 after purchasing an additional 202 shares during the period. CoreCap Advisors LLC lifted its holdings in shares of Molson Coors Beverage by 10,716.7% during the fourth quarter. CoreCap Advisors LLC now owns 649 shares of the company's stock worth $37,000 after buying an additional 643 shares in the last quarter. Quarry LP boosted its position in shares of Molson Coors Beverage by 55.1% in the fourth quarter. Quarry LP now owns 715 shares of the company's stock valued at $41,000 after acquiring an additional 254 shares during the period. Catalyst Capital Advisors LLC grew its stake in shares of Molson Coors Beverage by 143.6% in the fourth quarter. Catalyst Capital Advisors LLC now owns 726 shares of the company's stock valued at $42,000 after acquiring an additional 428 shares in the last quarter. Finally, SRS Capital Advisors Inc. grew its stake in shares of Molson Coors Beverage by 38.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 729 shares of the company's stock valued at $42,000 after acquiring an additional 203 shares in the last quarter. 78.46% of the stock is owned by institutional investors.

Molson Coors Beverage Trading Down 0.7%

Shares of Molson Coors Beverage stock traded down $0.36 during trading on Thursday, hitting $52.60. The company's stock had a trading volume of 1,005,491 shares, compared to its average volume of 2,140,053. The stock has a market cap of $10.63 billion, a price-to-earnings ratio of 9.83, a price-to-earnings-growth ratio of 1.52 and a beta of 0.73. Molson Coors Beverage has a 52 week low of $49.19 and a 52 week high of $64.66. The stock has a 50-day moving average price of $57.94 and a two-hundred day moving average price of $58.32. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.70.

Molson Coors Beverage (NYSE:TAP - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.30). The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.43 billion. Molson Coors Beverage had a return on equity of 9.34% and a net margin of 8.17%. The company's quarterly revenue was down 11.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.95 earnings per share. Equities research analysts anticipate that Molson Coors Beverage will post 6.35 EPS for the current fiscal year.

Molson Coors Beverage Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 3.57%. The ex-dividend date of this dividend is Friday, June 6th. Molson Coors Beverage's dividend payout ratio (DPR) is presently 37.83%.

Insiders Place Their Bets

In related news, Director Geoffrey E. Molson sold 1,333 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $56.29, for a total value of $75,034.57. Following the transaction, the director now directly owns 27,595 shares in the company, valued at $1,553,322.55. This trade represents a 4.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.71% of the company's stock.

Analyst Ratings Changes

TAP has been the topic of several analyst reports. JPMorgan Chase & Co. reduced their target price on Molson Coors Beverage from $59.00 to $58.00 and set a "neutral" rating on the stock in a report on Thursday, January 30th. Citigroup upgraded shares of Molson Coors Beverage from a "sell" rating to a "neutral" rating and increased their price objective for the stock from $47.00 to $57.00 in a research note on Wednesday, February 5th. Barclays decreased their target price on shares of Molson Coors Beverage from $60.00 to $57.00 and set an "equal weight" rating on the stock in a report on Monday, May 12th. Roth Capital set a $71.00 price target on shares of Molson Coors Beverage and gave the stock a "buy" rating in a report on Tuesday, May 20th. Finally, Berenberg Bank began coverage on shares of Molson Coors Beverage in a research report on Wednesday, April 2nd. They set a "buy" rating and a $86.90 price target on the stock. Eleven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Molson Coors Beverage has an average rating of "Hold" and an average price target of $63.26.

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.