Nomura Holdings Inc. Purchases New Shares in Molson Coors Beverage (NYSE:TAP)

Nomura Holdings Inc. purchased a new position in Molson Coors Beverage (NYSE:TAP - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 5,752 shares of the company's stock, valued at approximately $330,000.

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

Insider Buying and Selling at Molson Coors Beverage

In related news, Director Geoffrey E. Molson sold 1,333 shares of the stock in a transaction dated 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 transaction, the director now owns 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.71% of the stock is owned by company insiders.

Molson Coors Beverage Stock Performance

Shares of NYSE TAP traded down $0.73 during trading on Wednesday, hitting $53.46. The company had a trading volume of 497,570 shares, compared to its average volume of 2,380,422. Molson Coors Beverage has a 12 month low of $49.19 and a 12 month high of $64.66. The firm has a market capitalization of $10.81 billion, a P/E ratio of 10.00, a price-to-earnings-growth ratio of 1.52 and a beta of 0.73. The stock has a 50 day simple moving average of $58.06 and a 200 day simple moving average of $58.36. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.70 and a current ratio of 0.94.

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

Molson Coors Beverage Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date of this dividend is Friday, June 6th. Molson Coors Beverage's payout ratio is 37.83%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Citigroup raised shares of Molson Coors Beverage from a "sell" rating to a "neutral" rating and raised their price target for the company from $47.00 to $57.00 in a report on Wednesday, February 5th. Needham & Company LLC dropped their target price on shares of Molson Coors Beverage from $72.00 to $65.00 and set a "buy" rating on the stock in a report on Monday, May 12th. JPMorgan Chase & Co. cut their target price on shares of Molson Coors Beverage from $59.00 to $58.00 and set a "neutral" rating for the company in a research report on Thursday, January 30th. UBS Group lowered their price target on Molson Coors Beverage from $63.00 to $59.00 and set a "neutral" rating on the stock in a report on Friday, May 9th. Finally, Morgan Stanley cut their price objective on Molson Coors Beverage from $63.00 to $58.00 and set an "equal weight" rating for the company in a report on Friday, May 9th. Eleven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Molson Coors Beverage currently has an average rating of "Hold" and an average target price of $63.26.

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.