Plato Investment Management Ltd Makes New $1.38 Million Investment in Molson Coors Beverage Company $TAP

Key Points

• Plato Investment Management Ltd has made a new investment in Molson Coors Beverage Company, acquiring 22,425 shares valued at approximately $1.38 million during the first quarter.
• The company reported a net margin of 7.81% and earnings per share (EPS) of $2.05 for the recent quarter, exceeding analyst expectations by $0.22.
• Molson Coors Beverage announced a quarterly dividend of $0.47 per share, representing an annualized dividend yield of 3.8%.

Plato Investment Management Ltd acquired a new stake in Molson Coors Beverage Company (NYSE:TAP - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 22,425 shares of the company's stock, valued at approximately $1,380,000.

Other institutional investors have also modified their holdings of the company. Advisory Alpha LLC purchased a new position in Molson Coors Beverage in the first quarter valued at $210,000. Bayforest Capital Ltd boosted its position in shares of Molson Coors Beverage by 735.5% during the 1st quarter. Bayforest Capital Ltd now owns 1,153 shares of the company's stock worth $70,000 after acquiring an additional 1,015 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Molson Coors Beverage by 5.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,200,243 shares of the company's stock valued at $73,059,000 after acquiring an additional 58,853 shares during the last quarter. Palogic Value Management L.P. raised its position in shares of Molson Coors Beverage by 7.9% during the 1st quarter. Palogic Value Management L.P. now owns 41,742 shares of the company's stock worth $2,541,000 after acquiring an additional 3,055 shares in the last quarter. Finally, Woodline Partners LP raised its position in shares of Molson Coors Beverage by 38.7% during the 1st quarter. Woodline Partners LP now owns 14,546 shares of the company's stock worth $885,000 after acquiring an additional 4,056 shares in the last quarter. 78.46% of the stock is owned by hedge funds and other institutional investors.

Molson Coors Beverage Stock Down 0.8%

Shares of NYSE:TAP opened at $49.05 on Thursday. Molson Coors Beverage Company has a 1-year low of $46.94 and a 1-year high of $64.66. 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 stock has a market cap of $9.70 billion, a P/E ratio of 9.68, a P/E/G ratio of 1.80 and a beta of 0.69. The firm has a fifty day moving average price of $50.26 and a 200 day moving average price of $54.28.

Molson Coors Beverage (NYSE:TAP - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $2.05 EPS for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $3.12 billion. During the same period in the prior year, the company earned $1.92 earnings per share. The business'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. Sell-side analysts predict that Molson Coors Beverage Company will post 6.35 EPS for the current year.

Molson Coors Beverage Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, September 5th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Friday, September 5th. Molson Coors Beverage's dividend payout ratio (DPR) is 37.08%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TAP. Morgan Stanley dropped their price target on shares of Molson Coors Beverage from $58.00 to $53.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 6th. Wells Fargo & Company lowered their target price on shares of Molson Coors Beverage from $65.00 to $58.00 and set an "overweight" rating for the company in a report on Wednesday, June 25th. Needham & Company LLC dropped their target price on shares of Molson Coors Beverage from $65.00 to $58.00 and set a "buy" rating on the stock in a research report on Wednesday, August 6th. Sanford C. Bernstein reduced their price target on shares of Molson Coors Beverage from $65.00 to $55.00 and set a "market perform" rating for the company in a research report on Wednesday, July 9th. Finally, UBS Group decreased their price objective on shares of Molson Coors Beverage from $53.00 to $52.00 and set a "neutral" rating for the company in a research note on Wednesday, August 6th. Six research 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, the company presently has a consensus rating of "Hold" and an average 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.

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