Robeco Institutional Asset Management B.V. Buys 90,716 Shares of Molson Coors Beverage Company $TAP

Key Points

• Robeco Institutional Asset Management B.V. increased its stake in Molson Coors Beverage Company by 13.7%, acquiring an additional 90,716 shares, bringing its total holdings to 755,266 shares valued at approximately $36.32 million.
• Molson Coors Beverage reported earnings per share (EPS) of $2.05 for the last quarter, exceeding analysts’ expectations and demonstrating a year-over-year decline in quarterly revenue of 1.6%.
• The company has declared a quarterly dividend of $0.47, translating to an annualized dividend of $1.88, with a dividend yield of 4.1% and a payout ratio of 37.08%.

Robeco Institutional Asset Management B.V. lifted its stake in Molson Coors Beverage Company (NYSE:TAP - Free Report) by 13.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 755,266 shares of the company's stock after purchasing an additional 90,716 shares during the period. Robeco Institutional Asset Management B.V. owned 0.37% of Molson Coors Beverage worth $36,321,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Twin Capital Management Inc. lifted its holdings in Molson Coors Beverage by 0.7% during the first quarter. Twin Capital Management Inc. now owns 24,791 shares of the company's stock worth $1,509,000 after acquiring an additional 180 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in Molson Coors Beverage by 32.9% during the first quarter. Geneos Wealth Management Inc. now owns 800 shares of the company's stock worth $49,000 after acquiring an additional 198 shares in the last quarter. Signet Financial Management LLC lifted its holdings in Molson Coors Beverage by 3.7% during the second quarter. Signet Financial Management LLC now owns 5,757 shares of the company's stock worth $277,000 after acquiring an additional 208 shares in the last quarter. Callan Family Office LLC lifted its holdings in Molson Coors Beverage by 5.0% during the first quarter. Callan Family Office LLC now owns 4,426 shares of the company's stock worth $269,000 after acquiring an additional 209 shares in the last quarter. Finally, Millstone Evans Group LLC lifted its holdings in Molson Coors Beverage by 151.8% during the first quarter. Millstone Evans Group LLC now owns 423 shares of the company's stock worth $26,000 after acquiring an additional 255 shares in the last quarter. 78.46% of the stock is currently owned by institutional investors.

Molson Coors Beverage Price Performance

NYSE:TAP opened at $46.40 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.67 and a current ratio of 0.95. The stock's 50-day simple moving average is $48.98 and its 200 day simple moving average is $52.62. The company has a market cap of $9.17 billion, a P/E ratio of 9.15, a P/E/G ratio of 1.68 and a beta of 0.63. Molson Coors Beverage Company has a 52-week low of $43.80 and a 52-week high of $64.66.

Molson Coors Beverage (NYSE:TAP - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $2.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.83 by $0.22. The business had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.12 billion. Molson Coors Beverage had a return on equity of 8.61% and a net margin of 7.81%.Molson Coors Beverage's quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.92 earnings per share. Molson Coors Beverage has set its FY 2025 guidance at 5.360-5.540 EPS. As a group, sell-side analysts forecast that Molson Coors Beverage Company will post 6.35 EPS for the current fiscal year.

Molson Coors Beverage Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, September 5th were given a $0.47 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 4.1%. Molson Coors Beverage's payout ratio is currently 37.08%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. UBS Group reduced their target price on Molson Coors Beverage from $53.00 to $52.00 and set a "neutral" rating on the stock in a report on Wednesday, August 6th. The Goldman Sachs Group reduced their target price on Molson Coors Beverage from $67.00 to $57.00 and set a "buy" rating on the stock in a report on Thursday. JPMorgan Chase & Co. dropped their price target on Molson Coors Beverage from $62.00 to $53.00 and set a "neutral" rating on the stock in a research note on Thursday, July 31st. Needham & Company LLC dropped their price target 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. Finally, Jefferies Financial Group dropped their price target on Molson Coors Beverage from $52.00 to $50.00 and set a "hold" rating on the stock in a research note on Tuesday. Six investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $56.88.

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.

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