Siemens Fonds Invest GmbH Invests $4.54 Million in Molson Coors Beverage (NYSE:TAP)

Siemens Fonds Invest GmbH purchased a new stake in Molson Coors Beverage (NYSE:TAP - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 79,174 shares of the company's stock, valued at approximately $4,538,000.

Several other large investors have also added to or reduced their stakes in the business. DoubleLine ETF Adviser LP lifted its position in Molson Coors Beverage by 1.7% in the 4th quarter. DoubleLine ETF Adviser LP now owns 10,297 shares of the company's stock valued at $590,000 after acquiring an additional 170 shares in the last quarter. Venturi Wealth Management LLC lifted its position in Molson Coors Beverage by 7.4% in the 4th quarter. Venturi Wealth Management LLC now owns 2,935 shares of the company's stock valued at $168,000 after acquiring an additional 202 shares in the last quarter. Truvestments Capital LLC lifted its position 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 acquiring an additional 202 shares in the last quarter. SRS Capital Advisors Inc. lifted its position in Molson Coors Beverage by 38.6% in the 4th 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. Finally, ProShare Advisors LLC lifted its position in Molson Coors Beverage by 0.4% in the 4th quarter. ProShare Advisors LLC now owns 49,000 shares of the company's stock valued at $2,809,000 after acquiring an additional 206 shares in the last quarter. Institutional investors own 78.46% of the company's stock.

Molson Coors Beverage Stock Performance

Shares of TAP stock traded down $0.15 during trading hours on Friday, hitting $53.55. 3,500,587 shares of the company were exchanged, compared to its average volume of 2,147,742. The firm has a fifty day simple moving average of $57.72 and a 200 day simple moving average of $58.22. The company has a current ratio of 0.94, a quick ratio of 0.70 and a debt-to-equity ratio of 0.46. Molson Coors Beverage has a 52-week low of $49.19 and a 52-week high of $64.66. The stock has a market capitalization of $10.83 billion, a price-to-earnings ratio of 10.01, a P/E/G ratio of 1.52 and a beta of 0.73.

Molson Coors Beverage (NYSE:TAP - Get Free Report) last released 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). Molson Coors Beverage had a net margin of 8.17% and a return on equity of 9.34%. The business had revenue of $2.30 billion during the quarter, compared to analysts' expectations of $2.43 billion. During the same quarter in the prior year, the firm posted $0.95 earnings per share. The firm's quarterly revenue was down 11.3% on a year-over-year basis. Research analysts predict that Molson Coors Beverage will post 6.35 earnings per share for the current fiscal year.

Molson Coors Beverage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be paid a $0.47 dividend. The ex-dividend date is Friday, June 6th. This represents a $1.88 dividend on an annualized basis and a yield of 3.51%. Molson Coors Beverage's dividend payout ratio is 37.83%.

Insider Activity at Molson Coors Beverage

In other Molson Coors Beverage news, Director Geoffrey E. Molson sold 1,333 shares of the firm's stock in a transaction on 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 directly owns 27,595 shares of the company's stock, 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. 2.71% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on TAP shares. UBS Group decreased their price objective on shares of Molson Coors Beverage from $63.00 to $59.00 and set a "neutral" rating for the company in a research note on Friday, May 9th. Citigroup upgraded shares of Molson Coors Beverage from a "sell" rating to a "neutral" rating and increased their price objective for the company from $47.00 to $57.00 in a research note on Wednesday, February 5th. Barclays decreased their price objective on shares of Molson Coors Beverage from $60.00 to $57.00 and set an "equal weight" rating for the company in a research note on Monday, May 12th. Roth Capital set a $71.00 price objective on shares of Molson Coors Beverage and gave the company a "buy" rating in a research note on Tuesday, May 20th. Finally, Morgan Stanley decreased their price objective on shares of Molson Coors Beverage from $63.00 to $58.00 and set an "equal weight" rating for the company in a research note 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. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target 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.