Universal Beteiligungs und Servicegesellschaft mbH Takes Position in Molson Coors Beverage (NYSE:TAP)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Molson Coors Beverage (NYSE:TAP - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 129,486 shares of the company's stock, valued at approximately $7,422,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.06% of Molson Coors Beverage as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Blue Trust Inc. lifted its holdings in shares of Molson Coors Beverage by 33.0% in the 4th quarter. Blue Trust Inc. now owns 3,926 shares of the company's stock worth $226,000 after buying an additional 975 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in shares of Molson Coors Beverage by 0.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 287,159 shares of the company's stock valued at $16,460,000 after acquiring an additional 1,823 shares during the period. Mediolanum International Funds Ltd raised its position in shares of Molson Coors Beverage by 55.3% in the 4th quarter. Mediolanum International Funds Ltd now owns 16,257 shares of the company's stock worth $922,000 after acquiring an additional 5,791 shares in the last quarter. Chicago Partners Investment Group LLC purchased a new stake in shares of Molson Coors Beverage during the 4th quarter worth $210,000. Finally, SYM FINANCIAL Corp purchased a new stake in shares of Molson Coors Beverage during the 4th quarter worth $218,000. Institutional investors own 78.46% of the company's stock.

Insiders Place Their Bets

In related news, Director Geoffrey E. Molson sold 1,333 shares of the business'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 in the company, valued at $1,553,322.55. The trade was a 4.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 2.71% of the company's stock.

Molson Coors Beverage Stock Performance

NYSE TAP traded down $0.74 on Monday, reaching $52.85. 2,116,018 shares of the company's stock traded hands, compared to its average volume of 2,140,891. Molson Coors Beverage has a fifty-two week low of $49.19 and a fifty-two week high of $64.66. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.70 and a current ratio of 0.94. The firm has a market cap of $10.68 billion, a price-to-earnings ratio of 9.88, a P/E/G ratio of 1.52 and a beta of 0.73. The stock has a 50 day moving average price of $57.72 and a 200-day moving average price of $58.15.

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 company had revenue of $2.30 billion for the quarter, compared to analysts' expectations of $2.43 billion. During the same quarter in the previous year, the business posted $0.95 EPS. The business's quarterly revenue was down 11.3% on a year-over-year basis. Equities research analysts predict that Molson Coors Beverage will post 6.35 EPS for the current fiscal year.

Molson Coors Beverage Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date is Friday, June 6th. Molson Coors Beverage's payout ratio is presently 37.83%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Needham & Company LLC decreased their price target on shares of Molson Coors Beverage from $72.00 to $65.00 and set a "buy" rating for the company in a research report on Monday, May 12th. Wall Street Zen downgraded Molson Coors Beverage from a "buy" rating to a "hold" rating in a research report on Saturday, May 17th. Berenberg Bank started coverage on Molson Coors Beverage in a research note on Wednesday, April 2nd. They set a "buy" rating and a $86.90 target price on the stock. Roth Capital set a $71.00 target price on Molson Coors Beverage and gave the company a "buy" rating in a research report on Tuesday, May 20th. Finally, Morgan Stanley lowered their price target 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 analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus 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.