Vontobel Holding Ltd. Boosts Holdings in Molson Coors Beverage Company $TAP

Key Points

• Vontobel Holding Ltd. increased its stake in Molson Coors Beverage by 3.9%, owning a total of 228,053 shares valued at approximately $10.97 million as of its latest SEC filing.
• Molson Coors reported an earnings per share (EPS) of $2.05 for the last quarter, exceeding analysts' expectations of $1.83, but its quarterly revenue decreased by 1.6% year-over-year.
• The company declared a quarterly dividend of $0.47, yielding around 4.1%, announcing the payment on September 19th to shareholders recorded on September 5th.

Vontobel Holding Ltd. boosted its position in Molson Coors Beverage Company (NYSE:TAP - Free Report) by 3.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 228,053 shares of the company's stock after purchasing an additional 8,604 shares during the quarter. Vontobel Holding Ltd. owned about 0.11% of Molson Coors Beverage worth $10,967,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. LSV Asset Management lifted its stake in Molson Coors Beverage by 1.4% in the 1st quarter. LSV Asset Management now owns 6,369,498 shares of the company's stock worth $387,711,000 after purchasing an additional 86,601 shares in the last quarter. Clarkston Capital Partners LLC lifted its stake in Molson Coors Beverage by 0.7% in the 1st quarter. Clarkston Capital Partners LLC now owns 4,553,212 shares of the company's stock worth $277,154,000 after purchasing an additional 33,535 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Molson Coors Beverage by 20.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,503,879 shares of the company's stock worth $274,144,000 after purchasing an additional 750,388 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Molson Coors Beverage by 16.8% in the 1st quarter. Bank of New York Mellon Corp now owns 4,130,807 shares of the company's stock worth $251,442,000 after purchasing an additional 595,203 shares in the last quarter. Finally, Deutsche Bank AG raised its position in shares of Molson Coors Beverage by 24.2% during the 1st quarter. Deutsche Bank AG now owns 2,797,189 shares of the company's stock valued at $170,265,000 after buying an additional 544,353 shares in the last quarter. 78.46% of the stock is currently owned by hedge funds and other institutional investors.

Molson Coors Beverage Trading Up 0.9%

NYSE:TAP opened at $46.03 on Friday. The company has a 50-day moving average price of $48.67 and a 200-day moving average price of $52.26. Molson Coors Beverage Company has a 12 month low of $43.80 and a 12 month high of $64.66. The company has a current ratio of 0.95, a quick ratio of 0.67 and a debt-to-equity ratio of 0.46. The stock has a market cap of $9.10 billion, a price-to-earnings ratio of 9.08, a P/E/G ratio of 1.66 and a beta of 0.63.

Molson Coors Beverage (NYSE:TAP - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $2.05 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $3.20 billion during the quarter, compared to analysts' expectations of $3.12 billion. During the same period last year, the company posted $1.92 EPS. The company's quarterly 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. Equities analysts predict that Molson Coors Beverage Company will post 6.35 EPS for the current year.

Molson Coors Beverage Announces Dividend

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

Analyst Ratings Changes

TAP has been the topic of several research reports. Sanford C. Bernstein lowered their price objective on shares of Molson Coors Beverage from $65.00 to $55.00 and set a "market perform" rating on the stock in a research report on Wednesday, July 9th. Piper Sandler lowered their price objective on shares of Molson Coors Beverage from $53.00 to $52.00 and set a "neutral" rating on the stock in a research report on Tuesday, September 30th. Wells Fargo & Company lowered their price objective on shares of Molson Coors Beverage from $58.00 to $55.00 and set an "overweight" rating on the stock in a research report on Thursday, September 25th. Bank of America cut shares of Molson Coors Beverage from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $65.00 to $50.00 in a research report on Friday, June 27th. Finally, The Goldman Sachs Group lowered their price objective on shares of Molson Coors Beverage from $67.00 to $57.00 and set a "buy" rating on the stock in a research report on Thursday, October 2nd. Six equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $56.62.

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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