AdvisorShares Investments LLC Has $791,000 Stock Position in Molson Coors Beverage (NYSE:TAP)

AdvisorShares Investments LLC lifted its holdings in Molson Coors Beverage (NYSE:TAP - Free Report) by 195.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 13,798 shares of the company's stock after buying an additional 9,120 shares during the quarter. AdvisorShares Investments LLC's holdings in Molson Coors Beverage were worth $791,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Virtu Financial LLC lifted its holdings in Molson Coors Beverage by 148.2% in the 3rd quarter. Virtu Financial LLC now owns 11,801 shares of the company's stock valued at $679,000 after acquiring an additional 7,046 shares during the last quarter. SkyView Investment Advisors LLC boosted its position in Molson Coors Beverage by 4.0% during the third quarter. SkyView Investment Advisors LLC now owns 15,700 shares of the company's stock valued at $903,000 after purchasing an additional 598 shares during the last quarter. World Investment Advisors LLC bought a new stake in shares of Molson Coors Beverage in the 3rd quarter valued at approximately $3,153,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Molson Coors Beverage during the 3rd quarter worth $262,000. Finally, Tidal Investments LLC raised its holdings in Molson Coors Beverage by 19.4% during the third quarter. Tidal Investments LLC now owns 30,362 shares of the company's stock valued at $1,746,000 after buying an additional 4,929 shares in the last quarter. 78.46% of the stock is currently owned by institutional investors.

Molson Coors Beverage Stock Up 0.5 %

Shares of Molson Coors Beverage stock traded up $0.30 on Friday, reaching $57.55. 1,859,805 shares of the company were exchanged, compared to its average volume of 2,057,925. Molson Coors Beverage has a one year low of $49.19 and a one year high of $64.66. The company has a market capitalization of $11.66 billion, a price-to-earnings ratio of 10.76, a PEG ratio of 1.52 and a beta of 0.69. The company has a 50-day moving average of $59.63 and a 200 day moving average of $58.42. 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 (NYSE:TAP - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.17 by $0.13. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.71 billion. Molson Coors Beverage had a net margin of 8.17% and a return on equity of 9.34%. On average, equities research analysts forecast that Molson Coors Beverage will post 6.35 earnings per share for the current year.

Molson Coors Beverage Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Thursday, February 27th were given a $0.47 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.27%. This is a boost from Molson Coors Beverage's previous quarterly dividend of $0.44. Molson Coors Beverage's dividend payout ratio (DPR) is presently 35.14%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TAP. Citigroup raised Molson Coors Beverage from a "sell" rating to a "neutral" rating and raised their target price for the company from $47.00 to $57.00 in a report on Wednesday, February 5th. UBS Group raised their price target on shares of Molson Coors Beverage from $58.00 to $63.00 and gave the stock a "neutral" rating in a research note on Friday, February 14th. Berenberg Bank started coverage on shares of Molson Coors Beverage in a research note on Wednesday, April 2nd. They issued a "buy" rating and a $86.90 target price on the stock. Barclays decreased their price target on Molson Coors Beverage from $62.00 to $61.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 27th. Finally, Needham & Company LLC restated a "buy" rating and issued a $72.00 price objective on shares of Molson Coors Beverage in a research report on Tuesday, April 29th. Eleven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Molson Coors Beverage currently has a consensus rating of "Hold" and a consensus target price of $64.14.

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.