Natixis Acquires 25,036 Shares of Molson Coors Beverage (NYSE:TAP)

Natixis boosted its stake in shares of Molson Coors Beverage (NYSE:TAP - Free Report) by 117.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 46,337 shares of the company's stock after acquiring an additional 25,036 shares during the period. Natixis' holdings in Molson Coors Beverage were worth $2,656,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Norinchukin Bank The grew its stake in Molson Coors Beverage by 8.2% during the fourth quarter. Norinchukin Bank The now owns 7,762 shares of the company's stock valued at $445,000 after acquiring an additional 588 shares in the last quarter. Ossiam grew its stake in shares of Molson Coors Beverage by 1,413.9% in the 4th quarter. Ossiam now owns 16,683 shares of the company's stock worth $956,000 after buying an additional 15,581 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of Molson Coors Beverage by 107.1% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 34,468 shares of the company's stock worth $1,976,000 after buying an additional 17,821 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Molson Coors Beverage by 12.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,753,491 shares of the company's stock worth $215,146,000 after buying an additional 422,515 shares in the last quarter. Finally, Forum Financial Management LP grew its stake in shares of Molson Coors Beverage by 4.4% in the 4th quarter. Forum Financial Management LP now owns 5,210 shares of the company's stock worth $299,000 after buying an additional 220 shares in the last quarter. 78.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Citigroup raised shares of Molson Coors Beverage from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $47.00 to $57.00 in a research note on Wednesday, February 5th. Morgan Stanley lifted their price objective on shares of Molson Coors Beverage from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. Barclays dropped their price objective on shares of Molson Coors Beverage from $62.00 to $61.00 and set an "equal weight" rating for the company in a research note on Thursday, March 27th. StockNews.com cut shares of Molson Coors Beverage from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Finally, UBS Group lifted 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. Eleven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $64.39.

Molson Coors Beverage Trading Down 2.6 %

Molson Coors Beverage stock traded down $1.53 during trading hours on Friday, hitting $56.82. The company had a trading volume of 2,273,058 shares, compared to its average volume of 2,085,901. The firm has a market cap of $11.51 billion, a P/E ratio of 10.62, a P/E/G ratio of 1.52 and a beta of 0.69. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.70 and a current ratio of 0.94. Molson Coors Beverage has a 1 year low of $49.19 and a 1 year high of $64.66. The company has a 50-day moving average price of $59.96 and a two-hundred day moving average price of $58.37.

Molson Coors Beverage (NYSE:TAP - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.13. The company had revenue of $2.74 billion during the quarter, compared to analysts' expectations of $2.71 billion. Molson Coors Beverage had a net margin of 8.17% and a return on equity of 9.34%. On average, sell-side analysts anticipate that Molson Coors Beverage will post 6.35 earnings per share for the current year.

Molson Coors Beverage Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Thursday, February 27th were given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 3.31%. This is a boost from Molson Coors Beverage's previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Thursday, February 27th. Molson Coors Beverage's payout ratio is 35.14%.

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.