Two Sigma Securities LLC Has $238,000 Holdings in Molson Coors Beverage (NYSE:TAP)

Two Sigma Securities LLC reduced its position in Molson Coors Beverage (NYSE:TAP - Free Report) by 78.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,148 shares of the company's stock after selling 15,186 shares during the quarter. Two Sigma Securities LLC's holdings in Molson Coors Beverage were worth $238,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of TAP. Pallas Capital Advisors LLC lifted its position in Molson Coors Beverage by 1.2% during the fourth quarter. Pallas Capital Advisors LLC now owns 17,017 shares of the company's stock valued at $975,000 after purchasing an additional 199 shares during the period. Venturi Wealth Management LLC raised its stake in Molson Coors Beverage by 7.4% during the fourth quarter. Venturi Wealth Management LLC now owns 2,935 shares of the company's stock worth $168,000 after purchasing an additional 202 shares during the period. Truvestments Capital LLC lifted its holdings in shares of Molson Coors Beverage by 51.4% in the 4th quarter. Truvestments Capital LLC now owns 595 shares of the company's stock worth $34,000 after acquiring an additional 202 shares during the last quarter. SRS Capital Advisors Inc. lifted its holdings in Molson Coors Beverage by 38.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 729 shares of the company's stock worth $42,000 after buying an additional 203 shares in the last quarter. Finally, Lindbrook Capital LLC increased its stake in shares of Molson Coors Beverage by 21.2% during the fourth quarter. Lindbrook Capital LLC now owns 1,247 shares of the company's stock worth $71,000 after buying an additional 218 shares during the period. Hedge funds and other institutional investors own 78.46% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TAP. StockNews.com cut shares of Molson Coors Beverage from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Berenberg Bank assumed coverage on Molson Coors Beverage in a research note on Wednesday, April 2nd. They issued a "buy" rating and a $86.90 price objective for the company. JPMorgan Chase & Co. lowered their price target on shares of Molson Coors Beverage from $59.00 to $58.00 and set a "neutral" rating on the stock in a research report on Thursday, January 30th. Needham & Company LLC reaffirmed a "buy" rating and set a $72.00 price target on shares of Molson Coors Beverage in a research note on Tuesday, April 29th. Finally, Barclays lowered their price objective on Molson Coors Beverage from $62.00 to $61.00 and set an "equal weight" rating for the company in a research report on Thursday, March 27th. Eleven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Molson Coors Beverage currently has a consensus rating of "Hold" and an average price target of $64.14.

Molson Coors Beverage Stock Performance

TAP traded down $0.02 on Monday, hitting $57.54. The company had a trading volume of 342,469 shares, compared to its average volume of 2,051,327. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.70. The company's fifty day moving average price is $59.63 and its 200 day moving average price is $58.44. The stock has a market cap of $11.66 billion, a price-to-earnings ratio of 10.75, a price-to-earnings-growth ratio of 1.52 and a beta of 0.69. Molson Coors Beverage has a 1-year low of $49.19 and a 1-year high of $64.66.

Molson Coors Beverage (NYSE:TAP - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.13. Molson Coors Beverage had a net margin of 8.17% and a return on equity of 9.34%. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.71 billion. Equities analysts predict that Molson Coors Beverage will post 6.35 earnings per share for the current fiscal year.

Molson Coors Beverage Increases Dividend

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

Molson Coors Beverage Company 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.