Molson Coors Beverage (NYSE:TAP.A) Stock Price Down 6.2%

Shares of Molson Coors Beverage (NYSE:TAP.A) traded down 6.2% on Thursday . The company traded as low as $63.50 and last traded at $63.50. 6 shares changed hands during trading, a decline of 99% from the average session volume of 420 shares. The stock had previously closed at $67.70.

Analyst Upgrades and Downgrades

Separately, TheStreet raised Molson Coors Beverage from a “c+” rating to a “b-” rating in a research report on Thursday, February 15th.

Molson Coors Beverage Trading Down 8.5 %

The company has a fifty day moving average price of $65.67 and a 200-day moving average price of $64.50.

Molson Coors Beverage (NYSE:TAP.A) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.07. The firm had revenue of $3.33 billion for the quarter.

Molson Coors Beverage Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend was Thursday, February 29th. This is a positive change from Molson Coors Beverage’s previous quarterly dividend of $0.41. Molson Coors Beverage’s dividend payout ratio is presently 72.13%.

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, and ready to drink beverages. It provides its products under Aspall Cider, Blue Moon, Coors Original, Hop Valley brands, Leinenkugel's, Miller Genuine Draft, Molson Ultra, Sharp's, Staropramen, and Vizzy Hard Seltzer above premier brands; Bergenbier, Borsodi, Carling, Coors Banquet, Coors Light, Jelen, Kamenitza, Miller Lite, Molson Canadian Lager, Molson Dry, Molson Export, and Niksicko, Ozujsko under the premium brands; and Branik, Icehouse, Keystone, Miller High Life, Milwaukee's Best, and Steel Reserve under the economy brands.