5,597 Shares in Molson Coors Beverage (NYSE:TAP) Acquired by Oxford Asset Management LLP

Oxford Asset Management LLP acquired a new stake in Molson Coors Beverage (NYSE:TAP) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,597 shares of the company’s stock, valued at approximately $321,000.

Several other institutional investors and hedge funds have also bought and sold shares of TAP. Geode Capital Management LLC raised its holdings in Molson Coors Beverage by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 4,291,048 shares of the company’s stock valued at $245,308,000 after acquiring an additional 54,867 shares during the period. Invesco Ltd. raised its stake in shares of Molson Coors Beverage by 4.2% during the 4th quarter. Invesco Ltd. now owns 3,789,258 shares of the company’s stock valued at $217,200,000 after purchasing an additional 152,622 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Molson Coors Beverage by 12.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,753,491 shares of the company’s stock worth $215,146,000 after purchasing an additional 422,515 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Molson Coors Beverage by 14.0% during the 4th quarter. Bank of New York Mellon Corp now owns 3,535,604 shares of the company’s stock valued at $202,661,000 after buying an additional 434,250 shares in the last quarter. Finally, Norges Bank purchased a new position in Molson Coors Beverage during the 4th quarter valued at about $142,407,000. 78.46% of the stock is owned by institutional investors.

Molson Coors Beverage Price Performance

Shares of NYSE:TAP opened at $56.82 on Monday. The company has a quick ratio of 0.70, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. The stock has a market cap of $11.51 billion, a PE ratio of 10.62, a PEG ratio of 1.52 and a beta of 0.69. The company’s fifty day moving average is $59.96 and its 200 day moving average is $58.37. Molson Coors Beverage has a 52 week low of $49.19 and a 52 week high of $64.66.

Molson Coors Beverage (NYSE:TAP) last released its quarterly earnings data on Thursday, February 13th. The company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.17 by $0.13. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.71 billion. Molson Coors Beverage had a return on equity of 9.34% and a net margin of 8.17%. Research 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 issued a $0.47 dividend. The ex-dividend date was Thursday, February 27th. This is a positive change from Molson Coors Beverage’s previous quarterly dividend of $0.44. This represents a $1.88 annualized dividend and a yield of 3.31%. Molson Coors Beverage’s dividend payout ratio is 35.14%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on TAP shares. StockNews.com lowered shares of Molson Coors Beverage from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Needham & Company LLC restated a “buy” rating and set a $72.00 price target on shares of Molson Coors Beverage in a research report on Monday, April 14th. Berenberg Bank assumed coverage on shares of Molson Coors Beverage in a report on Wednesday, April 2nd. They issued a “buy” rating and a $86.90 price target on the stock. UBS Group lifted their price objective on Molson Coors Beverage from $58.00 to $63.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Finally, Barclays decreased their target price on Molson Coors Beverage from $62.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 27th. Eleven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Molson Coors Beverage currently has an average rating of “Hold” and an average target price of $64.39.

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.