ASR Vermogensbeheer N.V. Purchases 504 Shares of Molson Coors Beverage Company $TAP

ASR Vermogensbeheer N.V. grew its position in shares of Molson Coors Beverage Company (NYSE:TAP) by 0.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 91,359 shares of the company’s stock after buying an additional 504 shares during the quarter. ASR Vermogensbeheer N.V.’s holdings in Molson Coors Beverage were worth $4,393,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. LSV Asset Management grew its holdings in Molson Coors Beverage by 1.4% during the 1st quarter. LSV Asset Management now owns 6,369,498 shares of the company’s stock worth $387,711,000 after acquiring an additional 86,601 shares during the last quarter. Clarkston Capital Partners LLC grew its stake in shares of Molson Coors Beverage by 0.7% during the first quarter. Clarkston Capital Partners LLC now owns 4,553,212 shares of the company’s stock valued at $277,154,000 after purchasing an additional 33,535 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Molson Coors Beverage by 20.0% during the first quarter. Dimensional Fund Advisors LP now owns 4,503,879 shares of the company’s stock valued at $274,144,000 after purchasing an additional 750,388 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Molson Coors Beverage by 16.8% in the 1st quarter. Bank of New York Mellon Corp now owns 4,130,807 shares of the company’s stock valued at $251,442,000 after buying an additional 595,203 shares during the last quarter. Finally, Deutsche Bank AG boosted its position in Molson Coors Beverage by 24.2% in the 1st quarter. Deutsche Bank AG now owns 2,797,189 shares of the company’s stock valued at $170,265,000 after buying an additional 544,353 shares during the last quarter. Institutional investors own 78.46% of the company’s stock.

Molson Coors Beverage Trading Up 0.5%

NYSE:TAP opened at $46.40 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.95 and a quick ratio of 0.67. Molson Coors Beverage Company has a fifty-two week low of $43.80 and a fifty-two week high of $64.66. The business’s 50-day simple moving average is $48.98 and its 200-day simple moving average is $52.62. The stock has a market capitalization of $9.17 billion, a PE ratio of 9.15, a price-to-earnings-growth ratio of 1.68 and a beta of 0.63.

Molson Coors Beverage (NYSE:TAP) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $2.05 EPS for the quarter, beating the consensus estimate of $1.83 by $0.22. The business had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.12 billion. Molson Coors Beverage had a net margin of 7.81% and a return on equity of 8.61%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.92 EPS. Molson Coors Beverage has set its FY 2025 guidance at 5.360-5.540 EPS. Sell-side analysts expect that Molson Coors Beverage Company will post 6.35 earnings per share for the current fiscal year.

Molson Coors Beverage Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, September 5th were issued a dividend of $0.47 per share. The ex-dividend date was Friday, September 5th. This represents a $1.88 annualized dividend and a yield of 4.1%. Molson Coors Beverage’s dividend payout ratio is presently 37.08%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Barclays reiterated an “underweight” rating and issued a $50.00 price objective (up from $49.00) on shares of Molson Coors Beverage in a research report on Friday, September 12th. Jefferies Financial Group decreased their price target on Molson Coors Beverage from $52.00 to $50.00 and set a “hold” rating on the stock in a report on Tuesday. Sanford C. Bernstein reduced their target price on shares of Molson Coors Beverage from $65.00 to $55.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 9th. Wells Fargo & Company reduced their target price on shares of Molson Coors Beverage from $58.00 to $55.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. Finally, Evercore ISI reduced their target price on shares of Molson Coors Beverage from $58.00 to $53.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 6th. Six analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $56.88.

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.