V Square Quantitative Management LLC Has $253,000 Stock Position in Molson Coors Beverage (NYSE:TAP)

V Square Quantitative Management LLC increased its holdings in shares of Molson Coors Beverage (NYSE:TAP) by 41.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,973 shares of the company’s stock after purchasing an additional 1,445 shares during the period. V Square Quantitative Management LLC’s holdings in Molson Coors Beverage were worth $253,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in TAP. Tennessee Valley Asset Management Partners acquired a new stake in Molson Coors Beverage during the fourth quarter worth approximately $29,000. Montag A & Associates Inc. acquired a new stake in Molson Coors Beverage in the fourth quarter valued at approximately $31,000. Raleigh Capital Management Inc. grew its stake in Molson Coors Beverage by 2,087.5% in the fourth quarter. Raleigh Capital Management Inc. now owns 525 shares of the company’s stock valued at $32,000 after acquiring an additional 501 shares during the period. Transcendent Capital Group LLC acquired a new stake in Molson Coors Beverage in the fourth quarter valued at approximately $36,000. Finally, Venturi Wealth Management LLC grew its stake in Molson Coors Beverage by 46.6% in the first quarter. Venturi Wealth Management LLC now owns 585 shares of the company’s stock valued at $39,000 after acquiring an additional 186 shares during the period. Institutional investors and hedge funds own 78.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Barclays raised their target price on Molson Coors Beverage from $47.00 to $49.00 and gave the company an “underweight” rating in a report on Thursday, August 8th. Jefferies Financial Group dropped their target price on Molson Coors Beverage from $61.00 to $57.00 and set a “hold” rating on the stock in a report on Thursday, July 18th. StockNews.com lowered Molson Coors Beverage from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Citigroup dropped their target price on Molson Coors Beverage from $53.00 to $47.00 and set a “sell” rating on the stock in a report on Wednesday, July 10th. Finally, UBS Group lifted their price target on Molson Coors Beverage from $55.00 to $58.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $60.53.

Molson Coors Beverage Stock Performance

Shares of TAP traded down $0.43 during mid-day trading on Wednesday, hitting $52.56. The stock had a trading volume of 351,863 shares, compared to its average volume of 1,955,128. The firm has a market cap of $11.14 billion, a P/E ratio of 10.60, a PEG ratio of 2.26 and a beta of 0.81. The business has a fifty day moving average price of $51.73 and a 200-day moving average price of $58.37. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.69 and a quick ratio of 0.47. Molson Coors Beverage has a 52 week low of $49.19 and a 52 week high of $69.18.

Molson Coors Beverage (NYSE:TAP) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.24. The company had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.18 billion. Molson Coors Beverage had a return on equity of 9.47% and a net margin of 7.66%. The firm’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.78 earnings per share. On average, equities research analysts expect that Molson Coors Beverage will post 5.56 EPS for the current year.

Molson Coors Beverage Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, August 30th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 3.35%. The ex-dividend date is Friday, August 30th. Molson Coors Beverage’s dividend payout ratio (DPR) is presently 35.20%.

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.