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

ASR Vermogensbeheer N.V. raised its holdings in Molson Coors Beverage Company (NYSE:TAP) by 0.6% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 91,359 shares of the company’s stock after purchasing 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 & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC increased its position in Molson Coors Beverage by 230.2% during the 1st quarter. Golden State Wealth Management LLC now owns 416 shares of the company’s stock worth $25,000 after buying an additional 290 shares during the period. Millstone Evans Group LLC increased its stake in shares of Molson Coors Beverage by 151.8% in the 1st quarter. Millstone Evans Group LLC now owns 423 shares of the company’s stock valued at $26,000 after purchasing an additional 255 shares during the last quarter. Elequin Capital LP bought a new position in Molson Coors Beverage in the first quarter valued at about $30,000. Eastern Bank bought a new stake in shares of Molson Coors Beverage during the 1st quarter valued at approximately $33,000. Finally, Geneos Wealth Management Inc. grew its stake in shares of Molson Coors Beverage by 32.9% during the first quarter. Geneos Wealth Management Inc. now owns 800 shares of the company’s stock worth $49,000 after buying an additional 198 shares during the last quarter. 78.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TAP has been the topic of several research reports. Sanford C. Bernstein reduced their price target on Molson Coors Beverage from $65.00 to $55.00 and set a “market perform” rating on the stock in a report on Wednesday, July 9th. Needham & Company LLC cut their target price on Molson Coors Beverage from $65.00 to $58.00 and set a “buy” rating on the stock in a research report on Wednesday, August 6th. JPMorgan Chase & Co. cut their target price on shares of Molson Coors Beverage from $62.00 to $53.00 and set a “neutral” rating on the stock in a research note on Thursday, July 31st. Citigroup cut their price target on Molson Coors Beverage from $56.00 to $51.00 and set a “neutral” rating on the stock in a report on Tuesday, July 15th. Finally, Wells Fargo & Company dropped their price target on shares of Molson Coors Beverage from $58.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. Six equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $56.88.

Molson Coors Beverage Trading Up 0.5%

NYSE:TAP opened at $46.40 on Friday. 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. The firm’s 50 day moving average is $48.98 and its 200 day moving average is $52.62. The company has a current ratio of 0.95, a quick ratio of 0.67 and a debt-to-equity ratio of 0.46. Molson Coors Beverage Company has a 12 month low of $43.80 and a 12 month high of $64.66.

Molson Coors Beverage (NYSE:TAP) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.22. Molson Coors Beverage had a return on equity of 8.61% and a net margin of 7.81%.The business had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.12 billion. During the same period in the previous year, the business posted $1.92 EPS. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. 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 year.

Molson Coors Beverage Dividend Announcement

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

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.