Molson Coors Beverage Company $TAP Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its stake in Molson Coors Beverage Company (NYSE:TAP) by 1.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,607 shares of the company’s stock after acquiring an additional 456 shares during the period. Nisa Investment Advisors LLC’s holdings in Molson Coors Beverage were worth $1,568,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. LSV Asset Management raised its stake in shares of Molson Coors Beverage by 1.4% in the first quarter. LSV Asset Management now owns 6,369,498 shares of the company’s stock valued at $387,711,000 after acquiring an additional 86,601 shares in the last quarter. Clarkston Capital Partners LLC raised its stake in shares of Molson Coors Beverage by 0.7% in the first quarter. Clarkston Capital Partners LLC now owns 4,553,212 shares of the company’s stock valued at $277,154,000 after acquiring an additional 33,535 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Molson Coors Beverage by 20.0% in the first quarter. Dimensional Fund Advisors LP now owns 4,503,879 shares of the company’s stock valued at $274,144,000 after acquiring an additional 750,388 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Molson Coors Beverage by 16.8% in the first quarter. Bank of New York Mellon Corp now owns 4,130,807 shares of the company’s stock valued at $251,442,000 after acquiring an additional 595,203 shares in the last quarter. Finally, Deutsche Bank AG raised its stake in shares of Molson Coors Beverage by 24.2% in the first quarter. Deutsche Bank AG now owns 2,797,189 shares of the company’s stock valued at $170,265,000 after acquiring an additional 544,353 shares in the last quarter. 78.46% of the stock is currently owned by institutional investors and hedge funds.

Molson Coors Beverage Stock Up 0.3%

TAP opened at $43.66 on Friday. The business’s 50-day simple moving average is $47.28 and its 200-day simple moving average is $50.69. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.67 and a current ratio of 0.95. Molson Coors Beverage Company has a one year low of $43.42 and a one year high of $64.66. The stock has a market capitalization of $8.63 billion, a P/E ratio of 8.61, a price-to-earnings-growth ratio of 1.60 and a beta of 0.63.

Molson Coors Beverage (NYSE:TAP) last posted its earnings results on Tuesday, August 5th. The company reported $2.05 EPS for the quarter, topping 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 quarter in the previous year, the firm earned $1.92 earnings per share. The business’s 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. Analysts anticipate that Molson Coors Beverage Company will post 6.35 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on TAP shares. Morgan Stanley reduced their price objective on Molson Coors Beverage from $58.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 6th. UBS Group cut their price target on Molson Coors Beverage from $52.00 to $49.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 8th. Wells Fargo & Company cut their price target on 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. Jefferies Financial Group cut their price target on Molson Coors Beverage from $52.00 to $50.00 and set a “hold” rating on the stock in a research note on Tuesday, September 30th. Finally, Needham & Company LLC cut their price target on Molson Coors Beverage from $65.00 to $58.00 and set a “buy” rating on the stock in a research note on Wednesday, August 6th. Six equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $56.62.

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.