Catalyst Funds Management Pty Ltd Invests $878,000 in Molson Coors Beverage Company $TAP

Catalyst Funds Management Pty Ltd acquired a new position in shares of Molson Coors Beverage Company (NYSE:TAP) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,800 shares of the company’s stock, valued at approximately $878,000.

Several other large investors also recently made changes to their positions in the stock. Dodge & Cox increased its position in shares of Molson Coors Beverage by 29.4% during the third quarter. Dodge & Cox now owns 18,631,224 shares of the company’s stock worth $843,063,000 after acquiring an additional 4,235,029 shares in the last quarter. State Street Corp grew its stake in shares of Molson Coors Beverage by 19.2% during the 3rd quarter. State Street Corp now owns 10,516,810 shares of the company’s stock worth $475,886,000 after acquiring an additional 1,693,682 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Molson Coors Beverage by 22.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,425,043 shares of the company’s stock worth $290,741,000 after acquiring an additional 1,195,249 shares in the last quarter. Royal London Asset Management Ltd. grew its stake in shares of Molson Coors Beverage by 317.9% during the 2nd quarter. Royal London Asset Management Ltd. now owns 2,044,028 shares of the company’s stock worth $98,297,000 after acquiring an additional 1,554,851 shares in the last quarter. Finally, Schroder Investment Management Group grew its stake in shares of Molson Coors Beverage by 21.2% during the 3rd quarter. Schroder Investment Management Group now owns 1,947,454 shares of the company’s stock worth $88,122,000 after acquiring an additional 340,433 shares in the last quarter. Institutional investors own 78.46% of the company’s stock.

Insider Buying and Selling at Molson Coors Beverage

In other Molson Coors Beverage news, Director Geoffrey E. Molson sold 1,245 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $42.50, for a total transaction of $52,912.50. Following the completion of the sale, the director owned 9,871 shares of the company’s stock, valued at $419,517.50. This trade represents a 11.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Andrew Thomas Molson bought 2,000 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were purchased at an average cost of $46.67 per share, with a total value of $93,340.00. Following the acquisition, the director directly owned 24,654 shares of the company’s stock, valued at approximately $1,150,602.18. This represents a 8.83% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 2.27% of the company’s stock.

Molson Coors Beverage Price Performance

NYSE:TAP opened at $42.52 on Friday. Molson Coors Beverage Company has a 1-year low of $40.64 and a 1-year high of $54.82. The company has a current ratio of 0.54, a quick ratio of 0.38 and a debt-to-equity ratio of 0.38. The firm has a fifty day simple moving average of $42.85 and a 200 day simple moving average of $46.06. The stock has a market capitalization of $7.97 billion, a PE ratio of -4.00 and a beta of 0.44.

Molson Coors Beverage (NYSE:TAP) last released its earnings results on Friday, May 1st. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.26. Molson Coors Beverage had a negative net margin of 16.14% and a positive return on equity of 9.79%. The business had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.33 billion. During the same period last year, the business earned $0.50 earnings per share. The firm’s revenue was up 2.0% on a year-over-year basis. On average, research analysts expect that Molson Coors Beverage Company will post 4.74 EPS for the current fiscal year.

Molson Coors Beverage Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.92 annualized dividend and a yield of 4.5%. Molson Coors Beverage’s dividend payout ratio (DPR) is currently -18.05%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TAP shares. Wall Street Zen cut shares of Molson Coors Beverage from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Jefferies Financial Group decreased their price target on shares of Molson Coors Beverage from $45.00 to $43.00 and set a “hold” rating for the company in a research note on Monday, April 20th. The Goldman Sachs Group raised their price target on shares of Molson Coors Beverage from $48.00 to $50.00 in a research note on Friday, May 1st. Wells Fargo & Company decreased their price target on shares of Molson Coors Beverage from $45.00 to $43.00 and set an “equal weight” rating for the company in a research note on Monday, May 18th. Finally, Barclays decreased their price target on shares of Molson Coors Beverage from $43.00 to $41.00 and set an “underweight” rating for the company in a research note on Friday, May 1st. Four equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $45.59.

Molson Coors Beverage Profile

Molson Coors Beverage Company is a leading multinational brewing and beverage enterprise formed through the 2005 merger of Canada’s Molson and the United States’ Coors. The company develops, markets and distributes an array of alcoholic and non-alcoholic beverages, focusing primarily on beer and ready-to-drink products. Its portfolio spans flagship brands such as Coors Light, Molson Canadian and Miller Lite, alongside craft-style offerings like Blue Moon and global imports including Carling and Staropramen.

In addition to its core beer business, Molson Coors has expanded into adjacent categories to capture evolving consumer tastes.