Unified Investment Management Buys 271 Shares of Molson Coors Beverage Company $TAP

Unified Investment Management grew its stake in Molson Coors Beverage Company (NYSE:TAP) by 1.8% in the second quarter, HoldingsChannel.com reports. The fund owned 14,972 shares of the company’s stock after acquiring an additional 271 shares during the period. Unified Investment Management’s holdings in Molson Coors Beverage were worth $720,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of TAP. Royal Bank of Canada increased its stake in Molson Coors Beverage by 103.4% during the 4th quarter. Royal Bank of Canada now owns 261,204 shares of the company’s stock worth $14,972,000 after purchasing an additional 132,782 shares in the last quarter. Two Sigma Advisers LP increased its stake in Molson Coors Beverage by 7.9% during the 4th quarter. Two Sigma Advisers LP now owns 55,700 shares of the company’s stock worth $3,193,000 after purchasing an additional 4,100 shares in the last quarter. Woodline Partners LP bought a new stake in Molson Coors Beverage during the 4th quarter worth approximately $601,000. Forum Financial Management LP increased its stake in Molson Coors Beverage by 4.4% during the 4th quarter. Forum Financial Management LP now owns 5,210 shares of the company’s stock worth $299,000 after purchasing an additional 220 shares in the last quarter. Finally, Mackenzie Financial Corp increased its stake in Molson Coors Beverage by 31.7% during the 4th quarter. Mackenzie Financial Corp now owns 22,190 shares of the company’s stock worth $1,272,000 after purchasing an additional 5,346 shares in the last quarter. 78.46% of the stock is owned by institutional investors.

Molson Coors Beverage Stock Down 3.0%

TAP stock opened at $45.15 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.95 and a quick ratio of 0.67. The stock has a market capitalization of $8.93 billion, a price-to-earnings ratio of 8.91, a PEG ratio of 1.70 and a beta of 0.69. The business’s fifty day moving average price is $49.91 and its two-hundred day moving average price is $53.43. Molson Coors Beverage Company has a fifty-two week low of $45.08 and a fifty-two week high of $64.66.

Molson Coors Beverage (NYSE:TAP) last issued its quarterly 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 company had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.12 billion. During the same quarter last year, the business earned $1.92 earnings per share. Molson Coors Beverage’s revenue was down 1.6% on a year-over-year basis. Molson Coors Beverage has set its FY 2025 guidance at 5.360-5.540 EPS. On average, equities analysts anticipate that Molson Coors Beverage Company will post 6.35 earnings per share for the current year.

Molson Coors Beverage Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, September 5th were given a $0.47 dividend. The ex-dividend date was Friday, September 5th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 4.2%. Molson Coors Beverage’s dividend payout ratio (DPR) is presently 37.08%.

Wall Street Analysts Forecast Growth

TAP has been the subject of a number of recent research reports. Morgan Stanley reduced their price target on Molson Coors Beverage from $58.00 to $53.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 6th. Piper Sandler reduced their price target on Molson Coors Beverage from $58.00 to $53.00 and set a “neutral” rating for the company in a research report on Monday, June 23rd. Needham & Company LLC reduced their price target on Molson Coors Beverage from $65.00 to $58.00 and set a “buy” rating for the company in a research report on Wednesday, August 6th. UBS Group reduced their price target on Molson Coors Beverage from $53.00 to $52.00 and set a “neutral” rating for the company in a research report on Wednesday, August 6th. Finally, Citigroup reduced their price target on Molson Coors Beverage from $56.00 to $51.00 and set a “neutral” rating for the company in a research report on Tuesday, July 15th. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Molson Coors Beverage has an average rating of “Hold” and a consensus target price of $58.18.

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.