14,130 Shares in Molson Coors Beverage Company $TAP Purchased by Villanova Investment Management Co

Villanova Investment Management Co purchased a new stake in shares of Molson Coors Beverage Company (NYSE:TAP) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 14,130 shares of the company’s stock, valued at approximately $515,000.

Several other institutional investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. grew its position in Molson Coors Beverage by 84.7% in the third quarter. SBI Securities Co. Ltd. now owns 992 shares of the company’s stock worth $36,000 after acquiring an additional 455 shares during the period. CX Institutional increased its stake in Molson Coors Beverage by 496.8% during the second quarter. CX Institutional now owns 1,325 shares of the company’s stock worth $52,000 after acquiring an additional 1,103 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Molson Coors Beverage by 39.5% during the first quarter. EverSource Wealth Advisors LLC now owns 1,540 shares of the company’s stock worth $66,000 after acquiring an additional 436 shares during the last quarter. Root Financial Partners LLC purchased a new stake in Molson Coors Beverage in the third quarter valued at $86,000. Finally, Signaturefd LLC raised its position in Molson Coors Beverage by 71.0% in the third quarter. Signaturefd LLC now owns 2,430 shares of the company’s stock valued at $89,000 after purchasing an additional 1,009 shares during the period. Hedge funds and other institutional investors own 78.46% of the company’s stock.

Molson Coors Beverage Stock Down 2.1%

Shares of NYSE:TAP opened at $42.25 on Friday. The firm has a market capitalization of $8.85 billion, a PE ratio of -3.66 and a beta of 0.45. Molson Coors Beverage Company has a 1 year low of $35.52 and a 1 year high of $54.82. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.88 and a quick ratio of 0.72. The firm’s 50-day moving average is $38.98 and its two-hundred day moving average is $42.36.

Molson Coors Beverage (NYSE:TAP) last posted its quarterly earnings data on Thursday, November 5th. The company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.44 by $0.02. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.94 billion. Molson Coors Beverage had a negative net margin of 17.83% and a positive return on equity of 9.46%. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.67 earnings per share. Analysts predict that Molson Coors Beverage Company will post 4.77 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TAP shares. JPMorgan Chase & Co. decreased their price target on Molson Coors Beverage from $42.00 to $41.00 and set a “neutral” rating on the stock in a research note on Monday, October 26th. Wells Fargo & Company cut their price objective on Molson Coors Beverage from $41.00 to $38.00 and set an “equal weight” rating for the company in a research report on Monday, October 5th. Zacks Research lowered shares of Molson Coors Beverage from a “hold” rating to a “strong sell” rating in a report on Monday, October 19th. Barclays reduced their price objective on shares of Molson Coors Beverage from $41.00 to $36.00 and set an “underweight” rating on the stock in a report on Friday, October 16th. Finally, Piper Sandler decreased their target price on shares of Molson Coors Beverage from $45.00 to $44.00 and set a “neutral” rating on the stock in a research report on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $43.06.

Molson Coors Beverage Profile

Molson Coors Beverage Company is a global beverage company best known for brewing and marketing beer. Its portfolio includes widely recognized brands such as Coors, Coors Light, Miller Lite, Miller High Life, Molson Canadian, Carling, Blue Moon, Staropramen and Peroni Nastro Azzurro, along with hard seltzers, flavored alcoholic beverages and other adjacent products.

The company serves consumers through a broad network of breweries, distributors and retailers across North America, Europe and other international markets.