Molson Coors Beverage Company $TAP Shares Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. boosted its position in shares of Molson Coors Beverage Company (NYSE:TAP) by 187.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 43,318 shares of the company’s stock after acquiring an additional 28,272 shares during the period. Jefferies Financial Group Inc.’s holdings in Molson Coors Beverage were worth $2,022,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in TAP. Dodge & Cox grew its holdings in Molson Coors Beverage by 29.4% during the 3rd quarter. Dodge & Cox now owns 18,631,224 shares of the company’s stock valued at $843,063,000 after purchasing an additional 4,235,029 shares in the last quarter. State Street Corp grew its holdings in Molson Coors Beverage by 19.2% during the 3rd quarter. State Street Corp now owns 10,516,810 shares of the company’s stock valued at $475,886,000 after purchasing an additional 1,693,682 shares in the last quarter. Royal London Asset Management Ltd. grew its holdings in 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 valued at $98,297,000 after purchasing an additional 1,554,851 shares in the last quarter. M&T Bank Corp grew its holdings in Molson Coors Beverage by 16,111.2% during the 4th quarter. M&T Bank Corp now owns 1,499,699 shares of the company’s stock valued at $70,006,000 after purchasing an additional 1,490,448 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in 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 valued at $290,741,000 after purchasing an additional 1,195,249 shares in the last quarter. 78.46% of the stock is owned by institutional investors and hedge funds.

Molson Coors Beverage Trading Up 1.6%

NYSE TAP opened at $41.87 on Thursday. Molson Coors Beverage Company has a 12 month low of $40.64 and a 12 month high of $54.82. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.54 and a quick ratio of 0.38. The company has a market capitalization of $7.85 billion, a price-to-earnings ratio of -3.94 and a beta of 0.44. The company’s fifty day moving average price is $42.77 and its two-hundred day moving average price is $46.03.

Molson Coors Beverage (NYSE:TAP) last posted its quarterly earnings data on Friday, May 1st. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.33 billion. During the same period in the prior year, the firm posted $0.50 EPS. The firm’s revenue was up 2.0% compared to the same quarter last year. As a group, research analysts predict that Molson Coors Beverage Company will post 4.74 earnings per share 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. Stockholders of record on Friday, May 29th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Friday, May 29th. Molson Coors Beverage’s dividend payout ratio (DPR) is presently -18.05%.

Insider Transactions at Molson Coors Beverage

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TAP shares. Sanford C. Bernstein lowered their price target on shares of Molson Coors Beverage from $74.00 to $45.00 and set a “market perform” rating for the company in a report on Tuesday. Jefferies Financial Group lowered 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 report on Monday, April 20th. Morgan Stanley lowered their price target on shares of Molson Coors Beverage from $52.00 to $46.00 and set an “equal weight” rating for the company in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $42.00 price objective on shares of Molson Coors Beverage in a research note on Friday, May 1st. Finally, UBS Group reduced their price objective on shares of Molson Coors Beverage from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 7th. Four research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, Molson Coors Beverage has a consensus rating of “Hold” and an average target price of $45.29.

Molson Coors Beverage Company 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.