UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $73.06 Million Holdings in Molson Coors Beverage Company $TAP

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Molson Coors Beverage Company (NYSE:TAP) by 5.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,200,243 shares of the company’s stock after purchasing an additional 58,853 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.59% of Molson Coors Beverage worth $73,059,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of TAP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Molson Coors Beverage by 6.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,934 shares of the company’s stock worth $3,435,000 after acquiring an additional 3,589 shares during the last quarter. OMERS ADMINISTRATION Corp raised its position in shares of Molson Coors Beverage by 19.9% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 7,918 shares of the company’s stock worth $454,000 after acquiring an additional 1,314 shares during the last quarter. Nomura Holdings Inc. bought a new position in shares of Molson Coors Beverage during the fourth quarter worth about $330,000. Mufg Securities Americas Inc. bought a new position in shares of Molson Coors Beverage during the fourth quarter worth about $148,000. Finally, Quantinno Capital Management LP raised its position in shares of Molson Coors Beverage by 11.9% during the fourth quarter. Quantinno Capital Management LP now owns 113,985 shares of the company’s stock worth $6,534,000 after acquiring an additional 12,144 shares during the last quarter. 78.46% of the stock is currently owned by institutional investors.

Molson Coors Beverage Trading Down 1.6%

NYSE TAP opened at $48.36 on Friday. The company has a market cap of $9.56 billion, a price-to-earnings ratio of 9.54, a P/E/G ratio of 1.79 and a beta of 0.69. Molson Coors Beverage Company has a 52 week low of $46.94 and a 52 week high of $64.66. The business has a 50 day moving average price of $50.24 and a 200-day moving average price of $54.06. The company has a quick ratio of 0.67, a current ratio of 0.95 and a debt-to-equity ratio of 0.46.

Molson Coors Beverage (NYSE:TAP) last announced its earnings results on Tuesday, August 5th. The company reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.22. The company had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.12 billion. Molson Coors Beverage had a return on equity of 8.61% and a net margin of 7.81%.Molson Coors Beverage’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.92 earnings per share. Molson Coors Beverage has set its FY 2025 guidance at 5.360-5.540 EPS. As a group, equities analysts expect that Molson Coors Beverage Company will post 6.35 earnings per share for the current fiscal year.

Molson Coors Beverage Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, September 5th will be paid a $0.47 dividend. The ex-dividend date is Friday, September 5th. This represents a $1.88 annualized dividend and a dividend yield of 3.9%. Molson Coors Beverage’s payout ratio is presently 37.08%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TAP. Bank of America downgraded Molson Coors Beverage from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $65.00 to $50.00 in a research report on Friday, June 27th. Roth Capital set a $71.00 target price on Molson Coors Beverage and gave the stock a “buy” rating in a report on Tuesday, May 20th. Wells Fargo & Company lowered their target price on Molson Coors Beverage from $65.00 to $58.00 and set an “overweight” rating for the company in a report on Wednesday, June 25th. Piper Sandler lowered their target price on Molson Coors Beverage from $58.00 to $53.00 and set a “neutral” rating for the company in a report on Monday, June 23rd. Finally, Citigroup lowered their target price on Molson Coors Beverage from $56.00 to $51.00 and set a “neutral” rating for the company in a report on Tuesday, July 15th. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company 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.