Commerzbank Aktiengesellschaft FI Purchases 1,458 Shares of Molson Coors Beverage Company $TAP

Commerzbank Aktiengesellschaft FI raised its position in shares of Molson Coors Beverage Company (NYSE:TAP) by 10.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,878 shares of the company’s stock after purchasing an additional 1,458 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Molson Coors Beverage were worth $764,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Golden State Wealth Management LLC grew its holdings in Molson Coors Beverage by 230.2% during the first quarter. Golden State Wealth Management LLC now owns 416 shares of the company’s stock valued at $25,000 after purchasing an additional 290 shares during the period. Millstone Evans Group LLC grew its holdings in Molson Coors Beverage by 151.8% during the first quarter. Millstone Evans Group LLC now owns 423 shares of the company’s stock valued at $26,000 after purchasing an additional 255 shares during the period. Elequin Capital LP bought a new position in Molson Coors Beverage during the first quarter valued at $30,000. Eastern Bank bought a new position in Molson Coors Beverage during the first quarter valued at $33,000. Finally, Geneos Wealth Management Inc. grew its holdings in Molson Coors Beverage by 32.9% during the first quarter. Geneos Wealth Management Inc. now owns 800 shares of the company’s stock valued at $49,000 after purchasing an additional 198 shares during the period. 78.46% of the stock is owned by institutional investors.

Molson Coors Beverage Trading Down 0.0%

Shares of TAP stock opened at $46.00 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.67 and a current ratio of 0.95. Molson Coors Beverage Company has a 52-week low of $43.80 and a 52-week high of $64.66. The company has a market capitalization of $9.10 billion, a PE ratio of 9.07, a price-to-earnings-growth ratio of 1.68 and a beta of 0.63. The business’s fifty day moving average is $48.63 and its 200 day moving average is $52.17.

Molson Coors Beverage (NYSE:TAP) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $2.05 earnings per share (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 the consensus estimate of $3.12 billion. During the same quarter last year, the business posted $1.92 earnings per share. The firm’s revenue was down 1.6% compared to the same quarter last year. Molson Coors Beverage has set its FY 2025 guidance at 5.360-5.540 EPS. On average, equities research analysts anticipate that Molson Coors Beverage Company will post 6.35 EPS for the current fiscal year.

Molson Coors Beverage Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, September 5th were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Friday, September 5th. Molson Coors Beverage’s dividend payout ratio (DPR) is 37.08%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on TAP shares. Evercore ISI reduced their price objective on Molson Coors Beverage from $58.00 to $53.00 and set an “outperform” rating for the company in a report on Wednesday, August 6th. Sanford C. Bernstein dropped their target price on Molson Coors Beverage from $65.00 to $55.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 9th. Piper Sandler dropped their target price on Molson Coors Beverage from $53.00 to $52.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 30th. JPMorgan Chase & Co. dropped their target price on Molson Coors Beverage from $62.00 to $53.00 and set a “neutral” rating on the stock in a research report on Thursday, July 31st. Finally, The Goldman Sachs Group dropped their target price on Molson Coors Beverage from $67.00 to $57.00 and set a “buy” rating on the stock in a research report on Thursday, October 2nd. Six research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Molson Coors Beverage has a consensus rating of “Hold” and a consensus target price of $56.62.

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.