denkapparat Operations GmbH Boosts Holdings in Molson Coors Beverage Company $TAP

denkapparat Operations GmbH increased its stake in Molson Coors Beverage Company (NYSE:TAP) by 41.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,546 shares of the company’s stock after purchasing an additional 1,926 shares during the quarter. denkapparat Operations GmbH’s holdings in Molson Coors Beverage were worth $315,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TAP. Ranmore Fund Management Ltd raised its position in shares of Molson Coors Beverage by 97.5% in the second quarter. Ranmore Fund Management Ltd now owns 415,341 shares of the company’s stock valued at $19,974,000 after purchasing an additional 205,000 shares during the period. M&G PLC raised its position in shares of Molson Coors Beverage by 4.6% in the second quarter. M&G PLC now owns 324,843 shares of the company’s stock worth $15,592,000 after buying an additional 14,352 shares in the last quarter. Forsta AP Fonden boosted its position in shares of Molson Coors Beverage by 2.0% during the 2nd quarter. Forsta AP Fonden now owns 80,300 shares of the company’s stock valued at $3,862,000 after acquiring an additional 1,600 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in Molson Coors Beverage by 0.5% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 233,602 shares of the company’s stock valued at $11,234,000 after purchasing an additional 1,140 shares during the last quarter. Finally, Vise Technologies Inc. bought a new stake in shares of Molson Coors Beverage during the 2nd quarter worth $275,000. 78.46% of the stock is currently owned by institutional investors.

Molson Coors Beverage Price Performance

Shares of NYSE:TAP opened at $45.97 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.67 and a current ratio of 0.95. The business has a 50-day simple moving average of $46.26 and a two-hundred day simple moving average of $49.78. Molson Coors Beverage Company has a fifty-two week low of $42.94 and a fifty-two week high of $64.66. The firm has a market cap of $9.08 billion, a price-to-earnings ratio of 9.07, a price-to-earnings-growth ratio of 1.60 and a beta of 0.65.

Molson Coors Beverage (NYSE:TAP) last issued its earnings results on Tuesday, November 4th. The company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($0.05). The company had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $3.02 billion. Molson Coors Beverage had a return on equity of 8.61% and a net margin of 7.81%. Molson Coors Beverage has set its FY 2025 guidance at 5.360-5.360 EPS. On average, analysts expect that Molson Coors Beverage Company will post 6.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on TAP shares. JPMorgan Chase & Co. began coverage on Molson Coors Beverage in a research note on Wednesday, November 5th. They issued a “neutral” rating and a $49.00 target price for the company. Barclays cut their target price on Molson Coors Beverage from $46.00 to $45.00 and set an “underweight” rating on the stock in a research note on Thursday, November 6th. Morgan Stanley reduced their price objective on shares of Molson Coors Beverage from $58.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 6th. Needham & Company LLC decreased their target price on Molson Coors Beverage from $58.00 to $54.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Molson Coors Beverage in a research note on Tuesday. Six investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Molson Coors Beverage presently has a consensus rating of “Hold” and an average price target of $54.56.

Insider Activity at Molson Coors Beverage

In related news, Director David S. Coors bought 2,245 shares of the stock in a transaction that occurred on Wednesday, November 5th. The shares were bought at an average cost of $44.47 per share, for a total transaction of $99,835.15. Following the completion of the transaction, the director owned 30,586 shares of the company’s stock, valued at approximately $1,360,159.42. This trade represents a 7.92% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andrew Thomas Molson acquired 7,500 shares of the stock in a transaction dated Monday, November 10th. The shares were bought at an average cost of $46.79 per share, for a total transaction of $350,925.00. Following the completion of the transaction, the director owned 22,654 shares in the company, valued at approximately $1,059,980.66. This represents a 49.49% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 2.71% of the stock is owned by corporate insiders.

About Molson Coors Beverage

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.