Ameritas Advisory Services LLC Has $642,000 Stake in Molson Coors Beverage Company $TAP

Ameritas Advisory Services LLC reduced its holdings in shares of Molson Coors Beverage Company (NYSE:TAP) by 5.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,358 shares of the company’s stock after selling 810 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Molson Coors Beverage were worth $642,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Twin Capital Management Inc. increased its stake in shares of Molson Coors Beverage by 0.7% during the first quarter. Twin Capital Management Inc. now owns 24,791 shares of the company’s stock worth $1,509,000 after purchasing an additional 180 shares during the period. Geneos Wealth Management Inc. raised its stake in Molson Coors Beverage by 32.9% in 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 in the last quarter. Signet Financial Management LLC lifted its position in Molson Coors Beverage by 3.7% during the second quarter. Signet Financial Management LLC now owns 5,757 shares of the company’s stock worth $277,000 after purchasing an additional 208 shares during the period. Callan Family Office LLC grew its stake in Molson Coors Beverage by 5.0% during the first quarter. Callan Family Office LLC now owns 4,426 shares of the company’s stock worth $269,000 after buying an additional 209 shares in the last quarter. Finally, Millstone Evans Group LLC raised its position in shares of Molson Coors Beverage by 151.8% in the 1st quarter. Millstone Evans Group LLC now owns 423 shares of the company’s stock valued at $26,000 after buying an additional 255 shares in the last quarter. Institutional investors and hedge funds own 78.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TAP shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Molson Coors Beverage in a research note on Saturday, September 27th. Wells Fargo & Company reduced their price objective on Molson Coors Beverage from $58.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. Needham & Company LLC dropped their target price on Molson Coors Beverage from $65.00 to $58.00 and set a “buy” rating for the company in a research report on Wednesday, August 6th. The Goldman Sachs Group reduced their price target on Molson Coors Beverage from $67.00 to $57.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Morgan Stanley lowered their price objective on Molson Coors Beverage from $58.00 to $53.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 6th. Six investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $56.88.

Molson Coors Beverage Price Performance

TAP stock opened at $46.40 on Monday. The company’s fifty day simple moving average is $48.98 and its 200 day simple moving average is $52.53. Molson Coors Beverage Company has a 12-month low of $43.80 and a 12-month high of $64.66. The company has a quick ratio of 0.67, a current ratio of 0.95 and a debt-to-equity ratio of 0.46. The firm has a market cap of $9.17 billion, a price-to-earnings ratio of 9.15, a PEG ratio of 1.69 and a beta of 0.63.

Molson Coors Beverage (NYSE:TAP) last released its earnings results on Tuesday, August 5th. The company reported $2.05 EPS for the quarter, topping the consensus estimate 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 business had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.12 billion. During the same quarter last year, the firm posted $1.92 earnings per share. The firm’s revenue was down 1.6% on a year-over-year basis. Molson Coors Beverage has set its FY 2025 guidance at 5.360-5.540 EPS. On average, analysts expect that Molson Coors Beverage Company will post 6.35 earnings per share for the current year.

Molson Coors Beverage Announces Dividend

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

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.