Forum Financial Management LP Has $310,000 Holdings in Molson Coors Beverage Company $TAP

Forum Financial Management LP increased its holdings in Molson Coors Beverage Company (NYSE:TAP) by 17.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,452 shares of the company’s stock after acquiring an additional 941 shares during the period. Forum Financial Management LP’s holdings in Molson Coors Beverage were worth $310,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in TAP. GAMMA Investing LLC raised its holdings in shares of Molson Coors Beverage by 14.2% in the 1st quarter. GAMMA Investing LLC now owns 5,362 shares of the company’s stock worth $326,000 after acquiring an additional 667 shares during the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of Molson Coors Beverage by 4.7% during the first quarter. Oppenheimer & Co. Inc. now owns 7,089 shares of the company’s stock valued at $432,000 after purchasing an additional 320 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in shares of Molson Coors Beverage by 4.4% during the first quarter. Asset Management One Co. Ltd. now owns 71,256 shares of the company’s stock valued at $4,337,000 after purchasing an additional 3,029 shares in the last quarter. Golden State Wealth Management LLC lifted its position in shares of 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 in the last quarter. Finally, Achmea Investment Management B.V. bought a new position in shares of Molson Coors Beverage during the first quarter valued at about $913,000. Institutional investors and hedge funds own 78.46% of the company’s stock.

Molson Coors Beverage Stock Performance

Shares of TAP stock opened at $45.43 on Monday. The firm has a market cap of $8.98 billion, a price-to-earnings ratio of 8.96, a P/E/G ratio of 1.66 and a beta of 0.63. 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 firm’s 50-day simple moving average is $47.84 and its two-hundred day simple moving average is $51.06.

Molson Coors Beverage (NYSE:TAP) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $2.05 EPS for the quarter, topping the consensus estimate of $1.83 by $0.22. The business had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.12 billion. Molson Coors Beverage had a net margin of 7.81% and a return on equity of 8.61%. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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 forecast that Molson Coors Beverage Company will post 6.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TAP has been the topic of a number of recent analyst reports. The Goldman Sachs Group dropped their price target on shares of 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. Needham & Company LLC dropped their price target on shares of Molson Coors Beverage from $65.00 to $58.00 and set a “buy” rating on the stock in a research report on Wednesday, August 6th. Citigroup dropped their price target on shares of Molson Coors Beverage from $51.00 to $49.00 and set a “neutral” rating on the stock in a research report on Thursday, October 9th. Jefferies Financial Group dropped their price target on shares of Molson Coors Beverage from $52.00 to $50.00 and set a “hold” rating on the stock in a research report on Tuesday, September 30th. Finally, Piper Sandler dropped their price target on shares of 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. Six research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $56.62.

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.