Qsemble Capital Management LP Purchases New Holdings in Molson Coors Beverage Company $TAP

Qsemble Capital Management LP purchased a new stake in shares of Molson Coors Beverage Company (NYSE:TAP) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 91,710 shares of the company’s stock, valued at approximately $4,281,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TAP. Root Financial Partners LLC bought a new position in Molson Coors Beverage during the third quarter valued at about $25,000. GoalVest Advisory LLC bought a new position in Molson Coors Beverage during the fourth quarter valued at about $25,000. SBI Securities Co. Ltd. increased its stake in Molson Coors Beverage by 84.1% during the fourth quarter. SBI Securities Co. Ltd. now owns 534 shares of the company’s stock valued at $25,000 after acquiring an additional 244 shares during the period. Smartleaf Asset Management LLC increased its stake in Molson Coors Beverage by 64.2% during the second quarter. Smartleaf Asset Management LLC now owns 565 shares of the company’s stock valued at $27,000 after acquiring an additional 221 shares during the period. Finally, IFP Advisors Inc increased its stake in Molson Coors Beverage by 134.2% during the third quarter. IFP Advisors Inc now owns 787 shares of the company’s stock valued at $38,000 after acquiring an additional 451 shares during the period. 78.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their price target on Molson Coors Beverage from $45.00 to $43.00 and set a “neutral” rating on the stock in a research note on Monday, April 27th. TD Cowen decreased their price objective on Molson Coors Beverage from $47.00 to $43.00 and set a “hold” rating on the stock in a report on Friday, February 20th. The Goldman Sachs Group lifted their price objective on Molson Coors Beverage from $48.00 to $50.00 in a report on Friday, May 1st. Needham & Company LLC decreased their price objective on Molson Coors Beverage from $52.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Finally, Evercore decreased their price objective on Molson Coors Beverage from $50.00 to $47.00 and set an “outperform” rating on the stock in a report on Tuesday, April 21st. Four investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $45.71.

Insider Activity at Molson Coors Beverage

In other Molson Coors Beverage news, Director Andrew Thomas Molson bought 2,000 shares of the company’s stock in a transaction on Monday, March 9th. The stock was bought at an average price of $46.67 per share, for a total transaction of $93,340.00. Following the transaction, the director owned 24,654 shares of the company’s stock, valued at approximately $1,150,602.18. The trade was a 8.83% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.27% of the company’s stock.

Molson Coors Beverage Price Performance

Shares of TAP stock opened at $40.90 on Friday. Molson Coors Beverage Company has a 52-week low of $40.64 and a 52-week high of $57.57. The stock has a market cap of $7.67 billion, a PE ratio of -3.84 and a beta of 0.44. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.38 and a current ratio of 0.54. The firm’s 50 day moving average price is $43.23 and its two-hundred day moving average price is $46.13.

Molson Coors Beverage (NYSE:TAP) last issued its earnings results on Friday, May 1st. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.36 by $0.26. The company had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.33 billion. Molson Coors Beverage had a negative net margin of 16.14% and a positive return on equity of 9.79%. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS. As a group, analysts forecast that Molson Coors Beverage Company will post 4.74 EPS for the current year.

Molson Coors Beverage Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be given a dividend of $0.48 per share. The ex-dividend date is Friday, May 29th. This represents a $1.92 annualized dividend and a dividend yield of 4.7%. Molson Coors Beverage’s payout ratio is presently -18.05%.

Molson Coors Beverage Profile

Molson Coors Beverage Company is a leading multinational brewing and beverage enterprise formed through the 2005 merger of Canada’s Molson and the United States’ Coors. The company develops, markets and distributes an array of alcoholic and non-alcoholic beverages, focusing primarily on beer and ready-to-drink products. Its portfolio spans flagship brands such as Coors Light, Molson Canadian and Miller Lite, alongside craft-style offerings like Blue Moon and global imports including Carling and Staropramen.

In addition to its core beer business, Molson Coors has expanded into adjacent categories to capture evolving consumer tastes.