Siemens Fonds Invest GmbH Takes $4.54 Million Position in Molson Coors Beverage (NYSE:TAP)

Siemens Fonds Invest GmbH purchased a new position in shares of Molson Coors Beverage (NYSE:TAP) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 79,174 shares of the company’s stock, valued at approximately $4,538,000.

Other large investors have also modified their holdings of the company. Truvestments Capital LLC grew its position in Molson Coors Beverage by 51.4% in the 4th quarter. Truvestments Capital LLC now owns 595 shares of the company’s stock worth $34,000 after purchasing an additional 202 shares during the last quarter. CoreCap Advisors LLC grew its holdings in Molson Coors Beverage by 10,716.7% in the 4th quarter. CoreCap Advisors LLC now owns 649 shares of the company’s stock worth $37,000 after buying an additional 643 shares in the last quarter. Quarry LP grew its holdings in Molson Coors Beverage by 55.1% in the 4th quarter. Quarry LP now owns 715 shares of the company’s stock worth $41,000 after buying an additional 254 shares in the last quarter. Catalyst Capital Advisors LLC increased its position in Molson Coors Beverage by 143.6% in the 4th quarter. Catalyst Capital Advisors LLC now owns 726 shares of the company’s stock valued at $42,000 after acquiring an additional 428 shares during the period. Finally, SRS Capital Advisors Inc. raised its stake in Molson Coors Beverage by 38.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 729 shares of the company’s stock valued at $42,000 after acquiring an additional 203 shares in the last quarter. Institutional investors and hedge funds own 78.46% of the company’s stock.

Molson Coors Beverage Trading Up 1.4%

Shares of NYSE:TAP opened at $56.28 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.70 and a current ratio of 0.94. The stock has a market capitalization of $11.40 billion, a price-to-earnings ratio of 10.52, a PEG ratio of 1.52 and a beta of 0.73. Molson Coors Beverage has a 1-year low of $49.19 and a 1-year high of $64.66. The company has a 50 day moving average price of $58.68 and a 200 day moving average price of $58.39.

Molson Coors Beverage (NYSE:TAP) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.30). Molson Coors Beverage had a return on equity of 9.34% and a net margin of 8.17%. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.43 billion. During the same period in the prior year, the business earned $0.95 earnings per share. The business’s revenue was down 11.3% compared to the same quarter last year. On average, research analysts anticipate that Molson Coors Beverage will post 6.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TAP has been the subject of several recent analyst reports. Citigroup raised Molson Coors Beverage from a “sell” rating to a “neutral” rating and increased their price target for the stock from $47.00 to $57.00 in a research note on Wednesday, February 5th. Barclays reduced their price objective on shares of Molson Coors Beverage from $60.00 to $57.00 and set an “equal weight” rating for the company in a report on Monday. UBS Group lowered their target price on shares of Molson Coors Beverage from $63.00 to $59.00 and set a “neutral” rating on the stock in a research note on Friday, May 9th. Morgan Stanley reduced their price target on shares of Molson Coors Beverage from $63.00 to $58.00 and set an “equal weight” rating for the company in a research note on Friday, May 9th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Molson Coors Beverage from $59.00 to $58.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $62.71.

Molson Coors Beverage 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.