Barclays PLC Buys 9,389 Shares of Molson Coors Beverage (NYSE:TAP)

Barclays PLC boosted its holdings in shares of Molson Coors Beverage (NYSE:TAP - Free Report) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 528,469 shares of the company's stock after acquiring an additional 9,389 shares during the period. Barclays PLC owned about 0.26% of Molson Coors Beverage worth $30,290,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of TAP. Geode Capital Management LLC increased its holdings in Molson Coors Beverage by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 4,291,048 shares of the company's stock valued at $245,308,000 after buying an additional 54,867 shares in the last quarter. Invesco Ltd. boosted its holdings in Molson Coors Beverage by 4.2% in the fourth quarter. Invesco Ltd. now owns 3,789,258 shares of the company's stock valued at $217,200,000 after purchasing an additional 152,622 shares during the period. Bank of New York Mellon Corp lifted its holdings in Molson Coors Beverage by 14.0% during the 4th quarter. Bank of New York Mellon Corp now owns 3,535,604 shares of the company's stock worth $202,661,000 after buying an additional 434,250 shares during the last quarter. Norges Bank purchased a new stake in shares of Molson Coors Beverage in the 4th quarter valued at about $142,407,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Molson Coors Beverage by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,684,621 shares of the company's stock worth $96,562,000 after acquiring an additional 33,234 shares during the period. 78.46% of the stock is currently owned by institutional investors and hedge funds.

Molson Coors Beverage Stock Performance

Molson Coors Beverage stock traded down $0.41 during midday trading on Thursday, hitting $58.30. 351,324 shares of the company's stock were exchanged, compared to its average volume of 2,265,609. 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 cap of $11.81 billion, a price-to-earnings ratio of 10.90, a price-to-earnings-growth ratio of 1.52 and a beta of 0.69. The firm's 50 day simple moving average is $60.08 and its 200 day simple moving average is $58.27. Molson Coors Beverage has a 12-month low of $49.19 and a 12-month high of $64.66.

Molson Coors Beverage (NYSE:TAP - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $1.30 earnings per share for the quarter, beating analysts' consensus estimates of $1.17 by $0.13. Molson Coors Beverage had a net margin of 8.17% and a return on equity of 9.34%. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.71 billion. Equities research analysts predict that Molson Coors Beverage will post 6.35 EPS for the current year.

Molson Coors Beverage Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Thursday, February 27th were given a $0.47 dividend. This is a positive change from Molson Coors Beverage's previous quarterly dividend of $0.44. This represents a $1.88 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend was Thursday, February 27th. Molson Coors Beverage's dividend payout ratio is presently 35.14%.

Wall Street Analysts Forecast Growth

TAP has been the topic of several recent research reports. Berenberg Bank began coverage on shares of Molson Coors Beverage in a research report on Wednesday, April 2nd. They issued a "buy" rating and a $86.90 price objective on the stock. Needham & Company LLC restated a "buy" rating and issued a $72.00 target price on shares of Molson Coors Beverage in a research note on Monday, April 14th. Morgan Stanley boosted their price objective on Molson Coors Beverage from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. UBS Group raised their target price on Molson Coors Beverage from $58.00 to $63.00 and gave the stock a "neutral" rating in a research report on Friday, February 14th. Finally, Citigroup upgraded Molson Coors Beverage from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $47.00 to $57.00 in a research note on Wednesday, February 5th. Eleven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $64.39.

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.