Callan Family Office LLC Makes New Investment in Molson Coors Beverage (NYSE:TAP)

Callan Family Office LLC acquired a new position in Molson Coors Beverage (NYSE:TAP - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,217 shares of the company's stock, valued at approximately $242,000.

A number of other institutional investors and hedge funds have also made changes to their positions in TAP. Ashton Thomas Securities LLC purchased a new position in shares of Molson Coors Beverage in the 3rd quarter worth $35,000. Gladius Capital Management LP purchased a new position in shares of Molson Coors Beverage during the 3rd quarter worth about $42,000. Catalyst Capital Advisors LLC boosted its stake in shares of Molson Coors Beverage by 143.6% during the 4th quarter. Catalyst Capital Advisors LLC now owns 726 shares of the company's stock worth $42,000 after purchasing an additional 428 shares during the period. SRS Capital Advisors Inc. boosted its stake in shares of Molson Coors Beverage by 38.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 729 shares of the company's stock worth $42,000 after purchasing an additional 203 shares during the period. Finally, Private Trust Co. NA boosted its stake in shares of Molson Coors Beverage by 53.1% during the 4th quarter. Private Trust Co. NA now owns 796 shares of the company's stock worth $46,000 after purchasing an additional 276 shares during the period. 78.46% of the stock is owned by hedge funds and other institutional investors.

Molson Coors Beverage Trading Down 4.1 %

NYSE:TAP opened at $60.35 on Wednesday. Molson Coors Beverage has a one year low of $49.19 and a one year high of $69.18. 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 firm has a market cap of $12.23 billion, a P/E ratio of 11.28, a P/E/G ratio of 1.52 and a beta of 0.81. The firm has a 50-day simple moving average of $57.01 and a 200-day simple moving average of $57.29.

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Molson Coors Beverage (NYSE:TAP - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.30 EPS for the quarter, beating the consensus estimate 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 business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.71 billion. Equities analysts anticipate that Molson Coors Beverage will post 6.35 EPS for the current fiscal year.

Molson Coors Beverage Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Thursday, February 27th will be given a $0.47 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.12%. This is an increase from Molson Coors Beverage's previous quarterly dividend of $0.44. Molson Coors Beverage's payout ratio is presently 35.14%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on TAP shares. StockNews.com cut shares of Molson Coors Beverage from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. BNP Paribas started coverage on shares of Molson Coors Beverage in a research note on Monday, November 25th. They set a "neutral" rating and a $64.00 price target for the company. Morgan Stanley lifted their price target on shares of 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. Barclays lifted their price target on shares of Molson Coors Beverage from $48.00 to $56.00 and gave the stock an "underweight" rating in a research note on Tuesday, February 18th. Finally, UBS Group lifted their price objective on shares of Molson Coors Beverage from $58.00 to $63.00 and gave the company a "neutral" rating in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, Molson Coors Beverage currently has an average rating of "Hold" and a consensus price target of $63.27.

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.

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