Los Angeles Capital Management LLC Reduces Stock Holdings in Molson Coors Beverage (NYSE:TAP)

Los Angeles Capital Management LLC reduced its stake in Molson Coors Beverage (NYSE:TAP - Free Report) by 35.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,212 shares of the company's stock after selling 21,676 shares during the period. Los Angeles Capital Management LLC's holdings in Molson Coors Beverage were worth $2,305,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new stake in Molson Coors Beverage in the 3rd quarter valued at about $35,000. Gladius Capital Management LP acquired a new position in shares of Molson Coors Beverage during the third quarter worth approximately $42,000. Catalyst Capital Advisors LLC lifted its stake in shares of Molson Coors Beverage by 143.6% in the fourth quarter. Catalyst Capital Advisors LLC now owns 726 shares of the company's stock valued at $42,000 after buying an additional 428 shares in the last quarter. True Wealth Design LLC bought a new position in Molson Coors Beverage in the 3rd quarter valued at about $59,000. Finally, Allworth Financial LP boosted its position in shares of Molson Coors Beverage by 33.7% during the third quarter. Allworth Financial LP now owns 1,179 shares of the company's stock valued at $68,000 after buying an additional 297 shares during the last quarter. Institutional investors and hedge funds own 78.46% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. StockNews.com lowered shares of Molson Coors Beverage from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Bank of America raised shares of Molson Coors Beverage from a "neutral" rating to a "buy" rating and upped their price objective for the company from $57.00 to $70.00 in a report on Friday, December 6th. Citigroup raised shares of Molson Coors Beverage from a "sell" rating to a "neutral" rating and boosted their price target for the company from $47.00 to $57.00 in a research report on Wednesday, February 5th. UBS Group raised their price target on Molson Coors Beverage from $58.00 to $63.00 and gave the stock a "neutral" rating in a report on Friday, February 14th. Finally, Morgan Stanley boosted their price objective on shares of Molson Coors Beverage from $60.00 to $63.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $63.27.

Molson Coors Beverage Trading Up 0.0 %

Shares of Molson Coors Beverage stock traded up $0.01 during trading on Monday, reaching $61.30. The company's stock had a trading volume of 1,682,586 shares, compared to its average volume of 1,898,704. The company has a market cap of $12.42 billion, a price-to-earnings ratio of 11.46, a PEG ratio of 1.52 and a beta of 0.85. The firm's 50-day moving average is $56.64 and its two-hundred day moving average is $56.94. Molson Coors Beverage has a 52-week low of $49.19 and a 52-week high of $69.18. The company has a quick ratio of 0.70, a current ratio of 0.94 and a debt-to-equity ratio of 0.46.

Molson Coors Beverage (NYSE:TAP - Get Free Report) last released its quarterly earnings data 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 return on equity of 9.34% and a net margin of 8.17%. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.71 billion. On average, sell-side analysts anticipate that Molson Coors Beverage will post 6.35 earnings per share for the current 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 paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 3.07%. This is an increase from Molson Coors Beverage's previous quarterly dividend of $0.44. The ex-dividend date is Thursday, February 27th. Molson Coors Beverage's dividend payout ratio is 35.14%.

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.