Natixis Buys 25,036 Shares of Molson Coors Beverage (NYSE:TAP)

Natixis raised its stake in Molson Coors Beverage (NYSE:TAP - Free Report) by 117.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,337 shares of the company's stock after acquiring an additional 25,036 shares during the period. Natixis' holdings in Molson Coors Beverage were worth $2,656,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Norinchukin Bank The raised its stake in Molson Coors Beverage by 8.2% in the fourth quarter. Norinchukin Bank The now owns 7,762 shares of the company's stock valued at $445,000 after purchasing an additional 588 shares in the last quarter. Ossiam raised its position in shares of Molson Coors Beverage by 1,413.9% in the 4th quarter. Ossiam now owns 16,683 shares of the company's stock valued at $956,000 after buying an additional 15,581 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of Molson Coors Beverage by 107.1% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 34,468 shares of the company's stock worth $1,976,000 after acquiring an additional 17,821 shares during the period. Dimensional Fund Advisors LP increased its stake in Molson Coors Beverage by 12.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,753,491 shares of the company's stock valued at $215,146,000 after acquiring an additional 422,515 shares during the last quarter. Finally, Forum Financial Management LP raised its position in Molson Coors Beverage by 4.4% during the fourth quarter. Forum Financial Management LP now owns 5,210 shares of the company's stock valued at $299,000 after purchasing an additional 220 shares in the last quarter. 78.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. UBS Group lifted their price target on Molson Coors Beverage from $58.00 to $63.00 and gave the company a "neutral" rating in a research note on Friday, February 14th. Needham & Company LLC reissued a "buy" rating and set a $72.00 target price on shares of Molson Coors Beverage in a research note on Monday, April 14th. JPMorgan Chase & Co. reduced their price target 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. Citigroup upgraded shares of Molson Coors Beverage from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $47.00 to $57.00 in a research report on Wednesday, February 5th. Finally, Berenberg Bank initiated coverage on shares of Molson Coors Beverage in a research note on Wednesday, April 2nd. They set a "buy" rating and a $86.90 target price on the stock. Eleven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $64.39.

Molson Coors Beverage Stock Performance

Shares of TAP opened at $57.89 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.70 and a debt-to-equity ratio of 0.46. The firm's fifty day simple moving average is $60.10 and its two-hundred day simple moving average is $58.26. Molson Coors Beverage has a 12 month low of $49.19 and a 12 month high of $65.24. The stock has a market capitalization of $11.73 billion, a P/E ratio of 10.82, a price-to-earnings-growth ratio of 1.52 and a beta of 0.69.

Molson Coors Beverage (NYSE:TAP - Get Free Report) last announced its 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 return on equity of 9.34% and a net margin of 8.17%. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.71 billion. As a group, analysts predict that Molson Coors Beverage will post 6.35 EPS for the current year.

Molson Coors Beverage Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Thursday, February 27th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date was Thursday, February 27th. 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%.

About Molson Coors Beverage

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.