Ossiam Grows Stock Holdings in Molson Coors Beverage (NYSE:TAP)

Ossiam grew its holdings in Molson Coors Beverage (NYSE:TAP - Free Report) by 1,413.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,683 shares of the company's stock after buying an additional 15,581 shares during the period. Ossiam's holdings in Molson Coors Beverage were worth $956,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Geode Capital Management LLC grew its position 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 worth $245,308,000 after acquiring an additional 54,867 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Molson Coors Beverage by 4.2% in the 4th 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 last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Molson Coors Beverage by 12.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,753,491 shares of the company's stock worth $215,146,000 after purchasing an additional 422,515 shares during the period. Bank of New York Mellon Corp increased its position in shares of 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 valued at $202,661,000 after purchasing an additional 434,250 shares during the last quarter. Finally, Norges Bank purchased a new stake in Molson Coors Beverage during the 4th quarter valued at $142,407,000. 78.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on TAP shares. UBS Group boosted their price objective on shares of Molson Coors Beverage from $58.00 to $63.00 and gave the company a "neutral" rating in a research report on Friday, February 14th. JPMorgan Chase & Co. reduced 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 report on Thursday, January 30th. Barclays dropped their target price on Molson Coors Beverage from $62.00 to $61.00 and set an "equal weight" rating for the company in a research report on Thursday, March 27th. Citigroup upgraded 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 report on Wednesday, February 5th. Finally, StockNews.com cut Molson Coors Beverage from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Eleven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $64.39.

Molson Coors Beverage Trading Down 1.5 %

NYSE TAP opened at $57.89 on Tuesday. Molson Coors Beverage has a one year low of $49.19 and a one year high of $65.24. 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 company has a market capitalization of $11.73 billion, a price-to-earnings ratio of 10.82, a price-to-earnings-growth ratio of 1.52 and a beta of 0.69. The company's 50-day simple moving average is $60.10 and its two-hundred day simple moving average is $58.26.

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

Molson Coors Beverage Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Thursday, February 27th were paid a dividend of $0.47 per share. This is a boost from Molson Coors Beverage's previous quarterly dividend of $0.44. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend was Thursday, February 27th. Molson Coors Beverage's dividend payout ratio is 35.14%.

Molson Coors Beverage Company 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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