Scott & Selber Inc. Purchases 17,486 Shares of Molson Coors Beverage (NYSE:TAP)

Scott & Selber Inc. increased its holdings in Molson Coors Beverage (NYSE:TAP - Free Report) by 72.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,610 shares of the company's stock after purchasing an additional 17,486 shares during the quarter. Scott & Selber Inc.'s holdings in Molson Coors Beverage were worth $2,385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new stake in shares of Molson Coors Beverage in the 3rd quarter worth approximately $35,000. Gladius Capital Management LP purchased a new stake in Molson Coors Beverage in the third quarter worth $42,000. Catalyst Capital Advisors LLC boosted its holdings in 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 acquiring an additional 428 shares in the last quarter. SRS Capital Advisors Inc. increased its position in Molson Coors Beverage by 38.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 729 shares of the company's stock valued at $42,000 after purchasing an additional 203 shares during the period. Finally, Private Trust Co. NA raised its holdings in Molson Coors Beverage by 53.1% in 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 in the last quarter. Hedge funds and other institutional investors own 78.46% of the company's stock.

Molson Coors Beverage Trading Up 0.0 %

Shares of NYSE TAP opened at $61.30 on Tuesday. The firm's 50 day moving average price is $56.64 and its 200-day moving average price 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 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 cap of $12.42 billion, a PE ratio of 11.46, a P/E/G ratio of 1.52 and a beta of 0.85.

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 (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.13. The business had revenue of $2.74 billion for the quarter, compared to analysts' expectations of $2.71 billion. Molson Coors Beverage had a return on equity of 9.34% and a net margin of 8.17%. On average, equities research analysts expect that Molson Coors Beverage will post 6.35 EPS for the current fiscal year.

Molson Coors Beverage Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Thursday, February 27th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 3.07%. This is an increase from Molson Coors Beverage's previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Thursday, February 27th. Molson Coors Beverage's dividend payout ratio (DPR) is presently 35.14%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on TAP shares. Morgan Stanley lifted their target price 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. JPMorgan Chase & Co. reduced their target price on Molson Coors Beverage from $59.00 to $58.00 and set a "neutral" rating on the stock in a report on Thursday, January 30th. 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 Wednesday, February 12th. Citigroup raised Molson Coors Beverage from a "sell" rating to a "neutral" rating and upped their price target for the stock from $47.00 to $57.00 in a research note on Wednesday, February 5th. Finally, UBS Group raised their price objective on Molson Coors Beverage from $58.00 to $63.00 and gave the company a "neutral" rating in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price 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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