Landscape Capital Management L.L.C. Boosts Stock Position in Molson Coors Beverage Company $TAP

Landscape Capital Management L.L.C. grew its stake in shares of Molson Coors Beverage Company (NYSE:TAP) by 23.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 259,886 shares of the company’s stock after acquiring an additional 49,545 shares during the period. Molson Coors Beverage accounts for approximately 0.8% of Landscape Capital Management L.L.C.’s portfolio, making the stock its 12th largest holding. Landscape Capital Management L.L.C.’s holdings in Molson Coors Beverage were worth $12,131,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. GoalVest Advisory LLC purchased a new stake in shares of Molson Coors Beverage during the fourth quarter worth $25,000. SBI Securities Co. Ltd. lifted its position in shares of Molson Coors Beverage by 84.1% during the fourth quarter. SBI Securities Co. Ltd. now owns 534 shares of the company’s stock worth $25,000 after acquiring an additional 244 shares in the last quarter. Basepoint Wealth LLC bought a new position in shares of Molson Coors Beverage in the fourth quarter worth $26,000. Smartleaf Asset Management LLC increased its holdings in shares of Molson Coors Beverage by 64.2% in the second quarter. Smartleaf Asset Management LLC now owns 565 shares of the company’s stock worth $27,000 after purchasing an additional 221 shares during the period. Finally, Larson Financial Group LLC increased its holdings in shares of Molson Coors Beverage by 551.1% in the fourth quarter. Larson Financial Group LLC now owns 612 shares of the company’s stock worth $29,000 after purchasing an additional 518 shares during the period. Hedge funds and other institutional investors own 78.46% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on TAP. Wells Fargo & Company decreased their price target on shares of Molson Coors Beverage from $45.00 to $43.00 and set an “equal weight” rating on the stock in a report on Monday, May 18th. Bank of America cut shares of Molson Coors Beverage from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $50.00 to $42.00 in a report on Wednesday, February 25th. Piper Sandler decreased their price target on shares of Molson Coors Beverage from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Thursday, February 19th. JPMorgan Chase & Co. decreased their price target on shares of Molson Coors Beverage from $45.00 to $43.00 and set a “neutral” rating on the stock in a report on Monday, April 27th. Finally, Needham & Company LLC decreased their price target on shares of Molson Coors Beverage from $52.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, Molson Coors Beverage presently has a consensus rating of “Hold” and a consensus target price of $44.88.

Molson Coors Beverage Stock Up 1.5%

TAP opened at $41.56 on Friday. The stock has a market cap of $7.79 billion, a PE ratio of -3.91 and a beta of 0.41. The company has a quick ratio of 0.38, a current ratio of 0.54 and a debt-to-equity ratio of 0.38. Molson Coors Beverage Company has a 52 week low of $38.04 and a 52 week high of $54.82. The business’s fifty day simple moving average is $42.19 and its 200 day simple moving average is $45.49.

Molson Coors Beverage (NYSE:TAP) last released its earnings results on Friday, May 1st. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.26. The business had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.33 billion. Molson Coors Beverage had a positive return on equity of 9.79% and a negative net margin of 16.14%.The firm’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.50 earnings per share. As a group, research analysts expect that Molson Coors Beverage Company will post 4.8 earnings per share for the current fiscal year.

Molson Coors Beverage Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Friday, May 29th. Molson Coors Beverage’s dividend payout ratio is currently -18.05%.

Insider Buying and Selling

In related news, Director Geoffrey E. Molson sold 1,245 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $42.50, for a total value of $52,912.50. Following the transaction, the director owned 9,871 shares of the company’s stock, valued at $419,517.50. This represents a 11.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.27% of the stock is currently owned by corporate insiders.

Molson Coors Beverage Company Profile

Molson Coors Beverage Company is a leading multinational brewing and beverage enterprise formed through the 2005 merger of Canada’s Molson and the United States’ Coors. The company develops, markets and distributes an array of alcoholic and non-alcoholic beverages, focusing primarily on beer and ready-to-drink products. Its portfolio spans flagship brands such as Coors Light, Molson Canadian and Miller Lite, alongside craft-style offerings like Blue Moon and global imports including Carling and Staropramen.

In addition to its core beer business, Molson Coors has expanded into adjacent categories to capture evolving consumer tastes.