Poehling Capital Management INC. Acquires 13,323 Shares of Molson Coors Beverage Company $TAP

Poehling Capital Management INC. grew its position in Molson Coors Beverage Company (NYSE:TAP) by 211.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 19,625 shares of the company’s stock after buying an additional 13,323 shares during the period. Poehling Capital Management INC.’s holdings in Molson Coors Beverage were worth $916,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dodge & Cox boosted its holdings in Molson Coors Beverage by 29.4% during the third quarter. Dodge & Cox now owns 18,631,224 shares of the company’s stock worth $843,063,000 after buying an additional 4,235,029 shares during the last quarter. State Street Corp boosted its holdings in Molson Coors Beverage by 19.2% during the third quarter. State Street Corp now owns 10,516,810 shares of the company’s stock worth $475,886,000 after buying an additional 1,693,682 shares during the last quarter. Royal London Asset Management Ltd. boosted its holdings in Molson Coors Beverage by 317.9% during the second quarter. Royal London Asset Management Ltd. now owns 2,044,028 shares of the company’s stock worth $98,297,000 after buying an additional 1,554,851 shares during the last quarter. M&T Bank Corp boosted its holdings in Molson Coors Beverage by 16,111.2% during the fourth quarter. M&T Bank Corp now owns 1,499,699 shares of the company’s stock worth $70,006,000 after buying an additional 1,490,448 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Molson Coors Beverage by 22.9% during the third quarter. Dimensional Fund Advisors LP now owns 6,425,043 shares of the company’s stock worth $290,741,000 after buying an additional 1,195,249 shares during the last quarter. 78.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TAP has been the topic of a number of recent analyst reports. Evercore reduced their target price on Molson Coors Beverage from $50.00 to $47.00 and set an “outperform” rating on the stock in a report on Tuesday, April 21st. Piper Sandler cut their price objective on Molson Coors Beverage from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Thursday, February 19th. Zacks Research upgraded Molson Coors Beverage from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. The Goldman Sachs Group lifted their price objective on Molson Coors Beverage from $48.00 to $50.00 in a report on Friday, May 1st. Finally, JPMorgan Chase & Co. cut their target price on Molson Coors Beverage from $45.00 to $43.00 and set a “neutral” rating on the stock in a research note on Monday, April 27th. Four equities research 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 data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $45.59.

Insider Buying and Selling at Molson Coors Beverage

In related news, Director Andrew Thomas Molson purchased 2,000 shares of the stock in a transaction on Monday, March 9th. The shares were purchased at an average price of $46.67 per share, with a total value of $93,340.00. Following the transaction, the director directly owned 24,654 shares of the company’s stock, valued at $1,150,602.18. This trade represents a 8.83% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.27% of the stock is owned by company insiders.

Molson Coors Beverage Trading Up 0.5%

NYSE TAP opened at $41.88 on Wednesday. The stock has a market capitalization of $7.85 billion, a price-to-earnings ratio of -3.94 and a beta of 0.44. The stock’s 50 day moving average price is $43.03 and its two-hundred day moving average price is $46.10. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.38 and a current ratio of 0.54. Molson Coors Beverage Company has a 52 week low of $40.64 and a 52 week high of $57.57.

Molson Coors Beverage (NYSE:TAP) last released its earnings results on Friday, May 1st. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.36 by $0.26. The firm 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 business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.50 EPS. As a group, analysts anticipate that Molson Coors Beverage Company will post 4.74 earnings per share for the current fiscal year.

Molson Coors Beverage Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.92 annualized dividend and a dividend yield of 4.6%. Molson Coors Beverage’s payout ratio is -18.05%.

Molson Coors Beverage 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.