Stephens Inc. AR Buys 1,370 Shares of Molson Coors Beverage (NYSE:TAP)

Stephens Inc. AR increased its stake in shares of Molson Coors Beverage (NYSE:TAP) by 7.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 19,610 shares of the company’s stock after purchasing an additional 1,370 shares during the quarter. Stephens Inc. AR’s holdings in Molson Coors Beverage were worth $1,124,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its stake in Molson Coors Beverage by 11.8% during the third quarter. Farther Finance Advisors LLC now owns 1,720 shares of the company’s stock worth $99,000 after buying an additional 182 shares during the period. Integrated Investment Consultants LLC boosted its stake in shares of Molson Coors Beverage by 4.7% during the 3rd quarter. Integrated Investment Consultants LLC now owns 4,154 shares of the company’s stock worth $239,000 after purchasing an additional 185 shares during the period. Pallas Capital Advisors LLC grew its holdings in Molson Coors Beverage by 1.2% during the 4th quarter. Pallas Capital Advisors LLC now owns 17,017 shares of the company’s stock valued at $975,000 after purchasing an additional 199 shares during the last quarter. Red Spruce Capital LLC grew its holdings in Molson Coors Beverage by 1.0% during the 4th quarter. Red Spruce Capital LLC now owns 27,010 shares of the company’s stock valued at $1,548,000 after purchasing an additional 273 shares during the last quarter. Finally, Private Advisor Group LLC raised its position in Molson Coors Beverage by 0.9% in the 3rd quarter. Private Advisor Group LLC now owns 32,080 shares of the company’s stock worth $1,845,000 after purchasing an additional 277 shares during the period. Hedge funds and other institutional investors own 78.46% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on TAP shares. StockNews.com cut Molson Coors Beverage from a “buy” rating to a “hold” rating in a research note on Sunday, February 2nd. Needham & Company LLC restated a “buy” rating and set a $72.00 price objective on shares of Molson Coors Beverage in a report on Wednesday. Barclays reduced their target price on Molson Coors Beverage from $51.00 to $48.00 and set an “underweight” rating on the stock in a research note on Friday, January 17th. BNP Paribas began coverage on shares of Molson Coors Beverage in a research note on Monday, November 25th. They set a “neutral” rating and a $64.00 target price for the company. Finally, JPMorgan Chase & Co. cut 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 report on Thursday, January 30th. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $62.36.

Molson Coors Beverage Price Performance

Shares of TAP opened at $53.39 on Thursday. The stock has a market capitalization of $11.00 billion, a PE ratio of 12.02, a PEG ratio of 2.07 and a beta of 0.85. The company has a 50 day moving average price of $56.57 and a 200-day moving average price of $56.25. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.74 and a current ratio of 0.99. Molson Coors Beverage has a fifty-two week low of $49.19 and a fifty-two week high of $69.18.

Molson Coors Beverage Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a dividend of $0.44 per share. The ex-dividend date was Friday, December 6th. This represents a $1.76 annualized dividend and a yield of 3.30%. Molson Coors Beverage’s dividend payout ratio (DPR) is presently 39.64%.

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.