Life Cycle Investment Partners Ltd Makes New Investment in Molson Coors Beverage Company $TAP

Life Cycle Investment Partners Ltd bought a new position in shares of Molson Coors Beverage Company (NYSE:TAP) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 433,627 shares of the company’s stock, valued at approximately $20,242,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dodge & Cox raised its position in shares of Molson Coors Beverage by 29.4% during the third quarter. Dodge & Cox now owns 18,631,224 shares of the company’s stock valued at $843,063,000 after buying an additional 4,235,029 shares during the last quarter. State Street Corp raised its position in shares of Molson Coors Beverage by 19.2% during the third quarter. State Street Corp now owns 10,516,810 shares of the company’s stock valued at $475,886,000 after buying an additional 1,693,682 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of 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 valued at $290,741,000 after buying an additional 1,195,249 shares during the last quarter. Royal London Asset Management Ltd. raised its position in shares of 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 valued at $98,297,000 after buying an additional 1,554,851 shares during the last quarter. Finally, Schroder Investment Management Group raised its position in shares of Molson Coors Beverage by 21.2% during the third quarter. Schroder Investment Management Group now owns 1,947,454 shares of the company’s stock valued at $88,122,000 after buying an additional 340,433 shares during the last quarter. Institutional investors and hedge funds own 78.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Bank of America downgraded 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 research note on Wednesday, February 25th. Jefferies Financial Group decreased their price target on shares of Molson Coors Beverage from $45.00 to $43.00 and set a “hold” rating on the stock in a research note on Monday, April 20th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $42.00 price target on shares of Molson Coors Beverage in a research note on Friday, May 1st. JPMorgan Chase & Co. dropped their price target on shares of Molson Coors Beverage from $45.00 to $43.00 and set a “neutral” rating for the company in a research report on Monday, April 27th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Molson Coors Beverage in a research report on Friday, March 27th. Four investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, Molson Coors Beverage has an average rating of “Hold” and an average target price of $45.59.

Molson Coors Beverage Stock Performance

NYSE:TAP opened at $42.52 on Friday. Molson Coors Beverage Company has a 12-month low of $40.64 and a 12-month high of $54.82. The company has a quick ratio of 0.38, a current ratio of 0.54 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $7.97 billion, a PE ratio of -4.00 and a beta of 0.44. The firm has a 50-day moving average price of $42.85 and a 200 day moving average price of $46.06.

Molson Coors Beverage (NYSE:TAP) last posted its quarterly earnings results on Friday, May 1st. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.26. Molson Coors Beverage had a negative net margin of 16.14% and a positive return on equity of 9.79%. The firm had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.33 billion. During the same quarter in the prior year, the business posted $0.50 earnings per share. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. Research analysts anticipate that Molson Coors Beverage Company will post 4.74 earnings per share for the current fiscal year.

Molson Coors Beverage Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be issued 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 4.5%. Molson Coors Beverage’s dividend payout ratio (DPR) is presently -18.05%.

Insider Activity at Molson Coors Beverage

In other news, Director Andrew Thomas Molson acquired 2,000 shares of the company’s stock in a transaction dated Monday, March 9th. The stock was bought at an average price of $46.67 per share, with a total value of $93,340.00. Following the completion of the acquisition, the director owned 24,654 shares in the company, valued at approximately $1,150,602.18. This represents a 8.83% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Geoffrey E. Molson sold 1,245 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $42.50, for a total transaction of $52,912.50. Following the sale, the director directly owned 9,871 shares of the company’s stock, valued at approximately $419,517.50. The trade was a 11.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.27% of the company’s stock.

About Molson Coors Beverage

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.