WINTON GROUP Ltd purchased a new position in Molson Coors Beverage (NYSE:TAP – Get Rating) during the 2nd quarter, Holdings Channel reports. The fund purchased 6,329 shares of the company’s stock, valued at approximately $345,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Truvestments Capital LLC bought a new stake in shares of Molson Coors Beverage during the 2nd quarter valued at $127,000. Sustainable Insight Capital Management LLC bought a new stake in shares of Molson Coors Beverage during the 2nd quarter valued at $262,000. Resources Investment Advisors LLC. bought a new stake in shares of Molson Coors Beverage during the 2nd quarter valued at $647,000. AdvisorShares Investments LLC raised its position in shares of Molson Coors Beverage by 127.1% during the 2nd quarter. AdvisorShares Investments LLC now owns 7,196 shares of the company’s stock valued at $392,000 after purchasing an additional 4,028 shares during the period. Finally, Oppenheimer & Co. Inc. raised its position in shares of Molson Coors Beverage by 12.7% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 8,444 shares of the company’s stock valued at $461,000 after purchasing an additional 950 shares during the period. 79.22% of the stock is currently owned by institutional investors.
Molson Coors Beverage Stock Performance
Shares of NYSE:TAP opened at $53.50 on Friday. Molson Coors Beverage has a 52 week low of $42.60 and a 52 week high of $60.12. The stock has a market capitalization of $11.58 billion, a P/E ratio of 23.46, a PEG ratio of 3.51 and a beta of 0.84. The firm has a fifty day simple moving average of $49.78 and a two-hundred day simple moving average of $52.99. The company has a quick ratio of 0.52, a current ratio of 0.77 and a debt-to-equity ratio of 0.45.
Molson Coors Beverage Dividend Announcement
Analyst Upgrades and Downgrades
TAP has been the topic of several recent analyst reports. TheStreet downgraded shares of Molson Coors Beverage from a “b” rating to a “c+” rating in a research report on Thursday, August 4th. StockNews.com downgraded shares of Molson Coors Beverage from a “buy” rating to a “hold” rating in a report on Saturday. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Molson Coors Beverage from $54.00 to $52.00 in a report on Wednesday, August 3rd. Bryan, Garnier & Co downgraded shares of Molson Coors Beverage from a “buy” rating to a “sell” rating and set a $54.00 price target on the stock. in a report on Thursday, September 1st. Finally, UBS Group lifted their price target on shares of Molson Coors Beverage from $54.00 to $58.00 and gave the company a “neutral” rating in a report on Wednesday, August 3rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Molson Coors Beverage has an average rating of “Hold” and a consensus target price of $53.70.
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, Middle East, Africa, and Asia Pacific. It offers flavored malt beverages, craft, and ready to drink beverages. The company was formerly known as Molson Coors Brewing Company and changed its name to Molson Coors Beverage Company in January 2020.
- Get a free copy of the StockNews.com research report on Molson Coors Beverage (TAP)
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