Poehling Capital Management INC. Has $916,000 Position in Molson Coors Beverage Company $TAP

Poehling Capital Management INC. increased its holdings in shares of Molson Coors Beverage Company (NYSE:TAP) by 211.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,625 shares of the company’s stock after acquiring an additional 13,323 shares during the quarter. Poehling Capital Management INC.’s holdings in Molson Coors Beverage were worth $916,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Dodge & Cox increased its holdings in shares of Molson Coors Beverage by 29.4% during the 3rd quarter. Dodge & Cox now owns 18,631,224 shares of the company’s stock worth $843,063,000 after acquiring an additional 4,235,029 shares during the last quarter. State Street Corp increased its holdings in shares of Molson Coors Beverage by 19.2% during the 3rd quarter. State Street Corp now owns 10,516,810 shares of the company’s stock worth $475,886,000 after acquiring an additional 1,693,682 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Molson Coors Beverage by 22.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,425,043 shares of the company’s stock worth $290,741,000 after acquiring an additional 1,195,249 shares during the last quarter. Royal London Asset Management Ltd. increased its holdings in shares of Molson Coors Beverage by 317.9% during the 2nd quarter. Royal London Asset Management Ltd. now owns 2,044,028 shares of the company’s stock worth $98,297,000 after acquiring an additional 1,554,851 shares during the last quarter. Finally, Schroder Investment Management Group increased its holdings in shares of Molson Coors Beverage by 21.2% during the 3rd quarter. Schroder Investment Management Group now owns 1,947,454 shares of the company’s stock worth $88,122,000 after acquiring an additional 340,433 shares during the last quarter. 78.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TAP has been the topic of a number of recent analyst reports. Wells Fargo & Company decreased their target price on Molson Coors Beverage from $45.00 to $43.00 and set an “equal weight” rating on the stock in a report on Monday. Barclays decreased their price objective on Molson Coors Beverage from $43.00 to $41.00 and set an “underweight” rating on the stock in a report on Friday, May 1st. Piper Sandler decreased 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. UBS Group decreased 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 Tuesday, April 7th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Molson Coors Beverage in a report on Friday, March 27th. Four investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, Molson Coors Beverage presently has a consensus rating of “Hold” and a consensus target price of $45.59.

Molson Coors Beverage Stock Performance

NYSE:TAP opened at $41.88 on Wednesday. The stock has a fifty day moving average price of $43.03 and a 200-day moving average price of $46.10. The company has a market cap of $7.85 billion, a price-to-earnings ratio of -3.94 and a beta of 0.44. 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 fifty-two week low of $40.64 and a fifty-two week high of $57.57.

Molson Coors Beverage (NYSE:TAP) last released its earnings results on Friday, May 1st. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.26. The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate 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 company’s revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.50 EPS. As a group, equities analysts anticipate that Molson Coors Beverage Company will post 4.74 EPS for the current fiscal year.

Molson Coors Beverage Announces Dividend

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

Insider Buying and Selling at Molson Coors Beverage

In related news, Director Andrew Thomas Molson bought 2,000 shares of the business’s stock in a transaction dated Monday, March 9th. The stock was purchased at an average cost of $46.67 per share, for a total transaction of $93,340.00. Following the transaction, the director owned 24,654 shares in the company, valued at $1,150,602.18. The trade was a 8.83% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.27% of the company’s stock.

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.