V Square Quantitative Management LLC Has $307,000 Stock Holdings in Molson Coors Beverage (NYSE:TAP)

V Square Quantitative Management LLC lifted its holdings in shares of Molson Coors Beverage (NYSE:TAP) by 7.5% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,344 shares of the company’s stock after buying an additional 371 shares during the period. V Square Quantitative Management LLC’s holdings in Molson Coors Beverage were worth $307,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Family Firm Inc. bought a new position in Molson Coors Beverage in the second quarter valued at about $26,000. Altshuler Shaham Ltd bought a new stake in shares of Molson Coors Beverage during the 2nd quarter valued at approximately $27,000. Crewe Advisors LLC acquired a new position in Molson Coors Beverage during the 1st quarter worth approximately $43,000. GPS Wealth Strategies Group LLC lifted its stake in Molson Coors Beverage by 83.8% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 645 shares of the company’s stock valued at $33,000 after purchasing an additional 294 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in Molson Coors Beverage by 153.7% in the first quarter. Geneos Wealth Management Inc. now owns 982 shares of the company’s stock valued at $66,000 after buying an additional 595 shares in the last quarter. 78.46% of the stock is currently owned by institutional investors.

Molson Coors Beverage Price Performance

Shares of NYSE TAP opened at $56.00 on Monday. The company has a market capitalization of $11.86 billion, a PE ratio of 11.20, a P/E/G ratio of 2.35 and a beta of 0.81. The company has a quick ratio of 0.75, a current ratio of 0.95 and a debt-to-equity ratio of 0.46. Molson Coors Beverage has a twelve month low of $49.19 and a twelve month high of $69.18. The firm has a fifty day simple moving average of $54.78 and a 200 day simple moving average of $55.35.

Molson Coors Beverage (NYSE:TAP) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.24. The firm had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.18 billion. Molson Coors Beverage had a return on equity of 9.58% and a net margin of 8.27%. The business’s quarterly revenue was down .4% on a year-over-year basis. During the same period last year, the company posted $1.78 EPS. On average, sell-side analysts forecast that Molson Coors Beverage will post 5.74 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Wells Fargo & Company increased their price target on Molson Coors Beverage from $50.00 to $54.00 and gave the company an “underweight” rating in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft upped their target price on Molson Coors Beverage from $56.00 to $57.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Bank of America cut their price target on Molson Coors Beverage from $62.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. JPMorgan Chase & Co. upped their price objective on Molson Coors Beverage from $57.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday. Finally, UBS Group lifted their target price on shares of Molson Coors Beverage from $55.00 to $58.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Molson Coors Beverage presently has a consensus rating of “Hold” and an average target price of $59.43.

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.