<div id="readability-page-1"><p>Wakefield Asset Management LLLP lifted its position in Molson Coors Beverage (NYSE:TAP - Free Report) by 124.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,286 shares of the company's stock after acquiring an additional 29,552 shares during the quarter. Wakefield Asset Management LLLP's holdings in Molson Coors Beverage were worth $2,709,000 as of its most recent SEC filing.</p><div><p><span></span><span>Get <strong>Molson Coors Beverage</strong> alerts:</span></p></div><ul><li>Tap Into Molson Coors Stock: A Top Beverage Value Play</li></ul><p>A number of other institutional investors have also made changes to their positions in TAP. Corient Private Wealth LLC raised its stake in Molson Coors Beverage by 254.5% during the fourth quarter. Corient Private Wealth LLC now owns 42,240 shares of the company's stock worth $2,586,000 after acquiring an additional 30,323 shares during the period. Vinva Investment Management Ltd grew its stake in Molson Coors Beverage by 91.5% during the 4th quarter. Vinva Investment Management Ltd now owns 96,478 shares of the company's stock worth $5,909,000 after buying an additional 46,101 shares during the last quarter. Nordea Investment Management AB increased its position in Molson Coors Beverage by 153.7% in the first quarter. Nordea Investment Management AB now owns 25,830 shares of the company's stock worth $1,730,000 after buying an additional 15,648 shares during the period. iA Global Asset Management Inc. lifted its stake in Molson Coors Beverage by 117.5% in the first quarter. iA Global Asset Management Inc. now owns 31,583 shares of the company's stock valued at $2,124,000 after buying an additional 17,062 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Molson Coors Beverage by 220.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 489,371 shares of the company's stock valued at $32,910,000 after acquiring an additional 336,496 shares during the period. 78.46% of the stock is currently owned by institutional investors. </p><h2>Molson Coors Beverage Price Performance</h2><p>Shares of TAP opened at $55.77 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.95 and a quick ratio of 0.75. The company has a market capitalization of $11.82 billion, a price-to-earnings ratio of 11.15, a P/E/G ratio of 2.34 and a beta of 0.81. The business's 50-day moving average is $52.87 and its 200-day moving average is $57.47. Molson Coors Beverage has a fifty-two week low of $49.19 and a fifty-two week high of $69.18. </p><br/><ul><li>3 Reasons Boston Beer Stock Could Finally Hop Higher</li></ul><p>Molson Coors Beverage (NYSE:TAP - Get Free Report) last released its earnings results on Tuesday, August 6th. The company reported $1.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.68 by $0.24. The company had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.18 billion. Molson Coors Beverage had a net margin of 8.27% and a return on equity of 9.58%. The company's revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.78 EPS. Equities research analysts expect that Molson Coors Beverage will post 5.75 EPS for the current fiscal year. </p><h2>Molson Coors Beverage Announces Dividend</h2><p>The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, August 30th will be given a dividend of $0.44 per share. The ex-dividend date is Friday, August 30th. This represents a $1.76 dividend on an annualized basis and a yield of 3.16%. Molson Coors Beverage's payout ratio is 35.20%. </p><h2>Analysts Set New Price Targets</h2><ul><li>Analysts Are Raising Price Targets on These 3 Large Caps</li></ul><p>Several analysts recently weighed in on TAP shares. Jefferies Financial Group cut their price objective on shares of Molson Coors Beverage from $61.00 to $57.00 and set a &#34;hold&#34; rating on the stock in a research report on Thursday, July 18th. TD Cowen downgraded Molson Coors Beverage from a &#34;buy&#34; rating to a &#34;hold&#34; rating and reduced their price objective for the stock from $68.00 to $58.00 in a research report on Wednesday, August 7th. UBS Group raised their target price on Molson Coors Beverage from $55.00 to $58.00 and gave the company a &#34;neutral&#34; rating in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft boosted their price target on Molson Coors Beverage from $56.00 to $57.00 and gave the stock a &#34;hold&#34; rating in a research report on Wednesday, August 7th. Finally, Piper Sandler raised their price target on Molson Coors Beverage from $57.00 to $59.00 and gave the company a &#34;neutral&#34; rating in a report on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of &#34;Hold&#34; and an average price target of $60.53.</p><p><b>Check Out Our Latest Analysis on TAP</b></p><h2>About Molson Coors Beverage</h2> (Free Report)<p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than Molson Coors Beverage</li><li>Why Understanding Call Option Volume is Essential to Successful Options Trading</li><li>Is Merck Stock Undervalued After Its Colossal Earnings Growth?</li><li>What Are Trending Stocks? Trending Stocks Explained</li><li>Top 5 ETFs for Every Investor: From Semiconductors to Defense</li><li>How to Use the MarketBeat Dividend Calculator</li><li>Blade Air Mobility: This Under-the-Radar Stock Could Double Soon</li></ul><p><strong>Want to see what other hedge funds are holding TAP?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Molson Coors Beverage (NYSE:TAP - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVRBUA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVRBUA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. 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TAP.A

<p>Wakefield Asset Management LLLP increased its stake in Molson Coors Beverage (NYSE:TAP) by 124.5% in Q2, owning 53,286 shares worth $2,709,000. Other major investors, including Corient Private Wealth and Vinva Investment Management, also significantly raised their positions. TAP shares opened at $58.77, with a market cap of $12.82 billion and 78.46% institutional ownership. The company reported Q2 EPS of $1.92, exceeding estimates. A quarterly dividend of $0.44 per share will be paid on September 20. Analysts have varied price targets, with some downgrading their ratings while others increased them.</p>

Molson Coors Beverage (NYSE:TAP) Shares Purchased by Wakefield Asset Management LLLP