Entropy Technologies LP purchased a new position in shares of Molson Coors Beverage Company (NYSE:TAP) during the first quarter, according to the company's most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 14,962 shares of the company's stock, valued at approximately $911,000.\n\nMolson Coors Beverage recently declared a quarterly dividend of $0.47 per share, translating to an annual yield of 3.7% and a payout ratio of 37.08%. The company's stock is currently trading at $50.35, down 0.7%, with a market cap of $10.18 billion and a P/E ratio of 9.93.\n\nOther hedge funds and institutional investors have also made changes to their positions in the company. LSV Asset Management boosted its position by 1.4%, now owning 6,369,498 shares valued at $387,711,000. Bank of New York Mellon Corp increased its position by 16.8%, now owning 4,130,807 shares valued at $251,442,000. Dimensional Fund Advisors LP boosted its position by 12.7%, now owning 3,753,491 shares valued at $215,146,000. Deutsche Bank AG increased its position by 24.2%, now owning 2,797,189 shares valued at $170,265,000. Northern Trust Corp boosted its position by 12.7%, now owning 1,970,718 shares valued at $112,962,000.\n\nInstitutional investors collectively own 78.46% of the company's stock.\n\nShares of Molson Coors Beverage traded up $0.68 on Wednesday, reaching $51.72, with a trading volume of 2,565,018 shares compared to its average volume of 2,831,617. The stock has a 12-month low of $46.94 and a 12-month high of $64.66. It has a market capitalization of $10.46 billion, a price-to-earnings ratio of 10.20, a price-to-earnings-growth ratio of 1.86, and a beta of 0.67. The company has a quick ratio of 0.67, a current ratio of 0.95, and a debt-to-equity ratio of 0.46. The stock has a 50-day simple moving average of $49.81 and a 200-day simple moving average of $55.06.\n\nMolson Coors Beverage reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.22. The company had a return on equity of 8.61% and a net margin of 7.81%. Revenue for the quarter was $3.20 billion, compared to analysts' expectations of $3.12 billion. Revenue was down 1.6% compared to the same quarter last year. Analysts expect 6.35 EPS for the current fiscal year.\n\nThe company also announced a quarterly dividend of $0.47 per share, payable on Friday, September 19th, to investors of record on Friday, September 5th. This results in an annualized dividend of $1.88 and a yield of 3.6%. The ex-dividend date is Friday, September 5th.\n\nAnalyst ratings have changed recently: UBS Group lowered its price target from $53.00 to $52.00 and set a 'neutral' rating; Bank of America downgraded from 'buy' to 'neutral' and lowered its price target to $50.00; Needham & Company lowered its price target from $65.00 to $58.00 and maintained a 'buy' rating; Piper Sandler lowered its price target from $58.00 to $53.00 and set a 'neutral' rating. Eleven analysts have a 'hold' rating, and six have a 'buy' rating. The average rating is 'Hold' with a consensus target price of $58.12.\n\nIn a recent transaction, a director sold 1,333 shares at an average price of $56.29, for a total of $75,034.57. Following the sale, the director directly owned 27,595 shares, valued at approximately $1,553,322.55, representing a 4.61% decrease in ownership. This trade was disclosed in a legal filing with the Securities and Exchange Commission.\n\nCorporate insiders own 2.71% of the company's stock.\n\nMolson Coors Beverage 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, energy drinks, and ready-to-drink beverages.

Entropy Technologies LP Purchases New Position in Molson Coors Beverage Company (NYSE:TAP)

Entropy Technologies LP acquired 14,962 shares of Molson Coors Beverage Company (NYSE:TAP) during the first quarter, valued at approximately $911,000, as reported in the company's Form 13F filing. The stock is currently trading at $50.35 with a market cap of $10.18 billion and a P/E ratio of 9.93. Molson Coors declared a quarterly dividend of $0.47 per share, resulting in an annual yield of 3.7% and a payout ratio of 37.08%. Other institutional investors including LSV Asset Management, Bank of New York Mellon Corp, Dimensional Fund Advisors LP, Deutsche Bank AG, and Northern Trust Corp also adjusted their holdings. The company reported earnings per share of $2.05, exceeding expectations, with revenue of $3.20 billion and a net margin of 7.81%. Analyst ratings have been revised downward by several firms, with the consensus target price now at $58.12 and an average rating of 'Hold'. Corporate insiders have sold shares, reducing their ownership to 2.71% of the company's stock. Molson Coors operates globally, manufacturing and selling beer and malt beverages across the Americas, Europe, the Middle East, Africa, and Asia Pacific.