Recent news reveals noteworthy developments about the Molson Coors Beverage Company Class B (TAP). The company furnished comprehensive details of their 2024 Second Quarter Results as well as a Regular Quarterly Dividend. Despite a slight dip in sales noted in the Q2 Earnings Call, there was robust growth in their overall income. Concurrent to this, influential institutional investors own 82% of the company and Janus Henderson Group PLC maintains a $4.97 million position. Similarly, Bessemer Group Inc. recently purchased 25,958 shares and Vanguard Group Inc lowered their stock holdings.
Despite these movements, Jefferies Financial Group reduced TAP's price target to $57.00. A key element of the corporate strategy for 2023 was introduced, promising accelerated growth and long-term financial objectives. Despite certain recommendations to 'hold' the stock and a downgrade to 'underweight' by Barclays, price targets rose to $58.00 and later to $54.00 at Wells Fargo. Following these results and updates, TAP released a FY24 Earnings Guidance and a quarterly dividend of $0.44 was confirmed.
Molson Coors Beverage Company Class B TAP News Analytics from Sat, 07 Jul 2018 07:00:00 GMT to Fri, 09 Aug 2024 21:00:00 GMT - Rating 6 - Innovation -5 - Information 7 - Rumor -7
