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Catalyst Capital Advisors LLC and SRS Capital Advisors Inc. both increased their stakes in Molson Coors Beverage, with each owning 726 and 729 shares valued at $42,000, respectively. Institutional investors hold 78.46% of the stock, while analysts have given it a "Hold" rating, with a price target cut to $61.00 by Barclays. The company reported earnings of $1.30 per share, exceeding estimates, and has a market cap of $12.27 billion.
BNP Paribas Exane has lowered its price target for Molson Coors Beverage Company to $60 from $64 while maintaining a neutral rating. The company, known for brands like Coors Light and Miller Lite, operates 22 production sites globally, with net sales primarily from the U.S. (68.9%), followed by the U.K. (11.2%) and Canada (10.5%).
Catalyst Capital Advisors LLC increased its stake in Molson Coors Beverage by 143.6% in Q4, now holding 726 shares valued at $42,000. Institutional investors own 78.46% of the stock, which has a "Hold" rating from analysts, with a consensus target price of $62.73. Recent trading saw shares rise to $60.33, with a market cap of $12.43 billion.
Molson Coors Beverage Company, known for brands like Coors Light, Miller Lite, and Blue Moon, has received a neutral rating from UBS. The company operates 22 production sites globally, with net sales primarily from the United States (68.9%), followed by the United Kingdom (11.2%) and Canada (10.5%). Additionally, it is expanding its portfolio by producing beers under sublicense for brands such as Heineken and Corona Extra.
Wall Street experienced a sharp decline on January 13, 2025, with all major indexes closing in the red amid fears of slower rate cuts by the central bank following strong job growth data. The Dow Jones fell 1.6%, the Nasdaq Composite lost 1.6%, and the S&P 500 dropped 1.5%. The labor market's resilience, highlighted by a 256,000 increase in nonfarm payrolls for December, raised concerns about a hawkish Fed response, leading to a second consecutive week of losses for the major indexes.
Walmart is scaling back its diversity, equity, and inclusion (DEI) initiatives, including removing some LGBTQ merchandise from its website and winding down its Center for Racial Equity. The company will no longer allow third-party sellers to offer certain LGBTQ-themed items and has ceased sharing data with LGBTQ advocacy groups. These changes come amid pressure from conservative activists and follow the U.S. Supreme Court's decision to strike down affirmative action programs.
The Wall Street rally following Donald Trump's election victory paused, with the S&P 500 and Dow poised for muted openings after a strong week. The Federal Reserve's recent interest rate cut and positive economic outlook from Chairman Jerome Powell added to the market's mixed sentiment.Bank of America downgraded Rivian to neutral, citing concerns over regulatory credits under a potential Trump administration, despite Rivian's optimistic earnings report. Meanwhile, Molson Coors received a double-upgrade from Wells Fargo after a strong quarter, raising questions about a potential resurgence in the struggling beer market.
Molson Coors Beverage Company
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molson coors beverage stock sees increased institutional investment and mixed analyst ratings
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