Molson Coors Beverage (NYSE:TAP.A) Stock Price Up 3.3% – Still a Buy?

Shares of Molson Coors Beverage (NYSE:TAP.A) rose 3.3% during mid-day trading on Thursday . The company traded as high as $65.82 and last traded at $62.50. Approximately 140 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 935 shares. The stock had previously closed at $60.50.

Molson Coors Beverage Trading Up 3.3 %

The firm’s fifty day simple moving average is $59.21 and its 200 day simple moving average is $58.71.

Molson Coors Beverage (NYSE:TAP.A) last issued its quarterly earnings data on Thursday, February 13th. The company reported $1.30 earnings per share for the quarter. The company had revenue of $2.74 billion for the quarter.

Molson Coors Beverage Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Thursday, February 27th were given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend was Thursday, February 27th. This is a boost from Molson Coors Beverage’s previous quarterly dividend of $0.44. Molson Coors Beverage’s payout ratio is 77.05%.

Molson Coors Beverage Company Profile

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, and ready to drink beverages. It provides its products under Aspall Cider, Blue Moon, Coors Original, Hop Valley brands, Leinenkugel's, Miller Genuine Draft, Molson Ultra, Sharp's, Staropramen, and Vizzy Hard Seltzer above premier brands; Bergenbier, Borsodi, Carling, Coors Banquet, Coors Light, Jelen, Kamenitza, Miller Lite, Molson Canadian Lager, Molson Dry, Molson Export, and Niksicko, Ozujsko under the premium brands; and Branik, Icehouse, Keystone, Miller High Life, Milwaukee's Best, and Steel Reserve under the economy brands.