Molson Coors Beverage (NYSE:TAP.A) Shares Up 1.1% – Still a Buy?

Shares of Molson Coors Beverage (NYSE:TAP.A) were up 1.1% during trading on Tuesday . The company traded as high as $57.55 and last traded at $57.55. Approximately 900 shares traded hands during trading, a decline of 40% from the average daily volume of 1,500 shares. The stock had previously closed at $56.95.

Molson Coors Beverage Trading Up 1.1 %

The stock’s 50-day moving average price is $59.48 and its 200 day moving average price is $58.85.

Molson Coors Beverage (NYSE:TAP.A) last released its quarterly earnings data on Thursday, November 7th. The company reported $1.80 earnings per share (EPS) for the quarter. The firm had revenue of $3.04 billion for the quarter.

Molson Coors Beverage Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend was Friday, December 6th. Molson Coors Beverage’s payout ratio is 72.13%.

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.