US Bancorp DE Has $788,000 Stake in Molson Coors Beverage Company $TAP

US Bancorp DE trimmed its position in shares of Molson Coors Beverage Company (NYSE:TAP) by 19.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,383 shares of the company’s stock after selling 3,943 shares during the period. US Bancorp DE’s holdings in Molson Coors Beverage were worth $788,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Twin Capital Management Inc. boosted its stake in shares of Molson Coors Beverage by 0.7% in the 1st quarter. Twin Capital Management Inc. now owns 24,791 shares of the company’s stock valued at $1,509,000 after purchasing an additional 180 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in Molson Coors Beverage by 32.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 800 shares of the company’s stock worth $49,000 after buying an additional 198 shares during the period. Signet Financial Management LLC lifted its position in shares of Molson Coors Beverage by 3.7% in the 2nd quarter. Signet Financial Management LLC now owns 5,757 shares of the company’s stock worth $277,000 after purchasing an additional 208 shares during the period. Callan Family Office LLC lifted its position in shares of Molson Coors Beverage by 5.0% in the 1st quarter. Callan Family Office LLC now owns 4,426 shares of the company’s stock worth $269,000 after purchasing an additional 209 shares during the period. Finally, Millstone Evans Group LLC lifted its position in shares of Molson Coors Beverage by 151.8% in the 1st quarter. Millstone Evans Group LLC now owns 423 shares of the company’s stock worth $26,000 after purchasing an additional 255 shares during the period. 78.46% of the stock is currently owned by institutional investors and hedge funds.

Molson Coors Beverage Stock Performance

NYSE TAP opened at $47.43 on Friday. Molson Coors Beverage Company has a 1 year low of $43.80 and a 1 year high of $64.66. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.95 and a quick ratio of 0.67. The firm has a market cap of $9.38 billion, a price-to-earnings ratio of 9.36, a PEG ratio of 1.73 and a beta of 0.63. The company has a fifty day moving average price of $48.34 and a 200-day moving average price of $51.61.

Molson Coors Beverage (NYSE:TAP) last posted its earnings results on Tuesday, August 5th. The company reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.22. Molson Coors Beverage had a net margin of 7.81% and a return on equity of 8.61%. The firm had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.12 billion. During the same quarter in the prior year, the business posted $1.92 EPS. The business’s revenue was down 1.6% compared to the same quarter last year. Molson Coors Beverage has set its FY 2025 guidance at 5.360-5.540 EPS. As a group, equities research analysts predict that Molson Coors Beverage Company will post 6.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TAP. JPMorgan Chase & Co. dropped their price target on shares of Molson Coors Beverage from $62.00 to $53.00 and set a “neutral” rating on the stock in a research report on Thursday, July 31st. Evercore ISI lowered their price objective on shares of Molson Coors Beverage from $58.00 to $53.00 and set an “outperform” rating for the company in a research note on Wednesday, August 6th. Sanford C. Bernstein lowered their price objective on shares of Molson Coors Beverage from $65.00 to $55.00 and set a “market perform” rating for the company in a research note on Wednesday, July 9th. Citigroup lowered their price objective on shares of Molson Coors Beverage from $51.00 to $49.00 and set a “neutral” rating for the company in a research note on Thursday, October 9th. Finally, Barclays restated an “underweight” rating and set a $50.00 price target (up previously from $49.00) on shares of Molson Coors Beverage in a research note on Friday, September 12th. Six investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Molson Coors Beverage currently has an average rating of “Hold” and an average price target of $56.62.

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, spirits and energy, and ready to drink beverages.