Molson Coors Beverage Company $TAP Stake Boosted by Foster & Motley Inc.

Foster & Motley Inc. boosted its stake in shares of Molson Coors Beverage Company (NYSE:TAP) by 29.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 53,197 shares of the company’s stock after buying an additional 11,971 shares during the period. Foster & Motley Inc.’s holdings in Molson Coors Beverage were worth $2,407,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of TAP. EP Wealth Advisors LLC acquired a new stake in shares of Molson Coors Beverage during the first quarter valued at approximately $200,000. Alliancebernstein L.P. raised its stake in Molson Coors Beverage by 21.0% during the 1st quarter. Alliancebernstein L.P. now owns 282,735 shares of the company’s stock valued at $17,210,000 after purchasing an additional 49,133 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Molson Coors Beverage by 19.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 71,612 shares of the company’s stock valued at $4,359,000 after purchasing an additional 11,678 shares in the last quarter. UniSuper Management Pty Ltd lifted its holdings in shares of Molson Coors Beverage by 4.8% in the first quarter. UniSuper Management Pty Ltd now owns 32,702 shares of the company’s stock valued at $1,991,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Molson Coors Beverage by 31.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,565,377 shares of the company’s stock worth $95,284,000 after buying an additional 373,501 shares during the period. 78.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Molson Coors Beverage

In related news, Director Andrew Thomas Molson purchased 7,500 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was bought at an average price of $46.79 per share, for a total transaction of $350,925.00. Following the purchase, the director owned 22,654 shares in the company, valued at $1,059,980.66. The trade was a 49.49% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director David S. Coors acquired 2,245 shares of the stock in a transaction dated Wednesday, November 5th. The shares were bought at an average cost of $44.47 per share, for a total transaction of $99,835.15. Following the acquisition, the director owned 30,586 shares in the company, valued at $1,360,159.42. The trade was a 7.92% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 2.71% of the company’s stock.

Molson Coors Beverage Trading Up 2.8%

Shares of NYSE TAP opened at $47.24 on Friday. The business has a 50 day simple moving average of $46.30 and a 200 day simple moving average of $47.72. Molson Coors Beverage Company has a 52 week low of $42.94 and a 52 week high of $64.66. The stock has a market cap of $9.34 billion, a price-to-earnings ratio of -4.42 and a beta of 0.45. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.45 and a current ratio of 0.60.

Molson Coors Beverage (NYSE:TAP) last posted its earnings results on Tuesday, November 4th. The company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.05). Molson Coors Beverage had a negative net margin of 15.89% and a positive return on equity of 8.78%. The business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $3.02 billion. Molson Coors Beverage has set its FY 2025 guidance at 5.360-5.360 EPS. On average, research analysts predict that Molson Coors Beverage Company will post 6.35 earnings per share for the current fiscal year.

Molson Coors Beverage Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were issued a $0.47 dividend. The ex-dividend date was Friday, December 5th. This represents a $1.88 dividend on an annualized basis and a yield of 4.0%. Molson Coors Beverage’s dividend payout ratio is currently -17.60%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TAP. Barclays reduced their price objective on Molson Coors Beverage from $46.00 to $45.00 and set an “underweight” rating for the company in a research note on Thursday, November 6th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $50.00 target price (down previously from $53.00) on shares of Molson Coors Beverage in a report on Wednesday, November 19th. Zacks Research upgraded shares of Molson Coors Beverage from a “strong sell” rating to a “hold” rating in a report on Friday, November 14th. Needham & Company LLC lowered their price objective on shares of Molson Coors Beverage from $58.00 to $54.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Finally, Jefferies Financial Group cut their target price on shares of Molson Coors Beverage from $51.00 to $48.00 and set a “hold” rating for the company in a research report on Tuesday, November 4th. Five analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Molson Coors Beverage presently has an average rating of “Hold” and an average target price of $53.59.

Molson Coors Beverage Company Profile

Molson Coors Beverage Company is a leading multinational brewing and beverage enterprise formed through the 2005 merger of Canada’s Molson and the United States’ Coors. The company develops, markets and distributes an array of alcoholic and non-alcoholic beverages, focusing primarily on beer and ready-to-drink products. Its portfolio spans flagship brands such as Coors Light, Molson Canadian and Miller Lite, alongside craft-style offerings like Blue Moon and global imports including Carling and Staropramen.

In addition to its core beer business, Molson Coors has expanded into adjacent categories to capture evolving consumer tastes.