Ameritas Investment Partners Inc. Cuts Stake in Molson Coors Beverage Company $TAP

Ameritas Investment Partners Inc. trimmed its stake in Molson Coors Beverage Company (NYSE:TAP) by 61.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,138 shares of the company’s stock after selling 30,920 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Molson Coors Beverage were worth $866,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Caxton Associates LLP acquired a new stake in shares of Molson Coors Beverage during the 1st quarter worth $202,000. United Services Automobile Association acquired a new stake in Molson Coors Beverage during the first quarter worth about $215,000. Woodline Partners LP increased its stake in Molson Coors Beverage by 38.7% during the first quarter. Woodline Partners LP now owns 14,546 shares of the company’s stock worth $885,000 after acquiring an additional 4,056 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Molson Coors Beverage by 32.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 800 shares of the company’s stock valued at $49,000 after purchasing an additional 198 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Molson Coors Beverage by 1.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 32,607 shares of the company’s stock worth $1,568,000 after purchasing an additional 456 shares during the period. Institutional investors and hedge funds own 78.46% of the company’s stock.

Molson Coors Beverage Stock Performance

Shares of NYSE TAP opened at $49.02 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.55 and a debt-to-equity ratio of 0.37. The firm’s 50-day moving average price is $48.99 and its two-hundred day moving average price is $47.84. 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 capitalization of $9.69 billion, a P/E ratio of -4.52 and a beta of 0.48.

Molson Coors Beverage (NYSE:TAP) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.04. Molson Coors Beverage had a positive return on equity of 9.04% and a negative net margin of 16.41%.The business had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.71 billion. During the same period in the prior year, the firm earned $1.30 EPS. The business’s quarterly revenue was down 2.7% on a year-over-year basis. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. As a group, sell-side analysts forecast that Molson Coors Beverage Company will post 6.35 earnings per share for the current year.

Molson Coors Beverage Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, March 6th will be paid a $0.48 dividend. The ex-dividend date is Friday, March 6th. This is an increase from Molson Coors Beverage’s previous quarterly dividend of $0.47. This represents a $1.92 annualized dividend and a dividend yield of 3.9%. Molson Coors Beverage’s dividend payout ratio (DPR) is -17.33%.

Analysts Set New Price Targets

TAP has been the topic of a number of recent research reports. Wells Fargo & Company reduced their price target on shares of Molson Coors Beverage from $54.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 19th. Piper Sandler cut their target price on shares of Molson Coors Beverage from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Thursday, February 19th. BNP Paribas Exane cut shares of Molson Coors Beverage from a “hold” rating to a “strong sell” rating and set a $40.00 price target for the company. in a research report on Friday, January 16th. Barclays reiterated an “underweight” rating and issued a $49.00 price target on shares of Molson Coors Beverage in a report on Friday, January 16th. Finally, Roth Mkm set a $58.00 target price on Molson Coors Beverage in a research report on Thursday, February 19th. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $51.35.

About Molson Coors Beverage

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.