Foster & Motley Inc. Purchases 15,201 Shares of Molson Coors Beverage Company $TAP

Foster & Motley Inc. grew its position in shares of Molson Coors Beverage Company (NYSE:TAP) by 28.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 68,398 shares of the company’s stock after buying an additional 15,201 shares during the quarter. Foster & Motley Inc.’s holdings in Molson Coors Beverage were worth $3,193,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Polianta Ltd purchased a new stake in Molson Coors Beverage during the 3rd quarter valued at $1,543,000. Wilsey Asset Management Inc. raised its stake in shares of Molson Coors Beverage by 4.9% in the third quarter. Wilsey Asset Management Inc. now owns 591,259 shares of the company’s stock worth $26,754,000 after purchasing an additional 27,819 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Molson Coors Beverage by 3.6% during the third quarter. Invesco Ltd. now owns 4,430,544 shares of the company’s stock valued at $200,482,000 after purchasing an additional 152,859 shares in the last quarter. Gamco Investors INC. ET AL lifted its holdings in shares of Molson Coors Beverage by 182.1% during the second quarter. Gamco Investors INC. ET AL now owns 84,290 shares of the company’s stock valued at $4,054,000 after purchasing an additional 54,410 shares in the last quarter. Finally, Capital Management Corp VA boosted its position in shares of Molson Coors Beverage by 38.4% during the third quarter. Capital Management Corp VA now owns 139,657 shares of the company’s stock valued at $6,319,000 after buying an additional 38,754 shares during the last quarter. Institutional investors own 78.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TAP. Wells Fargo & Company reduced their price objective on Molson Coors Beverage from $54.00 to $52.00 and set an “equal weight” rating for the company in a report on Thursday, February 19th. Barclays lowered their target price on shares of Molson Coors Beverage from $47.00 to $40.00 and set an “underweight” rating on the stock in a research note on Wednesday, March 25th. UBS Group set a $52.00 price target on shares of Molson Coors Beverage in a research note on Friday, February 20th. Bank of America cut shares of Molson Coors Beverage from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $50.00 to $42.00 in a report on Wednesday, February 25th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Molson Coors Beverage from $45.00 to $41.00 and set a “hold” rating on the stock in a research report on Monday. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $50.27.

Insider Transactions at Molson Coors Beverage

In other Molson Coors Beverage news, Director Andrew Thomas Molson bought 2,000 shares of Molson Coors Beverage stock in a transaction on Monday, March 9th. The stock was acquired at an average cost of $46.67 per share, with a total value of $93,340.00. Following the completion of the acquisition, the director owned 24,654 shares in the company, valued at approximately $1,150,602.18. This represents a 8.83% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.71% of the company’s stock.

Molson Coors Beverage Stock Up 0.3%

TAP stock opened at $43.06 on Wednesday. The company has a market cap of $8.09 billion, a price-to-earnings ratio of -3.97 and a beta of 0.49. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.42 and a current ratio of 0.55. The business’s 50-day moving average is $47.42 and its two-hundred day moving average is $46.77. Molson Coors Beverage Company has a fifty-two week low of $41.04 and a fifty-two week high of $63.50.

Molson Coors Beverage (NYSE:TAP) last released its quarterly earnings results on Wednesday, February 18th. The company reported $1.21 earnings per share (EPS) for the quarter, beating 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 $2.03 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same period in the previous year, the company posted $1.30 EPS. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. As a group, analysts forecast that Molson Coors Beverage Company will post 6.35 earnings per share for the current year.

Molson Coors Beverage Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, March 6th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 4.5%. This is a positive change from Molson Coors Beverage’s previous quarterly dividend of $0.47. The ex-dividend date was Friday, March 6th. Molson Coors Beverage’s dividend payout ratio (DPR) is presently -17.70%.

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.