Clarkston Capital Partners LLC Reduces Stake in Molson Coors Beverage Company $TAP

Clarkston Capital Partners LLC trimmed its holdings in Molson Coors Beverage Company (NYSE:TAP) by 6.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,363,760 shares of the company’s stock after selling 238,015 shares during the quarter. Molson Coors Beverage accounts for 3.3% of Clarkston Capital Partners LLC’s portfolio, making the stock its 7th largest holding. Clarkston Capital Partners LLC owned approximately 1.70% of Molson Coors Beverage worth $152,210,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Root Financial Partners LLC acquired a new position in Molson Coors Beverage during the 3rd quarter valued at $25,000. Clearstead Trust LLC grew its position in Molson Coors Beverage by 952.8% in the 2nd quarter. Clearstead Trust LLC now owns 558 shares of the company’s stock worth $27,000 after purchasing an additional 505 shares during the last quarter. Smartleaf Asset Management LLC grew its position in Molson Coors Beverage by 64.2% in the 2nd quarter. Smartleaf Asset Management LLC now owns 565 shares of the company’s stock worth $27,000 after purchasing an additional 221 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of 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 purchasing an additional 198 shares during the period. Finally, Huntington National Bank increased its holdings in shares of Molson Coors Beverage by 45.8% during the 3rd quarter. Huntington National Bank now owns 1,165 shares of the company’s stock worth $53,000 after purchasing an additional 366 shares during the period. Institutional investors and hedge funds own 78.46% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on TAP. Wells Fargo & Company reduced their target price on shares of Molson Coors Beverage from $54.00 to $52.00 and set an “equal weight” rating for the company in a research note on Thursday, February 19th. Weiss Ratings restated a “sell (d)” rating on shares of Molson Coors Beverage in a research note on Monday, December 29th. TD Cowen cut their price target on Molson Coors Beverage from $47.00 to $43.00 and set a “hold” rating for the company in a report on Friday, February 20th. Bank of America downgraded Molson Coors Beverage from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $50.00 to $42.00 in a research report on Wednesday, February 25th. Finally, Piper Sandler lowered their price objective on Molson Coors Beverage from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Thursday, February 19th. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $51.35.

Molson Coors Beverage Stock Performance

NYSE TAP opened at $46.63 on Monday. Molson Coors Beverage Company has a twelve month low of $42.94 and a twelve month high of $64.66. 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 stock has a market cap of $8.76 billion, a P/E ratio of -4.30 and a beta of 0.49. The company’s 50-day simple moving average is $49.11 and its 200 day simple moving average is $47.65.

Molson Coors Beverage (NYSE:TAP) last released its quarterly earnings data on Wednesday, February 18th. The company reported $1.21 earnings per share 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 company had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same period in the previous year, the business earned $1.30 earnings per share. The company’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, research analysts forecast that Molson Coors Beverage Company will post 6.35 earnings per share for the current fiscal year.

Molson Coors Beverage Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, March 6th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 4.1%. This is a positive change from Molson Coors Beverage’s previous quarterly dividend of $0.47. The ex-dividend date is Friday, March 6th. Molson Coors Beverage’s dividend payout ratio (DPR) is currently -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.