Exchange Traded Concepts LLC Increases Stock Holdings in Molson Coors Beverage Company $TAP

Exchange Traded Concepts LLC boosted its position in shares of Molson Coors Beverage Company (NYSE:TAP) by 75.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,925 shares of the company’s stock after buying an additional 19,324 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Molson Coors Beverage were worth $2,097,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Root Financial Partners LLC purchased a new position in shares of Molson Coors Beverage during the third quarter valued at $25,000. GoalVest Advisory LLC acquired a new position in shares of Molson Coors Beverage during the fourth quarter valued at about $25,000. Smartleaf Asset Management LLC grew its position in Molson Coors Beverage by 64.2% during 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. IFP Advisors Inc grew its position in Molson Coors Beverage by 134.2% during the 3rd quarter. IFP Advisors Inc now owns 787 shares of the company’s stock worth $38,000 after purchasing an additional 451 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Molson Coors Beverage by 32.9% during the first 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. 78.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TAP. Piper Sandler cut their target price 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. BNP Paribas Exane lowered 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. Weiss Ratings reissued a “sell (d)” rating on shares of Molson Coors Beverage in a report on Friday, March 27th. Wells Fargo & Company dropped their target price on Molson Coors Beverage from $54.00 to $52.00 and set an “equal weight” rating on the stock in a report on Thursday, February 19th. Finally, Barclays decreased their target price on shares of Molson Coors Beverage from $47.00 to $40.00 and set an “underweight” rating for the company in a research note on Wednesday, March 25th. Four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Molson Coors Beverage presently has an average rating of “Reduce” and an average target price of $48.12.

Molson Coors Beverage Stock Down 0.4%

Molson Coors Beverage stock opened at $42.88 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.55 and a quick ratio of 0.42. The business has a 50 day simple moving average of $47.27 and a 200-day simple moving average of $46.75. The stock has a market capitalization of $8.06 billion, a PE ratio of -3.95 and a beta of 0.50. Molson Coors Beverage Company has a 12 month low of $41.04 and a 12 month high of $63.50.

Molson Coors Beverage (NYSE:TAP) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.04. The business had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.71 billion. Molson Coors Beverage had a negative net margin of 16.41% and a positive return on equity of 9.04%. The company’s revenue was down 2.7% compared to the same quarter last year. During the same period last year, the firm posted $1.30 earnings per share. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. On average, analysts anticipate that Molson Coors Beverage Company will post 6.35 EPS for the current fiscal year.

Molson Coors Beverage Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Friday, March 6th were paid a $0.48 dividend. This is a boost from Molson Coors Beverage’s previous quarterly dividend of $0.47. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was Friday, March 6th. Molson Coors Beverage’s dividend payout ratio is presently -17.70%.

Insider Activity

In other news, Director Andrew Thomas Molson purchased 2,000 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was purchased at an average cost of $46.67 per share, for a total transaction of $93,340.00. Following the completion of the transaction, the director owned 24,654 shares of the company’s stock, valued at $1,150,602.18. This trade represents a 8.83% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 2.71% of the stock is owned by corporate insiders.

Molson Coors Beverage 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.