Molson Coors Beverage Company $TAP Shares Sold by Procyon Advisors LLC

Procyon Advisors LLC cut its position in shares of Molson Coors Beverage Company (NYSE:TAP) by 62.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,372 shares of the company’s stock after selling 12,230 shares during the quarter. Procyon Advisors LLC’s holdings in Molson Coors Beverage were worth $344,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of TAP. Dodge & Cox lifted its stake in shares of Molson Coors Beverage by 29.4% during the third quarter. Dodge & Cox now owns 18,631,224 shares of the company’s stock valued at $843,063,000 after buying an additional 4,235,029 shares during the period. State Street Corp boosted its position in Molson Coors Beverage by 19.2% during the third quarter. State Street Corp now owns 10,516,810 shares of the company’s stock worth $475,886,000 after acquiring an additional 1,693,682 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Molson Coors Beverage by 22.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 6,425,043 shares of the company’s stock worth $290,741,000 after acquiring an additional 1,195,249 shares during the period. Invesco Ltd. grew its stake in Molson Coors Beverage by 3.6% in the 3rd quarter. Invesco Ltd. now owns 4,430,544 shares of the company’s stock worth $200,482,000 after acquiring an additional 152,859 shares during the period. Finally, Norges Bank acquired a new position in Molson Coors Beverage in the 2nd quarter valued at $134,289,000. Institutional investors and hedge funds own 78.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Barclays reissued an “underweight” rating and set a $49.00 price target on shares of Molson Coors Beverage in a research note on Friday, January 16th. Jefferies Financial Group set a $45.00 target price on Molson Coors Beverage in a research note on Thursday, February 19th. Roth Mkm set a $58.00 target price on Molson Coors Beverage in a research report on Thursday, February 19th. Wells Fargo & Company decreased their price target on Molson Coors Beverage from $54.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 19th. Finally, Bank of America cut Molson Coors Beverage from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $50.00 to $42.00 in a report on Wednesday, February 25th. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $51.35.

Insider Buying and Selling

In other news, Director Andrew Thomas Molson acquired 2,000 shares of the business’s stock in a transaction dated Monday, March 9th. The shares were bought at an average cost of $46.67 per share, for a total transaction of $93,340.00. Following the acquisition, the director directly owned 24,654 shares in the company, valued at $1,150,602.18. This trade represents a 8.83% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.71% of the stock is owned by corporate insiders.

Molson Coors Beverage Stock Down 2.0%

Shares of TAP opened at $41.12 on Wednesday. Molson Coors Beverage Company has a fifty-two week low of $41.09 and a fifty-two week high of $63.50. The company’s fifty day moving average is $48.14 and its two-hundred day moving average is $47.01. The firm has a market cap of $7.73 billion, a PE ratio of -3.79 and a beta of 0.49. The company has a quick ratio of 0.42, a current ratio of 0.55 and a debt-to-equity ratio of 0.37.

Molson Coors Beverage (NYSE:TAP) last released its quarterly earnings data on Wednesday, February 18th. The company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.04. The business had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.71 billion. Molson Coors Beverage had a positive return on equity of 9.04% and a negative net margin of 16.41%.The business’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.30 EPS. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. 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 was paid on Friday, March 20th. Shareholders of record on Friday, March 6th were paid a dividend of $0.48 per share. This is a boost from Molson Coors Beverage’s previous quarterly dividend of $0.47. This represents a $1.92 annualized dividend and a yield of 4.7%. The ex-dividend date was Friday, March 6th. Molson Coors Beverage’s payout ratio is currently -17.70%.

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.