Pacer Advisors Inc. Has $364,000 Position in Molson Coors Beverage Company $TAP

Pacer Advisors Inc. cut its holdings in Molson Coors Beverage Company (NYSE:TAP) by 99.1% during the first quarter, Holdings Channel.com reports. The fund owned 8,462 shares of the company’s stock after selling 899,704 shares during the period. Pacer Advisors Inc.’s holdings in Molson Coors Beverage were worth $364,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. State Street Corp raised its position in shares of Molson Coors Beverage by 19.2% during the 3rd quarter. State Street Corp now owns 10,516,810 shares of the company’s stock valued at $475,886,000 after acquiring an additional 1,693,682 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Molson Coors Beverage by 10.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,363,157 shares of the company’s stock worth $360,117,000 after purchasing an additional 790,314 shares during the last quarter. Invesco Ltd. grew its stake in shares of Molson Coors Beverage by 1.2% during the fourth quarter. Invesco Ltd. now owns 4,485,000 shares of the company’s stock worth $209,360,000 after purchasing an additional 54,456 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Molson Coors Beverage by 16.4% during the first quarter. Bank of New York Mellon Corp now owns 3,326,427 shares of the company’s stock worth $143,236,000 after purchasing an additional 469,607 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in Molson Coors Beverage by 265.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,922,022 shares of the company’s stock valued at $136,400,000 after purchasing an additional 2,122,085 shares during the last quarter. Institutional investors and hedge funds own 78.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft set a $41.00 target price on Molson Coors Beverage in a report on Wednesday, July 22nd. Wall Street Zen downgraded shares of Molson Coors Beverage from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Barclays reduced their price objective on shares of Molson Coors Beverage from $43.00 to $41.00 and set an “underweight” rating on the stock in a research note on Friday, May 1st. The Goldman Sachs Group boosted their price target on shares of Molson Coors Beverage from $48.00 to $50.00 in a report on Friday, May 1st. Finally, Jefferies Financial Group decreased their target price on Molson Coors Beverage from $43.00 to $41.00 in a research note on Friday, June 12th. Four research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Molson Coors Beverage has a consensus rating of “Hold” and a consensus target price of $44.18.

Molson Coors Beverage Stock Down 1.2%

Shares of TAP stock opened at $41.99 on Wednesday. The firm has a fifty day moving average of $40.48 and a 200-day moving average of $43.50. Molson Coors Beverage Company has a 12-month low of $38.04 and a 12-month high of $54.82. The company has a market capitalization of $7.88 billion, a price-to-earnings ratio of -3.64 and a beta of 0.42. The company has a quick ratio of 0.72, a current ratio of 0.88 and a debt-to-equity ratio of 0.55.

Molson Coors Beverage (NYSE:TAP) last issued its quarterly earnings results on Thursday, August 6th. The company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.07. Molson Coors Beverage had a positive return on equity of 9.46% and a negative net margin of 17.83%.The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same period in the previous year, the company posted $2.05 earnings per share. The company’s quarterly revenue was down 3.3% 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, equities research analysts predict that Molson Coors Beverage Company will post 4.82 earnings per share for the current fiscal year.

Molson Coors Beverage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 28th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Friday, August 28th. Molson Coors Beverage’s dividend payout ratio is currently -16.64%.

Insider Buying and Selling at Molson Coors Beverage

In other news, Director Geoffrey E. Molson sold 1,245 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $42.50, for a total value of $52,912.50. Following the completion of the transaction, the director owned 9,871 shares in the company, valued at $419,517.50. This trade represents a 11.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.27% of the stock is owned by insiders.

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.