Butensky & Cohen Financial Security Inc. Sells 19,243 Shares of Molson Coors Beverage Company $TAP

Butensky & Cohen Financial Security Inc. lessened its holdings in shares of Molson Coors Beverage Company (NYSE:TAP) by 23.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,774 shares of the company’s stock after selling 19,243 shares during the quarter. Butensky & Cohen Financial Security Inc.’s holdings in Molson Coors Beverage were worth $2,446,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Caxton Associates LLP purchased a new stake in shares of Molson Coors Beverage in the 1st quarter worth $202,000. United Services Automobile Association purchased a new position in Molson Coors Beverage during the first quarter valued at $215,000. Woodline Partners LP lifted its position in Molson Coors Beverage by 38.7% during the first quarter. Woodline Partners LP now owns 14,546 shares of the company’s stock valued at $885,000 after purchasing an additional 4,056 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in Molson Coors Beverage by 32.9% during the first quarter. Geneos Wealth Management Inc. now owns 800 shares of the company’s stock valued at $49,000 after purchasing an additional 198 shares during the period. Finally, First Trust Advisors LP grew its holdings in Molson Coors Beverage by 4.7% during the second quarter. First Trust Advisors LP now owns 413,578 shares of the company’s stock valued at $19,889,000 after purchasing an additional 18,566 shares during the period. Institutional investors own 78.46% of the company’s stock.

Molson Coors Beverage Trading Down 1.2%

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

Molson Coors Beverage (NYSE:TAP) last posted 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 business had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.08 billion. During the same period last year, the firm earned $2.05 earnings per share. The business’s quarterly revenue was down 3.3% on a year-over-year basis. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. On average, sell-side analysts anticipate that Molson Coors Beverage Company will post 4.82 earnings per share for the current fiscal year.

Molson Coors Beverage Announces Dividend

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

Insider Transactions at Molson Coors Beverage

In related news, Director Geoffrey E. Molson sold 1,245 shares of Molson Coors Beverage stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $42.50, for a total transaction of $52,912.50. Following the sale, the director owned 9,871 shares of the company’s stock, valued at approximately $419,517.50. This trade represents a 11.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.27% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Barclays decreased their price objective on 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. Wall Street Zen downgraded Molson Coors Beverage from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. JPMorgan Chase & Co. boosted their price objective on Molson Coors Beverage from $41.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday. Jefferies Financial Group reduced their target price on shares of Molson Coors Beverage from $43.00 to $41.00 in a report on Friday, June 12th. Finally, Evercore decreased their target price on shares of Molson Coors Beverage from $50.00 to $47.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 21st. Four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $44.18.

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.