NewEdge Advisors LLC Increases Stake in Molson Coors Beverage Company $TAP

NewEdge Advisors LLC raised its holdings in shares of Molson Coors Beverage Company (NYSE:TAP) by 2,241.1% in the first quarter, Holdings Channel.com reports. The institutional investor owned 24,137 shares of the company’s stock after purchasing an additional 23,106 shares during the quarter. NewEdge Advisors LLC’s holdings in Molson Coors Beverage were worth $1,039,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Financial Solutions Advisory Group Inc. purchased a new stake in Molson Coors Beverage during the 1st quarter valued at about $1,086,000. Bank of America Corp DE grew its position in shares of Molson Coors Beverage by 36.5% in the first quarter. Bank of America Corp DE now owns 1,187,921 shares of the company’s stock valued at $51,152,000 after purchasing an additional 317,387 shares in the last quarter. Kentucky Retirement Systems increased its holdings in shares of Molson Coors Beverage by 24.0% in the first quarter. Kentucky Retirement Systems now owns 13,054 shares of the company’s stock valued at $562,000 after purchasing an additional 2,523 shares during the last quarter. Janus Henderson Group PLC lifted its position in Molson Coors Beverage by 3.2% during the first quarter. Janus Henderson Group PLC now owns 123,095 shares of the company’s stock worth $5,301,000 after buying an additional 3,848 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its holdings in Molson Coors Beverage by 29.4% in the 1st quarter. Arkadios Wealth Advisors now owns 14,009 shares of the company’s stock valued at $603,000 after buying an additional 3,181 shares in the last quarter. 78.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on TAP shares. Evercore reduced their price target on Molson Coors Beverage from $50.00 to $47.00 and set an “outperform” rating on the stock in a report on Tuesday, April 21st. Jefferies Financial Group cut their price objective on shares of Molson Coors Beverage from $43.00 to $41.00 in a research report on Friday, June 12th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Molson Coors Beverage in a research note on Wednesday, June 24th. The Goldman Sachs Group boosted their target price on shares of Molson Coors Beverage from $48.00 to $50.00 in a report on Friday, May 1st. Finally, Piper Sandler dropped their price target on shares of Molson Coors Beverage from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Friday, August 7th. Four 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. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $44.18.

Insider Activity

In other news, Director Geoffrey E. Molson sold 1,245 shares of the stock in a transaction dated Thursday, May 21st. The shares were 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 represents a 11.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.27% of the company’s stock.

Molson Coors Beverage Trading Down 4.7%

TAP opened at $40.77 on Tuesday. Molson Coors Beverage Company has a 52 week low of $38.04 and a 52 week high of $54.82. The business has a fifty day simple moving average of $40.71 and a 200-day simple moving average of $43.29. The firm has a market cap of $7.65 billion, a P/E ratio of -3.53 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 posted its quarterly earnings data on Thursday, August 6th. The company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.08 billion. During the same quarter in the previous year, the business earned $2.05 EPS. 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. On average, equities analysts expect that Molson Coors Beverage Company will post 4.81 earnings per share for the current year.

Molson Coors Beverage Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, August 28th will be paid a dividend of $0.48 per share. The ex-dividend date is Friday, August 28th. This represents a $1.92 dividend on an annualized basis and a yield of 4.7%. Molson Coors Beverage’s dividend payout ratio is -16.64%.

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.