Robeco Institutional Asset Management B.V. Sells 193,643 Shares of Molson Coors Beverage Company $TAP

Robeco Institutional Asset Management B.V. reduced its stake in shares of Molson Coors Beverage Company (NYSE:TAP) by 16.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 992,868 shares of the company’s stock after selling 193,643 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Molson Coors Beverage were worth $36,210,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in Molson Coors Beverage by 10.4% in the first quarter. Dimensional Fund Advisors LP now owns 8,363,157 shares of the company’s stock valued at $360,117,000 after acquiring an additional 790,314 shares in the last quarter. Bank of New York Mellon Corp increased its position 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 in the last quarter. Nykredit A S acquired a new stake in shares of Molson Coors Beverage during the second quarter worth about $58,423,000. Squarepoint Ops LLC increased its position in shares of Molson Coors Beverage by 8.1% during the second quarter. Squarepoint Ops LLC now owns 1,190,275 shares of the company’s stock worth $46,373,000 after purchasing an additional 89,398 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Molson Coors Beverage by 36.5% in the 1st 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 during the last quarter. Institutional investors and hedge funds own 78.46% of the company’s stock.

Molson Coors Beverage Price Performance

Molson Coors Beverage stock opened at $41.77 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.88 and a quick ratio of 0.72. The business has a 50 day simple moving average of $39.19 and a 200-day simple moving average of $40.63. Molson Coors Beverage Company has a 12 month low of $35.52 and a 12 month high of $54.82. The stock has a market capitalization of $8.75 billion, a PE ratio of -3.62 and a beta of 0.43.

Molson Coors Beverage (NYSE:TAP) last posted its quarterly earnings data on Thursday, August 6th. The company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.07. The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.08 billion. Molson Coors Beverage had a negative net margin of 17.83% and a positive return on equity of 9.46%. Molson Coors Beverage’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period last year, the firm posted $2.05 EPS. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. Equities analysts predict that Molson Coors Beverage Company will post 4.79 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TAP. Barclays dropped their price target on Molson Coors Beverage from $41.00 to $36.00 and set an “underweight” rating on the stock in a research note on Friday, October 16th. Piper Sandler reduced their price objective on 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. Citigroup decreased their price objective on Molson Coors Beverage from $42.00 to $40.00 and set a “neutral” rating for the company in a report on Wednesday, October 14th. TD Cowen lowered their target price on shares of Molson Coors Beverage from $43.00 to $37.00 and set a “hold” rating on the stock in a research report on Tuesday, October 13th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 target price on shares of Molson Coors Beverage in a report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $43.12.

About Molson Coors Beverage

Molson Coors Beverage Company is a global beverage company best known for brewing and marketing beer. Its portfolio includes widely recognized brands such as Coors, Coors Light, Miller Lite, Miller High Life, Molson Canadian, Carling, Blue Moon, Staropramen and Peroni Nastro Azzurro, along with hard seltzers, flavored alcoholic beverages and other adjacent products.

The company serves consumers through a broad network of breweries, distributors and retailers across North America, Europe and other international markets.