Molson Coors Beverage Company $TAP Shares Purchased by Quantbot Technologies LP

Quantbot Technologies LP boosted its position in shares of Molson Coors Beverage Company (NYSE:TAP) by 163.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 50,871 shares of the company’s stock after acquiring an additional 31,585 shares during the period. Quantbot Technologies LP’s holdings in Molson Coors Beverage were worth $2,302,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TAP. Vanguard Group Inc. boosted its stake in shares of Molson Coors Beverage by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 21,208,854 shares of the company’s stock worth $1,019,934,000 after acquiring an additional 92,058 shares in the last quarter. Dodge & Cox raised its holdings in Molson Coors Beverage by 2.3% in the 2nd quarter. Dodge & Cox now owns 14,396,195 shares of the company’s stock worth $692,313,000 after purchasing an additional 327,885 shares during the period. Geode Capital Management LLC raised its holdings in Molson Coors Beverage by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 4,486,791 shares of the company’s stock worth $214,860,000 after purchasing an additional 61,060 shares during the period. Invesco Ltd. boosted its position in Molson Coors Beverage by 17.2% during the second quarter. Invesco Ltd. now owns 4,277,685 shares of the company’s stock worth $205,714,000 after purchasing an additional 626,639 shares in the last quarter. Finally, Norges Bank acquired a new stake in Molson Coors Beverage in the second quarter valued at approximately $134,289,000. Hedge funds and other institutional investors own 78.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Bank of America downgraded Molson Coors Beverage from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $50.00 to $42.00 in a research note on Wednesday, February 25th. Barclays restated an “underweight” rating and set a $49.00 price objective on shares of Molson Coors Beverage in a research report on Friday, January 16th. BNP Paribas Exane downgraded shares of Molson Coors Beverage from a “hold” rating to a “strong sell” rating and set a $40.00 price objective on the stock. in a report on Friday, January 16th. Zacks Research cut shares of Molson Coors Beverage from a “hold” rating to a “strong sell” rating in a research note on Friday, February 20th. Finally, Piper Sandler decreased their price target on shares of Molson Coors Beverage from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Thursday, February 19th. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $51.35.

Molson Coors Beverage Price Performance

Shares of NYSE TAP opened at $48.06 on Wednesday. The firm has a 50-day simple moving average of $49.07 and a 200-day simple moving average of $47.74. The company has a quick ratio of 0.42, a current ratio of 0.55 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $9.03 billion, a price-to-earnings ratio of -4.43 and a beta of 0.49. Molson Coors Beverage Company has a 52 week low of $42.94 and a 52 week high of $64.66.

Molson Coors Beverage (NYSE:TAP) last posted its quarterly earnings results on Wednesday, February 18th. The company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.04. The firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.71 billion. Molson Coors Beverage had a negative net margin of 16.41% and a positive return on equity of 9.04%. Molson Coors Beverage’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.30 earnings per share. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. On average, equities analysts predict that Molson Coors Beverage Company will post 6.35 earnings per share for the current fiscal year.

Molson Coors Beverage Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 6th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.0%. This is a boost from Molson Coors Beverage’s previous quarterly dividend of $0.47. The ex-dividend date is Friday, March 6th. Molson Coors Beverage’s dividend payout ratio (DPR) is currently -17.33%.

Molson Coors Beverage 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.