Molson Coors Beverage Company $TAP Shares Purchased by NewEdge Advisors LLC

NewEdge Advisors LLC boosted its position in shares of Molson Coors Beverage Company (NYSE:TAP) by 2,241.1% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 24,137 shares of the company’s stock after acquiring 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.

Several other large investors have also added to or reduced their stakes in the company. Caxton Associates LLP acquired a new stake in shares of Molson Coors Beverage during the first quarter worth about $202,000. United Services Automobile Association purchased a new position in Molson Coors Beverage during the 1st quarter worth approximately $215,000. Woodline Partners LP lifted its stake in Molson Coors Beverage by 38.7% during the 1st quarter. Woodline Partners LP now owns 14,546 shares of the company’s stock valued at $885,000 after acquiring an additional 4,056 shares during the period. Geneos Wealth Management Inc. lifted its stake in Molson Coors Beverage by 32.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 800 shares of the company’s stock valued at $49,000 after acquiring an additional 198 shares during the period. Finally, First Trust Advisors LP boosted its holdings in shares of Molson Coors Beverage by 4.7% in the 2nd quarter. First Trust Advisors LP now owns 413,578 shares of the company’s stock valued at $19,889,000 after acquiring an additional 18,566 shares during the last quarter. Hedge funds and other institutional investors own 78.46% of the company’s stock.

Analysts Set New Price Targets

TAP has been the subject of several recent research reports. Wells Fargo & Company reduced their target price on shares of Molson Coors Beverage from $43.00 to $41.00 and set an “equal weight” rating for the company in a report on Wednesday, July 8th. Morgan Stanley reduced their price objective on Molson Coors Beverage from $52.00 to $46.00 and set an “equal weight” rating for the company in a research note on Monday, May 4th. UBS Group boosted their price objective on Molson Coors Beverage from $40.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft set a $41.00 target price on Molson Coors Beverage in a report on Wednesday, July 22nd. Finally, Barclays decreased their price target on Molson Coors Beverage from $43.00 to $41.00 and set an “underweight” rating for the company in a report on Friday, May 1st. Four equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $44.18.

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 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 sale, the director directly owned 9,871 shares in the company, valued at approximately $419,517.50. The trade was a 11.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 2.27% of the company’s stock.

Molson Coors Beverage Price Performance

Shares of NYSE TAP opened at $40.77 on Tuesday. 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 firm has a fifty day moving average of $40.71 and a 200 day moving average of $43.29. The firm has a market cap of $7.65 billion, a PE ratio of -3.53 and a beta of 0.42. Molson Coors Beverage Company has a one year low of $38.04 and a one year high of $54.82.

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. The business had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.08 billion. Molson Coors Beverage had a negative net margin of 17.83% and a positive return on equity of 9.46%. The company’s revenue was down 3.3% compared to the same quarter last year. During the same period last year, the firm posted $2.05 earnings per share. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. As a group, research analysts predict that Molson Coors Beverage Company will post 4.81 EPS for the current fiscal year.

Molson Coors Beverage Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 28th will be paid a $0.48 dividend. The ex-dividend date of this dividend 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 (DPR) is currently -16.64%.

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.