Foster & Motley Inc. Purchases 11,971 Shares of Molson Coors Beverage Company $TAP

Foster & Motley Inc. increased its position in shares of Molson Coors Beverage Company (NYSE:TAP) by 29.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 53,197 shares of the company’s stock after buying an additional 11,971 shares during the quarter. Foster & Motley Inc.’s holdings in Molson Coors Beverage were worth $2,407,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. EP Wealth Advisors LLC acquired a new position in Molson Coors Beverage during the 1st quarter worth $200,000. Alliancebernstein L.P. increased its stake in shares of Molson Coors Beverage by 21.0% in the first quarter. Alliancebernstein L.P. now owns 282,735 shares of the company’s stock worth $17,210,000 after purchasing an additional 49,133 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Molson Coors Beverage by 19.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 71,612 shares of the company’s stock worth $4,359,000 after purchasing an additional 11,678 shares during the last quarter. UniSuper Management Pty Ltd boosted its stake in Molson Coors Beverage by 4.8% during the 1st quarter. UniSuper Management Pty Ltd now owns 32,702 shares of the company’s stock valued at $1,991,000 after purchasing an additional 1,500 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in Molson Coors Beverage by 31.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,565,377 shares of the company’s stock valued at $95,284,000 after buying an additional 373,501 shares during the last quarter. Institutional investors own 78.46% of the company’s stock.

Insider Activity at Molson Coors Beverage

In related news, Director David S. Coors purchased 2,245 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The shares were acquired at an average price of $44.47 per share, with a total value of $99,835.15. Following the purchase, the director directly owned 30,586 shares in the company, valued at $1,360,159.42. This represents a 7.92% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Andrew Thomas Molson purchased 7,500 shares of the stock in a transaction on Monday, November 10th. The stock was bought at an average price of $46.79 per share, for a total transaction of $350,925.00. Following the completion of the transaction, the director directly owned 22,654 shares of the company’s stock, valued at approximately $1,059,980.66. This trade represents a 49.49% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 2.71% of the company’s stock.

Molson Coors Beverage Stock Up 2.8%

TAP opened at $47.24 on Friday. The company has a market capitalization of $9.34 billion, a P/E ratio of -4.42 and a beta of 0.45. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.60 and a quick ratio of 0.45. The firm’s fifty day moving average price is $46.30 and its two-hundred day moving average price is $47.72. Molson Coors Beverage Company has a fifty-two week low of $42.94 and a fifty-two week high of $64.66.

Molson Coors Beverage (NYSE:TAP) last released its quarterly earnings data on Tuesday, November 4th. The company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.05). Molson Coors Beverage had a positive return on equity of 8.78% and a negative net margin of 15.89%.The business had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $3.02 billion. Molson Coors Beverage has set its FY 2025 guidance at 5.360-5.360 EPS. On average, analysts anticipate that Molson Coors Beverage Company will post 6.35 EPS for the current year.

Molson Coors Beverage Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Friday, December 5th. Molson Coors Beverage’s payout ratio is presently -17.60%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on TAP shares. Roth Capital reiterated a “buy” rating and set a $65.00 price target (down from $67.00) on shares of Molson Coors Beverage in a report on Wednesday, November 5th. Zacks Research raised shares of Molson Coors Beverage from a “strong sell” rating to a “hold” rating in a research report on Friday, November 14th. Barclays reduced their price target on shares of Molson Coors Beverage from $46.00 to $45.00 and set an “underweight” rating for the company in a report on Thursday, November 6th. JPMorgan Chase & Co. assumed coverage on shares of Molson Coors Beverage in a research report on Wednesday, November 5th. They issued a “neutral” rating and a $49.00 price target on the stock. Finally, Evercore ISI cut their price objective on shares of Molson Coors Beverage from $53.00 to $50.00 and set an “outperform” rating for the company in a research report on Wednesday, November 5th. Five research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $53.59.

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.