Traders Purchase High Volume of Put Options on Molson Coors Beverage (NYSE:TAP)

Molson Coors Beverage Company (NYSE:TAP) was the recipient of some unusual options trading on Friday. Investors bought 33,425 put options on the company. This is an increase of approximately 3,297% compared to the average daily volume of 984 put options.

Molson Coors Beverage Price Performance

Molson Coors Beverage stock opened at $49.34 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.60 and a quick ratio of 0.45. Molson Coors Beverage has a one year low of $42.94 and a one year high of $64.66. The firm has a market capitalization of $9.75 billion, a P/E ratio of -4.62 and a beta of 0.45. The business has a fifty day moving average price of $47.21 and a 200-day moving average price of $47.79.

Molson Coors Beverage (NYSE:TAP) last posted its earnings results on Tuesday, November 4th. The company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.05). Molson Coors Beverage had a negative net margin of 15.89% and a positive return on equity of 8.78%. The company had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $3.02 billion. Molson Coors Beverage has set its FY 2025 guidance at 5.360-5.360 EPS. As a group, equities research analysts forecast that Molson Coors Beverage will post 6.35 EPS for the current year.

Molson Coors Beverage Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Friday, December 5th. Molson Coors Beverage’s dividend payout ratio (DPR) is presently -17.60%.

Insider Activity at Molson Coors Beverage

In other Molson Coors Beverage news, Director David S. Coors acquired 2,245 shares of the stock in a transaction on Wednesday, November 5th. The shares were purchased at an average price of $44.47 per share, for a total transaction of $99,835.15. Following the completion of the acquisition, the director owned 30,586 shares in the company, valued at approximately $1,360,159.42. This represents a 7.92% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Andrew Thomas Molson acquired 7,500 shares of the company’s stock in a transaction on Monday, November 10th. The stock was acquired at an average cost of $46.79 per share, for a total transaction of $350,925.00. Following the completion of the purchase, the director directly owned 22,654 shares of the company’s stock, valued at approximately $1,059,980.66. This represents a 49.49% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 2.71% of the company’s stock.

Institutional Investors Weigh In On Molson Coors Beverage

Several large investors have recently added to or reduced their stakes in the business. Dodge & Cox lifted its holdings in shares of Molson Coors Beverage by 29.4% during the 3rd quarter. Dodge & Cox now owns 18,631,224 shares of the company’s stock worth $843,063,000 after acquiring an additional 4,235,029 shares during the last quarter. Norges Bank bought a new position in Molson Coors Beverage in the second quarter valued at $134,289,000. State Street Corp raised its position in Molson Coors Beverage by 19.2% during the third quarter. State Street Corp now owns 10,516,810 shares of the company’s stock valued at $475,886,000 after purchasing an additional 1,693,682 shares in the last quarter. Royal London Asset Management Ltd. lifted its stake in Molson Coors Beverage by 317.9% during the second quarter. Royal London Asset Management Ltd. now owns 2,044,028 shares of the company’s stock worth $98,297,000 after purchasing an additional 1,554,851 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Molson Coors Beverage by 22.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 6,425,043 shares of the company’s stock worth $290,741,000 after purchasing an additional 1,195,249 shares in the last quarter. Institutional investors own 78.46% of the company’s stock.

Analyst Ratings Changes

TAP has been the subject of a number of research analyst reports. Roth Mkm reaffirmed a “buy” rating and set a $65.00 price target (down from $67.00) on shares of Molson Coors Beverage in a research report on Wednesday, November 5th. BNP Paribas Exane lowered Molson Coors Beverage from a “hold” rating to a “strong sell” rating and set a $40.00 target price for the company. in a research report on Friday, January 16th. The Goldman Sachs Group cut their price target on shares of Molson Coors Beverage from $67.00 to $57.00 and set a “buy” rating on the stock in a report on Thursday, October 2nd. Exane BNP Paribas downgraded shares of Molson Coors Beverage from a “hold” rating to a “strong sell” rating in a report on Friday, January 16th. Finally, Barclays reiterated an “underweight” rating and issued a $49.00 target price on shares of Molson Coors Beverage in a research note on Friday, January 16th. Five research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, Molson Coors Beverage currently has an average rating of “Hold” and an average price target of $53.18.

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.