Capital Management Corp VA Acquires 38,754 Shares of Molson Coors Beverage Company $TAP

Capital Management Corp VA lifted its stake in Molson Coors Beverage Company (NYSE:TAP) by 38.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 139,657 shares of the company’s stock after buying an additional 38,754 shares during the quarter. Capital Management Corp VA owned approximately 0.07% of Molson Coors Beverage worth $6,319,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. UMB Bank n.a. increased its stake in Molson Coors Beverage by 252.7% in the 3rd quarter. UMB Bank n.a. now owns 1,259 shares of the company’s stock worth $57,000 after acquiring an additional 902 shares during the last quarter. Howard Capital Management Inc. grew its holdings in Molson Coors Beverage by 23.2% during the 3rd quarter. Howard Capital Management Inc. now owns 7,712 shares of the company’s stock valued at $349,000 after purchasing an additional 1,450 shares during the last quarter. National Pension Service bought a new position in shares of Molson Coors Beverage during the third quarter valued at approximately $809,000. Arizona State Retirement System grew its position in Molson Coors Beverage by 1.1% in the 3rd quarter. Arizona State Retirement System now owns 52,473 shares of the company’s stock valued at $2,374,000 after acquiring an additional 565 shares during the last quarter. Finally, New York State Common Retirement Fund grew its holdings in shares of Molson Coors Beverage by 2.4% in the third quarter. New York State Common Retirement Fund now owns 84,772 shares of the company’s stock worth $3,836,000 after purchasing an additional 1,956 shares during the last quarter. 78.46% of the stock is currently owned by hedge funds and other institutional investors.

Molson Coors Beverage Trading Up 0.9%

Shares of TAP stock opened at $48.01 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. The stock has a 50 day simple moving average of $47.44 and a 200-day simple moving average of $47.74. The company has a market cap of $9.49 billion, a price-to-earnings ratio of -4.50 and a beta of 0.45. Molson Coors Beverage Company has a 1-year low of $42.94 and a 1-year high of $64.66.

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

Molson Coors Beverage Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Friday, December 5th. Molson Coors Beverage’s dividend payout ratio is currently -17.60%.

Analyst Ratings Changes

A number of analysts recently issued reports on TAP shares. UBS Group boosted their price target on Molson Coors Beverage from $47.00 to $50.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Piper Sandler reduced their target price on shares of Molson Coors Beverage from $52.00 to $50.00 and set a “neutral” rating for the company in a report on Friday, November 21st. Citigroup reduced their price target on Molson Coors Beverage from $51.00 to $49.00 and set a “neutral” rating on the stock in a research report on Thursday, October 9th. Roth Mkm restated a “buy” rating and set a $65.00 price objective (down previously from $67.00) on shares of Molson Coors Beverage in a report on Wednesday, November 5th. Finally, Barclays reissued an “underweight” rating and issued a $49.00 target price on shares of Molson Coors Beverage in a research report on Friday, January 16th. Five equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, Molson Coors Beverage currently has a consensus rating of “Hold” and a consensus price target of $53.18.

Insider Transactions at Molson Coors Beverage

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

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.