Molson Coors Beverage Company $TAP Position Decreased by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. lowered its holdings in Molson Coors Beverage Company (NYSE:TAP) by 61.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,138 shares of the company’s stock after selling 30,920 shares during the period. Ameritas Investment Partners Inc.’s holdings in Molson Coors Beverage were worth $866,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Polianta Ltd purchased a new position in shares of Molson Coors Beverage in the third quarter worth approximately $1,543,000. JPMorgan Chase & Co. increased its holdings in shares of Molson Coors Beverage by 20.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,036,110 shares of the company’s stock valued at $49,828,000 after purchasing an additional 175,587 shares during the period. Swiss National Bank lifted its position in shares of Molson Coors Beverage by 5.5% in the second quarter. Swiss National Bank now owns 537,600 shares of the company’s stock worth $25,853,000 after purchasing an additional 27,900 shares in the last quarter. Wilsey Asset Management Inc. increased its position in Molson Coors Beverage by 4.9% in the 3rd quarter. Wilsey Asset Management Inc. now owns 591,259 shares of the company’s stock worth $26,754,000 after purchasing an additional 27,819 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its stake in shares of Molson Coors Beverage by 182.1% during the 2nd quarter. Gamco Investors INC. ET AL now owns 84,290 shares of the company’s stock worth $4,054,000 after purchasing an additional 54,410 shares in the last quarter. 78.46% of the stock is owned by institutional investors and hedge funds.

Molson Coors Beverage Price Performance

Shares of TAP opened at $49.02 on Friday. The stock has a market cap of $9.69 billion, a P/E ratio of -4.52 and a beta of 0.48. The stock’s 50-day moving average price is $48.99 and its two-hundred day moving average price is $47.84. The company has a current ratio of 0.55, a quick ratio of 0.42 and a debt-to-equity ratio of 0.37. 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 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. Molson Coors Beverage had a negative net margin of 16.41% and a positive return on equity of 9.04%. The company had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.71 billion. During the same period last year, the firm posted $1.30 earnings per share. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. 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 year.

Molson Coors Beverage Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, March 6th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Friday, March 6th. This is a boost from Molson Coors Beverage’s previous quarterly dividend of $0.47. Molson Coors Beverage’s dividend payout ratio (DPR) is currently -17.33%.

Analysts Set New Price Targets

TAP has been the topic of a number of recent analyst reports. Roth Mkm set a $58.00 price target on shares of Molson Coors Beverage in a research report on Thursday, February 19th. Bank of America lowered shares of Molson Coors Beverage from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $50.00 to $42.00 in a research note on Wednesday. UBS Group set a $52.00 target price on shares of Molson Coors Beverage in a research report on Friday, February 20th. Weiss Ratings restated a “sell (d)” rating on shares of Molson Coors Beverage in a research note on Monday, December 29th. Finally, TD Cowen reduced their price target on shares of Molson Coors Beverage from $47.00 to $43.00 and set a “hold” rating for the company in a report on Friday, February 20th. 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. According to MarketBeat, Molson Coors Beverage currently has a consensus rating of “Hold” and a consensus price target of $51.35.

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.