Foster & Motley Inc. Boosts Stake in Molson Coors Beverage Company $TAP

Foster & Motley Inc. increased its stake in Molson Coors Beverage Company (NYSE:TAP) by 28.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 68,398 shares of the company’s stock after purchasing an additional 15,201 shares during the quarter. Foster & Motley Inc.’s holdings in Molson Coors Beverage were worth $3,193,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of TAP. Dodge & Cox grew its holdings in Molson Coors Beverage by 29.4% during the third quarter. Dodge & Cox now owns 18,631,224 shares of the company’s stock valued at $843,063,000 after purchasing an additional 4,235,029 shares during the period. Norges Bank purchased a new stake in Molson Coors Beverage in the second quarter worth about $134,289,000. State Street Corp raised its stake in shares of Molson Coors Beverage by 19.2% in the third quarter. State Street Corp now owns 10,516,810 shares of the company’s stock worth $475,886,000 after buying an additional 1,693,682 shares during the period. Royal London Asset Management Ltd. raised its stake in shares of Molson Coors Beverage by 317.9% in the second quarter. Royal London Asset Management Ltd. now owns 2,044,028 shares of the company’s stock worth $98,297,000 after buying an additional 1,554,851 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Molson Coors Beverage by 22.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,425,043 shares of the company’s stock valued at $290,741,000 after buying an additional 1,195,249 shares in the last quarter. 78.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TAP shares. UBS Group set a $52.00 price objective on Molson Coors Beverage in a research note on Friday, February 20th. Weiss Ratings restated a “sell (d)” rating on shares of Molson Coors Beverage in a research note on Friday. Needham & Company LLC lowered their price target on shares of Molson Coors Beverage from $54.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, February 19th. Wells Fargo & Company dropped their price target on shares of Molson Coors Beverage from $54.00 to $52.00 and set an “equal weight” rating for the company in a research report on Thursday, February 19th. Finally, Piper Sandler reduced their price objective on shares of Molson Coors Beverage from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Thursday, February 19th. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $50.27.

Insider Activity at Molson Coors Beverage

In related news, Director Andrew Thomas Molson purchased 2,000 shares of Molson Coors Beverage stock in a transaction on Monday, March 9th. The shares were bought at an average cost of $46.67 per share, for a total transaction of $93,340.00. Following the acquisition, the director owned 24,654 shares in the company, valued at approximately $1,150,602.18. The trade was a 8.83% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.71% of the company’s stock.

Molson Coors Beverage Stock Performance

NYSE:TAP opened at $43.06 on Wednesday. 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 12-month low of $41.04 and a 12-month high of $63.50. The stock has a 50-day moving average price of $47.42 and a 200 day moving average price of $46.77. The stock has a market capitalization of $8.09 billion, a P/E ratio of -3.97 and a beta of 0.49.

Molson Coors Beverage (NYSE:TAP) last issued its earnings results on Wednesday, February 18th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.04. Molson Coors Beverage had a positive return on equity of 9.04% and a negative net margin of 16.41%.The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter last year, the company earned $1.30 EPS. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. Equities research analysts forecast that Molson Coors Beverage Company will post 6.35 EPS for the current fiscal year.

Molson Coors Beverage Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Friday, March 6th were given a dividend of $0.48 per share. The ex-dividend date was Friday, March 6th. This is an increase from Molson Coors Beverage’s previous quarterly dividend of $0.47. This represents a $1.92 annualized dividend and a dividend yield of 4.5%. Molson Coors Beverage’s dividend payout ratio (DPR) is -17.70%.

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.