Molson Coors Beverage Company $TAP Shares Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC grew its stake in Molson Coors Beverage Company (NYSE:TAP) by 75.5% in the fourth quarter, Holdings Channel reports. The fund owned 44,925 shares of the company’s stock after purchasing an additional 19,324 shares during the period. Exchange Traded Concepts LLC’s holdings in Molson Coors Beverage were worth $2,097,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. GoalVest Advisory LLC acquired a new stake in Molson Coors Beverage during the fourth quarter worth $25,000. Root Financial Partners LLC acquired a new stake in Molson Coors Beverage in the 3rd quarter valued at approximately $25,000. Smartleaf Asset Management LLC grew its stake in shares of Molson Coors Beverage by 64.2% in the second quarter. Smartleaf Asset Management LLC now owns 565 shares of the company’s stock valued at $27,000 after buying an additional 221 shares in the last quarter. IFP Advisors Inc grew its position in Molson Coors Beverage by 134.2% in the 3rd quarter. IFP Advisors Inc now owns 787 shares of the company’s stock valued at $38,000 after acquiring an additional 451 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Molson Coors Beverage by 32.9% in the first quarter. Geneos Wealth Management Inc. now owns 800 shares of the company’s stock valued at $49,000 after purchasing an additional 198 shares in the last quarter. Hedge funds and other institutional investors own 78.46% of the company’s stock.

Molson Coors Beverage Stock Down 0.4%

Shares of NYSE:TAP opened at $42.88 on Thursday. Molson Coors Beverage Company has a fifty-two week low of $41.04 and a fifty-two week high of $63.50. The firm’s 50-day simple moving average is $47.27 and its 200-day simple moving average is $46.75. The company has a market cap of $8.06 billion, a price-to-earnings ratio of -3.95 and a beta of 0.50. The company has a quick ratio of 0.42, a current ratio of 0.55 and a debt-to-equity ratio of 0.37.

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, topping analysts’ consensus estimates 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 business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same period in the prior year, the business posted $1.30 EPS. The company’s revenue for the quarter 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. As a group, equities research 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 disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, March 6th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 4.5%. This is a positive change from Molson Coors Beverage’s previous quarterly dividend of $0.47. The ex-dividend date was Friday, March 6th. Molson Coors Beverage’s dividend payout ratio (DPR) is -17.70%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TAP. Weiss Ratings reiterated a “sell (d)” rating on shares of Molson Coors Beverage in a research note on Friday, March 27th. Deutsche Bank Aktiengesellschaft cut their target price on Molson Coors Beverage from $45.00 to $41.00 and set a “hold” rating on the stock in a research report on Monday. Piper Sandler reduced their price target on shares of Molson Coors Beverage from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Thursday, February 19th. Zacks Research downgraded Molson Coors Beverage from a “hold” rating to a “strong sell” rating in a report on Friday, February 20th. Finally, UBS Group set a $52.00 price target on shares of Molson Coors Beverage in a research report on Friday, February 20th. Four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, Molson Coors Beverage has an average rating of “Reduce” and an average price target of $48.12.

Insider Activity

In other news, Director Andrew Thomas Molson purchased 2,000 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were acquired at an average price of $46.67 per share, with a total value of $93,340.00. Following the purchase, the director directly owned 24,654 shares of the company’s stock, valued at $1,150,602.18. The trade was a 8.83% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.71% of the company’s stock.

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.