Wilsey Asset Management Inc. boosted its holdings in shares of Molson Coors Beverage Company (NYSE:TAP – Free Report) by 11.8% during the second quarter, Holdings Channel.com reports. The institutional investor owned 755,639 shares of the company’s stock after acquiring an additional 79,913 shares during the quarter. Molson Coors Beverage accounts for approximately 4.3% of Wilsey Asset Management Inc.’s portfolio, making the stock its 17th largest position. Wilsey Asset Management Inc.’s holdings in Molson Coors Beverage were worth $29,440,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of TAP. SBI Securities Co. Ltd. boosted its stake in shares of Molson Coors Beverage by 84.1% during the 4th quarter. SBI Securities Co. Ltd. now owns 534 shares of the company’s stock worth $25,000 after acquiring an additional 244 shares during the period. Basepoint Wealth LLC acquired a new position in shares of Molson Coors Beverage during the 4th quarter worth approximately $26,000. Smartleaf Asset Management LLC raised its stake in Molson Coors Beverage by 64.2% in the 2nd quarter. Smartleaf Asset Management LLC now owns 565 shares of the company’s stock valued at $27,000 after acquiring an additional 221 shares during the period. Larson Financial Group LLC raised its stake in Molson Coors Beverage by 551.1% in the 4th quarter. Larson Financial Group LLC now owns 612 shares of the company’s stock valued at $29,000 after acquiring an additional 518 shares during the period. Finally, Clearstead Advisors LLC lifted its holdings in Molson Coors Beverage by 223.0% during the 4th quarter. Clearstead Advisors LLC now owns 659 shares of the company’s stock valued at $31,000 after purchasing an additional 455 shares during the last quarter. Institutional investors own 78.46% of the company’s stock.
Molson Coors Beverage Stock Performance
Shares of NYSE TAP opened at $43.46 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.88 and a quick ratio of 0.38. The stock’s fifty day moving average price is $40.35 and its two-hundred day moving average price is $43.65. Molson Coors Beverage Company has a one year low of $38.04 and a one year high of $54.82. The firm has a market cap of $8.15 billion, a price-to-earnings ratio of -3.77 and a beta of 0.42.
Molson Coors Beverage Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, August 28th will be paid a $0.48 dividend. The ex-dividend date is Friday, August 28th. This represents a $1.92 annualized dividend and a yield of 4.4%. Molson Coors Beverage’s payout ratio is -18.05%.
Analyst Ratings Changes
TAP has been the subject of a number of research analyst reports. Piper Sandler reduced their price objective on shares of Molson Coors Beverage from $45.00 to $44.00 and set a “neutral” rating for the company in a research report on Friday. Wall Street Zen cut shares of Molson Coors Beverage from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. TD Cowen raised shares of Molson Coors Beverage to a “hold” rating in a report on Friday, June 26th. Evercore decreased their price target on shares of Molson Coors Beverage from $50.00 to $47.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 21st. Finally, Sanford C. Bernstein lowered their price target on shares of Molson Coors Beverage from $74.00 to $45.00 and set a “market perform” rating on the stock in a report on Tuesday, May 26th. Four investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $44.24.
Get Our Latest Report on Molson Coors Beverage
Molson Coors Beverage News Roundup
Here are the key news stories impacting Molson Coors Beverage this week:
- Positive Sentiment: Q2 earnings exceeded expectations. Molson Coors reported adjusted EPS of $1.58, above the $1.51 consensus estimate, while revenue of $3.10 billion also topped estimates of $3.08 billion. Pricing actions and cost savings offset weaker volumes. Molson Coors Q2 Earnings Beat Estimates on Pricing and Cost Savings
- Positive Sentiment: Management reaffirmed its 2026 outlook. The company maintained its projected EPS range of approximately $4.61 to $4.82 and revenue outlook of $11.0 billion to $11.3 billion. It also plans 1% to 2% pricing increases, supporting expectations for continued margin protection. Molson Coors Reaffirms 2026 Outlook
- Positive Sentiment: Needham reaffirmed its Buy rating and assigned a $50 price target, implying roughly 15% upside from the referenced share price. This provides a bullish counterpoint to more cautious analyst views. Needham Reaffirms Buy Rating
- Neutral Sentiment: Analyst sentiment remains mixed. The broader analyst consensus is Hold, while Piper Sandler lowered its target from $45 to $44 and retained a Neutral rating. Consensus Hold Recommendation
- Neutral Sentiment: Execution is now the main focus. Commentary following the results highlights the need for Molson Coors to convert pricing and cost initiatives into sustainable growth while addressing demand challenges. Molson Coors Update Puts Execution in Focus
- Negative Sentiment: Underlying operating trends remain weak. Second-quarter sales declined 3.3% year over year, income before taxes fell 49%, and EPS dropped from $2.05 a year earlier as sluggish demand, lower volumes and higher supply costs pressured results. Molson Coors Sales Fall Amid Demand Challenges
Insiders Place Their Bets
In other Molson Coors Beverage news, Director Geoffrey E. Molson sold 1,245 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $42.50, for a total value of $52,912.50. Following the completion of the sale, the director owned 9,871 shares of the company’s stock, valued at $419,517.50. The trade was a 11.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.27% of the stock is owned by company 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.
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