Public Employees Retirement System of Ohio Purchases New Stake in Molson Coors Beverage Company $TAP

Posted by Geri Gentry on Sep 7th, 2026

Public Employees Retirement System of Ohio acquired a new stake in shares of Molson Coors Beverage Company (NYSE:TAP – Free Report) during the second quarter, Holdings Channel reports. The fund acquired 47,453 shares of the company’s stock, valued at approximately $1,849,000.

Other hedge funds also recently added to or reduced their stakes in the company. Foster & Motley Inc. bought a new stake in shares of Molson Coors Beverage in the 2nd quarter worth about $3,080,000. Wedge Capital Management L L P NC lifted its position in shares of Molson Coors Beverage by 9.5% during the second quarter. Wedge Capital Management L L P NC now owns 102,543 shares of the company’s stock worth $3,995,000 after purchasing an additional 8,862 shares during the last quarter. Fulton Bank N.A. grew its stake in Molson Coors Beverage by 22.1% in the second quarter. Fulton Bank N.A. now owns 6,027 shares of the company’s stock worth $235,000 after purchasing an additional 1,089 shares in the last quarter. Wilsey Asset Management Inc. grew its stake in Molson Coors Beverage by 11.8% in the second quarter. Wilsey Asset Management Inc. now owns 755,639 shares of the company’s stock worth $29,440,000 after purchasing an additional 79,913 shares in the last quarter. Finally, Red Spruce Capital LLC increased its holdings in Molson Coors Beverage by 68.0% in the second quarter. Red Spruce Capital LLC now owns 40,036 shares of the company’s stock valued at $1,560,000 after buying an additional 16,202 shares during the last quarter. 78.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on TAP. Wall Street Zen downgraded Molson Coors Beverage from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Piper Sandler dropped their price target on Molson Coors Beverage from $45.00 to $44.00 and set a “neutral” rating on the stock in a research report on Friday, August 7th. Weiss Ratings restated a “sell (d)” rating on shares of Molson Coors Beverage in a research note on Wednesday, June 24th. Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Molson Coors Beverage in a report on Friday, August 7th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Molson Coors Beverage from $41.00 to $42.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. Four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $44.18.

Check Out Our Latest Research Report on Molson Coors Beverage

Molson Coors Beverage Stock Performance

Shares of TAP stock opened at $40.56 on Monday. The company has a quick ratio of 0.72, a current ratio of 0.88 and a debt-to-equity ratio of 0.55. The business has a 50 day moving average of $41.02 and a two-hundred day moving average of $42.37. Molson Coors Beverage Company has a 52 week low of $38.04 and a 52 week high of $54.82. The company has a market cap of $7.61 billion, a P/E ratio of -3.51 and a beta of 0.42.

Molson Coors Beverage (NYSE:TAP – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.07. The business had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.08 billion. Molson Coors Beverage had a positive return on equity of 9.46% and a negative net margin of 17.83%.The business’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.05 EPS. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. As a group, analysts anticipate that Molson Coors Beverage Company will post 4.81 EPS for the current year.

Molson Coors Beverage Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 28th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Friday, August 28th. Molson Coors Beverage’s dividend payout ratio is presently -16.64%.

About Molson Coors Beverage

(Free Report)

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.