Yousif Capital Management LLC Acquires 13,272 Shares of Molson Coors Beverage Company $TAP

Yousif Capital Management LLC grew its stake in shares of Molson Coors Beverage Company (NYSE:TAP – Free Report) by 71.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 31,720 shares of the company’s stock after acquiring an additional 13,272 shares during the period. Yousif Capital Management LLC’s holdings in Molson Coors Beverage were worth $1,157,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. SBI Securities Co. Ltd. raised its position in shares of Molson Coors Beverage by 84.7% during the third quarter. SBI Securities Co. Ltd. now owns 992 shares of the company’s stock worth $36,000 after purchasing an additional 455 shares during the period. CX Institutional boosted its position in shares of Molson Coors Beverage by 496.8% in the 2nd quarter. CX Institutional now owns 1,325 shares of the company’s stock valued at $52,000 after purchasing an additional 1,103 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Molson Coors Beverage by 39.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,540 shares of the company’s stock valued at $66,000 after purchasing an additional 436 shares during the period. Root Financial Partners LLC purchased a new position in Molson Coors Beverage in the 3rd quarter worth about $86,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. increased its stake in Molson Coors Beverage by 38.9% in the 1st quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 2,663 shares of the company’s stock worth $115,000 after purchasing an additional 746 shares in the last quarter. 78.46% of the stock is owned by institutional investors.

Molson Coors Beverage Stock Performance

TAP stock opened at $40.11 on Friday. The firm has a 50 day simple moving average of $38.96 and a 200 day simple moving average of $42.50. Molson Coors Beverage Company has a 52 week low of $35.52 and a 52 week high of $54.82. The stock has a market cap of $8.40 billion, a P/E ratio of -3.48 and a beta of 0.43. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.72 and a current ratio of 0.88.

Molson Coors Beverage (NYSE:TAP – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.07. Molson Coors Beverage had a negative net margin of 17.83% and a positive return on equity of 9.46%. The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same quarter in the prior year, the business earned $2.05 EPS. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. Research analysts anticipate that Molson Coors Beverage Company will post 4.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on TAP. Deutsche Bank Aktiengesellschaft set a $41.00 price objective on shares of Molson Coors Beverage in a research note on Wednesday, July 22nd. Piper Sandler dropped their target price on shares of 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. Needham & Company LLC restated a “buy” rating and set a $50.00 price target on shares of Molson Coors Beverage in a report on Friday, August 7th. Citigroup reduced their price target on shares of Molson Coors Beverage from $42.00 to $40.00 and set a “neutral” rating for the company in a research report on Wednesday, October 14th. Finally, BNP Paribas Exane decreased their price objective on shares of Molson Coors Beverage from $34.00 to $33.00 and set an “underperform” rating for the company in a research note on Friday, September 18th. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, Molson Coors Beverage currently has a consensus rating of “Reduce” and a consensus price target of $43.06.

Read Our Latest Stock Report on TAP

Molson Coors Beverage Company Profile

(Free Report)

Molson Coors Beverage Company is a global beverage company best known for brewing and marketing beer. Its portfolio includes widely recognized brands such as Coors, Coors Light, Miller Lite, Miller High Life, Molson Canadian, Carling, Blue Moon, Staropramen and Peroni Nastro Azzurro, along with hard seltzers, flavored alcoholic beverages and other adjacent products.

The company serves consumers through a broad network of breweries, distributors and retailers across North America, Europe and other international markets.

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Institutional Ownership by Quarter for Molson Coors Beverage (NYSE:TAP)

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