Molson Coors Beverage Company $TAP Shares Purchased by PNC Financial Services Group Inc.

Posted by Stanley Muller on May 27th, 2026

PNC Financial Services Group Inc. raised its position in Molson Coors Beverage Company (NYSE:TAP – Free Report) by 56.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,904 shares of the company’s stock after acquiring an additional 19,167 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Molson Coors Beverage were worth $2,470,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Dodge & Cox raised its holdings in shares of Molson Coors Beverage by 29.4% in the 3rd 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 in the last quarter. State Street Corp lifted its position in shares of Molson Coors Beverage by 19.2% during the 3rd quarter. State Street Corp now owns 10,516,810 shares of the company’s stock worth $475,886,000 after purchasing an additional 1,693,682 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Molson Coors Beverage by 22.9% during the third quarter. Dimensional Fund Advisors LP now owns 6,425,043 shares of the company’s stock worth $290,741,000 after purchasing an additional 1,195,249 shares in the last quarter. Royal London Asset Management Ltd. increased its holdings in 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 valued at $98,297,000 after buying an additional 1,554,851 shares during the last quarter. Finally, Schroder Investment Management Group increased its holdings in Molson Coors Beverage by 21.2% in the third quarter. Schroder Investment Management Group now owns 1,947,454 shares of the company’s stock valued at $88,122,000 after buying an additional 340,433 shares during the last quarter. 78.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Molson Coors Beverage news, Director Andrew Thomas Molson purchased 2,000 shares of Molson Coors Beverage stock in a transaction that occurred on Monday, March 9th. The stock was purchased at an average price of $46.67 per share, for a total transaction of $93,340.00. Following the transaction, the director directly owned 24,654 shares in the company, valued at $1,150,602.18. This trade represents a 8.83% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Geoffrey E. Molson sold 1,245 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $42.50, for a total transaction of $52,912.50. Following the sale, the director owned 9,871 shares of the company’s stock, valued at approximately $419,517.50. This represents a 11.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 2.27% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on TAP. UBS Group decreased their price target on Molson Coors Beverage from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. Bank of America cut Molson Coors Beverage from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $50.00 to $42.00 in a research note on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $42.00 price target on shares of Molson Coors Beverage in a report on Friday, May 1st. Morgan Stanley cut their price objective on shares of Molson Coors Beverage from $52.00 to $46.00 and set an “equal weight” rating on the stock in a report on Monday, May 4th. Finally, Jefferies Financial Group reduced their price objective on shares of Molson Coors Beverage from $45.00 to $43.00 and set a “hold” rating for the company in a research report on Monday, April 20th. Four research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, Molson Coors Beverage currently has an average rating of “Hold” and an average target price of $45.29.

Read Our Latest Research Report on TAP

Molson Coors Beverage Stock Down 3.2%

TAP opened at $41.19 on Wednesday. Molson Coors Beverage Company has a one year low of $40.64 and a one year high of $54.82. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.38 and a current ratio of 0.54. The stock has a market capitalization of $7.73 billion, a P/E ratio of -3.87 and a beta of 0.44. The business’s 50-day simple moving average is $42.78 and its 200-day simple moving average is $46.04.

Molson Coors Beverage (NYSE:TAP – Get Free Report) last announced its earnings results on Friday, May 1st. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.26. The firm had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.33 billion. Molson Coors Beverage had a positive return on equity of 9.79% and a negative net margin of 16.14%.The business’s revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.50 EPS. Analysts anticipate that Molson Coors Beverage Company will post 4.74 EPS for the current year.

Molson Coors Beverage Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Friday, May 29th. Molson Coors Beverage’s dividend payout ratio is presently -18.05%.

Molson Coors Beverage Profile

(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.