Private Management Group Inc. Buys 41,032 Shares of Molson Coors Beverage Company $TAP

Private Management Group Inc. lifted its stake in Molson Coors Beverage Company (NYSE:TAP) by 12.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 376,675 shares of the company’s stock after buying an additional 41,032 shares during the quarter. Private Management Group Inc.’s holdings in Molson Coors Beverage were worth $17,045,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Root Financial Partners LLC purchased a new position in shares of Molson Coors Beverage during the third quarter valued at about $25,000. Clearstead Trust LLC raised its stake in Molson Coors Beverage by 952.8% in the second quarter. Clearstead Trust LLC now owns 558 shares of the company’s stock worth $27,000 after buying an additional 505 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Molson Coors Beverage by 64.2% in the second quarter. Smartleaf Asset Management LLC now owns 565 shares of the company’s stock worth $27,000 after buying an additional 221 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in Molson Coors Beverage by 32.9% in the first quarter. Geneos Wealth Management Inc. now owns 800 shares of the company’s stock worth $49,000 after buying an additional 198 shares in the last quarter. Finally, Huntington National Bank boosted its position in Molson Coors Beverage by 45.8% during the 3rd quarter. Huntington National Bank now owns 1,165 shares of the company’s stock valued at $53,000 after acquiring an additional 366 shares in the last quarter. Institutional investors own 78.46% of the company’s stock.

Molson Coors Beverage Price Performance

Shares of TAP opened at $43.62 on Friday. Molson Coors Beverage Company has a fifty-two week low of $42.94 and a fifty-two week high of $63.50. The firm’s 50-day simple moving average is $48.91 and its two-hundred day simple moving average is $47.46. The stock has a market cap of $8.20 billion, a PE ratio of -4.02 and a beta of 0.49. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.42 and a current ratio of 0.55.

Molson Coors Beverage (NYSE:TAP) last released its earnings results on Wednesday, February 18th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.04. Molson Coors Beverage had a negative net margin of 16.41% and a positive return on equity of 9.04%. The firm had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same period last year, the business earned $1.30 earnings per share. The business’s revenue 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. Analysts anticipate that Molson Coors Beverage Company will post 6.35 earnings per share for the current fiscal year.

Molson Coors Beverage Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, March 6th will be paid a dividend of $0.48 per share. The ex-dividend date is Friday, March 6th. This is a positive change from Molson Coors Beverage’s previous quarterly dividend of $0.47. This represents a $1.92 dividend on an annualized basis and a yield of 4.4%. Molson Coors Beverage’s dividend payout ratio (DPR) is presently -17.70%.

Wall Street Analysts Forecast Growth

TAP has been the topic of several research reports. BNP Paribas Exane cut Molson Coors Beverage from a “hold” rating to a “strong sell” rating and set a $40.00 price objective on the stock. in a research report on Friday, January 16th. Needham & Company LLC lowered their target price on Molson Coors Beverage from $54.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, February 19th. Wells Fargo & Company dropped their price target on Molson Coors Beverage from $54.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 19th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Molson Coors Beverage in a research note on Monday, December 29th. Finally, Piper Sandler decreased their price objective on Molson Coors Beverage from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Thursday, February 19th. Five investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $51.35.

Insider Transactions at Molson Coors Beverage

In related news, Director Andrew Thomas Molson bought 2,000 shares of the company’s stock in a transaction on Monday, March 9th. The shares were acquired at an average cost of $46.67 per share, with a total value of $93,340.00. Following the completion of the acquisition, the director owned 24,654 shares of the company’s stock, valued at $1,150,602.18. The trade was a 8.83% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.71% of the company’s stock.

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.