Procyon Advisors LLC Cuts Position in Molson Coors Beverage Company $TAP

Procyon Advisors LLC trimmed its holdings in shares of Molson Coors Beverage Company (NYSE:TAP) by 62.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,372 shares of the company’s stock after selling 12,230 shares during the period. Procyon Advisors LLC’s holdings in Molson Coors Beverage were worth $344,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. GoalVest Advisory LLC purchased a new position in shares of Molson Coors Beverage in the 4th quarter valued at $25,000. Root Financial Partners LLC acquired a new position in shares of Molson Coors Beverage during the 3rd quarter valued at $25,000. Smartleaf Asset Management LLC boosted its position in Molson Coors Beverage by 64.2% during the 2nd quarter. Smartleaf Asset Management LLC now owns 565 shares of the company’s stock worth $27,000 after purchasing an additional 221 shares during the period. IFP Advisors Inc boosted its position in Molson Coors Beverage by 134.2% during the 3rd quarter. IFP Advisors Inc now owns 787 shares of the company’s stock worth $38,000 after purchasing an additional 451 shares during the period. Finally, Geneos Wealth Management Inc. increased its holdings in Molson Coors Beverage by 32.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 800 shares of the company’s stock valued at $49,000 after purchasing an additional 198 shares in the last quarter. 78.46% of the stock is currently owned by hedge funds and other institutional investors.

Molson Coors Beverage Stock Performance

NYSE:TAP opened at $41.12 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.55 and a quick ratio of 0.42. The firm has a 50-day moving average of $48.14 and a two-hundred day moving average of $47.01. The stock has a market cap of $7.73 billion, a P/E ratio of -3.79 and a beta of 0.49. Molson Coors Beverage Company has a 1-year low of $41.09 and a 1-year high of $63.50.

Molson Coors Beverage (NYSE:TAP) last announced its earnings results on Wednesday, February 18th. The company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.04. Molson Coors Beverage had a positive return on equity of 9.04% and a negative net margin of 16.41%.The business had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same period in the previous year, the company earned $1.30 earnings per share. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. On average, research analysts expect that Molson Coors Beverage Company will post 6.35 earnings per share for the current fiscal year.

Molson Coors Beverage Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, March 6th were issued a dividend of $0.48 per share. The ex-dividend date was Friday, March 6th. This represents a $1.92 annualized dividend and a yield of 4.7%. This is a boost from Molson Coors Beverage’s previous quarterly dividend of $0.47. Molson Coors Beverage’s dividend payout ratio (DPR) is presently -17.70%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TAP shares. TD Cowen reduced their price objective on Molson Coors Beverage from $47.00 to $43.00 and set a “hold” rating on the stock in a research note on Friday, February 20th. UBS Group set a $52.00 target price on Molson Coors Beverage in a research report on Friday, February 20th. Bank of America lowered Molson Coors Beverage from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $50.00 to $42.00 in a research note on Wednesday, February 25th. Zacks Research downgraded Molson Coors Beverage from a “hold” rating to a “strong sell” rating in a report on Friday, February 20th. Finally, Jefferies Financial Group set a $45.00 price target on Molson Coors Beverage in a report on Thursday, February 19th. Five equities research 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $51.35.

Insider Transactions at Molson Coors Beverage

In other Molson Coors Beverage news, Director Andrew Thomas Molson bought 2,000 shares of the business’s stock in a transaction on Monday, March 9th. The shares were bought at an average cost of $46.67 per share, with a total value of $93,340.00. Following the transaction, the director directly owned 24,654 shares in the company, valued at approximately $1,150,602.18. This trade represents a 8.83% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.71% of the stock is owned by corporate 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.