Comerica Bank Has $1.99 Million Stock Holdings in Molson Coors Beverage Company $TAP

Comerica Bank trimmed its position in Molson Coors Beverage Company (NYSE:TAP) by 26.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 42,545 shares of the company’s stock after selling 15,176 shares during the period. Comerica Bank’s holdings in Molson Coors Beverage were worth $1,986,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new position in Molson Coors Beverage in the 3rd quarter valued at $25,000. GoalVest Advisory LLC acquired a new position in Molson Coors Beverage in the 4th quarter valued at $25,000. Smartleaf Asset Management LLC grew its holdings in Molson Coors Beverage by 64.2% in the 2nd quarter. Smartleaf Asset Management LLC now owns 565 shares of the company’s stock valued at $27,000 after buying an additional 221 shares in the last quarter. IFP Advisors Inc lifted its position in shares of Molson Coors Beverage by 134.2% during the 3rd quarter. IFP Advisors Inc now owns 787 shares of the company’s stock valued at $38,000 after acquiring an additional 451 shares during the period. Finally, Geneos Wealth Management Inc. lifted its position in shares of Molson Coors Beverage by 32.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 800 shares of the company’s stock valued at $49,000 after acquiring an additional 198 shares during the period. 78.46% of the stock is owned by institutional investors and hedge funds.

Molson Coors Beverage Stock Performance

NYSE:TAP opened at $42.74 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.38 and a current ratio of 0.54. Molson Coors Beverage Company has a fifty-two week low of $40.64 and a fifty-two week high of $57.57. The company has a market cap of $8.03 billion, a price-to-earnings ratio of -4.02 and a beta of 0.44. The stock has a fifty day moving average price of $44.17 and a 200-day moving average price of $46.36.

Molson Coors Beverage (NYSE:TAP) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.26. Molson Coors Beverage had a positive return on equity of 9.79% and a negative net margin of 16.14%.The business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.33 billion. During the same period in the prior year, the company earned $0.50 EPS. Molson Coors Beverage’s revenue for the quarter was up 2.0% on a year-over-year basis. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. As a group, equities analysts anticipate that Molson Coors Beverage Company will post 4.73 EPS 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. Investors of record on Friday, March 6th were given a dividend of $0.48 per share. The ex-dividend date was Friday, March 6th. This represents a $1.92 annualized dividend and a dividend yield of 4.5%. This is an increase from Molson Coors Beverage’s previous quarterly dividend of $0.47. Molson Coors Beverage’s dividend payout ratio is currently -18.05%.

Insider Buying and Selling at Molson Coors Beverage

In other Molson Coors Beverage news, Director Andrew Thomas Molson acquired 2,000 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was acquired at an average cost 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 represents a 8.83% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 2.27% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TAP. TD Cowen cut their target price on Molson Coors Beverage from $47.00 to $43.00 and set a “hold” rating for the company in a research report on Friday, February 20th. Barclays cut their target price on Molson Coors Beverage from $43.00 to $41.00 and set an “underweight” rating for the company in a research report on Friday, May 1st. Zacks Research upgraded Molson Coors Beverage from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Bank of America downgraded Molson Coors Beverage from a “neutral” rating to an “underperform” rating and cut their target price for the company from $50.00 to $42.00 in a research report on Wednesday, February 25th. Finally, Needham & Company LLC cut their target price on Molson Coors Beverage from $52.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Four equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $45.71.

Molson Coors Beverage Company 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.