Molson Coors Beverage Company $TAP Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC lowered its holdings in shares of Molson Coors Beverage Company (NYSE:TAP) by 81.5% during the 3rd quarter, Holdings Channel reports. The fund owned 39,749 shares of the company’s stock after selling 174,557 shares during the period. Intech Investment Management LLC’s holdings in Molson Coors Beverage were worth $1,799,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Molson Coors Beverage by 0.4% during the second quarter. Vanguard Group Inc. now owns 21,208,854 shares of the company’s stock valued at $1,019,934,000 after purchasing an additional 92,058 shares during the period. Dodge & Cox grew its position in Molson Coors Beverage by 2.3% in the 2nd quarter. Dodge & Cox now owns 14,396,195 shares of the company’s stock valued at $692,313,000 after buying an additional 327,885 shares in the last quarter. Geode Capital Management LLC increased its stake in Molson Coors Beverage by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 4,486,791 shares of the company’s stock valued at $214,860,000 after buying an additional 61,060 shares during the period. Invesco Ltd. increased its stake in Molson Coors Beverage by 17.2% during the 2nd quarter. Invesco Ltd. now owns 4,277,685 shares of the company’s stock valued at $205,714,000 after buying an additional 626,639 shares during the period. Finally, Norges Bank bought a new stake in shares of Molson Coors Beverage during the 2nd quarter worth about $134,289,000. Institutional investors own 78.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Bank of America cut shares of Molson Coors Beverage from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $50.00 to $42.00 in a report on Wednesday, February 25th. Piper Sandler cut their target price on Molson Coors Beverage from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Thursday, February 19th. Zacks Research lowered Molson Coors Beverage from a “hold” rating to a “strong sell” rating in a research note on Friday, February 20th. Roth Mkm set a $58.00 price objective on Molson Coors Beverage in a research note on Thursday, February 19th. Finally, Wells Fargo & Company cut their price objective on Molson Coors Beverage from $54.00 to $52.00 and set an “equal weight” rating for the company in a report on Thursday, February 19th. Five research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $51.35.

Molson Coors Beverage Price Performance

TAP stock opened at $47.36 on Thursday. Molson Coors Beverage Company has a one year low of $42.94 and a one year high of $64.66. The firm has a 50-day moving average of $49.09 and a two-hundred day moving average of $47.74. The firm has a market capitalization of $8.90 billion, a PE ratio of -4.36 and a beta of 0.49. The company has a current ratio of 0.55, a quick ratio of 0.42 and a debt-to-equity ratio of 0.37.

Molson Coors Beverage (NYSE:TAP) last released its earnings results on Wednesday, February 18th. The company reported $1.21 earnings per share for the quarter, topping 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 business had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same period last year, the firm posted $1.30 earnings per share. The firm’s quarterly revenue 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, analysts forecast that Molson Coors Beverage Company will post 6.35 earnings per share for the current year.

Molson Coors Beverage Increases Dividend

The company also recently announced 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. This is an increase from Molson Coors Beverage’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.92 annualized dividend and a yield of 4.1%. Molson Coors Beverage’s dividend payout ratio (DPR) is presently -17.33%.

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.