Stock Traders Purchase Large Volume of Put Options on Molson Coors Beverage (NYSE:TAP)

Molson Coors Beverage Company (NYSE:TAP) was the target of some unusual options trading on Friday. Investors purchased 33,425 put options on the company. This represents an increase of 3,297% compared to the average volume of 984 put options.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on TAP shares. JPMorgan Chase & Co. started coverage on Molson Coors Beverage in a report on Wednesday, November 5th. They issued a “neutral” rating and a $49.00 price objective on the stock. Piper Sandler cut their price target on shares of Molson Coors Beverage from $52.00 to $50.00 and set a “neutral” rating on the stock in a report on Friday, November 21st. Weiss Ratings reissued a “sell (d)” rating on shares of Molson Coors Beverage in a research report on Monday, December 29th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $50.00 price objective (down from $53.00) on shares of Molson Coors Beverage in a report on Wednesday, November 19th. Finally, The Goldman Sachs Group cut their price objective on shares of Molson Coors Beverage from $67.00 to $57.00 and set a “buy” rating on the stock in a research note on Thursday, October 2nd. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $53.18.

Insider Buying and Selling at Molson Coors Beverage

In related news, Director David S. Coors acquired 2,245 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The shares were bought at an average price of $44.47 per share, with a total value of $99,835.15. Following the completion of the transaction, the director directly owned 30,586 shares in the company, valued at $1,360,159.42. This trade represents a 7.92% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrew Thomas Molson purchased 7,500 shares of the stock in a transaction dated Monday, November 10th. The stock was purchased at an average price of $46.79 per share, for a total transaction of $350,925.00. Following the completion of the acquisition, the director directly owned 22,654 shares in the company, valued at approximately $1,059,980.66. This represents a 49.49% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 2.71% of the company’s stock.

Institutional Investors Weigh In On Molson Coors Beverage

Large investors have recently made changes to their positions in the stock. Choreo LLC lifted its position in Molson Coors Beverage by 83.5% during the fourth quarter. Choreo LLC now owns 12,303 shares of the company’s stock worth $576,000 after buying an additional 5,597 shares in the last quarter. Howard Capital Management Inc. increased its stake in shares of Molson Coors Beverage by 158.7% in the 4th quarter. Howard Capital Management Inc. now owns 19,954 shares of the company’s stock worth $931,000 after acquiring an additional 12,242 shares during the last quarter. Apollon Wealth Management LLC purchased a new position in shares of Molson Coors Beverage during the 4th quarter worth $241,000. V Square Quantitative Management LLC purchased a new stake in shares of Molson Coors Beverage in the fourth quarter valued at about $282,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Molson Coors Beverage in the fourth quarter valued at about $562,000. 78.46% of the stock is currently owned by hedge funds and other institutional investors.

Molson Coors Beverage Price Performance

Shares of Molson Coors Beverage stock traded down $0.37 on Friday, hitting $49.40. The company’s stock had a trading volume of 333,819 shares, compared to its average volume of 2,710,834. The company has a market capitalization of $9.76 billion, a price-to-earnings ratio of -4.63 and a beta of 0.45. Molson Coors Beverage has a 1 year low of $42.94 and a 1 year high of $64.66. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.45 and a current ratio of 0.60. The firm has a fifty day moving average price of $47.15 and a 200-day moving average price of $47.80.

Molson Coors Beverage (NYSE:TAP) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.72 by ($0.05). Molson Coors Beverage had a positive return on equity of 8.78% and a negative net margin of 15.89%.The company had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $3.02 billion. Molson Coors Beverage has set its FY 2025 guidance at 5.360-5.360 EPS. As a group, sell-side analysts anticipate that Molson Coors Beverage will post 6.35 earnings per share for the current fiscal year.

Molson Coors Beverage Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Friday, December 5th. Molson Coors Beverage’s dividend payout ratio is currently -17.60%.

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.