Osaic Holdings Inc. Has $3.86 Million Position in Molson Coors Beverage Company $TAP

Osaic Holdings Inc. lifted its stake in shares of Molson Coors Beverage Company (NYSE:TAP) by 220.0% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 80,338 shares of the company’s stock after buying an additional 55,230 shares during the quarter. Osaic Holdings Inc.’s holdings in Molson Coors Beverage were worth $3,863,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Geneos Wealth Management Inc. raised 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 acquiring an additional 198 shares during the period. Signet Financial Management LLC increased its stake in shares of Molson Coors Beverage by 3.7% during the second quarter. Signet Financial Management LLC now owns 5,757 shares of the company’s stock worth $277,000 after purchasing an additional 208 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of Molson Coors Beverage by 64.2% during the second 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. Yousif Capital Management LLC lifted its holdings in Molson Coors Beverage by 1.1% during the 2nd quarter. Yousif Capital Management LLC now owns 19,531 shares of the company’s stock worth $939,000 after purchasing an additional 222 shares during the last quarter. Finally, Penserra Capital Management LLC boosted its stake in Molson Coors Beverage by 1.7% in the 2nd quarter. Penserra Capital Management LLC now owns 15,699 shares of the company’s stock valued at $754,000 after purchasing an additional 257 shares during the period. Institutional investors own 78.46% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on TAP. Citigroup lowered their price objective on Molson Coors Beverage from $51.00 to $49.00 and set a “neutral” rating on the stock in a research report on Thursday, October 9th. UBS Group lowered their price target on shares of Molson Coors Beverage from $49.00 to $47.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 5th. JPMorgan Chase & Co. began coverage on shares of Molson Coors Beverage in a report on Wednesday, November 5th. They issued a “neutral” rating and a $49.00 price objective for the company. Needham & Company LLC decreased their target price on shares of Molson Coors Beverage from $58.00 to $54.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Finally, Jefferies Financial Group dropped their price target on shares of Molson Coors Beverage from $51.00 to $48.00 and set a “hold” rating for the company in a research report on Tuesday, November 4th. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $53.59.

Insider Buying and Selling at Molson Coors Beverage

In other Molson Coors Beverage news, Director David S. Coors acquired 2,245 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The stock was acquired at an average cost of $44.47 per share, for a total transaction of $99,835.15. Following the transaction, the director directly owned 30,586 shares in the company, valued at $1,360,159.42. This represents a 7.92% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Andrew Thomas Molson acquired 7,500 shares of Molson Coors Beverage stock in a transaction that occurred on Monday, November 10th. The stock was acquired at an average cost of $46.79 per share, for a total transaction of $350,925.00. Following the completion of the purchase, the director directly owned 22,654 shares of the company’s stock, valued at $1,059,980.66. This represents a 49.49% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 2.71% of the stock is owned by corporate insiders.

Molson Coors Beverage Price Performance

Shares of NYSE:TAP opened at $46.33 on Thursday. The firm has a 50 day moving average of $46.11 and a 200-day moving average of $47.98. Molson Coors Beverage Company has a 12 month low of $42.94 and a 12 month high of $64.66. The company has a current ratio of 0.60, a quick ratio of 0.45 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $9.16 billion, a PE ratio of -4.34 and a beta of 0.45.

Molson Coors Beverage (NYSE:TAP) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $1.67 earnings per share (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 firm had revenue of $2.97 billion for the quarter, compared to analyst estimates of $3.02 billion. Molson Coors Beverage has set its FY 2025 guidance at 5.360-5.360 EPS. On average, equities research analysts predict that Molson Coors Beverage Company will post 6.35 EPS for the current fiscal year.

Molson Coors Beverage Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 4.1%. Molson Coors Beverage’s payout ratio is -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.