Capital Management Corp VA Grows Position in Molson Coors Beverage Company $TAP

Capital Management Corp VA boosted its stake in shares of Molson Coors Beverage Company (NYSE:TAP) by 38.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 139,657 shares of the company’s stock after acquiring an additional 38,754 shares during the quarter. Capital Management Corp VA’s holdings in Molson Coors Beverage were worth $6,319,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new position in Molson Coors Beverage during the 3rd quarter worth about $25,000. Clearstead Trust LLC increased its stake in shares of Molson Coors Beverage by 952.8% during the second quarter. Clearstead Trust LLC now owns 558 shares of the company’s stock worth $27,000 after buying an additional 505 shares during the period. Smartleaf Asset Management LLC increased its position in shares of 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 purchasing an additional 221 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in Molson Coors Beverage by 32.9% in the first quarter. Geneos Wealth Management Inc. now owns 800 shares of the company’s stock valued at $49,000 after buying an additional 198 shares during the last quarter. Finally, Versant Capital Management Inc increased its holdings in shares of Molson Coors Beverage by 175.7% in the 3rd quarter. Versant Capital Management Inc now owns 1,202 shares of the company’s stock valued at $54,000 after acquiring an additional 766 shares during the last quarter. 78.46% of the stock is currently owned by institutional investors and hedge funds.

Molson Coors Beverage Price Performance

Molson Coors Beverage stock opened at $48.01 on Friday. Molson Coors Beverage Company has a 12-month low of $42.94 and a 12-month high of $64.66. The firm’s 50-day moving average is $47.44 and its two-hundred day moving average is $47.74. The stock has a market capitalization of $9.49 billion, a P/E ratio of -4.50 and a beta of 0.45. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.60 and a quick ratio of 0.45.

Molson Coors Beverage (NYSE:TAP) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.72 by ($0.05). Molson Coors Beverage had a negative net margin of 15.89% and a positive return on equity of 8.78%. The business had revenue of $2.97 billion during 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. Equities analysts predict that Molson Coors Beverage Company will post 6.35 earnings per share for the current year.

Molson Coors Beverage Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were given a $0.47 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $1.88 annualized dividend and a dividend yield of 3.9%. Molson Coors Beverage’s dividend payout ratio (DPR) is currently -17.60%.

Insider Buying and Selling

In related news, Director David S. Coors purchased 2,245 shares of the firm’s stock in a transaction on Wednesday, November 5th. The shares were bought at an average price of $44.47 per share, for a total transaction of $99,835.15. Following the acquisition, 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 filing with the SEC, which is available at this link. Also, Director Andrew Thomas Molson bought 7,500 shares of Molson Coors Beverage stock in a transaction that occurred on 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 acquisition, the director directly owned 22,654 shares of the company’s stock, valued at $1,059,980.66. The trade was a 49.49% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 2.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TAP. Sanford C. Bernstein dropped their target price on shares of Molson Coors Beverage from $54.00 to $50.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 5th. Evercore ISI decreased their price objective on Molson Coors Beverage from $53.00 to $50.00 and set an “outperform” rating for the company in a research report on Wednesday, November 5th. UBS Group raised their target price on shares of Molson Coors Beverage from $47.00 to $50.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Weiss Ratings reissued a “sell (d)” rating on shares of Molson Coors Beverage in a report on Monday, December 29th. Finally, BNP Paribas Exane cut shares of Molson Coors Beverage from a “hold” rating to a “strong sell” rating and set a $40.00 price objective for the company. in a research note on Friday, January 16th. Five investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $53.18.

About Molson Coors Beverage

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.