ProShare Advisors LLC Sells 23,785 Shares of Molson Coors Beverage Company $TAP

ProShare Advisors LLC cut its holdings in shares of Molson Coors Beverage Company (NYSE:TAP) by 53.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,726 shares of the company’s stock after selling 23,785 shares during the period. ProShare Advisors LLC’s holdings in Molson Coors Beverage were worth $756,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TAP. Nykredit A S purchased a new stake in Molson Coors Beverage in the second quarter worth $58,423,000. Dimensional Fund Advisors LP increased its position in Molson Coors Beverage by 10.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,363,157 shares of the company’s stock valued at $360,117,000 after purchasing an additional 790,314 shares during the period. Weiss Asset Management LP bought a new position in Molson Coors Beverage in the 1st quarter worth $20,350,000. Bank of New York Mellon Corp raised its holdings in Molson Coors Beverage by 16.4% in the 1st quarter. Bank of New York Mellon Corp now owns 3,326,427 shares of the company’s stock worth $143,236,000 after purchasing an additional 469,607 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Molson Coors Beverage by 36.5% in the 1st quarter. Bank of America Corp DE now owns 1,187,921 shares of the company’s stock worth $51,152,000 after purchasing an additional 317,387 shares during the period. Institutional investors own 78.46% of the company’s stock.

Molson Coors Beverage Price Performance

TAP opened at $40.26 on Friday. The stock has a fifty day simple moving average of $38.95 and a two-hundred day simple moving average of $42.31. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 0.54. The company has a market cap of $8.44 billion, a price-to-earnings ratio of 8.57 and a beta of 0.45. Molson Coors Beverage Company has a 12-month low of $35.52 and a 12-month high of $54.82.

Molson Coors Beverage (NYSE:TAP) last announced its earnings results on Thursday, November 5th. The company reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.02. Molson Coors Beverage had a net margin of 6.95% and a return on equity of 8.92%. The firm had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the previous year, the business posted $1.67 EPS. The company’s quarterly revenue was down 1.6% on a year-over-year basis. Research analysts predict that Molson Coors Beverage Company will post 4.48 earnings per share for the current fiscal year.

More Molson Coors Beverage News

Here are the key news stories impacting Molson Coors Beverage this week:

• Positive Sentiment: Needham & Company maintained a “buy” rating, despite lowering its price target from $50 to $46. The revised target still implies potential upside from the reference price. Needham analyst recommendations
• Neutral Sentiment: Piper Sandler cut its target from $44 to $43 and kept a “neutral” rating, signaling limited conviction in a near-term recovery. Piper Sandler analyst recommendations
• Negative Sentiment: Wells Fargo downgraded TAP from “equal weight” to “underweight” and lowered its target to $36 from $38, citing sales pressure and greater inflation risks extending into 2027. Wells Fargo analyst recommendations Wells Fargo sales and inflation outlook
• Negative Sentiment: Third-quarter revenue was about $2.93 billion, below estimates and down 1.6% year over year. EPS of $1.46 was lower than the $1.67 reported a year earlier and narrowly missed some estimates, though it topped other consensus figures. Weak demand and cost inflation are squeezing results. Q3 earnings and cost inflation
• Negative Sentiment: Molson Coors cut its 2026 sales and earnings outlook and expects soft beer demand to persist, raising concerns about continued revenue and profit pressure. Molson Coors cuts outlook

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. BNP Paribas Exane cut their target price on shares of Molson Coors Beverage from $34.00 to $33.00 and set an “underperform” rating on the stock in a research note on Friday, September 18th. Deutsche Bank Aktiengesellschaft set a $41.00 price target on shares of Molson Coors Beverage in a research note on Wednesday, July 22nd. Barclays lowered their price objective on shares of Molson Coors Beverage from $41.00 to $36.00 and set an “underweight” rating for the company in a report on Friday, October 16th. Piper Sandler lowered their price objective on shares of Molson Coors Beverage from $44.00 to $43.00 and set a “neutral” rating for the company in a report on Friday. Finally, Needham & Company LLC cut their price objective on Molson Coors Beverage from $50.00 to $46.00 and set a “buy” rating on the stock in a research report on Friday. Three equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce” and an average price target of $42.65.

About Molson Coors Beverage

Molson Coors Beverage Company is a global beverage company best known for brewing and marketing beer. Its portfolio includes widely recognized brands such as Coors, Coors Light, Miller Lite, Miller High Life, Molson Canadian, Carling, Blue Moon, Staropramen and Peroni Nastro Azzurro, along with hard seltzers, flavored alcoholic beverages and other adjacent products.

The company serves consumers through a broad network of breweries, distributors and retailers across North America, Europe and other international markets.