Molson Coors Beverage Company $TAP Shares Bought by Yousif Capital Management LLC

Yousif Capital Management LLC grew its position in Molson Coors Beverage Company (NYSE:TAP) by 71.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,720 shares of the company’s stock after purchasing an additional 13,272 shares during the period. Yousif Capital Management LLC’s holdings in Molson Coors Beverage were worth $1,157,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TAP. Root Financial Partners LLC bought a new stake in shares of Molson Coors Beverage in the 3rd quarter valued at approximately $86,000. SBI Securities Co. Ltd. raised its position in Molson Coors Beverage by 84.7% during the third quarter. SBI Securities Co. Ltd. now owns 992 shares of the company’s stock valued at $36,000 after acquiring an additional 455 shares in the last quarter. Inlet Private Wealth LLC raised its position in Molson Coors Beverage by 16.8% during the third quarter. Inlet Private Wealth LLC now owns 24,000 shares of the company’s stock valued at $875,000 after acquiring an additional 3,450 shares in the last quarter. Sowell Financial Services LLC lifted its stake in Molson Coors Beverage by 6.5% in the third quarter. Sowell Financial Services LLC now owns 31,879 shares of the company’s stock valued at $1,163,000 after acquiring an additional 1,935 shares during the last quarter. Finally, Range Financial Group LLC acquired a new stake in Molson Coors Beverage in the third quarter valued at approximately $212,000. 78.46% of the stock is owned by hedge funds and other institutional investors.

Molson Coors Beverage Stock Up 2.3%

Shares of TAP stock opened at $40.11 on Friday. The stock’s 50 day simple moving average is $38.96 and its 200 day simple moving average is $42.50. Molson Coors Beverage Company has a twelve month low of $35.52 and a twelve month high of $54.82. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.72 and a current ratio of 0.88. The company has a market capitalization of $8.40 billion, a price-to-earnings ratio of -3.48 and a beta of 0.43.

Molson Coors Beverage (NYSE:TAP) last announced its earnings results on Thursday, August 6th. The company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.07. Molson Coors Beverage had a positive return on equity of 9.46% and a negative net margin of 17.83%. The firm had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.08 billion. During the same quarter in the prior year, the business earned $2.05 earnings per share. The company’s revenue was down 3.3% on a year-over-year basis. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. As a group, research analysts predict that Molson Coors Beverage Company will post 4.77 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Barclays decreased their target price on shares of Molson Coors Beverage from $41.00 to $36.00 and set an “underweight” rating for the company in a research report on Friday, October 16th. Citigroup cut their price target on shares of Molson Coors Beverage from $42.00 to $40.00 and set a “neutral” rating on the stock in a report on Wednesday, October 14th. JPMorgan Chase & Co. reduced their price objective on shares of Molson Coors Beverage from $42.00 to $41.00 and set a “neutral” rating for the company in a research note on Monday, October 26th. UBS Group upped their price objective on shares of Molson Coors Beverage from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft set a $41.00 price objective on shares of Molson Coors Beverage in a report on Wednesday, July 22nd. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $43.06.

Molson Coors Beverage Profile

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.