Molson Coors Beverage Company $TAP Shares Acquired by Bank of America Corp DE

Key Points

• Bank of America increased its Molson Coors stake by 36.5% in the first quarter, adding 317,387 shares to hold 1.19 million shares valued at approximately $51.2 million. Institutional investors and hedge funds collectively own 78.46% of TAP.
• Analysts maintain a generally cautious view, with an average rating of “Hold” and a consensus price target of $44.18. Recent target adjustments have mostly been lower, despite some analysts retaining Buy or Outperform ratings.
• Molson Coors exceeded quarterly earnings and revenue expectations, reporting $1.58 in EPS and $3.10 billion in revenue, though revenue declined 3.3% year over year. The company also declared a quarterly dividend of $0.48 per share, representing a 4.6% annualized yield.

Bank of America Corp DE increased its stake in shares of Molson Coors Beverage Company (NYSE:TAP - Free Report) by 36.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,187,921 shares of the company's stock after acquiring an additional 317,387 shares during the period. Bank of America Corp DE owned about 0.63% of Molson Coors Beverage worth $51,152,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TAP. SBI Securities Co. Ltd. boosted its position in Molson Coors Beverage by 84.1% in the 4th quarter. SBI Securities Co. Ltd. now owns 534 shares of the company's stock worth $25,000 after purchasing an additional 244 shares in the last quarter. Basepoint Wealth LLC acquired a new position in shares of Molson Coors Beverage in the 4th quarter valued at $26,000. Smartleaf Asset Management LLC boosted its holdings in 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 buying an additional 221 shares in the last quarter. Larson Financial Group LLC boosted its holdings in Molson Coors Beverage by 551.1% during the fourth quarter. Larson Financial Group LLC now owns 612 shares of the company's stock worth $29,000 after buying an additional 518 shares in the last quarter. Finally, Clearstead Advisors LLC grew its position in Molson Coors Beverage by 223.0% during the fourth quarter. Clearstead Advisors LLC now owns 659 shares of the company's stock valued at $31,000 after buying an additional 455 shares during the period. 78.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Molson Coors Beverage

In related news, Director Geoffrey E. Molson sold 1,245 shares of the business's stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $42.50, for a total transaction of $52,912.50. Following the completion of the sale, the director directly owned 9,871 shares in the company, valued at approximately $419,517.50. The trade was a 11.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.27% of the company's stock.

Analyst Ratings Changes

TAP has been the subject of a number of recent analyst reports. TD Cowen raised shares of Molson Coors Beverage to a "hold" rating in a report on Friday, June 26th. Evercore lowered their target price on shares of Molson Coors Beverage from $50.00 to $47.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 21st. Wells Fargo & Company dropped their target price on Molson Coors Beverage from $43.00 to $41.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 8th. JPMorgan Chase & Co. lifted their price target on Molson Coors Beverage from $41.00 to $42.00 and gave the company a "neutral" rating in a research note on Monday. Finally, Morgan Stanley reduced their price target on Molson Coors Beverage from $52.00 to $46.00 and set an "equal weight" rating for the company in a report on Monday, May 4th. Four investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $44.18.

Molson Coors Beverage Stock Performance

TAP opened at $41.99 on Wednesday. The firm's fifty day simple moving average is $40.48 and its two-hundred day simple moving average is $43.50. Molson Coors Beverage Company has a 52-week low of $38.04 and a 52-week high of $54.82. The company has a market cap of $7.88 billion, a price-to-earnings ratio of -3.64 and a beta of 0.42. The company has a quick ratio of 0.72, a current ratio of 0.88 and a debt-to-equity ratio of 0.55.

Molson Coors Beverage (NYSE:TAP - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $1.58 EPS for the quarter, topping the consensus estimate 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 company had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.08 billion. During the same period in the previous year, the business earned $2.05 EPS. Molson Coors Beverage's quarterly 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. Equities analysts anticipate that Molson Coors Beverage Company will post 4.82 earnings per share for the current fiscal year.

Molson Coors Beverage Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 28th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.6%. Molson Coors Beverage's payout ratio is currently -16.64%.

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.

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