Molson Coors Beverage Company $TAP Stock Sold by Prosperitas Financial LLC

Key Points

• Prosperitas Financial LLC cut its Molson Coors stake by 90% in the third quarter, selling 92,526 shares and retaining 10,227 shares valued at approximately $373,000.
• Institutional ownership remains high at 78.46%, although other firms—including Oppenheimer, Pinnacle Wealth Planning and Financial Solutions Advisory Group—expanded their positions.
• Analyst sentiment is mixed but leans negative: Molson Coors has a consensus “Reduce” rating and a $43.06 target price, while the stock recently traded at $40.11 after reporting quarterly EPS and revenue slightly above expectations.

Prosperitas Financial LLC lessened its position in shares of Molson Coors Beverage Company (NYSE:TAP - Free Report) by 90.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,227 shares of the company's stock after selling 92,526 shares during the quarter. Prosperitas Financial LLC's holdings in Molson Coors Beverage were worth $373,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Financial Solutions Advisory Group Inc. boosted its holdings in shares of Molson Coors Beverage by 12.0% in the third quarter. Financial Solutions Advisory Group Inc. now owns 33,687 shares of the company's stock valued at $1,331,000 after acquiring an additional 3,617 shares during the period. Sage Rhino Capital LLC acquired a new position in shares of Molson Coors Beverage in the 3rd quarter valued at $220,000. Pinnacle Wealth Planning Services Inc. raised its position in Molson Coors Beverage by 7,143.1% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 3,694 shares of the company's stock valued at $135,000 after purchasing an additional 3,643 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in Molson Coors Beverage by 69.3% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 12,344 shares of the company's stock valued at $450,000 after purchasing an additional 5,053 shares during the last quarter. Finally, Park Avenue Securities LLC raised its position in Molson Coors Beverage by 5.6% in the 3rd quarter. Park Avenue Securities LLC now owns 8,885 shares of the company's stock valued at $324,000 after purchasing an additional 469 shares during the last quarter. Institutional investors and hedge funds own 78.46% of the company's stock.

Analysts Set New Price Targets

TAP has been the topic of several research reports. Needham & Company LLC reissued a "buy" rating and set a $50.00 price objective on shares of Molson Coors Beverage in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft set a $41.00 target price on shares of Molson Coors Beverage in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. lowered their price target on Molson Coors Beverage from $42.00 to $41.00 and set a "neutral" rating on the stock in a report on Monday, October 26th. Zacks Research cut Molson Coors Beverage from a "hold" rating to a "strong sell" rating in a research report on Monday, October 19th. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Molson Coors Beverage in a research note on Monday, September 21st. Four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, Molson Coors Beverage has a consensus rating of "Reduce" and a consensus target price of $43.06.

Molson Coors Beverage Stock Up 2.3%

Shares of NYSE:TAP opened at $40.11 on Friday. 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 Company has a 52-week low of $35.52 and a 52-week high of $54.82. The stock's fifty day simple moving average is $38.96 and its 200-day simple moving average is $42.50. The company has a market capitalization of $8.40 billion, a P/E ratio of -3.48 and a beta of 0.43.

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, beating analysts' consensus estimates of $1.51 by $0.07. The business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.08 billion. Molson Coors Beverage had a positive return on equity of 9.46% and a negative net margin of 17.83%. The business's revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.05 earnings per share. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. As a group, equities research analysts forecast that Molson Coors Beverage Company will post 4.77 earnings per share for the current fiscal year.

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.

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