Molson Coors Beverage Company $TAP Stock Sold by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management cut its Molson Coors stake by 16.3%, selling 193,643 shares and retaining 992,868 shares valued at approximately $36.2 million. Institutional investors collectively own 78.46% of TAP.
• Analyst sentiment remains cautious: the stock carries an average “Reduce” rating and a $43.12 price target, with recent downgrades from Barclays, Zacks Research, and BNP Paribas Exane.
• Molson Coors reported quarterly EPS of $1.58, exceeding estimates of $1.51, while revenue reached $3.10 billion but declined 3.3% year over year. TAP was trading at $41.77, up 5.8%.

Robeco Institutional Asset Management B.V. decreased its holdings in Molson Coors Beverage Company (NYSE:TAP - Free Report) by 16.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 992,868 shares of the company's stock after selling 193,643 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.47% of Molson Coors Beverage worth $36,210,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Dimensional Fund Advisors LP boosted its holdings in Molson Coors Beverage by 10.4% in the first 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. Bank of New York Mellon Corp increased its holdings in Molson Coors Beverage by 16.4% during 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 during the period. Nykredit A S acquired a new stake in Molson Coors Beverage in the 2nd quarter valued at about $58,423,000. Squarepoint Ops LLC raised its position in Molson Coors Beverage by 8.1% in the 2nd quarter. Squarepoint Ops LLC now owns 1,190,275 shares of the company's stock valued at $46,373,000 after purchasing an additional 89,398 shares in the last quarter. Finally, Bank of America Corp DE raised its position in 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 valued at $51,152,000 after purchasing an additional 317,387 shares in the last quarter. Hedge funds and other institutional investors own 78.46% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TAP shares. Piper Sandler decreased their price objective on Molson Coors Beverage from $45.00 to $44.00 and set a "neutral" rating for the company in a research note on Friday, August 7th. Barclays cut their target price on shares of Molson Coors Beverage from $41.00 to $36.00 and set an "underweight" rating on the stock in a research note on Friday, October 16th. JPMorgan Chase & Co. raised their target price on shares of Molson Coors Beverage from $41.00 to $42.00 and gave the company a "neutral" rating in a report on Monday, August 10th. Zacks Research downgraded shares of Molson Coors Beverage from a "hold" rating to a "strong sell" rating in a research note on Monday. Finally, BNP Paribas Exane lowered their price target on shares of Molson Coors Beverage from $34.00 to $33.00 and set an "underperform" rating for the company in a report on Friday, September 18th. Four investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and five have assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Reduce" and an average price target of $43.12.

Molson Coors Beverage Trading Up 5.8%

NYSE:TAP opened at $41.77 on Friday. The stock has a 50-day simple moving average of $39.19 and a 200-day simple moving average of $40.63. The stock has a market cap of $8.75 billion, a P/E ratio of -3.62 and a beta of 0.43. Molson Coors Beverage Company has a 1 year low of $35.52 and a 1 year 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.

Molson Coors Beverage (NYSE:TAP - Get Free Report) last released 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. Molson Coors Beverage had a positive return on equity of 9.46% and a negative net margin of 17.83%. The business had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.08 billion. During the same quarter in the prior year, the business posted $2.05 EPS. The business's revenue for the quarter 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, analysts anticipate that Molson Coors Beverage Company will post 4.79 earnings per share for the current fiscal year.

Molson Coors Beverage Company 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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