New York State Teachers Retirement System Sells 33,071 Shares of Molson Coors Beverage Company $TAP

Key Points

• New York State Teachers Retirement System sold 33,071 shares of Molson Coors, a 19.1% reduction that leaves the fund with 140,056 shares valued at about $6.54 million.
• Molson Coors beat quarterly estimates with $0.62 EPS vs. $0.36 expected and $2.35 billion in revenue, and set FY2026 guidance of $4.607–$4.823 per share (analysts' consensus ~4.73).
• Dividend and market outlook: the company raised its quarterly dividend to $0.48 (annualized $1.92, ~4.5% yield); shares trade near $42.22 and the consensus rating is "Hold" with an average target of $45.71.

New York State Teachers Retirement System reduced its position in Molson Coors Beverage Company (NYSE:TAP - Free Report) by 19.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 140,056 shares of the company's stock after selling 33,071 shares during the quarter. New York State Teachers Retirement System owned about 0.07% of Molson Coors Beverage worth $6,538,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Dodge & Cox boosted its position in shares of Molson Coors Beverage by 29.4% in the third quarter. Dodge & Cox now owns 18,631,224 shares of the company's stock valued at $843,063,000 after acquiring an additional 4,235,029 shares during the period. State Street Corp boosted its position in shares of Molson Coors Beverage by 19.2% in the third quarter. State Street Corp now owns 10,516,810 shares of the company's stock valued at $475,886,000 after acquiring an additional 1,693,682 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Molson Coors Beverage by 22.9% in the third quarter. Dimensional Fund Advisors LP now owns 6,425,043 shares of the company's stock valued at $290,741,000 after acquiring an additional 1,195,249 shares during the period. Royal London Asset Management Ltd. boosted its position in shares of Molson Coors Beverage by 317.9% in the second quarter. Royal London Asset Management Ltd. now owns 2,044,028 shares of the company's stock valued at $98,297,000 after acquiring an additional 1,554,851 shares during the period. Finally, Schroder Investment Management Group boosted its position in shares of Molson Coors Beverage by 21.2% in the third quarter. Schroder Investment Management Group now owns 1,947,454 shares of the company's stock valued at $88,122,000 after acquiring an additional 340,433 shares during the period. 78.46% of the stock is currently owned by institutional investors.

Molson Coors Beverage Trading Up 3.6%

Shares of TAP opened at $42.22 on Wednesday. Molson Coors Beverage Company has a fifty-two week low of $40.64 and a fifty-two week high of $57.57. The firm has a market cap of $7.93 billion, a price-to-earnings ratio of -3.97 and a beta of 0.44. The firm has a 50 day moving average price of $44.31 and a 200-day moving average price of $46.39. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.38 and a current ratio of 0.54.

Molson Coors Beverage (NYSE:TAP - Get Free Report) last released its earnings results on Thursday, April 30th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.36 by $0.26. Molson Coors Beverage had a negative net margin of 16.14% and a positive return on equity of 9.79%. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same quarter last year, the firm earned $0.50 EPS. The firm's quarterly revenue was up 2.0% compared to the same quarter last year. 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 4.73 earnings per share for the current year.

Molson Coors Beverage Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Friday, March 6th were issued a $0.48 dividend. This is an increase from Molson Coors Beverage's previous quarterly dividend of $0.47. This represents a $1.92 annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Friday, March 6th. Molson Coors Beverage's dividend payout ratio (DPR) is presently -18.05%.

Insider Activity at Molson Coors Beverage

In related news, Director Andrew Thomas Molson bought 2,000 shares of the stock in a transaction dated Monday, March 9th. The stock was bought at an average price of $46.67 per share, with a total value of $93,340.00. Following the purchase, the director owned 24,654 shares in the company, valued at approximately $1,150,602.18. The trade was a 8.83% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.27% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on TAP. BNP Paribas Exane lowered shares of Molson Coors Beverage from a "hold" rating to a "strong sell" rating and set a $40.00 target price for the company. in a research report on Friday, January 16th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $42.00 target price on shares of Molson Coors Beverage in a research report on Friday. Wells Fargo & Company dropped their target price on shares of Molson Coors Beverage from $52.00 to $45.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 8th. Zacks Research upgraded shares of Molson Coors Beverage from a "strong sell" rating to a "hold" rating in a research report on Monday, April 13th. Finally, Barclays dropped their target price on shares of Molson Coors Beverage from $43.00 to $41.00 and set an "underweight" rating for the company in a research report on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, Molson Coors Beverage has a consensus rating of "Hold" and an average target price of $45.71.

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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