Nykredit A S Acquires New Position in Molson Coors Beverage Company $TAP

Key Points

• Nykredit A/S acquired 1.11 million Molson Coors shares worth approximately $43.4 million, giving it a 0.59% stake. Institutional investors collectively own 78.46% of the company.
• Analyst sentiment remains mixed but centered on “Hold,” with a consensus price target of $44.18; ratings include four Buys, eleven Holds and four Sells.
• Molson Coors beat quarterly EPS and revenue expectations, reporting $1.58 EPS on $3.10 billion in revenue, though revenue fell 3.3% year over year. The company also maintains a quarterly dividend of $0.48 per share, representing a 5.1% annualized yield.

Nykredit A S acquired a new position in shares of Molson Coors Beverage Company (NYSE:TAP - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,113,324 shares of the company's stock, valued at approximately $43,375,000. Nykredit A S owned 0.59% of Molson Coors Beverage as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Delta Global Management LP bought a new stake in Molson Coors Beverage in the 4th quarter valued at about $2,360,000. Fairfax Financial Holdings Ltd. Can raised its stake in shares of Molson Coors Beverage by 3.8% during the fourth quarter. Fairfax Financial Holdings Ltd. Can now owns 1,338,500 shares of the company's stock valued at $62,495,000 after purchasing an additional 48,429 shares in the last quarter. Wilsey Asset Management Inc. lifted its holdings in Molson Coors Beverage by 8.9% in the first quarter. Wilsey Asset Management Inc. now owns 675,726 shares of the company's stock worth $29,097,000 after purchasing an additional 55,465 shares during the period. Skylands Capital LLC grew its position in Molson Coors Beverage by 38.0% in the 1st quarter. Skylands Capital LLC now owns 342,800 shares of the company's stock valued at $14,761,000 after buying an additional 94,475 shares in the last quarter. Finally, Jefferies Financial Group Inc. increased its stake in Molson Coors Beverage by 187.9% during the 4th quarter. Jefferies Financial Group Inc. now owns 43,318 shares of the company's stock valued at $2,022,000 after buying an additional 28,272 shares during the period. Institutional investors own 78.46% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TAP. TD Cowen raised shares of Molson Coors Beverage to a "hold" rating in a research note on Friday, June 26th. Deutsche Bank Aktiengesellschaft set a $41.00 target price on Molson Coors Beverage in a report on Wednesday, July 22nd. Citigroup decreased their price target on Molson Coors Beverage from $47.00 to $42.00 and set a "neutral" rating for the company in a research note on Tuesday, July 14th. Weiss Ratings reiterated a "sell (d)" rating on shares of Molson Coors Beverage in a research report on Wednesday, June 24th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $50.00 price objective on shares of Molson Coors Beverage in a research note on Friday, August 7th. Four research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $44.18.

Molson Coors Beverage Trading Down 3.9%

Shares of NYSE:TAP opened at $37.55 on Friday. 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 stock has a market capitalization of $7.04 billion, a price-to-earnings ratio of -3.25 and a beta of 0.42. Molson Coors Beverage Company has a 1-year low of $37.31 and a 1-year high of $54.82. The company has a 50 day moving average price of $40.98 and a 200 day moving average price of $41.69.

Molson Coors Beverage (NYSE:TAP - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $1.58 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts' expectations of $3.08 billion. During the same quarter in the prior year, the company earned $2.05 earnings per share. The firm'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. On average, research analysts anticipate that Molson Coors Beverage Company will post 4.81 EPS for the current fiscal year.

Molson Coors Beverage Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, August 28th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Friday, August 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 5.1%. Molson Coors Beverage's payout ratio is -16.64%.

About Molson Coors Beverage

Molson Coors Beverage Company is a global brewer headquartered in Golden, Colorado, and Montreal, Canada. The company produces, markets and distributes beer and other alcoholic beverages through operations in North America, Europe and other international markets.

Its portfolio includes well-known brands such as Coors, Miller, Molson, Carling, Blue Moon, Leinenkugel's, Peroni Nastro Azzurro, Staropramen and Cobra. Molson Coors also offers a range of flavored alcoholic beverages, hard seltzers and other beverages designed to serve changing consumer preferences.

The company traces its history to the founding of Molson Brewery in Montreal in 1786 and the establishment of Coors Brewing Company in Colorado in 1873.

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