Nykredit A S Takes Position in Molson Coors Beverage Company $TAP

Key Points

• Nykredit A/S acquired 1.50 million Molson Coors shares in the second quarter, valued at approximately $58.4 million and representing a 0.80% stake. Institutional investors collectively own 78.46% of TAP.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and an average price target of $44.18. Recent brokerages lowered targets, while ratings include four Buys, eleven Holds and four Sells.
• Molson Coors beat quarterly earnings and revenue expectations, reporting $1.58 EPS and $3.10 billion in revenue, although revenue fell 3.3% year over year. The company announced a $0.48 quarterly dividend, equal to a 4.7% annualized yield.

Nykredit A S acquired a new position in Molson Coors Beverage Company (NYSE:TAP - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,499,559 shares of the company's stock, valued at approximately $58,423,000. Nykredit A S owned 0.80% of Molson Coors Beverage as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in the stock. Caxton Associates LLP purchased a new position in Molson Coors Beverage in the 1st quarter valued at approximately $202,000. United Services Automobile Association acquired a new stake in shares of Molson Coors Beverage during the 1st quarter worth about $215,000. Woodline Partners LP raised its holdings in Molson Coors Beverage by 38.7% during the first quarter. Woodline Partners LP now owns 14,546 shares of the company's stock worth $885,000 after purchasing an additional 4,056 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in Molson Coors Beverage by 32.9% in the first quarter. Geneos Wealth Management Inc. now owns 800 shares of the company's stock valued at $49,000 after acquiring an additional 198 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Molson Coors Beverage by 4.7% in the 2nd quarter. First Trust Advisors LP now owns 413,578 shares of the company's stock valued at $19,889,000 after purchasing an additional 18,566 shares during the last quarter. 78.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TAP. Deutsche Bank Aktiengesellschaft set a $41.00 price target on Molson Coors Beverage in a report on Wednesday, July 22nd. Piper Sandler dropped 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. Weiss Ratings reiterated a "sell (d)" rating on shares of Molson Coors Beverage in a research report on Wednesday, June 24th. Citigroup cut their price target on Molson Coors Beverage from $47.00 to $42.00 and set a "neutral" rating for the company in a report on Tuesday, July 14th. Finally, Jefferies Financial Group decreased their price target on shares of Molson Coors Beverage from $43.00 to $41.00 in a report on Friday, June 12th. 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 MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $44.18.

Molson Coors Beverage Stock Performance

Shares of TAP opened at $40.50 on Thursday. Molson Coors Beverage Company has a 1 year low of $38.04 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. The company has a market cap of $7.60 billion, a price-to-earnings ratio of -3.51 and a beta of 0.42. The firm has a fifty day moving average of $41.04 and a 200-day moving average of $42.55.

Molson Coors Beverage (NYSE:TAP - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $1.58 earnings per share for the quarter, beating analysts' consensus estimates of $1.51 by $0.07. Molson Coors Beverage had a negative net margin of 17.83% and a positive return on equity of 9.46%. The business had revenue of $3.10 billion for the quarter, compared to analysts' expectations of $3.08 billion. During the same period in the previous year, the business earned $2.05 earnings per share. The company'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. As a group, equities analysts anticipate that Molson Coors Beverage Company will post 4.81 earnings per share for the current year.

Molson Coors Beverage Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 28th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Friday, August 28th. Molson Coors Beverage's dividend payout ratio (DPR) is -16.64%.

Molson Coors Beverage 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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