Pacer Advisors Inc. Has $364,000 Position in Molson Coors Beverage Company $TAP

Key Points

• Pacer Advisors dramatically reduced its Molson Coors stake by 99.1% in the first quarter, selling 899,704 shares and retaining 8,462 shares worth approximately $364,000. Institutional investors collectively own 78.46% of TAP.
• Analysts remain cautious, with a consensus “Hold” rating and an average price target of $44.18. Recent target adjustments generally ranged from $41 to $46.
• Molson Coors beat quarterly earnings expectations with EPS of $1.58 versus $1.51 estimated, though revenue fell 3.3% year over year to $3.10 billion. The company declared a quarterly dividend of $0.48, representing a 4.6% annualized yield.

Pacer Advisors Inc. cut its stake in shares of Molson Coors Beverage Company (NYSE:TAP - Free Report) by 99.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,462 shares of the company's stock after selling 899,704 shares during the quarter. Pacer Advisors Inc.'s holdings in Molson Coors Beverage were worth $364,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in TAP. Caxton Associates LLP acquired a new stake in shares of Molson Coors Beverage during the 1st quarter worth about $202,000. United Services Automobile Association bought a new position in Molson Coors Beverage during the 1st quarter valued at about $215,000. Woodline Partners LP boosted its position in Molson Coors Beverage by 38.7% in the first quarter. Woodline Partners LP now owns 14,546 shares of the company's stock valued at $885,000 after buying an additional 4,056 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Molson Coors Beverage by 32.9% during the first quarter. Geneos Wealth Management Inc. now owns 800 shares of the company's stock worth $49,000 after buying an additional 198 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in Molson Coors Beverage by 4.7% during the second quarter. First Trust Advisors LP now owns 413,578 shares of the company's stock worth $19,889,000 after buying an additional 18,566 shares during the last quarter. Institutional investors and hedge funds own 78.46% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TAP. JPMorgan Chase & Co. lifted their target price on shares of Molson Coors Beverage from $41.00 to $42.00 and gave the company a "neutral" rating in a research note on Monday. Morgan Stanley cut their price objective on Molson Coors Beverage from $52.00 to $46.00 and set an "equal weight" rating for the company in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft set a $41.00 target price on Molson Coors Beverage in a report on Wednesday, July 22nd. Jefferies Financial Group cut their price target on Molson Coors Beverage from $43.00 to $41.00 in a report on Friday, June 12th. Finally, Citigroup reduced their price target on shares of Molson Coors Beverage from $47.00 to $42.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 14th. Four research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $44.18.

Molson Coors Beverage Stock Down 1.2%

NYSE:TAP opened at $41.99 on Wednesday. The stock's fifty day moving average price is $40.48 and its two-hundred day moving average price is $43.50. Molson Coors Beverage Company has a 52-week low of $38.04 and a 52-week 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 $7.88 billion, a price-to-earnings ratio of -3.64 and a beta of 0.42.

Molson Coors Beverage (NYSE:TAP - Get Free Report) last announced 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 firm 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 quarterly revenue was down 3.3% compared to the same quarter last year. During the same period last year, the company earned $2.05 EPS. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. On average, analysts anticipate that Molson Coors Beverage Company will post 4.82 EPS for the current year.

Molson Coors Beverage Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 28th will be issued a $0.48 dividend. The ex-dividend date is Friday, August 28th. This represents a $1.92 annualized dividend and a yield of 4.6%. Molson Coors Beverage's dividend payout ratio (DPR) is currently -16.64%.

Insider Transactions at Molson Coors Beverage

In related news, Director Geoffrey E. Molson sold 1,245 shares of the firm's stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $42.50, for a total value of $52,912.50. Following the transaction, the director owned 9,871 shares in the company, valued at $419,517.50. This trade represents a 11.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.27% of the stock is currently owned by corporate insiders.

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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