Public Employees Retirement System of Ohio Makes New $1.85 Million Investment in Molson Coors Beverage Company $TAP

Key Points

• Public Employees Retirement System of Ohio purchased 47,453 Molson Coors shares worth approximately $1.85 million in the second quarter. Institutional investors collectively own 78.46% of the company.
• Molson Coors exceeded quarterly earnings expectations, reporting $1.58 in EPS versus a $1.51 consensus estimate and $3.10 billion in revenue, although revenue declined 3.3% year over year.
• The company declared a quarterly dividend of $0.48 per share, equivalent to $1.92 annually and a 4.7% yield. Analysts maintain a consensus “Hold” rating with a target price of $44.18, compared with a recent share price of $40.56.

Public Employees Retirement System of Ohio purchased a new stake in Molson Coors Beverage Company (NYSE:TAP - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 47,453 shares of the company's stock, valued at approximately $1,849,000.

A number of other institutional investors and hedge funds also recently modified their holdings of TAP. Caxton Associates LLP acquired a new stake in shares of Molson Coors Beverage in the first quarter worth approximately $202,000. United Services Automobile Association acquired a new position in Molson Coors Beverage during the first quarter worth approximately $215,000. Woodline Partners LP raised its stake 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 during the period. Geneos Wealth Management Inc. raised its position in shares of Molson Coors Beverage by 32.9% in the 1st 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 period. Finally, First Trust Advisors LP raised 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 worth $19,889,000 after purchasing an additional 18,566 shares during the period. Institutional investors and hedge funds own 78.46% of the company's stock.

Molson Coors Beverage Price Performance

Shares of TAP stock opened at $40.56 on Monday. The firm has a fifty day simple moving average of $41.02 and a 200-day simple moving average of $42.37. The company has a market capitalization of $7.61 billion, a PE ratio of -3.51 and a beta of 0.42. Molson Coors Beverage Company has a twelve month low of $38.04 and a twelve month high of $54.82. The company has a current ratio of 0.88, a quick ratio of 0.72 and a debt-to-equity ratio of 0.55.

Molson Coors Beverage (NYSE:TAP - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.08 billion. During the same quarter in the previous year, the firm posted $2.05 EPS. The firm's quarterly 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. Equities research analysts anticipate that Molson Coors Beverage Company will post 4.81 earnings per share for the current fiscal 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 dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Friday, August 28th. Molson Coors Beverage's payout ratio is presently -16.64%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. TD Cowen upgraded shares of Molson Coors Beverage to a "hold" rating in a report on Friday, June 26th. Deutsche Bank Aktiengesellschaft set a $41.00 price objective on Molson Coors Beverage in a research report on Wednesday, July 22nd. BNP Paribas Exane reduced their price objective on Molson Coors Beverage from $36.00 to $35.00 and set an "underperform" rating on the stock in a research note on Wednesday, June 3rd. Piper Sandler decreased their target price on Molson Coors Beverage from $45.00 to $44.00 and set a "neutral" rating for the company in a research report on Friday, August 7th. Finally, Wells Fargo & Company lowered their target price on Molson Coors Beverage from $43.00 to $41.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 8th. Four research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $44.18.

About Molson Coors Beverage

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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