Skylands Capital LLC Has $11.59 Million Stake in Molson Coors Beverage Company $TAP

Key Points

• Skylands Capital boosted its stake in Molson Coors by 37.5% in Q4 to 248,325 shares worth about $11.59 million, representing ~0.13% of the company and 1.6% of Skylands' portfolio (its 16th-largest holding).
• Molson Coors beat quarterly EPS estimates at $1.21 vs. $1.17 but its revenue missed at $2.03 billion and was down 2.7% YoY; the company set FY2026 EPS guidance of 4.607–4.823 (consensus 4.77).
• The board raised the quarterly dividend to $0.48 (annualized $1.92, ~4.5% yield), while analyst sentiment is mixed with a consensus rating of "Hold" and a $47.47 target.

Skylands Capital LLC grew its holdings in Molson Coors Beverage Company (NYSE:TAP - Free Report) by 37.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 248,325 shares of the company's stock after buying an additional 67,675 shares during the period. Molson Coors Beverage accounts for about 1.6% of Skylands Capital LLC's portfolio, making the stock its 16th biggest holding. Skylands Capital LLC owned approximately 0.13% of Molson Coors Beverage worth $11,592,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in TAP. Caxton Associates LLP acquired a new stake in shares of Molson Coors Beverage in the first quarter valued at approximately $202,000. United Services Automobile Association acquired a new stake in shares of Molson Coors Beverage in the first quarter valued at approximately $215,000. Woodline Partners LP lifted its position in shares of 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 during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of 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 buying an additional 198 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Molson Coors Beverage by 4.7% in the second quarter. First Trust Advisors LP now owns 413,578 shares of the company's stock valued at $19,889,000 after buying an additional 18,566 shares during the last quarter. 78.46% of the stock is owned by institutional investors and hedge funds.

Molson Coors Beverage Stock Performance

TAP opened at $42.62 on Tuesday. The business has a fifty day simple moving average of $44.91 and a 200 day simple moving average of $46.50. The company has a market capitalization of $8.01 billion, a PE ratio of -3.93 and a beta of 0.50. Molson Coors Beverage Company has a 1 year low of $41.04 and a 1 year high of $58.01. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.55 and a quick ratio of 0.42.

Molson Coors Beverage (NYSE:TAP - Get Free Report) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.04. The business had revenue of $2.03 billion during the quarter, compared to analysts' expectations of $2.71 billion. Molson Coors Beverage had a positive return on equity of 9.04% and a negative net margin of 16.41%.The firm's revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.30 earnings per share. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. Research analysts expect that Molson Coors Beverage Company will post 4.77 EPS for the current year.

Molson Coors Beverage Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, March 6th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 4.5%. This is an increase from Molson Coors Beverage's previous quarterly dividend of $0.47. The ex-dividend date was Friday, March 6th. Molson Coors Beverage's dividend payout ratio is presently -17.70%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on TAP shares. TD Cowen cut their price objective on Molson Coors Beverage from $47.00 to $43.00 and set a "hold" rating for the company in a research report on Friday, February 20th. Bank of America lowered Molson Coors Beverage from a "neutral" rating to an "underperform" rating and lowered their target price for the stock from $50.00 to $42.00 in a research note on Wednesday, February 25th. Jefferies Financial Group set a $45.00 price target on Molson Coors Beverage in a report on Thursday, February 19th. BNP Paribas Exane downgraded Molson Coors Beverage from a "hold" rating to a "strong sell" rating and set a $40.00 price target for the company. in a research note on Friday, January 16th. Finally, Zacks Research upgraded Molson Coors Beverage from a "strong sell" rating to a "hold" rating in a research note on Monday, April 13th. Four 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $47.47.

Insider Activity

In related news, Director Andrew Thomas Molson purchased 2,000 shares of the business's stock in a transaction that occurred on Monday, March 9th. The stock was acquired at an average cost of $46.67 per share, for a total transaction of $93,340.00. Following the completion of the purchase, the director owned 24,654 shares in the company, valued at approximately $1,150,602.18. This represents a 8.83% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.27% of the company's stock.

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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