Squarepoint Ops LLC Grows Position in Molson Coors Beverage Company $TAP

Key Points

• Squarepoint Ops increased its Molson Coors position by 8.1% in the second quarter, acquiring 89,398 additional shares and bringing its holdings to 1.19 million shares valued at approximately $46.4 million. Institutional investors collectively own 78.46% of TAP.
• Molson Coors reported quarterly EPS of $1.58, exceeding estimates of $1.51, while revenue reached $3.10 billion, up slightly from expectations but down 3.3% year over year.
• The company declared a quarterly dividend of $0.48, equivalent to $1.92 annually and a 4.9% yield. Analysts maintain a consensus “Hold” rating with an average price target of $44.18, compared with a recent share price of $38.86.

Squarepoint Ops LLC raised its holdings in shares of Molson Coors Beverage Company (NYSE:TAP - Free Report) by 8.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,190,275 shares of the company's stock after buying an additional 89,398 shares during the period. Squarepoint Ops LLC owned about 0.63% of Molson Coors Beverage worth $46,373,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of TAP. SBI Securities Co. Ltd. grew its stake in Molson Coors Beverage by 84.1% in the fourth quarter. SBI Securities Co. Ltd. now owns 534 shares of the company's stock worth $25,000 after purchasing an additional 244 shares in the last quarter. Basepoint Wealth LLC purchased a new stake in shares of Molson Coors Beverage in the 4th quarter worth $26,000. Smartleaf Asset Management LLC lifted its holdings in shares of Molson Coors Beverage by 64.2% in the 2nd quarter. Smartleaf Asset Management LLC now owns 565 shares of the company's stock worth $27,000 after buying an additional 221 shares during the period. Larson Financial Group LLC grew its position in shares of Molson Coors Beverage by 551.1% during the 4th quarter. Larson Financial Group LLC now owns 612 shares of the company's stock worth $29,000 after buying an additional 518 shares in the last quarter. Finally, Clearstead Advisors LLC increased its stake in shares of Molson Coors Beverage by 223.0% during the fourth quarter. Clearstead Advisors LLC now owns 659 shares of the company's stock valued at $31,000 after buying an additional 455 shares during the period. 78.46% of the stock is currently owned by hedge funds and other institutional investors.

Molson Coors Beverage Price Performance

Shares of TAP stock opened at $38.86 on Wednesday. Molson Coors Beverage Company has a fifty-two week low of $38.04 and a fifty-two week high of $54.82. The firm has a market capitalization of $7.29 billion, a price-to-earnings ratio of -3.37 and a beta of 0.42. 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's 50-day simple moving average is $41.04 and its 200-day simple moving average is $42.21.

Molson Coors Beverage (NYSE:TAP - Get Free Report) last released its 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 firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.08 billion. During the same period in the prior year, the firm earned $2.05 EPS. 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. As a group, equities analysts forecast that Molson Coors Beverage Company will post 4.81 earnings per share for the current fiscal year.

Molson Coors Beverage Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, August 28th will be given a $0.48 dividend. The ex-dividend date is Friday, August 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.9%. Molson Coors Beverage's dividend payout ratio is -16.64%.

Analyst Ratings Changes

Several research analysts have issued reports on TAP shares. TD Cowen upgraded shares of Molson Coors Beverage to a "hold" rating in a report on Friday, June 26th. Sanford C. Bernstein cut their price objective on shares of Molson Coors Beverage from $74.00 to $45.00 and set a "market perform" rating on the stock in a report on Tuesday, May 26th. Citigroup lowered their target price 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. Jefferies Financial Group reduced their price target on Molson Coors Beverage from $43.00 to $41.00 in a research report on Friday, June 12th. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Molson Coors Beverage in a research report on Wednesday, June 24th. Four equities 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's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $44.18.

Molson Coors Beverage Company 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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