Wilsey Asset Management Inc. Purchases 79,913 Shares of Molson Coors Beverage Company $TAP

Key Points

• Wilsey Asset Management increased its Molson Coors stake by 11.8%, purchasing 79,913 shares to reach 755,639 shares valued at approximately $29.4 million. Institutional investors collectively own 78.46% of TAP.
• Molson Coors beat second-quarter expectations with adjusted EPS of $1.58 and revenue of $3.10 billion, but revenue declined 3.3% year over year amid weaker volumes and demand challenges. Management reaffirmed its 2026 EPS and revenue outlook.
• Analyst sentiment remains mixed: Needham maintained a Buy rating with a $50 target, while the broader consensus is Hold with a $44.24 target. The company also declared a quarterly dividend of $0.48, representing a 4.4% annualized yield.

Wilsey Asset Management Inc. boosted its position in shares of Molson Coors Beverage Company (NYSE:TAP - Free Report) by 11.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 755,639 shares of the company's stock after purchasing an additional 79,913 shares during the quarter. Molson Coors Beverage accounts for about 4.3% of Wilsey Asset Management Inc.'s investment portfolio, making the stock its 17th biggest holding. Wilsey Asset Management Inc. owned about 0.40% of Molson Coors Beverage worth $29,440,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Molson Coors Beverage in the fourth quarter worth about $125,755,000. Goldman Sachs Group Inc. lifted its holdings in shares of Molson Coors Beverage by 265.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,922,022 shares of the company's stock valued at $136,400,000 after purchasing an additional 2,122,085 shares in the last quarter. State Street Corp grew its position in shares of Molson Coors Beverage by 19.2% in the 3rd quarter. State Street Corp now owns 10,516,810 shares of the company's stock valued at $475,886,000 after purchasing an additional 1,693,682 shares during the period. Royal London Asset Management Ltd. grew its position in shares of Molson Coors Beverage by 317.9% in the 2nd quarter. Royal London Asset Management Ltd. now owns 2,044,028 shares of the company's stock valued at $98,297,000 after purchasing an additional 1,554,851 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in Molson Coors Beverage by 152.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,531,145 shares of the company's stock worth $118,154,000 after purchasing an additional 1,528,004 shares in the last quarter. Institutional investors own 78.46% of the company's stock.

Key Molson Coors Beverage News

Here are the key news stories impacting Molson Coors Beverage this week:

• Positive Sentiment: Q2 earnings exceeded expectations. Molson Coors reported adjusted EPS of $1.58, above the $1.51 consensus estimate, while revenue of $3.10 billion also topped estimates of $3.08 billion. Pricing actions and cost savings offset weaker volumes. Molson Coors Q2 Earnings Beat Estimates on Pricing and Cost Savings
• Positive Sentiment: Management reaffirmed its 2026 outlook. The company maintained its projected EPS range of approximately $4.61 to $4.82 and revenue outlook of $11.0 billion to $11.3 billion. It also plans 1% to 2% pricing increases, supporting expectations for continued margin protection. Molson Coors Reaffirms 2026 Outlook
• Positive Sentiment: Needham reaffirmed its Buy rating and assigned a $50 price target, implying roughly 15% upside from the referenced share price. This provides a bullish counterpoint to more cautious analyst views. Needham Reaffirms Buy Rating
• Neutral Sentiment: Analyst sentiment remains mixed. The broader analyst consensus is Hold, while Piper Sandler lowered its target from $45 to $44 and retained a Neutral rating. Consensus Hold Recommendation
• Neutral Sentiment: Execution is now the main focus. Commentary following the results highlights the need for Molson Coors to convert pricing and cost initiatives into sustainable growth while addressing demand challenges. Molson Coors Update Puts Execution in Focus
• Negative Sentiment: Underlying operating trends remain weak. Second-quarter sales declined 3.3% year over year, income before taxes fell 49%, and EPS dropped from $2.05 a year earlier as sluggish demand, lower volumes and higher supply costs pressured results. Molson Coors Sales Fall Amid Demand Challenges

Insider Buying and Selling at Molson Coors Beverage

In related news, Director Geoffrey E. Molson sold 1,245 shares of the business's stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $42.50, for a total transaction of $52,912.50. Following the transaction, the director directly owned 9,871 shares in the company, valued at approximately $419,517.50. The trade was a 11.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.27% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TAP. Wells Fargo & Company cut their price target on shares of Molson Coors Beverage from $43.00 to $41.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 8th. UBS Group reissued a "neutral" rating and set a $45.00 price objective on shares of Molson Coors Beverage in a research report on Friday. Needham & Company LLC restated a "buy" rating and set a $50.00 price objective on shares of Molson Coors Beverage in a report on Friday. 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 research report on Tuesday, May 26th. Finally, Piper Sandler reduced their target price on shares of Molson Coors Beverage from $45.00 to $44.00 and set a "neutral" rating for the company in a research note on Friday. Four investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $44.24.

Molson Coors Beverage Stock Performance

TAP opened at $43.46 on Friday. Molson Coors Beverage Company has a 52-week low of $38.04 and a 52-week high of $54.82. The firm has a market capitalization of $8.15 billion, a PE ratio of -3.77 and a beta of 0.42. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.38 and a current ratio of 0.88. The business's 50-day simple moving average is $40.35 and its 200 day simple moving average is $43.65.

Molson Coors Beverage (NYSE:TAP - Get Free Report) last posted its quarterly earnings results 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. The firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate 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 revenue was down 3.3% compared to the same quarter last year. During the same period last year, the company earned $2.05 earnings per share. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. As a group, sell-side analysts expect that Molson Coors Beverage Company will post 4.7 earnings per share for the current fiscal year.

Molson Coors Beverage Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 28th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.92 annualized dividend and a dividend yield of 4.4%. Molson Coors Beverage's dividend payout ratio (DPR) is currently -18.05%.

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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