Valley Wealth Managers Inc. Sells 99,039 Shares of Molson Coors Beverage Company $TAP

Valley Wealth Managers Inc. lessened its holdings in shares of Molson Coors Beverage Company (NYSE:TAP) by 31.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 217,899 shares of the company’s stock after selling 99,039 shares during the period. Valley Wealth Managers Inc. owned approximately 0.11% of Molson Coors Beverage worth $9,860,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Root Financial Partners LLC acquired a new stake in shares of Molson Coors Beverage during the third quarter worth $25,000. Clearstead Trust LLC lifted its holdings in shares of Molson Coors Beverage by 952.8% in the second quarter. Clearstead Trust LLC now owns 558 shares of the company’s stock valued at $27,000 after purchasing an additional 505 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Molson Coors Beverage by 64.2% during the second 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. Geneos Wealth Management Inc. grew its holdings in shares of 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 in the last quarter. Finally, Versant Capital Management Inc raised its position in Molson Coors Beverage by 175.7% in the 3rd quarter. Versant Capital Management Inc now owns 1,202 shares of the company’s stock valued at $54,000 after buying an additional 766 shares during the last quarter. 78.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Barclays reaffirmed an “underweight” rating and set a $49.00 price target on shares of Molson Coors Beverage in a research report on Friday, January 16th. Exane BNP Paribas cut shares of Molson Coors Beverage from a “hold” rating to a “strong sell” rating in a report on Friday, January 16th. The Goldman Sachs Group lowered their price target on shares of Molson Coors Beverage from $67.00 to $57.00 and set a “buy” rating on the stock in a research note on Thursday, October 2nd. Citigroup cut their price target on shares of Molson Coors Beverage from $51.00 to $49.00 and set a “neutral” rating on the stock in a research report on Thursday, October 9th. Finally, Evercore ISI decreased their price objective on Molson Coors Beverage from $53.00 to $50.00 and set an “outperform” rating for the company in a report on Wednesday, November 5th. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $53.18.

Molson Coors Beverage Trading Down 0.5%

Shares of NYSE:TAP opened at $47.51 on Friday. Molson Coors Beverage Company has a 52-week low of $42.94 and a 52-week high of $64.66. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.45 and a current ratio of 0.60. The company has a market capitalization of $9.39 billion, a P/E ratio of -4.45 and a beta of 0.45. The company has a 50-day simple moving average of $47.41 and a 200 day simple moving average of $47.76.

Molson Coors Beverage (NYSE:TAP) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.05). Molson Coors Beverage had a positive return on equity of 8.78% and a negative net margin of 15.89%.The business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $3.02 billion. Molson Coors Beverage has set its FY 2025 guidance at 5.360-5.360 EPS. Sell-side analysts forecast that Molson Coors Beverage Company will post 6.35 earnings per share for the current year.

Molson Coors Beverage Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Friday, December 5th. Molson Coors Beverage’s payout ratio is -17.60%.

Insider Buying and Selling at Molson Coors Beverage

In related news, Director Andrew Thomas Molson acquired 7,500 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were bought at an average cost of $46.79 per share, with a total value of $350,925.00. Following the completion of the transaction, the director directly owned 22,654 shares of the company’s stock, valued at $1,059,980.66. This trade represents a 49.49% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David S. Coors bought 2,245 shares of Molson Coors Beverage stock in a transaction that occurred on Wednesday, November 5th. The shares were bought at an average cost of $44.47 per share, with a total value of $99,835.15. Following the acquisition, the director directly owned 30,586 shares in the company, valued at $1,360,159.42. This trade represents a 7.92% increase in their position. The disclosure for this purchase is available in the SEC filing. 2.71% of the stock is owned by insiders.

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.