Oak Thistle LLC Invests $3.19 Million in Molson Coors Beverage Company $TAP

Oak Thistle LLC bought a new position in Molson Coors Beverage Company (NYSE:TAP) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 68,420 shares of the company’s stock, valued at approximately $3,194,000. Molson Coors Beverage accounts for 0.4% of Oak Thistle LLC’s holdings, making the stock its 24th biggest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Dodge & Cox lifted its stake in shares of Molson Coors Beverage by 29.4% in the third quarter. Dodge & Cox now owns 18,631,224 shares of the company’s stock worth $843,063,000 after buying an additional 4,235,029 shares in the last quarter. State Street Corp lifted its stake in shares of Molson Coors Beverage by 19.2% in the third quarter. State Street Corp now owns 10,516,810 shares of the company’s stock worth $475,886,000 after buying an additional 1,693,682 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Molson Coors Beverage by 22.9% in the third quarter. Dimensional Fund Advisors LP now owns 6,425,043 shares of the company’s stock worth $290,741,000 after buying an additional 1,195,249 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Molson Coors Beverage by 3.6% in the third quarter. Invesco Ltd. now owns 4,430,544 shares of the company’s stock worth $200,482,000 after buying an additional 152,859 shares in the last quarter. Finally, Royal London Asset Management Ltd. lifted its stake in shares of Molson Coors Beverage by 317.9% in the second quarter. Royal London Asset Management Ltd. now owns 2,044,028 shares of the company’s stock worth $98,297,000 after buying an additional 1,554,851 shares in the last quarter. 78.46% of the stock is owned by hedge funds and other institutional investors.

Molson Coors Beverage Price Performance

Shares of NYSE:TAP opened at $45.08 on Wednesday. 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 Company has a 1-year low of $41.04 and a 1-year high of $62.14. The company has a market capitalization of $8.47 billion, a P/E ratio of -4.15 and a beta of 0.50. The firm’s 50 day simple moving average is $46.88 and its two-hundred day simple moving average is $46.67.

Molson Coors Beverage (NYSE:TAP) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.04. Molson Coors Beverage had a negative net margin of 16.41% and a positive return on equity of 9.04%. The business had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter in the previous year, the firm earned $1.30 earnings per share. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. 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 6.35 EPS for the current fiscal year.

Molson Coors Beverage Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, March 6th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Friday, March 6th. This is a positive change from Molson Coors Beverage’s previous quarterly dividend of $0.47. This represents a $1.92 dividend on an annualized basis and a yield of 4.3%. Molson Coors Beverage’s payout ratio is currently -17.70%.

Insider Transactions at Molson Coors Beverage

In other Molson Coors Beverage news, Director Andrew Thomas Molson purchased 2,000 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were bought at an average price of $46.67 per share, with a total value of $93,340.00. Following the completion of the purchase, the director directly owned 24,654 shares in the company, valued at $1,150,602.18. This trade represents a 8.83% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.71% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on TAP shares. Zacks Research lowered shares of Molson Coors Beverage from a “hold” rating to a “strong sell” rating in a research note on Friday, February 20th. Jefferies Financial Group set a $45.00 price target on shares of Molson Coors Beverage in a research note on Thursday, February 19th. Weiss Ratings reiterated a “sell (d)” rating on shares of Molson Coors Beverage in a research note on Friday, March 27th. Bank of America lowered shares of Molson Coors Beverage from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $50.00 to $42.00 in a research note on Wednesday, February 25th. Finally, TD Cowen reduced their price target on shares of Molson Coors Beverage from $47.00 to $43.00 and set a “hold” rating for the company in a research note on Friday, February 20th. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $47.71.

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.