Molson Coors Beverage Company $TAP Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its position in Molson Coors Beverage Company (NYSE:TAP) by 51.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 34,239 shares of the company’s stock after purchasing an additional 11,613 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Molson Coors Beverage were worth $1,582,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Dodge & Cox grew its holdings in shares of Molson Coors Beverage by 29.4% during 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. Royal London Asset Management Ltd. boosted its position in Molson Coors Beverage by 317.9% during the second quarter. Royal London Asset Management Ltd. now owns 2,044,028 shares of the company’s stock worth $98,297,000 after acquiring an additional 1,554,851 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Molson Coors Beverage by 22.9% during the third quarter. Dimensional Fund Advisors LP now owns 6,425,043 shares of the company’s stock worth $290,741,000 after acquiring an additional 1,195,249 shares during the last quarter. Finally, Citigroup Inc. grew its stake in Molson Coors Beverage by 148.5% during the 3rd quarter. Citigroup Inc. now owns 1,364,241 shares of the company’s stock valued at $61,732,000 after acquiring an additional 815,348 shares in the last quarter. Institutional investors and hedge funds own 78.46% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on TAP shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Molson Coors Beverage in a report on Friday, March 27th. Jefferies Financial Group set a $45.00 price target on Molson Coors Beverage in a research report on Thursday, February 19th. Bank of America cut Molson Coors Beverage from a “neutral” rating to an “underperform” rating and cut their price target for the company from $50.00 to $42.00 in a report on Wednesday, February 25th. Barclays reduced their price objective on Molson Coors Beverage from $47.00 to $40.00 and set an “underweight” rating on the stock in a research report on Wednesday, March 25th. Finally, Zacks Research lowered Molson Coors Beverage from a “hold” rating to a “strong sell” rating in a research note on Friday, February 20th. Four research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Molson Coors Beverage presently has an average rating of “Reduce” and a consensus target price of $48.12.

Molson Coors Beverage Price Performance

Shares of TAP stock opened at $44.02 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.55 and a quick ratio of 0.42. The company has a market capitalization of $8.27 billion, a PE ratio of -4.06 and a beta of 0.50. The firm’s 50-day moving average is $47.05 and its two-hundred day moving average is $46.70. Molson Coors Beverage Company has a 12 month low of $41.04 and a 12 month high of $63.50.

Molson Coors Beverage (NYSE:TAP) last posted 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. The business had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2.71 billion. Molson Coors Beverage had a negative net margin of 16.41% and a positive return on equity of 9.04%. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.30 EPS. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. Analysts predict that Molson Coors Beverage Company will post 6.35 earnings per share for the current year.

Molson Coors Beverage Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, March 6th were given a $0.48 dividend. The ex-dividend date 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 annualized dividend and a yield of 4.4%. Molson Coors Beverage’s dividend payout ratio (DPR) is currently -17.70%.

Insider Transactions at Molson Coors Beverage

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