Molson Coors Beverage Company $TAP Shares Sold by Sage Capital Advisors llc

Sage Capital Advisors llc lessened its stake in shares of Molson Coors Beverage Company (NYSE:TAP) by 52.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,322 shares of the company’s stock after selling 73,290 shares during the quarter. Sage Capital Advisors llc’s holdings in Molson Coors Beverage were worth $2,584,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Norges Bank acquired a new position in shares of Molson Coors Beverage in the 4th quarter worth approximately $125,755,000. Goldman Sachs Group Inc. increased its holdings in Molson Coors Beverage by 265.3% in 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 during the last quarter. State Street Corp increased its holdings in 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 last quarter. Royal London Asset Management Ltd. raised its position in 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 valued at $98,297,000 after purchasing an additional 1,554,851 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position in Molson Coors Beverage by 152.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,531,145 shares of the company’s stock valued at $118,154,000 after purchasing an additional 1,528,004 shares during the period. 78.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TAP. Zacks Research upgraded Molson Coors Beverage from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Wall Street Zen downgraded Molson Coors Beverage from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Needham & Company LLC reissued a “buy” rating and set a $50.00 target price on shares of Molson Coors Beverage in a research note on Friday. BNP Paribas Exane lowered their target price on Molson Coors Beverage from $36.00 to $35.00 and set an “underperform” rating for the company in a report on Wednesday, June 3rd. Finally, Evercore lowered their target price on Molson Coors Beverage from $50.00 to $47.00 and set an “outperform” rating for the company in a report on Tuesday, April 21st. 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. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $44.18.

Insiders Place Their Bets

In other Molson Coors Beverage news, Director Geoffrey E. Molson sold 1,245 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $42.50, for a total value of $52,912.50. Following the completion of the transaction, the director owned 9,871 shares in the company, valued at $419,517.50. This represents a 11.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.27% of the stock is currently owned by company insiders.

Molson Coors Beverage Trading Down 1.9%

TAP opened at $42.53 on Tuesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.72 and a current ratio of 0.88. Molson Coors Beverage Company has a one year low of $38.04 and a one year high of $54.82. The company has a market cap of $7.98 billion, a P/E ratio of -3.69 and a beta of 0.42. The business’s 50-day simple moving average is $40.42 and its 200-day simple moving average is $43.56.

Molson Coors Beverage (NYSE:TAP) last announced its quarterly earnings results on Thursday, August 6th. The company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $3.08 billion. During the same period in the prior year, the company posted $2.05 earnings per share. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. As a group, equities research analysts expect that Molson Coors Beverage Company will post 4.82 EPS for the current fiscal year.

Molson Coors Beverage Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 28th will be given a $0.48 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.92 dividend on an annualized basis and a yield of 4.5%. Molson Coors Beverage’s payout ratio is -16.64%.

Molson Coors Beverage 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.