Foster & Motley Inc. Invests $3.08 Million in Molson Coors Beverage Company $TAP

Foster & Motley Inc. purchased a new position in shares of Molson Coors Beverage Company (NYSE:TAP) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 79,059 shares of the company’s stock, valued at approximately $3,080,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. boosted its holdings in shares of Molson Coors Beverage by 84.1% during the fourth quarter. SBI Securities Co. Ltd. now owns 534 shares of the company’s stock worth $25,000 after acquiring an additional 244 shares during the period. Basepoint Wealth LLC acquired a new stake in Molson Coors Beverage during the 4th quarter worth approximately $26,000. Smartleaf Asset Management LLC lifted its holdings in Molson Coors Beverage by 64.2% during the 2nd quarter. Smartleaf Asset Management LLC now owns 565 shares of the company’s stock worth $27,000 after purchasing an additional 221 shares during the last quarter. Larson Financial Group LLC boosted its stake in Molson Coors Beverage by 551.1% in the 4th quarter. Larson Financial Group LLC now owns 612 shares of the company’s stock valued at $29,000 after purchasing an additional 518 shares during the period. Finally, Clearstead Advisors LLC boosted its stake in Molson Coors Beverage by 223.0% in the 4th quarter. Clearstead Advisors LLC now owns 659 shares of the company’s stock valued at $31,000 after purchasing an additional 455 shares during the period. Institutional investors and hedge funds own 78.46% of the company’s stock.

Molson Coors Beverage Stock Up 1.1%

TAP stock opened at $41.19 on Wednesday. The firm has a 50-day moving average price of $40.72 and a 200-day moving average price of $43.25. Molson Coors Beverage Company has a 12 month low of $38.04 and a 12 month high of $54.82. The company has a current ratio of 0.88, a quick ratio of 0.72 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $7.73 billion, a P/E ratio of -3.57 and a beta of 0.42.

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 the consensus estimate of $1.51 by $0.07. The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.08 billion. Molson Coors Beverage had a negative net margin of 17.83% and a positive return on equity of 9.46%. The firm’s revenue was down 3.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.05 EPS. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. As a group, equities research analysts anticipate that Molson Coors Beverage Company will post 4.81 EPS for the current fiscal year.

Molson Coors Beverage Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 28th will be issued a dividend of $0.48 per share. The ex-dividend date is Friday, August 28th. This represents a $1.92 annualized dividend and a dividend yield of 4.7%. Molson Coors Beverage’s dividend payout ratio is -16.64%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Sanford C. Bernstein dropped their target price on Molson Coors Beverage from $74.00 to $45.00 and set a “market perform” rating for the company in a report on Tuesday, May 26th. Needham & Company LLC restated a “buy” rating and issued a $50.00 price target on shares of Molson Coors Beverage in a research note on Friday, August 7th. Morgan Stanley lowered their price target on shares of Molson Coors Beverage from $52.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Monday, May 4th. UBS Group lifted their price objective on shares of Molson Coors Beverage from $40.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Finally, Barclays decreased their target price on shares of Molson Coors Beverage from $43.00 to $41.00 and set an “underweight” rating on the stock in a research report on Friday, May 1st. 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 company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $44.18.

Insider Activity

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

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.