Molson Coors Beverage Company $TAP Stock Position Raised by Prosperitas Financial LLC

Prosperitas Financial LLC grew its position in shares of Molson Coors Beverage Company (NYSE:TAP) by 17.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 102,753 shares of the company’s stock after buying an additional 15,474 shares during the quarter. Prosperitas Financial LLC owned approximately 0.05% of Molson Coors Beverage worth $4,003,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Geneos Wealth Management Inc. raised its position in Molson Coors Beverage by 32.9% during the first quarter. Geneos Wealth Management Inc. now owns 800 shares of the company’s stock valued at $49,000 after acquiring an additional 198 shares in the last quarter. UMB Bank n.a. grew its position in Molson Coors Beverage by 16.5% in the fourth quarter. UMB Bank n.a. now owns 1,467 shares of the company’s stock worth $68,000 after acquiring an additional 208 shares in the last quarter. New York Life Investment Management LLC increased its stake in shares of Molson Coors Beverage by 0.9% during the 4th quarter. New York Life Investment Management LLC now owns 22,904 shares of the company’s stock worth $1,069,000 after purchasing an additional 210 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Molson Coors Beverage by 64.2% during the 2nd quarter. Smartleaf Asset Management LLC now owns 565 shares of the company’s stock valued at $27,000 after purchasing an additional 221 shares in the last quarter. Finally, SBI Securities Co. Ltd. raised its holdings in shares of Molson Coors Beverage by 84.1% during the 4th quarter. SBI Securities Co. Ltd. now owns 534 shares of the company’s stock valued at $25,000 after purchasing an additional 244 shares in the last quarter. Institutional investors own 78.46% of the company’s stock.

Molson Coors Beverage Stock Performance

Shares of TAP opened at $40.42 on Friday. The company has a market capitalization of $7.58 billion, a PE ratio of -3.50 and a beta of 0.42. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.88 and a quick ratio of 0.72. Molson Coors Beverage Company has a one year low of $38.04 and a one year high of $54.82. The company’s fifty day moving average price is $41.04 and its 200 day moving average price is $42.46.

Molson Coors Beverage (NYSE:TAP) last released 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. The company had revenue of $3.10 billion during the quarter, compared to analysts’ expectations 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 business’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.05 earnings per share. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. As a group, analysts expect that Molson Coors Beverage Company will post 4.81 earnings per share for the current year.

Molson Coors Beverage Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 28th will be paid a dividend of $0.48 per share. The ex-dividend date is Friday, August 28th. This represents a $1.92 annualized dividend and a yield of 4.8%. Molson Coors Beverage’s dividend payout ratio is presently -16.64%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Molson Coors Beverage from $41.00 to $42.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. Piper Sandler reduced their price target on Molson Coors Beverage from $45.00 to $44.00 and set a “neutral” rating for the company in a research report on Friday, August 7th. UBS Group increased their price objective on Molson Coors Beverage from $40.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Wall Street Zen downgraded Molson Coors Beverage from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Finally, BNP Paribas Exane reduced 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. Four 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $44.18.

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.