Readystate Asset Management LP Makes New Investment in Molson Coors Beverage Company $TAP

Readystate Asset Management LP purchased a new position in Molson Coors Beverage Company (NYSE:TAP) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,415 shares of the company’s stock, valued at approximately $523,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. HB Wealth Management LLC increased its stake in Molson Coors Beverage by 60.1% in the second quarter. HB Wealth Management LLC now owns 11,209 shares of the company’s stock valued at $437,000 after acquiring an additional 4,207 shares during the last quarter. AlphaGrep UK Ltd bought a new stake in Molson Coors Beverage during the second quarter worth about $466,000. Prosperitas Financial LLC lifted its stake in Molson Coors Beverage by 17.7% during the second quarter. Prosperitas Financial LLC now owns 102,753 shares of the company’s stock worth $4,003,000 after purchasing an additional 15,474 shares during the last quarter. NEOS Investment Management LLC boosted its holdings in shares of Molson Coors Beverage by 13.8% in the 2nd quarter. NEOS Investment Management LLC now owns 27,496 shares of the company’s stock worth $1,071,000 after purchasing an additional 3,338 shares in the last quarter. Finally, Nykredit A S purchased a new position in shares of Molson Coors Beverage in the 2nd quarter worth about $58,423,000. Hedge funds and other institutional investors own 78.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. TD Cowen raised Molson Coors Beverage to a “hold” rating in a report on Friday, June 26th. Sanford C. Bernstein cut their target price on Molson Coors Beverage from $74.00 to $45.00 and set a “market perform” rating for the company in a research note on Tuesday, May 26th. Wells Fargo & Company reduced their price target on shares of Molson Coors Beverage from $43.00 to $41.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 8th. Jefferies Financial Group decreased their price target on shares of Molson Coors Beverage from $43.00 to $41.00 in a research note on Friday, June 12th. Finally, Wall Street Zen lowered shares of Molson Coors Beverage from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Four analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $44.18.

Molson Coors Beverage Stock Up 0.1%

Shares of NYSE TAP opened at $40.56 on Tuesday. The firm’s fifty day moving average is $41.04 and its 200 day moving average is $42.30. Molson Coors Beverage Company has a 52 week low of $38.04 and a 52 week high of $54.82. The company has a quick ratio of 0.72, a current ratio of 0.88 and a debt-to-equity ratio of 0.55. The company has a market cap of $7.61 billion, a price-to-earnings ratio of -3.51 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 for the quarter, beating the consensus estimate of $1.51 by $0.07. The business 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 firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.05 EPS. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. On average, equities research analysts expect that Molson Coors Beverage Company will post 4.81 earnings per share for the current year.

Molson Coors Beverage Announces Dividend

The company also recently announced 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. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Friday, August 28th. Molson Coors Beverage’s dividend payout ratio is currently -16.64%.

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.