WINTON GROUP Ltd Lowers Stock Position in Molson Coors Beverage Company $TAP

WINTON GROUP Ltd trimmed its holdings in Molson Coors Beverage Company (NYSE:TAP) by 63.6% during the second quarter, HoldingsChannel.com reports. The fund owned 55,100 shares of the company’s stock after selling 96,305 shares during the period. WINTON GROUP Ltd’s holdings in Molson Coors Beverage were worth $2,147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of TAP. Basepoint Wealth LLC acquired a new stake in Molson Coors Beverage during the 4th quarter worth $26,000. Smartleaf Asset Management LLC increased its stake in Molson Coors Beverage by 64.2% in the second quarter. Smartleaf Asset Management LLC now owns 565 shares of the company’s stock valued at $27,000 after purchasing an additional 221 shares during the period. Larson Financial Group LLC raised its holdings in shares of Molson Coors Beverage by 551.1% in the fourth quarter. Larson Financial Group LLC now owns 612 shares of the company’s stock valued at $29,000 after buying an additional 518 shares during the last quarter. Clearstead Advisors LLC raised its holdings in shares of Molson Coors Beverage by 223.0% in the fourth quarter. Clearstead Advisors LLC now owns 659 shares of the company’s stock valued at $31,000 after buying an additional 455 shares during the last quarter. Finally, Atlas Capital Advisors Inc. acquired a new stake in shares of Molson Coors Beverage during the fourth quarter worth about $36,000. Hedge funds and other institutional investors own 78.46% of the company’s stock.

Molson Coors Beverage Stock Up 1.4%

Shares of NYSE:TAP opened at $38.98 on Friday. Molson Coors Beverage Company has a fifty-two week low of $37.76 and a fifty-two 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 firm’s 50-day simple moving average is $40.99 and its 200-day simple moving average is $42.04. The company has a market cap of $7.31 billion, a price-to-earnings ratio of -3.38 and a beta of 0.42.

Molson Coors Beverage (NYSE:TAP) last posted its quarterly earnings results on Thursday, August 6th. The company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.07. The firm 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% on a year-over-year basis. During the same period in the prior year, the company posted $2.05 earnings per share. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. As a group, equities research analysts predict that Molson Coors Beverage Company will post 4.81 earnings per share for the current year.

Molson Coors Beverage Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 28th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Friday, August 28th. Molson Coors Beverage’s dividend payout ratio is -16.64%.

Wall Street Analysts Forecast Growth

TAP has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price target on Molson Coors Beverage from $41.00 to $42.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Molson Coors Beverage in a research report on Wednesday, June 24th. Piper Sandler lowered their target price on Molson Coors Beverage from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Friday, August 7th. Sanford C. Bernstein lowered their target price on Molson Coors Beverage from $74.00 to $45.00 and set a “market perform” rating on the stock in a research note on Tuesday, May 26th. Finally, Citigroup dropped their target price on Molson Coors Beverage from $47.00 to $42.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. Four investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $44.18.

Molson Coors Beverage Company Profile

Molson Coors Beverage Company is a global brewer headquartered in Golden, Colorado, and Montreal, Canada. The company produces, markets and distributes beer and other alcoholic beverages through operations in North America, Europe and other international markets.

Its portfolio includes well-known brands such as Coors, Miller, Molson, Carling, Blue Moon, Leinenkugel’s, Peroni Nastro Azzurro, Staropramen and Cobra. Molson Coors also offers a range of flavored alcoholic beverages, hard seltzers and other beverages designed to serve changing consumer preferences.

The company traces its history to the founding of Molson Brewery in Montreal in 1786 and the establishment of Coors Brewing Company in Colorado in 1873.