Nisa Investment Advisors LLC Lowers Holdings in Molson Coors Beverage Company $TAP

Nisa Investment Advisors LLC lowered its holdings in shares of Molson Coors Beverage Company (NYSE:TAP) by 50.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 15,999 shares of the company’s stock after selling 16,608 shares during the period. Nisa Investment Advisors LLC’s holdings in Molson Coors Beverage were worth $724,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Caxton Associates LLP bought a new position in Molson Coors Beverage in the 1st quarter worth approximately $202,000. United Services Automobile Association bought a new stake in shares of Molson Coors Beverage during the first quarter valued at approximately $215,000. Woodline Partners LP lifted its holdings in shares of Molson Coors Beverage by 38.7% in the first quarter. Woodline Partners LP now owns 14,546 shares of the company’s stock worth $885,000 after buying an additional 4,056 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Molson Coors Beverage by 32.9% during the first quarter. Geneos Wealth Management Inc. now owns 800 shares of the company’s stock worth $49,000 after acquiring an additional 198 shares during the last quarter. Finally, Voya Investment Management LLC grew its stake in Molson Coors Beverage by 0.9% during the first quarter. Voya Investment Management LLC now owns 54,875 shares of the company’s stock valued at $3,340,000 after acquiring an additional 465 shares in the last quarter. 78.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Andrew Thomas Molson acquired 7,500 shares of Molson Coors Beverage stock in a transaction that occurred on Monday, November 10th. The shares were bought at an average cost of $46.79 per share, with a total value of $350,925.00. Following the transaction, the director directly owned 22,654 shares of the company’s stock, valued at $1,059,980.66. This trade represents a 49.49% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director David S. Coors acquired 2,245 shares of the firm’s stock in a transaction on Wednesday, November 5th. The stock was purchased at an average cost of $44.47 per share, with a total value of $99,835.15. Following the purchase, the director owned 30,586 shares of the company’s stock, valued at $1,360,159.42. The trade was a 7.92% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 2.71% of the stock is currently owned by company insiders.

Molson Coors Beverage Trading Up 0.2%

Shares of TAP stock opened at $50.61 on Friday. The company has a market cap of $10.00 billion, a PE ratio of -4.74 and a beta of 0.45. Molson Coors Beverage Company has a 1 year low of $42.94 and a 1 year high of $64.66. The stock’s 50 day simple moving average is $46.85 and its two-hundred day simple moving average is $47.78. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.60 and a quick ratio of 0.45.

Molson Coors Beverage (NYSE:TAP) last released its earnings results on Tuesday, November 4th. The company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.72 by ($0.05). Molson Coors Beverage had a negative net margin of 15.89% and a positive return on equity of 8.78%. The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $3.02 billion. Molson Coors Beverage has set its FY 2025 guidance at 5.360-5.360 EPS. Research analysts predict that Molson Coors Beverage Company will post 6.35 earnings per share for the current year.

Molson Coors Beverage Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were paid a $0.47 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $1.88 annualized dividend and a dividend yield of 3.7%. Molson Coors Beverage’s dividend payout ratio is currently -17.60%.

Analyst Ratings Changes

Several analysts have commented on TAP shares. Zacks Research upgraded shares of Molson Coors Beverage from a “strong sell” rating to a “hold” rating in a research note on Friday, November 14th. UBS Group boosted their target price on Molson Coors Beverage from $47.00 to $50.00 and gave the stock a “neutral” rating in a research report on Wednesday. Sanford C. Bernstein cut their price target on Molson Coors Beverage from $54.00 to $50.00 and set a “market perform” rating for the company in a report on Wednesday, November 5th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Molson Coors Beverage in a report on Monday, December 29th. Finally, Evercore ISI cut their target price on shares of Molson Coors Beverage from $53.00 to $50.00 and set an “outperform” rating for the company in a report on Wednesday, November 5th. Five equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Molson Coors Beverage has a consensus rating of “Hold” and an average target price of $53.79.

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.