Investors Purchase Large Volume of Molson Coors Beverage Put Options (NYSE:TAP)

Molson Coors Beverage Company (NYSE:TAP) saw some unusual options trading activity on Friday. Traders acquired 33,425 put options on the stock. This represents an increase of 3,297% compared to the average volume of 984 put options.

Insider Activity at Molson Coors Beverage

In other Molson Coors Beverage news, Director Andrew Thomas Molson bought 7,500 shares of Molson Coors Beverage stock in a transaction on Monday, November 10th. The shares were bought at an average price of $46.79 per share, for a total transaction of $350,925.00. Following the completion of 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director David S. Coors purchased 2,245 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The stock was acquired at an average cost of $44.47 per share, for a total transaction of $99,835.15. Following the purchase, the director owned 30,586 shares in the company, valued at approximately $1,360,159.42. The trade was a 7.92% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 2.71% of the company’s stock.

Hedge Funds Weigh In On Molson Coors Beverage

A number of institutional investors and hedge funds have recently modified their holdings of TAP. Choreo LLC raised its stake in Molson Coors Beverage by 83.5% in the fourth quarter. Choreo LLC now owns 12,303 shares of the company’s stock valued at $576,000 after buying an additional 5,597 shares in the last quarter. Howard Capital Management Inc. increased its holdings in shares of Molson Coors Beverage by 158.7% in the 4th quarter. Howard Capital Management Inc. now owns 19,954 shares of the company’s stock valued at $931,000 after acquiring an additional 12,242 shares during the last quarter. Apollon Wealth Management LLC acquired a new stake in shares of Molson Coors Beverage during the 4th quarter worth about $241,000. V Square Quantitative Management LLC purchased a new stake in Molson Coors Beverage during the fourth quarter worth approximately $282,000. Finally, OFI Invest Asset Management acquired a new position in Molson Coors Beverage in the fourth quarter valued at approximately $562,000. Institutional investors and hedge funds own 78.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TAP. Roth Mkm reiterated a “buy” rating and set a $65.00 price target (down from $67.00) on shares of Molson Coors Beverage in a research report on Wednesday, November 5th. Exane BNP Paribas downgraded shares of Molson Coors Beverage from a “hold” rating to a “strong sell” rating in a report on Friday, January 16th. Weiss Ratings reissued a “sell (d)” rating on shares of Molson Coors Beverage in a research report on Monday, December 29th. Wells Fargo & Company restated an “equal weight” rating and set a $50.00 price target (down from $53.00) on shares of Molson Coors Beverage in a research report on Wednesday, November 19th. Finally, Jefferies Financial Group dropped their price objective on Molson Coors Beverage from $51.00 to $48.00 and set a “hold” rating for the company in a research note on Tuesday, November 4th. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, Molson Coors Beverage has an average rating of “Hold” and a consensus target price of $53.18.

Molson Coors Beverage Stock Down 0.7%

TAP traded down $0.37 on Friday, hitting $49.40. 333,819 shares of the company were exchanged, compared to its average volume of 2,710,834. The firm has a 50-day moving average price of $47.15 and a two-hundred day moving average price of $47.80. The company has a current ratio of 0.60, a quick ratio of 0.45 and a debt-to-equity ratio of 0.37. Molson Coors Beverage has a twelve month low of $42.94 and a twelve month high of $64.66. The company has a market cap of $9.76 billion, a price-to-earnings ratio of -4.63 and a beta of 0.45.

Molson Coors Beverage (NYSE:TAP) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $1.67 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $3.02 billion. Molson Coors Beverage has set its FY 2025 guidance at 5.360-5.360 EPS. On average, equities analysts predict that Molson Coors Beverage will post 6.35 earnings per share for the current year.

Molson Coors Beverage Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were given a $0.47 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.8%. Molson Coors Beverage’s dividend payout ratio is currently -17.60%.

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.