Molson Coors Beverage Company $TAP Shares Sold by Inlet Private Wealth LLC

Inlet Private Wealth LLC reduced its position in Molson Coors Beverage Company (NYSE:TAP) by 55.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 19,954 shares of the company’s stock after selling 24,500 shares during the quarter. Inlet Private Wealth LLC’s holdings in Molson Coors Beverage were worth $931,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of TAP. Root Financial Partners LLC purchased a new position in Molson Coors Beverage during the 3rd quarter worth $25,000. GoalVest Advisory LLC acquired a new stake in Molson Coors Beverage in the 4th quarter valued at about $25,000. Smartleaf Asset Management LLC grew its stake in Molson Coors Beverage by 64.2% in the 2nd quarter. Smartleaf Asset Management LLC now owns 565 shares of the company’s stock valued at $27,000 after acquiring an additional 221 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Molson Coors Beverage by 134.2% during the 3rd quarter. IFP Advisors Inc now owns 787 shares of the company’s stock worth $38,000 after purchasing an additional 451 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Molson Coors Beverage by 32.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 800 shares of the company’s stock worth $49,000 after purchasing an additional 198 shares during the last quarter. Hedge funds and other institutional investors own 78.46% of the company’s stock.

Molson Coors Beverage Trading Up 0.8%

Shares of NYSE TAP opened at $44.39 on Tuesday. The business has a 50 day simple moving average of $46.95 and a 200 day simple moving average of $46.68. Molson Coors Beverage Company has a 52 week low of $41.04 and a 52 week high of $62.16. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.42 and a current ratio of 0.55. The stock has a market cap of $8.34 billion, a price-to-earnings ratio of -4.09 and a beta of 0.50.

Molson Coors Beverage (NYSE:TAP) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.04. Molson Coors Beverage had a positive return on equity of 9.04% and a negative net margin of 16.41%.The company had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same period in the previous year, the company earned $1.30 earnings per share. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. On average, research analysts predict that Molson Coors Beverage Company will post 6.35 earnings per share for the current fiscal year.

Molson Coors Beverage Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, March 6th were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 4.3%. This is a positive change from Molson Coors Beverage’s previous quarterly dividend of $0.47. The ex-dividend date was Friday, March 6th. Molson Coors Beverage’s dividend payout ratio (DPR) is currently -17.70%.

Insiders Place Their Bets

In related news, Director Andrew Thomas Molson purchased 2,000 shares of the stock in a transaction on Monday, March 9th. The shares were purchased at an average cost of $46.67 per share, for a total transaction of $93,340.00. Following the completion of the transaction, the director directly owned 24,654 shares of the company’s stock, valued at approximately $1,150,602.18. The trade was a 8.83% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.71% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

TAP has been the topic of several research reports. Barclays cut their price target on shares of Molson Coors Beverage from $47.00 to $40.00 and set an “underweight” rating on the stock in a report on Wednesday, March 25th. BNP Paribas Exane downgraded shares of Molson Coors Beverage from a “hold” rating to a “strong sell” rating and set a $40.00 price objective for the company. in a report on Friday, January 16th. Weiss Ratings reissued a “sell (d)” rating on shares of Molson Coors Beverage in a report on Friday, March 27th. UBS Group set a $52.00 price objective on shares of Molson Coors Beverage in a research note on Friday, February 20th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Molson Coors Beverage from $45.00 to $41.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Molson Coors Beverage presently has an average rating of “Reduce” and a consensus price target of $48.12.

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.