Core Capital Management & Research inc. Makes New $7.91 Million Investment in Molson Coors Beverage Company $TAP

Core Capital Management & Research inc. purchased a new stake in shares of Molson Coors Beverage Company (NYSE:TAP) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 184,057 shares of the company’s stock, valued at approximately $7,905,000. Molson Coors Beverage accounts for about 4.2% of Core Capital Management & Research inc.’s portfolio, making the stock its 4th biggest position.

Several other large investors have also made changes to their positions in TAP. State Street Corp boosted its stake in shares of Molson Coors Beverage by 19.2% in the third quarter. State Street Corp now owns 10,516,810 shares of the company’s stock worth $475,886,000 after acquiring an additional 1,693,682 shares during the period. Dimensional Fund Advisors LP raised its stake in Molson Coors Beverage by 10.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,363,157 shares of the company’s stock valued at $360,117,000 after purchasing an additional 790,314 shares during the period. California State Teachers Retirement System lifted its holdings in Molson Coors Beverage by 3,413.0% in the 2nd quarter. California State Teachers Retirement System now owns 6,916,569 shares of the company’s stock worth $269,470,000 after purchasing an additional 6,719,685 shares in the last quarter. Invesco Ltd. lifted its holdings in Molson Coors Beverage by 1.2% in the 4th quarter. Invesco Ltd. now owns 4,485,000 shares of the company’s stock worth $209,360,000 after purchasing an additional 54,456 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Molson Coors Beverage by 16.4% in the 1st quarter. Bank of New York Mellon Corp now owns 3,326,427 shares of the company’s stock worth $143,236,000 after purchasing an additional 469,607 shares during the period. 78.46% of the stock is currently owned by hedge funds and other institutional investors.

Molson Coors Beverage Stock Down 0.8%

Shares of TAP opened at $38.53 on Thursday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.88 and a quick ratio of 0.72. The stock has a market capitalization of $7.23 billion, a price-to-earnings ratio of -3.34 and a beta of 0.42. Molson Coors Beverage Company has a 1 year low of $38.04 and a 1 year high of $54.82. The business’s 50 day simple moving average is $41.03 and its 200-day simple moving average is $42.14.

Molson Coors Beverage (NYSE:TAP) last posted its earnings results on Thursday, August 6th. The company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.07. Molson Coors Beverage had a negative net margin of 17.83% and a positive return on equity of 9.46%. The firm had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.08 billion. During the same period last year, the firm posted $2.05 earnings per share. Molson Coors Beverage’s revenue for the quarter was down 3.3% compared to the same quarter last year. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. As a group, equities analysts expect that Molson Coors Beverage Company will post 4.81 earnings per share for the current fiscal year.

Molson Coors Beverage Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, August 28th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Friday, August 28th. Molson Coors Beverage’s dividend payout ratio (DPR) is presently -16.64%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TAP shares. Deutsche Bank Aktiengesellschaft set a $41.00 price objective on shares of Molson Coors Beverage in a report on Wednesday, July 22nd. Citigroup dropped their target price on shares of Molson Coors Beverage from $47.00 to $42.00 and set a “neutral” rating for the company in a research report on Tuesday, July 14th. Wall Street Zen cut shares of Molson Coors Beverage from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. TD Cowen upgraded shares of Molson Coors Beverage to a “hold” rating in a report on Friday, June 26th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Molson Coors Beverage in a research note on Wednesday, June 24th. Four analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $44.18.

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.