Campbell & CO Investment Adviser LLC Lowers Stock Holdings in Molson Coors Beverage Company $TAP

Campbell & CO Investment Adviser LLC cut its holdings in shares of Molson Coors Beverage Company (NYSE:TAP) by 75.4% during the second quarter, Holdings Channel reports. The firm owned 21,403 shares of the company’s stock after selling 65,585 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Molson Coors Beverage were worth $1,029,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Twin Capital Management Inc. grew its holdings in shares of Molson Coors Beverage by 0.7% in the first quarter. Twin Capital Management Inc. now owns 24,791 shares of the company’s stock valued at $1,509,000 after purchasing an additional 180 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in Molson Coors Beverage by 32.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 800 shares of the company’s stock valued at $49,000 after buying an additional 198 shares during the period. Signet Financial Management LLC boosted its position in Molson Coors Beverage by 3.7% in the 2nd quarter. Signet Financial Management LLC now owns 5,757 shares of the company’s stock valued at $277,000 after buying an additional 208 shares during the period. Callan Family Office LLC grew its stake in shares of Molson Coors Beverage by 5.0% in the first quarter. Callan Family Office LLC now owns 4,426 shares of the company’s stock worth $269,000 after acquiring an additional 209 shares in the last quarter. Finally, Yousif Capital Management LLC increased its position in shares of Molson Coors Beverage by 1.1% during the second quarter. Yousif Capital Management LLC now owns 19,531 shares of the company’s stock worth $939,000 after acquiring an additional 222 shares during the period. Institutional investors and hedge funds own 78.46% of the company’s stock.

Insider Activity at Molson Coors Beverage

In other news, Director Andrew Thomas Molson acquired 7,500 shares of Molson Coors Beverage stock in a transaction on Monday, November 10th. The stock was bought at an average price of $46.79 per share, for a total transaction of $350,925.00. Following the completion of the purchase, the director owned 22,654 shares in the company, valued at $1,059,980.66. This represents a 49.49% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director David S. Coors acquired 2,245 shares of the firm’s stock in a transaction dated 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 completion of the acquisition, the director directly owned 30,586 shares of the company’s stock, valued at approximately $1,360,159.42. This trade represents a 7.92% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 2.71% of the company’s stock.

Molson Coors Beverage Price Performance

Shares of TAP opened at $45.97 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.95 and a quick ratio of 0.67. Molson Coors Beverage Company has a 1-year low of $42.94 and a 1-year high of $64.66. The stock has a market cap of $9.08 billion, a PE ratio of 9.07, a price-to-earnings-growth ratio of 1.60 and a beta of 0.65. The firm has a fifty day moving average price of $46.26 and a 200 day moving average price of $49.78.

Molson Coors Beverage (NYSE:TAP) last posted its earnings results on Tuesday, November 4th. The company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.05). Molson Coors Beverage had a return on equity of 8.61% and a net margin of 7.81%.The firm had revenue of $2.97 billion for the quarter, compared to analyst estimates of $3.02 billion. Molson Coors Beverage has set its FY 2025 guidance at 5.360-5.360 EPS. As a group, sell-side analysts anticipate that Molson Coors Beverage Company will post 6.35 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TAP shares. Morgan Stanley decreased their target price on Molson Coors Beverage from $58.00 to $53.00 and set an “equal weight” rating for the company in a report on Wednesday, August 6th. Barclays decreased their price objective on Molson Coors Beverage from $46.00 to $45.00 and set an “underweight” rating for the company in a research note on Thursday, November 6th. Citigroup lowered their price objective on Molson Coors Beverage from $51.00 to $49.00 and set a “neutral” rating for the company in a research report on Thursday, October 9th. Roth Capital reaffirmed a “buy” rating and issued a $65.00 target price (down previously from $67.00) on shares of Molson Coors Beverage in a report on Wednesday, November 5th. Finally, Jefferies Financial Group decreased their price target on shares of 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. Six investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Molson Coors Beverage has an average rating of “Hold” and a consensus price target of $54.56.

Molson Coors Beverage Company Profile

Molson Coors Beverage Company manufactures, markets, and sells beer and other malt beverage products under various brands in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers flavored malt beverages including hard seltzers, craft, spirits and energy, and ready to drink beverages.