Molson Coors Beverage Company $TAP Shares Sold by Sage Capital Advisors llc

Sage Capital Advisors llc decreased its holdings in Molson Coors Beverage Company (NYSE:TAP) by 52.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,322 shares of the company’s stock after selling 73,290 shares during the quarter. Sage Capital Advisors llc’s holdings in Molson Coors Beverage were worth $2,584,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Norges Bank purchased a new position in Molson Coors Beverage during the 4th quarter worth $125,755,000. Goldman Sachs Group Inc. raised its holdings in shares of Molson Coors Beverage by 265.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,922,022 shares of the company’s stock valued at $136,400,000 after buying an additional 2,122,085 shares during the last quarter. State Street Corp raised its holdings 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 valued at $475,886,000 after buying an additional 1,693,682 shares during the last quarter. Royal London Asset Management Ltd. boosted its stake in shares of Molson Coors Beverage by 317.9% during the second quarter. Royal London Asset Management Ltd. now owns 2,044,028 shares of the company’s stock worth $98,297,000 after buying an additional 1,554,851 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Molson Coors Beverage by 152.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,531,145 shares of the company’s stock worth $118,154,000 after buying an additional 1,528,004 shares during the period. Institutional investors and hedge funds own 78.46% of the company’s stock.

Molson Coors Beverage Trading Down 1.9%

Shares of TAP stock opened at $42.53 on Tuesday. Molson Coors Beverage Company has a fifty-two week low of $38.04 and a fifty-two week high of $54.82. The stock has a market cap of $7.98 billion, a P/E ratio of -3.69 and a beta of 0.42. The business has a fifty day simple moving average of $40.42 and a 200-day simple moving average of $43.56. The company has a quick ratio of 0.72, a current ratio of 0.88 and a debt-to-equity ratio of 0.55.

Molson Coors Beverage (NYSE:TAP) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.07. The business had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.08 billion. Molson Coors Beverage had a positive return on equity of 9.46% and a negative net margin of 17.83%.The business’s revenue was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.05 EPS. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. On average, analysts forecast that Molson Coors Beverage Company will post 4.82 earnings per share for the current fiscal year.

Molson Coors Beverage Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, August 28th will be given a dividend of $0.48 per share. The ex-dividend date is Friday, August 28th. This represents a $1.92 dividend on an annualized basis and a yield of 4.5%. Molson Coors Beverage’s payout ratio is presently -16.64%.

Insider Activity

In other Molson Coors Beverage news, Director Geoffrey E. Molson sold 1,245 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $42.50, for a total value of $52,912.50. Following the sale, the director owned 9,871 shares of the company’s stock, valued at $419,517.50. This represents a 11.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.27% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on TAP. Barclays lowered their price target on Molson Coors Beverage from $43.00 to $41.00 and set an “underweight” rating on the stock in a report on Friday, May 1st. Evercore decreased their price objective on Molson Coors Beverage from $50.00 to $47.00 and set an “outperform” rating for the company in a research report on Tuesday, April 21st. Jefferies Financial Group decreased their price objective on Molson Coors Beverage from $43.00 to $41.00 in a research report on Friday, June 12th. JPMorgan Chase & Co. boosted their target price on Molson Coors Beverage from $41.00 to $42.00 and gave the company a “neutral” rating in a report on Monday. Finally, Wells Fargo & Company cut their price target on Molson Coors Beverage from $43.00 to $41.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 8th. Four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $44.18.

Molson Coors Beverage Company 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.