Prosperitas Financial LLC Has $4 Million Stake in Molson Coors Beverage Company $TAP

Prosperitas Financial LLC boosted its position in shares of Molson Coors Beverage Company (NYSE:TAP) by 17.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 102,753 shares of the company’s stock after buying an additional 15,474 shares during the quarter. Prosperitas Financial LLC’s holdings in Molson Coors Beverage were worth $4,003,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the company. Fairfax Financial Holdings Ltd. Can boosted its stake in Molson Coors Beverage by 3.8% during the fourth quarter. Fairfax Financial Holdings Ltd. Can now owns 1,338,500 shares of the company’s stock worth $62,495,000 after buying an additional 48,429 shares in the last quarter. Delta Global Management LP bought a new stake in Molson Coors Beverage in the 4th quarter valued at $2,360,000. Wilsey Asset Management Inc. raised its stake in shares of Molson Coors Beverage by 8.9% in the 1st quarter. Wilsey Asset Management Inc. now owns 675,726 shares of the company’s stock valued at $29,097,000 after buying an additional 55,465 shares in the last quarter. Skylands Capital LLC raised its stake in shares of Molson Coors Beverage by 38.0% in the 1st quarter. Skylands Capital LLC now owns 342,800 shares of the company’s stock valued at $14,761,000 after buying an additional 94,475 shares in the last quarter. Finally, Jefferies Financial Group Inc. lifted its holdings in shares of Molson Coors Beverage by 187.9% during the 4th quarter. Jefferies Financial Group Inc. now owns 43,318 shares of the company’s stock worth $2,022,000 after acquiring an additional 28,272 shares during the period. Institutional investors own 78.46% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Molson Coors Beverage in a research report on Wednesday, June 24th. Needham & Company LLC reissued a “buy” rating and issued a $50.00 price target on shares of Molson Coors Beverage in a research report on Friday, August 7th. Wells Fargo & Company cut their price target on shares of 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. TD Cowen raised Molson Coors Beverage to a “hold” rating in a report on Friday, June 26th. Finally, UBS Group upped their price objective on Molson Coors Beverage from $40.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $44.18.

Molson Coors Beverage Stock Down 0.3%

Shares of NYSE:TAP opened at $40.42 on Friday. Molson Coors Beverage Company has a 52 week low of $38.04 and a 52 week high of $54.82. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.72 and a current ratio of 0.88. The company’s fifty day moving average is $41.04 and its 200-day moving average is $42.46. The company has a market capitalization of $7.58 billion, a PE ratio of -3.50 and a beta of 0.42.

Molson Coors Beverage (NYSE:TAP) last announced its earnings results on Thursday, August 6th. The company reported $1.58 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.08 billion. During the same quarter last year, the company posted $2.05 EPS. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. Equities research analysts predict 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 announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 28th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Friday, August 28th. Molson Coors Beverage’s payout ratio is presently -16.64%.

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.