Forsta AP Fonden Buys 1,600 Shares of Molson Coors Beverage Company $TAP

Forsta AP Fonden boosted its stake in shares of Molson Coors Beverage Company (NYSE:TAP) by 2.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 80,300 shares of the company’s stock after buying an additional 1,600 shares during the period. Forsta AP Fonden’s holdings in Molson Coors Beverage were worth $3,862,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Twin Capital Management Inc. lifted its position in shares of Molson Coors Beverage by 0.7% during the first quarter. Twin Capital Management Inc. now owns 24,791 shares of the company’s stock worth $1,509,000 after purchasing an additional 180 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Molson Coors Beverage by 32.9% during the first quarter. Geneos Wealth Management Inc. now owns 800 shares of the company’s stock valued at $49,000 after purchasing an additional 198 shares in the last quarter. Signet Financial Management LLC raised its position in shares of Molson Coors Beverage by 3.7% in the 2nd quarter. Signet Financial Management LLC now owns 5,757 shares of the company’s stock worth $277,000 after acquiring an additional 208 shares in the last quarter. Callan Family Office LLC raised its holdings in 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 purchasing an additional 209 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its position in Molson Coors Beverage by 1.1% during the second quarter. Yousif Capital Management LLC now owns 19,531 shares of the company’s stock valued at $939,000 after acquiring an additional 222 shares during the last quarter. Institutional investors own 78.46% of the company’s stock.

Insider Activity at Molson Coors Beverage

In related news, Director David S. Coors acquired 2,245 shares of Molson Coors Beverage stock in a transaction that occurred on Wednesday, November 5th. The shares were purchased at an average price of $44.47 per share, for a total transaction of $99,835.15. Following the completion of the transaction, the director owned 30,586 shares in the company, valued at $1,360,159.42. This represents a 7.92% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Andrew Thomas Molson acquired 7,500 shares of the stock in a transaction on Monday, November 10th. The shares were bought at an average cost of $46.79 per share, for a total transaction of $350,925.00. Following the purchase, the director directly owned 22,654 shares of the company’s stock, valued at $1,059,980.66. The trade was a 49.49% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 2.71% of the company’s stock.

Wall Street Analysts Forecast Growth

TAP has been the subject of a number of research analyst reports. Piper Sandler decreased their price target on Molson Coors Beverage from $53.00 to $52.00 and set a “neutral” rating for the company in a research note on Tuesday, September 30th. Sanford C. Bernstein lowered their price target on shares of Molson Coors Beverage from $54.00 to $50.00 and set a “market perform” rating on the stock in a report on Wednesday, November 5th. The Goldman Sachs Group dropped their price objective on shares of Molson Coors Beverage from $67.00 to $57.00 and set a “buy” rating on the stock in a research note on Thursday, October 2nd. Needham & Company LLC cut their price target on Molson Coors Beverage from $58.00 to $54.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Finally, JPMorgan Chase & Co. initiated coverage on Molson Coors Beverage in a research note on Wednesday, November 5th. They set a “neutral” rating and a $49.00 target price for the company. Six equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $54.56.

Molson Coors Beverage Price Performance

Molson Coors Beverage stock opened at $46.45 on Friday. The company has a fifty day simple moving average of $46.12 and a 200-day simple moving average of $49.63. The firm has a market capitalization of $9.18 billion, a price-to-earnings ratio of 9.16, a PEG ratio of 1.60 and a beta of 0.65. The company has a quick ratio of 0.67, a current ratio of 0.95 and a debt-to-equity ratio of 0.46. Molson Coors Beverage Company has a 52-week low of $42.94 and a 52-week high of $64.66.

Molson Coors Beverage (NYSE:TAP) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $1.67 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $3.02 billion. Molson Coors Beverage has set its FY 2025 guidance at 5.360-5.360 EPS. On average, equities analysts anticipate that Molson Coors Beverage Company will post 6.35 EPS for the current fiscal year.

About Molson Coors Beverage

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.