Readystate Asset Management LP Acquires Shares of 13,415 Molson Coors Beverage Company $TAP

Readystate Asset Management LP purchased a new position in Molson Coors Beverage Company (NYSE:TAP) in the second quarter, HoldingsChannel reports. The fund purchased 13,415 shares of the company’s stock, valued at approximately $523,000.

Other institutional investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. raised its stake in shares of Molson Coors Beverage by 32.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 800 shares of the company’s stock worth $49,000 after buying an additional 198 shares during the period. UMB Bank n.a. grew its stake in Molson Coors Beverage by 16.5% in the 4th quarter. UMB Bank n.a. now owns 1,467 shares of the company’s stock valued at $68,000 after acquiring an additional 208 shares during the period. New York Life Investment Management LLC increased its holdings in Molson Coors Beverage by 0.9% in the 4th quarter. New York Life Investment Management LLC now owns 22,904 shares of the company’s stock worth $1,069,000 after acquiring an additional 210 shares in the last quarter. Smartleaf Asset Management LLC raised its position in Molson Coors Beverage by 64.2% during the second quarter. Smartleaf Asset Management LLC now owns 565 shares of the company’s stock worth $27,000 after acquiring an additional 221 shares during the period. Finally, SBI Securities Co. Ltd. raised its position in Molson Coors Beverage by 84.1% during the fourth quarter. SBI Securities Co. Ltd. now owns 534 shares of the company’s stock worth $25,000 after acquiring an additional 244 shares during the period. Institutional investors own 78.46% of the company’s stock.

Analysts Set New Price Targets

TAP has been the topic of several research analyst reports. UBS Group lifted their target price on shares of Molson Coors Beverage from $40.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Wall Street Zen downgraded shares of Molson Coors Beverage from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Citigroup decreased their price target on shares of Molson Coors Beverage from $47.00 to $42.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 14th. Piper Sandler lowered their price objective on Molson Coors Beverage from $45.00 to $44.00 and set a “neutral” rating on the stock in a report on Friday, August 7th. Finally, TD Cowen upgraded Molson Coors Beverage to a “hold” rating in a research note on Friday, June 26th. Four investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, Molson Coors Beverage has an average rating of “Hold” and an average target price of $44.18.

Molson Coors Beverage Trading Up 0.1%

Shares of TAP stock opened at $40.56 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 company has a debt-to-equity ratio of 0.55, a quick ratio of 0.72 and a current ratio of 0.88. The stock’s fifty day moving average is $41.04 and its two-hundred day moving average is $42.30. The firm has a market capitalization of $7.61 billion, a P/E ratio of -3.51 and a beta of 0.42.

Molson Coors Beverage (NYSE:TAP) last released 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. The business had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.08 billion. Molson Coors Beverage had a negative net margin of 17.83% and a positive return on equity of 9.46%. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.05 earnings per share. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. Research analysts expect that Molson Coors Beverage Company will post 4.81 earnings per share for the current fiscal year.

Molson Coors Beverage Dividend Announcement

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 issued a $0.48 dividend. The ex-dividend date is Friday, August 28th. This represents a $1.92 dividend on an annualized basis and a yield of 4.7%. Molson Coors Beverage’s dividend payout ratio is presently -16.64%.

About Molson Coors Beverage

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.