Prosperitas Financial LLC Sells 92,526 Shares of Molson Coors Beverage Company $TAP

Prosperitas Financial LLC reduced its position in Molson Coors Beverage Company (NYSE:TAP) by 90.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 10,227 shares of the company’s stock after selling 92,526 shares during the period. Prosperitas Financial LLC’s holdings in Molson Coors Beverage were worth $373,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC lifted its stake in shares of Molson Coors Beverage by 5.4% during the 1st quarter. V Square Quantitative Management LLC now owns 6,373 shares of the company’s stock worth $274,000 after purchasing an additional 327 shares during the period. Procyon Advisors LLC grew its position in shares of Molson Coors Beverage by 4.9% in the first quarter. Procyon Advisors LLC now owns 7,730 shares of the company’s stock valued at $333,000 after purchasing an additional 358 shares during the period. TD Waterhouse Canada Inc. grew its position in shares of Molson Coors Beverage by 4.7% in the third quarter. TD Waterhouse Canada Inc. now owns 8,113 shares of the company’s stock valued at $301,000 after purchasing an additional 362 shares during the period. Apollon Wealth Management LLC grew its position in shares of Molson Coors Beverage by 7.6% in the first quarter. Apollon Wealth Management LLC now owns 5,564 shares of the company’s stock valued at $240,000 after purchasing an additional 393 shares during the period. Finally, Chicago Partners Investment Group LLC increased its stake in Molson Coors Beverage by 5.0% in the first quarter. Chicago Partners Investment Group LLC now owns 9,199 shares of the company’s stock valued at $393,000 after purchasing an additional 436 shares during the last quarter. 78.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TAP has been the topic of several recent analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $50.00 target price on shares of Molson Coors Beverage in a research report on Friday, August 7th. JPMorgan Chase & Co. lowered their price target on Molson Coors Beverage from $42.00 to $41.00 and set a “neutral” rating for the company in a report on Monday, October 26th. Citigroup cut their price objective on shares of Molson Coors Beverage from $42.00 to $40.00 and set a “neutral” rating on the stock in a report on Wednesday, October 14th. Barclays decreased their target price on shares of Molson Coors Beverage from $41.00 to $36.00 and set an “underweight” rating on the stock in a research report on Friday, October 16th. Finally, BNP Paribas Exane lowered their target price on shares of Molson Coors Beverage from $34.00 to $33.00 and set an “underperform” rating for the company in a report on Friday, September 18th. Four research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $43.06.

Molson Coors Beverage Trading Up 2.3%

Shares of TAP opened at $40.11 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.72 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $8.40 billion, a P/E ratio of -3.48 and a beta of 0.43. The stock’s fifty day simple moving average is $38.96 and its 200 day simple moving average is $42.50. Molson Coors Beverage Company has a twelve month low of $35.52 and a twelve month high of $54.82.

Molson Coors Beverage (NYSE:TAP) last issued its earnings results on Thursday, August 6th. The company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.07. Molson Coors Beverage had a positive return on equity of 9.46% and a negative net margin of 17.83%. The firm had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.08 billion. During the same quarter last year, the firm earned $2.05 earnings per share. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. On average, equities research analysts forecast that Molson Coors Beverage Company will post 4.77 earnings per share for the current year.

Molson Coors Beverage Profile

Molson Coors Beverage Company is a global beverage company best known for brewing and marketing beer. Its portfolio includes widely recognized brands such as Coors, Coors Light, Miller Lite, Miller High Life, Molson Canadian, Carling, Blue Moon, Staropramen and Peroni Nastro Azzurro, along with hard seltzers, flavored alcoholic beverages and other adjacent products.

The company serves consumers through a broad network of breweries, distributors and retailers across North America, Europe and other international markets.