Inlet Private Wealth LLC Has $931,000 Stock Holdings in Molson Coors Beverage Company $TAP

Inlet Private Wealth LLC decreased its stake in Molson Coors Beverage Company (NYSE:TAP) by 55.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,954 shares of the company’s stock after selling 24,500 shares during the quarter. Inlet Private Wealth LLC’s holdings in Molson Coors Beverage were worth $931,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Polianta Ltd bought a new position in shares of Molson Coors Beverage during the third quarter worth about $1,543,000. Wilsey Asset Management Inc. increased its position in shares of Molson Coors Beverage by 4.9% during the 3rd quarter. Wilsey Asset Management Inc. now owns 591,259 shares of the company’s stock worth $26,754,000 after purchasing an additional 27,819 shares during the last quarter. Invesco Ltd. increased its position in shares of Molson Coors Beverage by 3.6% during the 3rd quarter. Invesco Ltd. now owns 4,430,544 shares of the company’s stock worth $200,482,000 after purchasing an additional 152,859 shares during the last quarter. Gamco Investors INC. ET AL increased its position in shares of Molson Coors Beverage by 182.1% during the 2nd quarter. Gamco Investors INC. ET AL now owns 84,290 shares of the company’s stock worth $4,054,000 after purchasing an additional 54,410 shares during the last quarter. Finally, Capital Management Corp VA increased its position in shares of Molson Coors Beverage by 38.4% during the 3rd quarter. Capital Management Corp VA now owns 139,657 shares of the company’s stock worth $6,319,000 after purchasing an additional 38,754 shares during the last quarter. Institutional investors and hedge funds own 78.46% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TAP. TD Cowen reduced their target price on Molson Coors Beverage from $47.00 to $43.00 and set a “hold” rating for the company in a research note on Friday, February 20th. Deutsche Bank Aktiengesellschaft reduced their target price on Molson Coors Beverage from $45.00 to $41.00 and set a “hold” rating for the company in a research note on Monday, March 30th. Needham & Company LLC reduced their target price on Molson Coors Beverage from $54.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, February 19th. UBS Group set a $52.00 target price on Molson Coors Beverage in a research note on Friday, February 20th. Finally, Barclays reduced their target price on Molson Coors Beverage from $47.00 to $40.00 and set an “underweight” rating for the company in a research note on Wednesday, March 25th. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $48.12.

Molson Coors Beverage Stock Performance

TAP opened at $44.39 on Tuesday. The company has a market capitalization of $8.34 billion, a PE ratio of -4.09 and a beta of 0.50. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.55 and a quick ratio of 0.42. The business has a fifty day simple moving average of $46.95 and a 200 day simple moving average of $46.68. Molson Coors Beverage Company has a 1 year low of $41.04 and a 1 year high of $62.16.

Molson Coors Beverage (NYSE:TAP) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.04. The firm had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2.71 billion. Molson Coors Beverage had a positive return on equity of 9.04% and a negative net margin of 16.41%.The company’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.30 EPS. 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 6.35 EPS for the current year.

Molson Coors Beverage Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, March 6th were issued a $0.48 dividend. The ex-dividend date of this dividend was Friday, March 6th. This represents a $1.92 annualized dividend and a yield of 4.3%. This is a boost from Molson Coors Beverage’s previous quarterly dividend of $0.47. Molson Coors Beverage’s payout ratio is presently -17.70%.

Insiders Place Their Bets

In related news, Director Andrew Thomas Molson acquired 2,000 shares of the company’s stock in a transaction on Monday, March 9th. The stock was purchased at an average cost of $46.67 per share, with a total value of $93,340.00. Following the acquisition, the director directly owned 24,654 shares of the company’s stock, valued at approximately $1,150,602.18. The trade was a 8.83% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.71% of the stock is owned by corporate insiders.

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.