Oak Thistle LLC Invests $3.19 Million in Molson Coors Beverage Company $TAP

Oak Thistle LLC purchased a new position in shares of Molson Coors Beverage Company (NYSE:TAP) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 68,420 shares of the company’s stock, valued at approximately $3,194,000. Molson Coors Beverage accounts for 0.4% of Oak Thistle LLC’s investment portfolio, making the stock its 24th largest holding.

A number of other hedge funds also recently modified their holdings of the business. Geneos Wealth Management Inc. lifted its holdings in Molson Coors Beverage by 32.9% in the first quarter. Geneos Wealth Management Inc. now owns 800 shares of the company’s stock valued at $49,000 after buying an additional 198 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Molson Coors Beverage by 64.2% in the second quarter. Smartleaf Asset Management LLC now owns 565 shares of the company’s stock valued at $27,000 after buying an additional 221 shares during the period. Hilltop Holdings Inc. lifted its holdings in Molson Coors Beverage by 4.2% in the third quarter. Hilltop Holdings Inc. now owns 6,717 shares of the company’s stock valued at $304,000 after buying an additional 270 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Molson Coors Beverage by 4.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 7,284 shares of the company’s stock valued at $345,000 after purchasing an additional 297 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC increased its stake in Molson Coors Beverage by 2.8% in the third quarter. Linden Thomas Advisory Services LLC now owns 11,469 shares of the company’s stock valued at $519,000 after purchasing an additional 307 shares in the last quarter. Institutional investors and hedge funds own 78.46% of the company’s stock.

Molson Coors Beverage Stock Up 1.4%

TAP opened at $45.08 on Wednesday. The company has a quick ratio of 0.42, a current ratio of 0.55 and a debt-to-equity ratio of 0.37. The stock has a market cap of $8.47 billion, a price-to-earnings ratio of -4.15 and a beta of 0.50. Molson Coors Beverage Company has a twelve month low of $41.04 and a twelve month high of $62.14. The company’s 50-day moving average price is $46.88 and its two-hundred day moving average price is $46.67.

Molson Coors Beverage (NYSE:TAP) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.04. The company had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2.71 billion. Molson Coors Beverage had a negative net margin of 16.41% and a positive return on equity of 9.04%. Molson Coors Beverage’s revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.30 EPS. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. As a group, equities analysts expect that Molson Coors Beverage Company will post 6.35 earnings per share for the current year.

Molson Coors Beverage Increases Dividend

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

Insider Activity at Molson Coors Beverage

In related news, Director Andrew Thomas Molson purchased 2,000 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were purchased at an average price 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. This represents a 8.83% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.71% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on TAP shares. Wells Fargo & Company decreased their price target on shares of Molson Coors Beverage from $54.00 to $52.00 and set an “equal weight” rating for the company in a research note on Thursday, February 19th. Jefferies Financial Group set a $45.00 price target on shares of Molson Coors Beverage in a research note on Thursday, February 19th. UBS Group decreased their price target on shares of Molson Coors Beverage from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Tuesday. Bank of America downgraded shares of Molson Coors Beverage from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $50.00 to $42.00 in a research note on Wednesday, February 25th. Finally, Barclays decreased their price target on shares of 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 investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, Molson Coors Beverage presently has an average rating of “Reduce” and a consensus target price of $47.71.

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.