Foster & Motley Inc. Purchases New Shares in Molson Coors Beverage Company $TAP

Foster & Motley Inc. bought a new stake in Molson Coors Beverage Company (NYSE:TAP) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 79,059 shares of the company’s stock, valued at approximately $3,080,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Wedge Capital Management L L P NC lifted its position in Molson Coors Beverage by 9.5% during the 2nd quarter. Wedge Capital Management L L P NC now owns 102,543 shares of the company’s stock valued at $3,995,000 after purchasing an additional 8,862 shares during the period. Fulton Bank N.A. raised its stake in shares of Molson Coors Beverage by 22.1% during the second quarter. Fulton Bank N.A. now owns 6,027 shares of the company’s stock worth $235,000 after buying an additional 1,089 shares during the last quarter. Wilsey Asset Management Inc. grew its holdings in Molson Coors Beverage by 11.8% during the 2nd quarter. Wilsey Asset Management Inc. now owns 755,639 shares of the company’s stock worth $29,440,000 after acquiring an additional 79,913 shares during the period. Red Spruce Capital LLC grew its holdings in Molson Coors Beverage by 68.0% during the 2nd quarter. Red Spruce Capital LLC now owns 40,036 shares of the company’s stock worth $1,560,000 after acquiring an additional 16,202 shares during the period. Finally, CX Institutional raised its position in shares of Molson Coors Beverage by 496.8% during the 2nd quarter. CX Institutional now owns 1,325 shares of the company’s stock valued at $52,000 after acquiring an additional 1,103 shares during the last quarter. Institutional investors own 78.46% of the company’s stock.

Molson Coors Beverage Trading Up 1.1%

TAP opened at $41.19 on Wednesday. The stock has a market capitalization of $7.73 billion, a P/E ratio of -3.57 and a beta of 0.42. The company has a current ratio of 0.88, a quick ratio of 0.72 and a debt-to-equity ratio of 0.55. Molson Coors Beverage Company has a 12 month low of $38.04 and a 12 month high of $54.82. The firm’s fifty day simple moving average is $40.72 and its 200 day simple moving average is $43.25.

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 firm had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.08 billion. Molson Coors Beverage had a positive return on equity of 9.46% and a negative net margin of 17.83%.The company’s revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.05 EPS. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. As a group, research analysts anticipate that Molson Coors Beverage Company will post 4.81 EPS for the current fiscal year.

Molson Coors Beverage Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders 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 dividend yield of 4.7%. Molson Coors Beverage’s dividend payout ratio (DPR) is -16.64%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on TAP shares. Sanford C. Bernstein reduced their price target on Molson Coors Beverage from $74.00 to $45.00 and set a “market perform” rating on the stock in a research report on Tuesday, May 26th. Wall Street Zen lowered Molson Coors Beverage from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Needham & Company LLC restated a “buy” rating and set a $50.00 target price on shares of Molson Coors Beverage in a report on Friday, August 7th. JPMorgan Chase & Co. boosted their target price on Molson Coors Beverage from $41.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Finally, Jefferies Financial Group cut their price target on shares of Molson Coors Beverage from $43.00 to $41.00 in a research report on Friday, June 12th. Four analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $44.18.

Insider Activity at Molson Coors Beverage

In related news, Director Geoffrey E. Molson sold 1,245 shares of the stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $42.50, for a total transaction of $52,912.50. Following the completion of the transaction, the director owned 9,871 shares in the company, valued at approximately $419,517.50. This represents a 11.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.27% of the stock is currently owned by corporate insiders.

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.