Nykredit A S Buys Shares of 1,499,559 Molson Coors Beverage Company $TAP

Nykredit A S bought a new stake in Molson Coors Beverage Company (NYSE:TAP) in the second quarter, Holdings Channel reports. The institutional investor bought 1,499,559 shares of the company’s stock, valued at approximately $58,423,000.

Other large investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. grew its stake in shares of Molson Coors Beverage by 84.1% during the fourth quarter. SBI Securities Co. Ltd. now owns 534 shares of the company’s stock valued at $25,000 after purchasing an additional 244 shares during the last quarter. Basepoint Wealth LLC acquired a new position in Molson Coors Beverage in the fourth quarter valued at about $26,000. Smartleaf Asset Management LLC boosted its stake in Molson Coors Beverage by 64.2% during the 2nd 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 last quarter. Larson Financial Group LLC boosted its position in shares of Molson Coors Beverage by 551.1% during the fourth quarter. Larson Financial Group LLC now owns 612 shares of the company’s stock worth $29,000 after purchasing an additional 518 shares in the last quarter. Finally, Clearstead Advisors LLC lifted its holdings in Molson Coors Beverage by 223.0% during the fourth quarter. Clearstead Advisors LLC now owns 659 shares of the company’s stock worth $31,000 after acquiring an additional 455 shares in the last quarter. 78.46% of the stock is currently owned by institutional investors.

Molson Coors Beverage Price Performance

Shares of NYSE TAP opened at $40.50 on Thursday. The company has a market capitalization of $7.60 billion, a PE ratio of -3.51 and a beta of 0.42. The company has a quick ratio of 0.72, a current ratio of 0.88 and a debt-to-equity ratio of 0.55. Molson Coors Beverage Company has a twelve month low of $38.04 and a twelve month high of $54.82. The firm has a fifty day simple moving average of $41.04 and a 200 day simple moving average of $42.55.

Molson Coors Beverage (NYSE:TAP) last issued its quarterly earnings results on Thursday, August 6th. The company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.07. Molson Coors Beverage had a negative net margin of 17.83% and a positive return on equity of 9.46%. The business had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.08 billion. During the same quarter in the prior year, the firm posted $2.05 earnings per share. The business’s quarterly revenue 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, sell-side analysts forecast that Molson Coors Beverage Company will post 4.81 EPS for the current year.

Molson Coors Beverage Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 28th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.92 annualized dividend and a yield of 4.7%. Molson Coors Beverage’s dividend payout ratio (DPR) is currently -16.64%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on TAP shares. JPMorgan Chase & Co. lifted their price target on shares of Molson Coors Beverage from $41.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. UBS Group boosted their price target on Molson Coors Beverage from $40.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Jefferies Financial Group decreased their price target on Molson Coors Beverage from $43.00 to $41.00 in a research note on Friday, June 12th. Wells Fargo & Company cut their price target on Molson Coors Beverage from $43.00 to $41.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 8th. Finally, Citigroup reduced their price objective 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. Four equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $44.18.

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.