WINTON GROUP Ltd Cuts Stock Position in Molson Coors Beverage Company $TAP

WINTON GROUP Ltd decreased its position in shares of Molson Coors Beverage Company (NYSE:TAP) by 63.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,100 shares of the company’s stock after selling 96,305 shares during the period. WINTON GROUP Ltd’s holdings in Molson Coors Beverage were worth $2,147,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp increased its stake in Molson Coors Beverage by 19.2% during the third quarter. State Street Corp now owns 10,516,810 shares of the company’s stock worth $475,886,000 after purchasing an additional 1,693,682 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Molson Coors Beverage by 10.4% in the first quarter. Dimensional Fund Advisors LP now owns 8,363,157 shares of the company’s stock valued at $360,117,000 after purchasing an additional 790,314 shares during the period. California State Teachers Retirement System grew its holdings in shares of Molson Coors Beverage by 3,413.0% in the second quarter. California State Teachers Retirement System now owns 6,916,569 shares of the company’s stock valued at $269,470,000 after purchasing an additional 6,719,685 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Molson Coors Beverage by 1.2% in the fourth quarter. Invesco Ltd. now owns 4,485,000 shares of the company’s stock valued at $209,360,000 after purchasing an additional 54,456 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Molson Coors Beverage by 16.4% during the 1st quarter. Bank of New York Mellon Corp now owns 3,326,427 shares of the company’s stock worth $143,236,000 after buying an additional 469,607 shares during the period. 78.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TAP has been the topic of a number of research reports. JPMorgan Chase & Co. increased their target price on shares of Molson Coors Beverage from $41.00 to $42.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. BNP Paribas Exane cut their price objective on Molson Coors Beverage from $36.00 to $35.00 and set an “underperform” rating on the stock in a research report on Wednesday, June 3rd. Weiss Ratings reiterated a “sell (d)” rating on shares of Molson Coors Beverage in a research note on Wednesday, June 24th. TD Cowen upgraded Molson Coors Beverage to a “hold” rating in a report on Friday, June 26th. Finally, Wall Street Zen cut Molson Coors Beverage from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Four analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Molson Coors Beverage has an average rating of “Hold” and an average price target of $44.18.

Molson Coors Beverage Trading Up 1.4%

Shares of Molson Coors Beverage stock opened at $38.98 on Friday. The company has a fifty day simple moving average of $40.99 and a 200-day simple moving average of $42.04. Molson Coors Beverage Company has a 12-month low of $37.76 and a 12-month high of $54.82. 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 stock has a market cap of $7.31 billion, a price-to-earnings ratio of -3.38 and a beta of 0.42.

Molson Coors Beverage (NYSE:TAP) last announced its quarterly earnings results on Thursday, August 6th. The company reported $1.58 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same period last year, the business earned $2.05 EPS. Molson Coors Beverage’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 analysts forecast that Molson Coors Beverage Company will post 4.81 EPS for the current fiscal year.

Molson Coors Beverage Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 28th will be given a dividend of $0.48 per share. The ex-dividend date is Friday, August 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.9%. Molson Coors Beverage’s payout ratio is -16.64%.

Molson Coors Beverage Profile

Molson Coors Beverage Company is a global brewer headquartered in Golden, Colorado, and Montreal, Canada. The company produces, markets and distributes beer and other alcoholic beverages through operations in North America, Europe and other international markets.

Its portfolio includes well-known brands such as Coors, Miller, Molson, Carling, Blue Moon, Leinenkugel’s, Peroni Nastro Azzurro, Staropramen and Cobra. Molson Coors also offers a range of flavored alcoholic beverages, hard seltzers and other beverages designed to serve changing consumer preferences.

The company traces its history to the founding of Molson Brewery in Montreal in 1786 and the establishment of Coors Brewing Company in Colorado in 1873.