Osaic Holdings Inc. Has $3.86 Million Stock Position in Molson Coors Beverage Company $TAP

Osaic Holdings Inc. lifted its stake in shares of Molson Coors Beverage Company (NYSE:TAP) by 220.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 80,338 shares of the company’s stock after purchasing an additional 55,230 shares during the quarter. Osaic Holdings Inc.’s holdings in Molson Coors Beverage were worth $3,863,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TAP. JPMorgan Chase & Co. increased its stake in shares of Molson Coors Beverage by 20.4% in the second quarter. JPMorgan Chase & Co. now owns 1,036,110 shares of the company’s stock valued at $49,828,000 after buying an additional 175,587 shares during the period. Swiss National Bank boosted its position in Molson Coors Beverage by 5.5% during the 2nd quarter. Swiss National Bank now owns 537,600 shares of the company’s stock worth $25,853,000 after buying an additional 27,900 shares during the period. Jump Financial LLC grew its holdings in Molson Coors Beverage by 205.4% during the 1st quarter. Jump Financial LLC now owns 24,307 shares of the company’s stock worth $1,480,000 after acquiring an additional 16,349 shares during the last quarter. Signaturefd LLC grew its holdings in Molson Coors Beverage by 79.8% during the 2nd quarter. Signaturefd LLC now owns 2,861 shares of the company’s stock worth $138,000 after acquiring an additional 1,270 shares during the last quarter. Finally, Mackenzie Financial Corp increased its position in Molson Coors Beverage by 2,106.2% in the 2nd quarter. Mackenzie Financial Corp now owns 471,899 shares of the company’s stock valued at $22,694,000 after acquiring an additional 450,509 shares during the period. 78.46% of the stock is currently owned by institutional investors.

Molson Coors Beverage Stock Up 0.7%

Shares of NYSE:TAP opened at $46.33 on Thursday. Molson Coors Beverage Company has a 1 year low of $42.94 and a 1 year high of $64.66. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.60 and a quick ratio of 0.45. The business’s 50-day moving average is $46.11 and its 200-day moving average is $47.98. The company has a market capitalization of $9.16 billion, a price-to-earnings ratio of -4.34 and a beta of 0.45.

Molson Coors Beverage (NYSE:TAP) last issued its earnings results on Tuesday, November 4th. The company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.05). Molson Coors Beverage had a positive return on equity of 8.78% and a negative net margin of 15.89%.The business had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $3.02 billion. Molson Coors Beverage has set its FY 2025 guidance at 5.360-5.360 EPS. Equities research analysts predict that Molson Coors Beverage Company will post 6.35 earnings per share for the current year.

Molson Coors Beverage Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Friday, December 5th. Molson Coors Beverage’s payout ratio is presently -17.60%.

Insider Buying and Selling at Molson Coors Beverage

In other news, Director David S. Coors bought 2,245 shares of Molson Coors Beverage stock in a transaction dated Wednesday, November 5th. The stock was bought at an average cost of $44.47 per share, for a total transaction of $99,835.15. Following the purchase, the director directly owned 30,586 shares in the company, valued at approximately $1,360,159.42. This represents a 7.92% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andrew Thomas Molson bought 7,500 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The stock was purchased at an average cost of $46.79 per share, with a total value of $350,925.00. Following the completion of the transaction, the director directly owned 22,654 shares in the company, valued at $1,059,980.66. This represents a 49.49% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 2.71% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

TAP has been the topic of a number of recent research reports. Sanford C. Bernstein cut their price target on shares of Molson Coors Beverage from $54.00 to $50.00 and set a “market perform” rating on the stock in a report on Wednesday, November 5th. Barclays cut their target price on Molson Coors Beverage from $46.00 to $45.00 and set an “underweight” rating on the stock in a report on Thursday, November 6th. Roth Capital reissued a “buy” rating and issued a $65.00 price target (down previously from $67.00) on shares of Molson Coors Beverage in a research note on Wednesday, November 5th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Molson Coors Beverage in a research note on Monday. Finally, The Goldman Sachs Group reduced their target price on Molson Coors Beverage from $67.00 to $57.00 and set a “buy” rating on the stock in a report on Thursday, October 2nd. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Molson Coors Beverage has a consensus rating of “Hold” and an average price target of $53.59.

Molson Coors Beverage Company 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.