New York State Teachers Retirement System Sells 33,071 Shares of Molson Coors Beverage Company $TAP

New York State Teachers Retirement System trimmed its position in Molson Coors Beverage Company (NYSE:TAP) by 19.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 140,056 shares of the company’s stock after selling 33,071 shares during the quarter. New York State Teachers Retirement System’s holdings in Molson Coors Beverage were worth $6,538,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Root Financial Partners LLC bought a new stake in Molson Coors Beverage in the 3rd quarter worth $25,000. GoalVest Advisory LLC bought a new stake in Molson Coors Beverage in the 4th quarter worth $25,000. Smartleaf Asset Management LLC grew its holdings in Molson Coors Beverage by 64.2% in 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. IFP Advisors Inc grew its holdings in Molson Coors Beverage by 134.2% in the 3rd quarter. IFP Advisors Inc now owns 787 shares of the company’s stock worth $38,000 after acquiring an additional 451 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in Molson Coors Beverage by 32.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 800 shares of the company’s stock worth $49,000 after acquiring an additional 198 shares during the last quarter. 78.46% of the stock is currently owned by institutional investors.

Insider Transactions at Molson Coors Beverage

In related news, Director Andrew Thomas Molson acquired 2,000 shares of Molson Coors Beverage stock in a transaction on Monday, March 9th. The shares were acquired at an average cost of $46.67 per share, with a total value of $93,340.00. Following the transaction, the director owned 24,654 shares in the company, valued at $1,150,602.18. This trade represents a 8.83% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TAP. BNP Paribas Exane lowered shares of Molson Coors Beverage from a “hold” rating to a “strong sell” rating and set a $40.00 price target on the stock. in a report on Friday, January 16th. Jefferies Financial Group cut their price target on shares of Molson Coors Beverage from $45.00 to $43.00 and set a “hold” rating on the stock in a report on Monday, April 20th. JPMorgan Chase & Co. cut their price target on shares of Molson Coors Beverage from $45.00 to $43.00 and set a “neutral” rating on the stock in a report on Monday, April 27th. Needham & Company LLC cut their price target on shares of Molson Coors Beverage from $52.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Finally, Evercore cut their price target on shares of Molson Coors Beverage from $50.00 to $47.00 and set an “outperform” rating on the stock in a report on Tuesday, April 21st. Four research 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. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $45.71.

Molson Coors Beverage Stock Up 3.6%

Shares of Molson Coors Beverage stock opened at $42.22 on Wednesday. The company has a current ratio of 0.54, a quick ratio of 0.38 and a debt-to-equity ratio of 0.38. The company’s fifty day simple moving average is $44.31 and its two-hundred day simple moving average is $46.39. The company has a market cap of $7.93 billion, a P/E ratio of -3.97 and a beta of 0.44. Molson Coors Beverage Company has a 12-month low of $40.64 and a 12-month high of $57.57.

Molson Coors Beverage (NYSE:TAP) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.26. The business had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.33 billion. Molson Coors Beverage had a negative net margin of 16.14% and a positive return on equity of 9.79%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.50 EPS. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. Research analysts anticipate that Molson Coors Beverage Company will post 4.73 EPS for the current year.

Molson Coors Beverage Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, March 6th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Friday, March 6th. This is an increase from Molson Coors Beverage’s previous quarterly dividend of $0.47. Molson Coors Beverage’s payout ratio is presently -18.05%.

Molson Coors Beverage 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.