Squarepoint Ops LLC Raises Holdings in Molson Coors Beverage Company $TAP

Squarepoint Ops LLC raised its holdings in shares of Molson Coors Beverage Company (NYSE:TAP) by 8.1% in the second quarter, Holdings Channel.com reports. The institutional investor owned 1,190,275 shares of the company’s stock after purchasing an additional 89,398 shares during the quarter. Squarepoint Ops LLC’s holdings in Molson Coors Beverage were worth $46,373,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of TAP. Geneos Wealth Management Inc. raised 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 valued at $49,000 after acquiring an additional 198 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of Molson Coors Beverage by 16.5% during the 4th quarter. UMB Bank n.a. now owns 1,467 shares of the company’s stock worth $68,000 after purchasing an additional 208 shares during the last quarter. New York Life Investment Management LLC grew its position in shares of Molson Coors Beverage by 0.9% in the fourth quarter. New York Life Investment Management LLC now owns 22,904 shares of the company’s stock valued at $1,069,000 after purchasing an additional 210 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Molson Coors Beverage by 64.2% in the second quarter. Smartleaf Asset Management LLC now owns 565 shares of the company’s stock valued at $27,000 after purchasing an additional 221 shares during the last quarter. Finally, SBI Securities Co. Ltd. increased its holdings in shares of Molson Coors Beverage by 84.1% in 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. 78.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TAP. Wells Fargo & Company cut their target price on Molson Coors Beverage from $43.00 to $41.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 8th. Citigroup cut their price objective on shares of Molson Coors Beverage from $47.00 to $42.00 and set a “neutral” rating for the company in a research report on Tuesday, July 14th. JPMorgan Chase & Co. lifted their target price on shares of Molson Coors Beverage from $41.00 to $42.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. Jefferies Financial Group decreased their target price on shares of Molson Coors Beverage from $43.00 to $41.00 in a report on Friday, June 12th. Finally, UBS Group raised their price target on shares of Molson Coors Beverage from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Four equities 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 stock. According to data from MarketBeat, Molson Coors Beverage presently has a consensus rating of “Hold” and a consensus target price of $44.18.

Molson Coors Beverage Stock Performance

Shares of TAP stock opened at $38.86 on Wednesday. The firm’s 50 day moving average price is $41.04 and its 200-day moving average price is $42.21. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.72 and a current ratio of 0.88. Molson Coors Beverage Company has a one year low of $38.04 and a one year high of $54.82. The firm has a market cap of $7.29 billion, a P/E ratio of -3.37 and a beta of 0.42.

Molson Coors Beverage (NYSE:TAP) last announced its 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 positive return on equity of 9.46% and a negative net margin of 17.83%.The company had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.08 billion. During the same period last year, the business posted $2.05 EPS. Molson Coors Beverage’s revenue for the quarter was down 3.3% on a year-over-year basis. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. As a group, equities research analysts predict that Molson Coors Beverage Company will post 4.81 EPS for the current year.

Molson Coors Beverage Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, August 28th will be given a $0.48 dividend. The ex-dividend date of this dividend 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 dividend payout ratio is currently -16.64%.

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.