Molson Coors Beverage Company $TAP Stock Sold by ProShare Advisors LLC

ProShare Advisors LLC lowered its stake in Molson Coors Beverage Company (NYSE:TAP) by 53.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,726 shares of the company’s stock after selling 23,785 shares during the period. ProShare Advisors LLC’s holdings in Molson Coors Beverage were worth $756,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. raised its stake in Molson Coors Beverage by 84.7% during the third quarter. SBI Securities Co. Ltd. now owns 992 shares of the company’s stock valued at $36,000 after buying an additional 455 shares during the last quarter. CX Institutional grew its stake in shares of Molson Coors Beverage by 496.8% in the second quarter. CX Institutional now owns 1,325 shares of the company’s stock worth $52,000 after acquiring an additional 1,103 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Molson Coors Beverage by 39.5% during the first quarter. EverSource Wealth Advisors LLC now owns 1,540 shares of the company’s stock valued at $66,000 after acquiring an additional 436 shares in the last quarter. Root Financial Partners LLC bought a new position in shares of Molson Coors Beverage during the third quarter valued at $86,000. Finally, Signaturefd LLC increased its holdings in shares of Molson Coors Beverage by 71.0% during the third quarter. Signaturefd LLC now owns 2,430 shares of the company’s stock valued at $89,000 after acquiring an additional 1,009 shares in the last quarter. Institutional investors own 78.46% of the company’s stock.

Molson Coors Beverage Stock Performance

TAP stock opened at $40.26 on Friday. The stock’s 50 day simple moving average is $38.95 and its 200 day simple moving average is $42.31. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 0.54. Molson Coors Beverage Company has a 12-month low of $35.52 and a 12-month high of $54.82. The stock has a market capitalization of $8.44 billion, a PE ratio of 8.57 and a beta of 0.45.

Molson Coors Beverage (NYSE:TAP) last posted its earnings results on Thursday, November 5th. The company reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.02. Molson Coors Beverage had a return on equity of 8.92% and a net margin of 6.95%. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same quarter last year, the company earned $1.67 EPS. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. As a group, research analysts forecast that Molson Coors Beverage Company will post 4.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TAP has been the subject of several recent analyst reports. TD Cowen lowered their price target on Molson Coors Beverage from $43.00 to $37.00 and set a “hold” rating for the company in a research report on Tuesday, October 13th. Citigroup cut their price objective on shares of Molson Coors Beverage from $42.00 to $40.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 14th. Needham & Company LLC reduced their price objective on shares of Molson Coors Beverage from $50.00 to $46.00 and set a “buy” rating for the company in a research note on Friday. Weiss Ratings restated a “sell (d)” rating on shares of Molson Coors Beverage in a research note on Monday, September 21st. Finally, Piper Sandler decreased their target price on shares of Molson Coors Beverage from $44.00 to $43.00 and set a “neutral” rating for the company in a report on Friday. Three research analysts have rated the stock with a Buy rating, nine have given a Hold rating and six have given a Sell rating to the company’s stock. According to MarketBeat, Molson Coors Beverage has a consensus rating of “Reduce” and an average target price of $42.65.

More Molson Coors Beverage News

Here are the key news stories impacting Molson Coors Beverage this week:

• Positive Sentiment: Needham & Company maintained a “buy” rating, despite lowering its price target from $50 to $46. The revised target still implies potential upside from the reference price. Needham analyst recommendations
• Neutral Sentiment: Piper Sandler cut its target from $44 to $43 and kept a “neutral” rating, signaling limited conviction in a near-term recovery. Piper Sandler analyst recommendations
• Negative Sentiment: Wells Fargo downgraded TAP from “equal weight” to “underweight” and lowered its target to $36 from $38, citing sales pressure and greater inflation risks extending into 2027. Wells Fargo analyst recommendations Wells Fargo sales and inflation outlook
• Negative Sentiment: Third-quarter revenue was about $2.93 billion, below estimates and down 1.6% year over year. EPS of $1.46 was lower than the $1.67 reported a year earlier and narrowly missed some estimates, though it topped other consensus figures. Weak demand and cost inflation are squeezing results. Q3 earnings and cost inflation
• Negative Sentiment: Molson Coors cut its 2026 sales and earnings outlook and expects soft beer demand to persist, raising concerns about continued revenue and profit pressure. Molson Coors cuts outlook

Molson Coors Beverage Company Profile

Molson Coors Beverage Company is a global beverage company best known for brewing and marketing beer. Its portfolio includes widely recognized brands such as Coors, Coors Light, Miller Lite, Miller High Life, Molson Canadian, Carling, Blue Moon, Staropramen and Peroni Nastro Azzurro, along with hard seltzers, flavored alcoholic beverages and other adjacent products.

The company serves consumers through a broad network of breweries, distributors and retailers across North America, Europe and other international markets.