Empowered Funds LLC Sells 32,412 Shares of Molson Coors Beverage Company $TAP
Empowered Funds LLC lessened its stake in Molson Coors Beverage Company (NYSE:TAP - Free Report) by 19. 0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 138,451 shares of the company's stock after selling 32,412 shar
Empowered Funds LLC lessened its stake in Molson Coors Beverage Company (NYSE:TAP-Free Report) by 19. 0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 138,451 shares of the company's stock after selling 32,412 shares during the period. Empowered Funds LLC owned 0. 07% of Molson Coors Beverage worth $5,962,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Anheuser-Busch Stock Jumps as Volume Growth Signals TurnaroundSeveral other hedge funds have also modified their holdings of TAP. SBI Securities Co. Ltd. grew its position in shares of Molson Coors Beverage by 84. 1% in the 4th quarter. SBI Securities Co. Ltd. now owns 534 shares of the company's stock worth $25,000 after buying an additional 244 shares during the last quarter. Basepoint Wealth LLC purchased a new stake in Molson Coors Beverage during the fourth quarter valued at approximately $26,000. Smartleaf Asset Management LLC boosted its stake in 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 acquiring an additional 221 shares in the last quarter. Larson Financial Group LLC boosted its stake in Molson Coors Beverage by 551. 1% in the fourth quarter. Larson Financial Group LLC now owns 612 shares of the company's stock valued at $29,000 after acquiring an additional 518 shares in the last quarter. Finally, Clearstead Advisors LLC grew its holdings in Molson Coors Beverage by 223. 0% in the fourth quarter. Clearstead Advisors LLC now owns 659 shares of the company's stock worth $31,000 after purchasing an additional 455 shares during the last quarter. 78. 46% of the stock is owned by hedge funds and other institutional investors. GetMolson Coors Beveragealerts:Molson Coors Beverage Trading Down 0. 1%NYSE:TAPopened at $42. 74 on Monday. The company has a market capitalization of $8. 02 billion, a P/E ratio of -3. 70 and a beta of 0. 42. The company has a current ratio of 0. 88, a quick ratio of 0. 72 and a debt-to-equity ratio of 0. 55. Molson Coors Beverage Company has a 12 month low of $38. 04 and a 12 month high of $54. 82. The firm has a fifty day simple moving average of $40. 69 and a 200-day simple moving average of $43. 35. Market Whispers: Is Molson Coors the Next Big Beverage Buyout?Molson Coors Beverage (NYSE:TAP-Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $1. 58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1. 51 by $0. 07. The firm had revenue of $3. 10 billion for the quarter, compared to the consensus estimate of $3. 08 billion. Molson Coors Beverage had a positive return on equity of 9. 46% and a negative net margin of 17. 83%. The firm's revenue was down 3. 3% on a year-over-year basis. During the same period in the prior year, the firm earned $2. 05 EPS. Molson Coors Beverage has set its FY 2026 guidance at 4. 607-4. 823 EPS. On average, equities research analysts anticipate that Molson Coors Beverage Company will post 4. 81 earnings per share for the current year. Molson Coors Beverage Announces DividendThe firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 28th will be issued a $0. 48 dividend. This represents a $1. 92 annualized dividend and a yield of 4. 5%. The ex-dividend date is Friday, August 28th. Molson Coors Beverage's dividend payout ratio is -16. 64%. Insider Transactions at Molson Coors BeverageBeer’s Big Comeback? 2 Stocks Poised to Benefit in 2026In other Molson Coors Beverage news, DirectorGeoffrey E. Molsonsold 1,245 shares of the firm's stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $42. 50, for a total transaction of $52,912. 50. Following the completion of the transaction, the director directly owned 9,871 shares of the company's stock, valued at approximately $419,517. 50. This trade represents a 11. 20% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed throughthis link. Corporate insiders own 2. 27% of the company's stock. Analyst Ratings ChangesA number of equities analysts have recently issued reports on TAP shares. Wells Fargo & Company reduced their price target on Molson Coors Beverage from $43. 00 to $41. 00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 8th. Evercore dropped their target price on Molson Coors Beverage from $50. 00 to $47. 00 and set an "outperform" rating on the stock in a research note on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft set a $41. 00 target price on Molson Coors Beverage in a research report on Wednesday, July 22nd. Piper Sandler decreased their price target on Molson Coors Beverage from $45. 00 to $44. 00 and set a "neutral" rating for the company in a research note on Friday, August 7th. Finally, Morgan Stanley lowered their price target on Molson Coors Beverage from $52. 00 to $46. 00 and set an "equal weight" rating for the company in a report on Monday, May 4th. Four research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $44. 18. View Our Latest Report on TAPMolson Coors Beverage Profile(Free Report)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. See AlsoFive stocks we like better than Molson Coors BeverageThe Metals Company’s Big Bet Now Comes Down to a LicenseOneSpaWorld Keeps Turning Cruise Demand Into Record EarningsMeta and Tesla Are Rebounding From Oversold Levels—Now What?AMG’s Alternatives Boom Powers Record GrowthWant to see what other hedge funds are holding TAP?Visit HoldingsChannel. comto get the latest 13F filings and insider trades for Molson Coors Beverage Company (NYSE:TAP-Free Report). This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat. com. Continue following MarketBeatAdd MarketBeat as your preferred source on Google to see our latest stories in your feed. Should You Invest $1,000 in Molson Coors Beverage Right Now?Before you consider Molson Coors Beverage, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified thefive stocksthat top analysts are quietly whispering to their clients to buy now before the broader market catches on. . . and Molson Coors Beverage wasn't on the list. While Molson Coors Beverage currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. 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