Molson Coors Beverage Company $TAP is Fairfax Financial Holdings Ltd. Can's 9th Largest Position

Key Points

• Fairfax Financial raised its stake in Molson Coors by 5.9% in Q3 to 1,290,071 shares, making TAP the insurer's 9th largest holding (about 2.8% of its portfolio) valued at roughly $58.4 million and representing ~0.65% of the company.
• Dividend increase: Molson Coors raised its quarterly dividend to $0.48 (annualized $1.92), implying a ~4.4% yield with an ex-dividend date of March 6.
• Recent results and outlook: The company reported Q EPS of $1.21 (beat $1.17) while revenue fell 2.7%, set FY2026 EPS guidance of 4.607–4.823, and carries a consensus analyst rating of "Hold" with a $51.35 average price target.

Fairfax Financial Holdings Ltd. Can lifted its position in Molson Coors Beverage Company (NYSE:TAP - Free Report) by 5.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,290,071 shares of the company's stock after purchasing an additional 71,571 shares during the quarter. Molson Coors Beverage comprises about 2.8% of Fairfax Financial Holdings Ltd. Can's investment portfolio, making the stock its 9th biggest position. Fairfax Financial Holdings Ltd. Can owned about 0.65% of Molson Coors Beverage worth $58,363,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in TAP. Vanguard Group Inc. increased its stake in Molson Coors Beverage by 0.4% in the 2nd quarter. Vanguard Group Inc. now owns 21,208,854 shares of the company's stock worth $1,019,934,000 after acquiring an additional 92,058 shares during the last quarter. Dodge & Cox boosted its position in shares of Molson Coors Beverage by 29.4% during the 3rd quarter. Dodge & Cox now owns 18,631,224 shares of the company's stock valued at $843,063,000 after acquiring an additional 4,235,029 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Molson Coors Beverage by 22.9% in the third quarter. Dimensional Fund Advisors LP now owns 6,425,043 shares of the company's stock valued at $290,741,000 after purchasing an additional 1,195,249 shares in the last quarter. Geode Capital Management LLC increased its position in Molson Coors Beverage by 1.4% in the second quarter. Geode Capital Management LLC now owns 4,486,791 shares of the company's stock worth $214,860,000 after purchasing an additional 61,060 shares during the last quarter. Finally, Invesco Ltd. increased its position in Molson Coors Beverage by 3.6% in the third quarter. Invesco Ltd. now owns 4,430,544 shares of the company's stock worth $200,482,000 after purchasing an additional 152,859 shares during the last quarter. 78.46% of the stock is currently owned by hedge funds and other institutional investors.

Molson Coors Beverage Stock Performance

Shares of NYSE:TAP opened at $43.62 on Friday. The company has a current ratio of 0.55, a quick ratio of 0.42 and a debt-to-equity ratio of 0.37. Molson Coors Beverage Company has a 12 month low of $42.94 and a 12 month high of $63.50. The company has a market capitalization of $8.20 billion, a price-to-earnings ratio of -4.02 and a beta of 0.49. The firm's 50-day moving average is $48.91 and its 200 day moving average is $47.46.

Molson Coors Beverage (NYSE:TAP - Get Free Report) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.04. Molson Coors Beverage had a negative net margin of 16.41% and a positive return on equity of 9.04%. The business had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter last year, the firm earned $1.30 earnings per share. The firm's quarterly revenue was down 2.7% compared to the same quarter last year. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. Research analysts predict that Molson Coors Beverage Company will post 6.35 EPS for the current year.

Molson Coors Beverage Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, March 6th will be given a $0.48 dividend. This is a boost from Molson Coors Beverage's previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.92 annualized dividend and a yield of 4.4%. Molson Coors Beverage's dividend payout ratio is currently -17.70%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Barclays reissued an "underweight" rating and issued a $49.00 price objective on shares of Molson Coors Beverage in a research note on Friday, January 16th. Piper Sandler lowered their price target on shares of Molson Coors Beverage from $50.00 to $45.00 and set a "neutral" rating for the company in a report on Thursday, February 19th. UBS Group set a $52.00 price objective on Molson Coors Beverage in a research note on Friday, February 20th. Roth Mkm set a $58.00 price objective on Molson Coors Beverage in a research report on Thursday, February 19th. Finally, Jefferies Financial Group set a $45.00 price objective on Molson Coors Beverage in a research note on Thursday, February 19th. Five research analysts have rated the stock with a Buy rating, nine have given a Hold rating and five have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $51.35.

Insiders Place Their Bets

In other Molson Coors Beverage news, Director Andrew Thomas Molson bought 2,000 shares of Molson Coors Beverage stock in a transaction on Monday, March 9th. The shares were acquired at an average price of $46.67 per share, for a total transaction of $93,340.00. Following the completion of the purchase, the director directly owned 24,654 shares in the company, valued at approximately $1,150,602.18. This trade represents a 8.83% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.71% of the stock is currently owned by insiders.

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.

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