Molson Coors Beverage Company $TAP Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. decreased its stake in shares of Molson Coors Beverage Company (NYSE:TAP - Free Report) by 61.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,657 shares of the company's stock after selling 43,600 shares during the period. Asset Management One Co. Ltd.'s holdings in Molson Coors Beverage were worth $1,289,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Root Financial Partners LLC acquired a new position in Molson Coors Beverage during the 3rd quarter valued at about $25,000. GoalVest Advisory LLC acquired a new position in Molson Coors Beverage during the 4th quarter valued at about $25,000. Smartleaf Asset Management LLC increased its stake in Molson Coors Beverage by 64.2% during the 2nd quarter. Smartleaf Asset Management LLC now owns 565 shares of the company's stock valued at $27,000 after buying an additional 221 shares during the period. IFP Advisors Inc increased its stake in Molson Coors Beverage by 134.2% during the 3rd quarter. IFP Advisors Inc now owns 787 shares of the company's stock valued at $38,000 after buying an additional 451 shares during the period. Finally, Geneos Wealth Management Inc. grew its stake in shares of 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 purchasing an additional 198 shares during the last quarter. Institutional investors and hedge funds own 78.46% of the company's stock.

Molson Coors Beverage Stock Performance

Shares of TAP opened at $42.87 on Friday. Molson Coors Beverage Company has a one year low of $41.04 and a one year high of $58.65. The company has a 50-day moving average of $45.33 and a two-hundred day moving average of $46.54. The stock has a market cap of $8.06 billion, a price-to-earnings ratio of -3.95 and a beta of 0.50. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.55 and a quick ratio of 0.42.

Molson Coors Beverage (NYSE:TAP - Get Free Report) last announced its earnings results on Wednesday, February 18th. The company reported $1.21 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 company had revenue of $2.03 billion during the quarter, compared to analysts' expectations of $2.71 billion. During the same period last year, the company posted $1.30 earnings per share. The business's revenue for the quarter was down 2.7% on a year-over-year basis. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. On average, equities research analysts expect that Molson Coors Beverage Company will post 4.77 earnings per share for the current year.

Molson Coors Beverage Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, March 6th were paid a $0.48 dividend. The ex-dividend date of this dividend was Friday, March 6th. This represents a $1.92 annualized dividend and a yield of 4.5%. This is an increase from Molson Coors Beverage's previous quarterly dividend of $0.47. Molson Coors Beverage's dividend payout ratio (DPR) is currently -17.70%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Zacks Research raised shares of Molson Coors Beverage from a "strong sell" rating to a "hold" rating in a research note on Monday, April 13th. Barclays lifted their price objective on shares of Molson Coors Beverage from $40.00 to $43.00 and gave the stock an "underweight" rating in a research note on Tuesday, April 14th. UBS Group lowered their price objective on shares of Molson Coors Beverage from $50.00 to $45.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 7th. Needham & Company LLC lowered their price objective on shares of Molson Coors Beverage from $54.00 to $52.00 and set a "buy" rating on the stock in a research note on Thursday, February 19th. Finally, BNP Paribas Exane cut shares of Molson Coors Beverage from a "hold" rating to a "strong sell" rating and set a $40.00 price objective on the stock. in a research note on Friday, January 16th. Four equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Molson Coors Beverage presently has an average rating of "Hold" and an average target price of $47.47.

Insider Transactions at Molson Coors Beverage

In other Molson Coors Beverage news, Director Andrew Thomas Molson acquired 2,000 shares of Molson Coors Beverage stock in a transaction that occurred on Monday, March 9th. The stock was purchased at an average cost of $46.67 per share, with a total value of $93,340.00. Following the purchase, the director owned 24,654 shares in the company, valued at approximately $1,150,602.18. The trade was a 8.83% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.27% of the company's stock.

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.

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