Pictet Asset Management Holding SA Lowers Holdings in Molson Coors Beverage Company $TAP

Key Points

• Pictet Asset Management cut its stake in Molson Coors by 60.3% in Q4, selling 54,268 shares and leaving 35,723 shares valued at about $1.67 million.
• Director Andrew Thomas Molson purchased 2,000 shares at $46.67 on March 9, raising his direct holding to 24,654 shares (an 8.83% increase), indicating insider buying.
• Molson Coors beat quarterly estimates with $0.62 EPS (vs. $0.36 est.) on $2.35B revenue, raised its quarterly dividend to $0.48 (4.7% yield), and set FY26 EPS guidance of 4.607–4.823 (analyst consensus ~4.72).

Pictet Asset Management Holding SA trimmed its position in Molson Coors Beverage Company (NYSE:TAP - Free Report) by 60.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,723 shares of the company's stock after selling 54,268 shares during the period. Pictet Asset Management Holding SA's holdings in Molson Coors Beverage were worth $1,668,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dodge & Cox grew its position in Molson Coors Beverage by 29.4% in the 3rd quarter. Dodge & Cox now owns 18,631,224 shares of the company's stock valued at $843,063,000 after buying an additional 4,235,029 shares during the last quarter. State Street Corp grew its position in Molson Coors Beverage by 19.2% in the 3rd quarter. State Street Corp now owns 10,516,810 shares of the company's stock valued at $475,886,000 after buying an additional 1,693,682 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Molson Coors Beverage by 22.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 6,425,043 shares of the company's stock valued at $290,741,000 after buying an additional 1,195,249 shares during the last quarter. Royal London Asset Management Ltd. grew its position in Molson Coors Beverage by 317.9% in the 2nd quarter. Royal London Asset Management Ltd. now owns 2,044,028 shares of the company's stock valued at $98,297,000 after buying an additional 1,554,851 shares during the last quarter. Finally, Schroder Investment Management Group grew its position in Molson Coors Beverage by 21.2% in the 3rd quarter. Schroder Investment Management Group now owns 1,947,454 shares of the company's stock valued at $88,122,000 after buying an additional 340,433 shares during the last quarter. 78.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Molson Coors Beverage

In other Molson Coors Beverage news, Director Andrew Thomas Molson acquired 2,000 shares of the firm's stock in a transaction that occurred on Monday, March 9th. The shares were acquired at an average cost of $46.67 per share, for a total transaction of $93,340.00. Following the transaction, the director directly owned 24,654 shares of the company's stock, valued at approximately $1,150,602.18. This represents a 8.83% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.27% of the stock is owned by corporate insiders.

Molson Coors Beverage Price Performance

Molson Coors Beverage stock opened at $40.79 on Tuesday. Molson Coors Beverage Company has a 52 week low of $40.64 and a 52 week high of $57.80. The company has a quick ratio of 0.38, a current ratio of 0.54 and a debt-to-equity ratio of 0.38. The firm's 50-day simple moving average is $44.46 and its 200 day simple moving average is $46.42. The firm has a market capitalization of $7.66 billion, a PE ratio of -3.83 and a beta of 0.44.

Molson Coors Beverage (NYSE:TAP - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.36 by $0.26. Molson Coors Beverage had a negative net margin of 16.14% and a positive return on equity of 9.79%. The business had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same period in the previous year, the firm earned $0.50 EPS. The business's revenue for the quarter was up 2.0% compared to the same quarter last year. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. On average, equities research analysts predict that Molson Coors Beverage Company will post 4.72 EPS for the current fiscal 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 given a $0.48 dividend. The ex-dividend date was Friday, March 6th. This represents a $1.92 annualized dividend and a dividend yield of 4.7%. This is a boost from Molson Coors Beverage's previous quarterly dividend of $0.47. Molson Coors Beverage's payout ratio is presently -18.05%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $42.00 price objective on shares of Molson Coors Beverage in a research report on Friday. Morgan Stanley set a $46.00 price objective on shares of Molson Coors Beverage in a research report on Monday. Piper Sandler decreased their target price on shares of Molson Coors Beverage from $50.00 to $45.00 and set a "neutral" rating on the stock in a research report on Thursday, February 19th. Bank of America lowered shares of Molson Coors Beverage from a "neutral" rating to an "underperform" rating and decreased their target price for the stock from $50.00 to $42.00 in a research report on Wednesday, February 25th. Finally, Needham & Company LLC decreased their target price on shares of Molson Coors Beverage from $52.00 to $50.00 and set a "buy" rating on the stock in a research report on Friday. Four investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $45.71.

Molson Coors Beverage Company 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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