Insider Buying: Molson Coors Beverage (NYSE:TAP) Director Buys 2,000 Shares of Stock

Key Points

• Director Andrew Thomas Molson bought 2,000 shares on March 9 at $46.67 each (about $93,340), raising his stake to 24,654 shares — an 8.83% increase in his ownership.
• Molson Coors raised its quarterly dividend to $0.48 (annualized $1.92) for a ~4.2% yield; the ex-dividend date was March 6 and the payment date is March 20.
• Recent results and market context: the company reported $1.21 EPS (beating $1.17) but revenue missed and net margin was -16.41%; shares trade near $45.85 with a market cap of ~$8.6B and an average analyst target of $51.35 (consensus rating: Hold).

Molson Coors Beverage Company (NYSE:TAP - Get Free Report) Director Andrew Thomas Molson purchased 2,000 shares of the business's stock in a transaction that occurred on Monday, March 9th. The stock was purchased at an average price of $46.67 per share, for a total transaction of $93,340.00. Following the completion of the transaction, the director directly owned 24,654 shares in the company, valued at $1,150,602.18. This trade represents a 8.83% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link.

Molson Coors Beverage Trading Down 0.4%

Molson Coors Beverage stock traded down $0.16 during midday trading on Tuesday, hitting $45.85. 3,539,948 shares of the stock were exchanged, compared to its average volume of 3,151,605. The stock has a market capitalization of $8.62 billion, a PE ratio of -4.23 and a beta of 0.49. The company has a fifty day simple moving average of $49.10 and a two-hundred day simple moving average of $47.61. The company has a quick ratio of 0.42, a current ratio of 0.55 and a debt-to-equity ratio of 0.37. Molson Coors Beverage Company has a 52 week low of $42.94 and a 52 week high of $63.50.

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

Molson Coors Beverage Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, March 6th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Friday, March 6th. This is a boost from Molson Coors Beverage's previous quarterly dividend of $0.47. Molson Coors Beverage's dividend payout ratio (DPR) is -17.70%.

Analyst Ratings Changes

TAP has been the subject of a number of research analyst reports. Jefferies Financial Group set a $45.00 target price on Molson Coors Beverage in a research note on Thursday, February 19th. BNP Paribas Exane lowered Molson Coors Beverage from a "hold" rating to a "strong sell" rating and set a $40.00 price target on the stock. in a research report on Friday, January 16th. Zacks Research cut Molson Coors Beverage from a "hold" rating to a "strong sell" rating in a report on Friday, February 20th. UBS Group set a $52.00 price objective on Molson Coors Beverage in a research report on Friday, February 20th. Finally, TD Cowen lowered their target price on Molson Coors Beverage from $47.00 to $43.00 and set a "hold" rating for the company in a research note on Friday, February 20th. Five research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and five have given a Sell rating to the company's stock. According to data from MarketBeat, Molson Coors Beverage has an average rating of "Hold" and an average target price of $51.35.

Institutional Trading of Molson Coors Beverage

Several hedge funds and other institutional investors have recently modified their holdings of TAP. Caxton Associates LLP bought a new position in shares of Molson Coors Beverage during the first quarter worth about $202,000. United Services Automobile Association bought a new stake in Molson Coors Beverage in the 1st quarter valued at approximately $215,000. Woodline Partners LP boosted its position in Molson Coors Beverage by 38.7% during the 1st quarter. Woodline Partners LP now owns 14,546 shares of the company's stock worth $885,000 after acquiring an additional 4,056 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in Molson Coors Beverage by 32.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 800 shares of the company's stock worth $49,000 after acquiring an additional 198 shares during the last quarter. Finally, Penserra Capital Management LLC grew its stake in shares of Molson Coors Beverage by 1.7% during the 2nd quarter. Penserra Capital Management LLC now owns 15,699 shares of the company's stock worth $754,000 after acquiring an additional 257 shares in the last quarter. Institutional investors and hedge funds own 78.46% of the company's stock.

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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