Mitsubishi UFJ Asset Management Co. Ltd. Increases Stock Holdings in Molson Coors Beverage Company $TAP

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Molson Coors Beverage Company (NYSE:TAP) by 8.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 355,084 shares of the company’s stock after purchasing an additional 29,092 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.18% of Molson Coors Beverage worth $16,068,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of TAP. Polianta Ltd acquired a new stake in shares of Molson Coors Beverage in the third quarter valued at approximately $1,543,000. JPMorgan Chase & Co. raised its position in Molson Coors Beverage by 20.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,036,110 shares of the company’s stock valued at $49,828,000 after purchasing an additional 175,587 shares during the last quarter. Swiss National Bank boosted its stake in Molson Coors Beverage by 5.5% during the 2nd quarter. Swiss National Bank now owns 537,600 shares of the company’s stock worth $25,853,000 after purchasing an additional 27,900 shares during the period. Wilsey Asset Management Inc. grew its position in Molson Coors Beverage by 4.9% during the 3rd quarter. Wilsey Asset Management Inc. now owns 591,259 shares of the company’s stock worth $26,754,000 after purchasing an additional 27,819 shares during the last quarter. Finally, Gamco Investors INC. ET AL grew its position in Molson Coors Beverage by 182.1% during the 2nd quarter. Gamco Investors INC. ET AL now owns 84,290 shares of the company’s stock worth $4,054,000 after purchasing an additional 54,410 shares during the last quarter. Hedge funds and other institutional investors own 78.46% of the company’s stock.

Molson Coors Beverage Stock Up 2.0%

Molson Coors Beverage stock opened at $49.02 on Monday. The stock’s 50 day moving average price is $48.99 and its 200 day moving average price is $47.79. Molson Coors Beverage Company has a 1-year low of $42.94 and a 1-year high of $64.66. The company has a market cap of $9.21 billion, a PE ratio of -4.52 and a beta of 0.49. 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) last released 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. The firm had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.71 billion. Molson Coors Beverage had a positive return on equity of 9.04% and a negative net margin of 16.41%.Molson Coors Beverage’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.30 earnings per share. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. On average, sell-side analysts predict that Molson Coors Beverage Company will post 6.35 EPS for the current fiscal year.

Molson Coors Beverage Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, March 6th will be issued a dividend of $0.48 per share. This is an increase from Molson Coors Beverage’s previous quarterly dividend of $0.47. This represents a $1.92 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Friday, March 6th. Molson Coors Beverage’s payout ratio is presently -17.33%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TAP. Barclays reaffirmed an “underweight” rating and issued a $49.00 target price on shares of Molson Coors Beverage in a report on Friday, January 16th. JPMorgan Chase & Co. assumed coverage on Molson Coors Beverage in a research report on Wednesday, November 5th. They issued a “neutral” rating and a $49.00 price target on the stock. Sanford C. Bernstein decreased their price objective on Molson Coors Beverage from $54.00 to $50.00 and set a “market perform” rating for the company in a research report on Wednesday, November 5th. Roth Mkm set a $58.00 target price on Molson Coors Beverage in a research note on Thursday, February 19th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Molson Coors Beverage in a report on Monday, December 29th. Five 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 company presently has a consensus rating of “Hold” and an average target price of $51.35.

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.