Polianta Ltd Takes Position in Molson Coors Beverage Company $TAP

Polianta Ltd bought a new position in Molson Coors Beverage Company (NYSE:TAP) in the 3rd quarter, Holdings Channel reports. The firm bought 34,100 shares of the company’s stock, valued at approximately $1,543,000. Molson Coors Beverage comprises about 0.6% of Polianta Ltd’s portfolio, making the stock its 28th largest holding.

Other large investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in Molson Coors Beverage in the second quarter worth about $134,289,000. Royal London Asset Management Ltd. raised its holdings in shares of Molson Coors Beverage by 317.9% in the second quarter. Royal London Asset Management Ltd. now owns 2,044,028 shares of the company’s stock worth $98,297,000 after buying an additional 1,554,851 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Molson Coors Beverage in the second quarter worth approximately $38,377,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Molson Coors Beverage by 2,728.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 730,153 shares of the company’s stock worth $35,113,000 after acquiring an additional 704,334 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Molson Coors Beverage by 17.2% during the 2nd quarter. Invesco Ltd. now owns 4,277,685 shares of the company’s stock valued at $205,714,000 after acquiring an additional 626,639 shares during the period. 78.46% of the stock is owned by hedge funds and other institutional investors.

Molson Coors Beverage Trading Up 0.7%

NYSE TAP opened at $46.33 on Friday. Molson Coors Beverage Company has a one year low of $42.94 and a one year high of $64.66. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.45 and a current ratio of 0.60. The company has a market capitalization of $9.16 billion, a price-to-earnings ratio of -4.34 and a beta of 0.45. The company’s 50-day simple moving average is $46.10 and its two-hundred day simple moving average is $47.97.

Molson Coors Beverage (NYSE:TAP) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.72 by ($0.05). Molson Coors Beverage had a positive return on equity of 8.78% and a negative net margin of 15.89%.The business had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $3.02 billion. Molson Coors Beverage has set its FY 2025 guidance at 5.360-5.360 EPS. Equities analysts forecast that Molson Coors Beverage Company will post 6.35 EPS for the current fiscal year.

Molson Coors Beverage Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Friday, December 5th. Molson Coors Beverage’s dividend payout ratio (DPR) is -17.60%.

Insiders Place Their Bets

In related news, Director Andrew Thomas Molson purchased 7,500 shares of the business’s stock in a transaction dated Monday, November 10th. The shares were acquired at an average cost of $46.79 per share, for a total transaction of $350,925.00. Following the acquisition, the director owned 22,654 shares of the company’s stock, valued at $1,059,980.66. The trade was a 49.49% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David S. Coors purchased 2,245 shares of Molson Coors Beverage stock in a transaction dated Wednesday, November 5th. The stock was bought at an average cost of $44.47 per share, with a total value of $99,835.15. Following the completion of the transaction, the director owned 30,586 shares in the company, valued at approximately $1,360,159.42. This represents a 7.92% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 2.71% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on TAP shares. Barclays reduced their target price on Molson Coors Beverage from $46.00 to $45.00 and set an “underweight” rating on the stock in a research note on Thursday, November 6th. Roth Capital reaffirmed a “buy” rating and issued a $65.00 price target (down previously from $67.00) on shares of Molson Coors Beverage in a research note on Wednesday, November 5th. Citigroup lowered their price objective on shares of Molson Coors Beverage from $51.00 to $49.00 and set a “neutral” rating for the company in a research report on Thursday, October 9th. Wells Fargo & Company restated an “equal weight” rating and issued a $50.00 target price (down from $53.00) on shares of Molson Coors Beverage in a research note on Wednesday, November 19th. Finally, Evercore ISI decreased their price target on shares of Molson Coors Beverage from $53.00 to $50.00 and set an “outperform” rating for the company in a research note on Wednesday, November 5th. Five research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Molson Coors Beverage has an average rating of “Hold” and a consensus price target of $53.59.

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.