Citigroup Inc. Buys 815,348 Shares of Molson Coors Beverage Company $TAP

Citigroup Inc. raised its stake in shares of Molson Coors Beverage Company (NYSE:TAP) by 148.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,364,241 shares of the company’s stock after purchasing an additional 815,348 shares during the period. Citigroup Inc. owned 0.69% of Molson Coors Beverage worth $61,732,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Root Financial Partners LLC acquired a new position in Molson Coors Beverage in the 3rd quarter valued at $25,000. Clearstead Trust LLC boosted its holdings in Molson Coors Beverage by 952.8% during the second quarter. Clearstead Trust LLC now owns 558 shares of the company’s stock valued at $27,000 after acquiring an additional 505 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Molson Coors Beverage by 64.2% during the second quarter. Smartleaf Asset Management LLC now owns 565 shares of the company’s stock valued at $27,000 after acquiring an additional 221 shares during the period. Geneos Wealth Management Inc. grew its position in shares of Molson Coors Beverage by 32.9% in the first quarter. Geneos Wealth Management Inc. now owns 800 shares of the company’s stock valued at $49,000 after purchasing an additional 198 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake in shares of Molson Coors Beverage by 175.7% in the third quarter. Versant Capital Management Inc now owns 1,202 shares of the company’s stock worth $54,000 after purchasing an additional 766 shares during the period. 78.46% of the stock is currently owned by institutional investors and hedge funds.

Molson Coors Beverage Price Performance

Shares of NYSE:TAP opened at $49.47 on Tuesday. The firm has a market capitalization of $9.78 billion, a PE ratio of -4.56 and a beta of 0.48. The company has a current ratio of 0.55, a quick ratio of 0.42 and a debt-to-equity ratio of 0.37. Molson Coors Beverage Company has a 1-year low of $42.94 and a 1-year high of $64.66. The business’s 50 day moving average is $48.93 and its 200-day moving average is $47.85.

Molson Coors Beverage (NYSE:TAP) last issued 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 positive return on equity of 9.04% and a negative net margin of 16.41%.The firm had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.71 billion. During the same period last year, the business earned $1.30 earnings per share. Molson Coors Beverage’s quarterly revenue was down 2.7% compared to the same quarter last year. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. Sell-side analysts predict that Molson Coors Beverage Company will post 6.35 earnings per share for the current year.

Molson Coors Beverage Increases Dividend

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TAP. UBS Group set a $52.00 target price on Molson Coors Beverage in a research note on Friday. JPMorgan Chase & Co. initiated coverage on Molson Coors Beverage in a report on Wednesday, November 5th. They set a “neutral” rating and a $49.00 price target for the company. BNP Paribas Exane cut Molson Coors Beverage from a “hold” rating to a “strong sell” rating and set a $40.00 price objective for the company. in a research report on Friday, January 16th. Barclays reissued an “underweight” rating and issued a $49.00 price objective on shares of Molson Coors Beverage in a research report on Friday, January 16th. Finally, TD Cowen dropped their target price on shares of Molson Coors Beverage from $47.00 to $43.00 and set a “hold” rating on the stock in a research report on Friday. Five equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $51.82.

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.