AIA Group Ltd Has $3.99 Million Stock Holdings in Molson Coors Beverage Company $TAP

AIA Group Ltd grew its stake in Molson Coors Beverage Company (NYSE:TAP) by 132.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,063 shares of the company’s stock after acquiring an additional 50,192 shares during the period. AIA Group Ltd’s holdings in Molson Coors Beverage were worth $3,985,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Root Financial Partners LLC acquired a new stake in shares of Molson Coors Beverage in the 3rd quarter valued at approximately $25,000. Smartleaf Asset Management LLC increased 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 worth $27,000 after buying an additional 221 shares during the last quarter. IFP Advisors Inc raised its position in Molson Coors Beverage by 134.2% during the third quarter. IFP Advisors Inc now owns 787 shares of the company’s stock worth $38,000 after acquiring an additional 451 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in 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 acquiring an additional 198 shares during the last quarter. Finally, Huntington National Bank lifted its stake in Molson Coors Beverage by 45.8% in the third quarter. Huntington National Bank now owns 1,165 shares of the company’s stock valued at $53,000 after acquiring an additional 366 shares during the last quarter. Institutional investors and hedge funds own 78.46% of the company’s stock.

Insider Buying and Selling

In other Molson Coors Beverage news, Director Andrew Thomas Molson purchased 2,000 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were acquired at an average cost of $46.67 per share, with a total value of $93,340.00. Following the completion of the transaction, the director owned 24,654 shares in the company, valued at $1,150,602.18. The trade was 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 accessible through the SEC website. Corporate insiders own 2.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. BNP Paribas Exane lowered shares of Molson Coors Beverage from a “hold” rating to a “strong sell” rating and set a $40.00 price objective on the stock. in a research note on Friday, January 16th. Barclays reiterated an “underweight” rating and issued a $49.00 target price on shares of Molson Coors Beverage in a research note on Friday, January 16th. Zacks Research downgraded Molson Coors Beverage from a “hold” rating to a “strong sell” rating in a research report on Friday, February 20th. Bank of America lowered Molson Coors Beverage from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $50.00 to $42.00 in a research note on Wednesday, February 25th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Molson Coors Beverage in a research report on Monday, December 29th. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, Molson Coors Beverage presently has an average rating of “Hold” and an average target price of $51.35.

Molson Coors Beverage Stock Up 1.1%

Molson Coors Beverage stock opened at $42.35 on Friday. The company’s 50-day moving average price is $48.58 and its two-hundred day moving average price is $47.23. The company has a quick ratio of 0.42, a current ratio of 0.55 and a debt-to-equity ratio of 0.37. The stock has a market cap of $7.96 billion, a P/E ratio of -3.90 and a beta of 0.49. Molson Coors Beverage Company has a twelve month low of $41.83 and a twelve month high of $63.50.

Molson Coors Beverage (NYSE:TAP) last posted 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 company had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.71 billion. Molson Coors Beverage had a positive return on equity of 9.04% and a negative net margin of 16.41%.The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.30 earnings per share. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. As a group, analysts expect that Molson Coors Beverage Company will post 6.35 EPS for the current year.

Molson Coors Beverage Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, March 6th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 4.5%. This is a boost from Molson Coors Beverage’s previous quarterly dividend of $0.47. The ex-dividend date is Friday, March 6th. Molson Coors Beverage’s dividend payout ratio is currently -17.70%.

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.