AustralianSuper Pty Ltd Decreases Stock Holdings in Molson Coors Beverage Company $TAP

AustralianSuper Pty Ltd lessened its holdings in Molson Coors Beverage Company (NYSE:TAP) by 43.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 523,321 shares of the company’s stock after selling 399,327 shares during the quarter. AustralianSuper Pty Ltd owned approximately 0.26% of Molson Coors Beverage worth $23,680,000 at the end of the most recent quarter.

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

Molson Coors Beverage Trading Down 1.1%

NYSE TAP opened at $48.06 on Wednesday. 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 capitalization of $9.03 billion, a P/E ratio of -4.43 and a beta of 0.49. Molson Coors Beverage Company has a 52-week low of $42.94 and a 52-week high of $64.66. The firm has a 50-day moving average price of $49.07 and a 200 day moving average price of $47.74.

Molson Coors Beverage (NYSE:TAP) last released its earnings results 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 company had revenue of $2.66 billion for 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%.The firm’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.30 EPS. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. Equities research 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 announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, March 6th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 4.0%. This is an increase from Molson Coors Beverage’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Friday, March 6th. Molson Coors Beverage’s dividend payout ratio is -17.33%.

Analyst Upgrades and Downgrades

TAP has been the subject of a number of recent research reports. Bank of America cut shares of Molson Coors Beverage from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $50.00 to $42.00 in a research note on Wednesday, February 25th. Weiss Ratings reiterated a “sell (d)” rating on shares of Molson Coors Beverage in a research note on Monday, December 29th. Needham & Company LLC dropped their price target on Molson Coors Beverage from $54.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, February 19th. Evercore reduced their price objective on 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. Finally, BNP Paribas Exane downgraded Molson Coors Beverage from a “hold” rating to a “strong sell” rating and set a $40.00 target price on the stock. in a research note on Friday, January 16th. Five research analysts have rated the stock with a Buy rating, nine have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat, Molson Coors Beverage 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.