AustralianSuper Pty Ltd Sells 399,327 Shares of Molson Coors Beverage Company $TAP

AustralianSuper Pty Ltd reduced its stake in Molson Coors Beverage Company (NYSE:TAP) by 43.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 523,321 shares of the company’s stock after selling 399,327 shares during the period. AustralianSuper Pty Ltd’s holdings in Molson Coors Beverage were worth $23,680,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Root Financial Partners LLC acquired a new stake in shares of Molson Coors Beverage in the 3rd quarter valued at about $25,000. Clearstead Trust LLC raised its stake in Molson Coors Beverage by 952.8% during the 2nd quarter. Clearstead Trust LLC now owns 558 shares of the company’s stock worth $27,000 after buying an additional 505 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Molson Coors Beverage by 64.2% in the second quarter. Smartleaf Asset Management LLC now owns 565 shares of the company’s stock worth $27,000 after acquiring an additional 221 shares in the last quarter. Geneos Wealth Management Inc. grew 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 period. Finally, Versant Capital Management Inc grew its stake in Molson Coors Beverage by 175.7% in the third quarter. Versant Capital Management Inc now owns 1,202 shares of the company’s stock valued at $54,000 after acquiring an additional 766 shares during the period. Institutional investors and hedge funds own 78.46% of the company’s stock.

Insider Activity at Molson Coors Beverage

In other Molson Coors Beverage news, Director Andrew Thomas Molson acquired 7,500 shares of the business’s stock in a transaction on Monday, November 10th. The shares were acquired at an average price of $46.79 per share, with a total value of $350,925.00. Following the completion of the transaction, the director owned 22,654 shares in the company, valued at approximately $1,059,980.66. This trade represents a 49.49% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director David S. Coors acquired 2,245 shares of Molson Coors Beverage stock in a transaction on Wednesday, November 5th. The stock was acquired at an average price of $44.47 per share, with a total value of $99,835.15. Following the purchase, the director directly owned 30,586 shares in the company, valued at approximately $1,360,159.42. This trade represents a 7.92% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 2.71% of the company’s stock.

Molson Coors Beverage Stock Performance

NYSE TAP opened at $47.51 on Friday. The company has a fifty day moving average price of $47.41 and a 200-day moving average price of $47.76. The firm has a market cap of $9.39 billion, a price-to-earnings ratio of -4.45 and a beta of 0.45. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.60 and a quick ratio of 0.45. Molson Coors Beverage Company has a 1 year low of $42.94 and a 1 year high of $64.66.

Molson Coors Beverage (NYSE:TAP) last released 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 firm had revenue of $2.97 billion for 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. As a group, equities research analysts predict that Molson Coors Beverage Company will post 6.35 EPS for the current fiscal year.

Molson Coors Beverage Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Friday, December 5th. Molson Coors Beverage’s payout ratio is presently -17.60%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TAP. Sanford C. Bernstein cut their target price on Molson Coors Beverage from $54.00 to $50.00 and set a “market perform” rating on the stock in a report on Wednesday, November 5th. Zacks Research upgraded shares of Molson Coors Beverage from a “strong sell” rating to a “hold” rating in a report on Friday, November 14th. Needham & Company LLC reduced their price objective on shares of Molson Coors Beverage from $58.00 to $54.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Jefferies Financial Group decreased their target price on shares of Molson Coors Beverage from $51.00 to $48.00 and set a “hold” rating for the company in a research report on Tuesday, November 4th. Finally, Roth Mkm 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 report on Wednesday, November 5th. Five research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $53.18.

Molson Coors Beverage 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.