AustralianSuper Pty Ltd Has $23.68 Million Stake in Molson Coors Beverage Company $TAP

AustralianSuper Pty Ltd lowered its stake in Molson Coors Beverage Company (NYSE:TAP) by 43.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in TAP. Root Financial Partners LLC bought a new position in Molson Coors Beverage in the 3rd quarter valued at approximately $25,000. Clearstead Trust LLC lifted its stake in shares of Molson Coors Beverage by 952.8% in the 2nd 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 last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Molson Coors Beverage by 64.2% in the 2nd 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 last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Molson Coors Beverage by 32.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 800 shares of the company’s stock valued at $49,000 after acquiring an additional 198 shares in the last quarter. Finally, Versant Capital Management Inc grew its position in Molson Coors Beverage by 175.7% during the 3rd quarter. Versant Capital Management Inc now owns 1,202 shares of the company’s stock worth $54,000 after acquiring an additional 766 shares during the last quarter. 78.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on TAP shares. Zacks Research upgraded Molson Coors Beverage from a “strong sell” rating to a “hold” rating in a research report on Friday, November 14th. Weiss Ratings reiterated a “sell (d)” rating on shares of Molson Coors Beverage in a report on Monday, December 29th. Wells Fargo & Company reissued an “equal weight” rating and set a $50.00 target price (down from $53.00) on shares of Molson Coors Beverage in a report on Wednesday, November 19th. BNP Paribas Exane downgraded shares of Molson Coors Beverage from a “hold” rating to a “strong sell” rating and set a $40.00 price target for the company. in a research note on Friday, January 16th. Finally, Jefferies Financial Group cut their price target on shares of Molson Coors Beverage from $51.00 to $48.00 and set a “hold” rating on the stock in a report on Tuesday, November 4th. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Molson Coors Beverage currently has a consensus rating of “Hold” and an average price target of $53.18.

Molson Coors Beverage Stock Down 0.5%

Molson Coors Beverage stock opened at $47.51 on Friday. The firm has a market cap of $9.39 billion, a price-to-earnings ratio of -4.45 and a beta of 0.45. Molson Coors Beverage Company has a 52-week low of $42.94 and a 52-week 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 firm has a 50 day moving average price of $47.41 and a two-hundred day moving average price of $47.76.

Molson Coors Beverage (NYSE:TAP) last posted its quarterly earnings data 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 analyst estimates of $3.02 billion. Molson Coors Beverage has set its FY 2025 guidance at 5.360-5.360 EPS. Equities analysts predict that Molson Coors Beverage Company will post 6.35 EPS for the current year.

Molson Coors Beverage Dividend Announcement

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

Insider Activity

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

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.