Dimensional Fund Advisors LP Raises Stake in Molson Coors Beverage Company $TAP

Dimensional Fund Advisors LP grew its position in Molson Coors Beverage Company (NYSE:TAP) by 22.9% in the third quarter, HoldingsChannel.com reports. The firm owned 6,425,043 shares of the company’s stock after acquiring an additional 1,195,249 shares during the period. Dimensional Fund Advisors LP’s holdings in Molson Coors Beverage were worth $290,741,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Manske Wealth Management lifted its stake in shares of Molson Coors Beverage by 20.9% during the 3rd quarter. Manske Wealth Management now owns 5,681 shares of the company’s stock valued at $257,000 after buying an additional 981 shares in the last quarter. Kingsview Wealth Management LLC raised its holdings in Molson Coors Beverage by 8.3% during the third quarter. Kingsview Wealth Management LLC now owns 197,915 shares of the company’s stock valued at $8,956,000 after acquiring an additional 15,166 shares during the period. Elo Mutual Pension Insurance Co lifted its position in shares of Molson Coors Beverage by 10.2% in the third quarter. Elo Mutual Pension Insurance Co now owns 23,363 shares of the company’s stock valued at $1,057,000 after acquiring an additional 2,168 shares in the last quarter. Huntington National Bank lifted its position in shares of 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 in the last quarter. Finally, Quantbot Technologies LP boosted its stake in shares of Molson Coors Beverage by 163.8% in the third quarter. Quantbot Technologies LP now owns 50,871 shares of the company’s stock worth $2,302,000 after acquiring an additional 31,585 shares during the period. 78.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Roth Mkm set a $58.00 target price on Molson Coors Beverage in a research report on Thursday, February 19th. TD Cowen dropped their price target on Molson Coors Beverage from $47.00 to $43.00 and set a “hold” rating for the company in a research note on Friday, February 20th. Barclays reaffirmed an “underweight” rating and set a $49.00 price objective on shares of Molson Coors Beverage in a report on Friday, January 16th. Bank of America cut shares of Molson Coors Beverage from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $50.00 to $42.00 in a research report on Wednesday, February 25th. Finally, Piper Sandler lowered their target price on shares of Molson Coors Beverage from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Thursday, February 19th. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, Molson Coors Beverage presently has an average rating of “Hold” and a consensus target price of $51.35.

Molson Coors Beverage Price Performance

TAP stock opened at $46.63 on Friday. Molson Coors Beverage Company has a 52 week low of $42.94 and a 52 week high of $64.66. 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 company has a fifty day simple moving average of $49.11 and a two-hundred day simple moving average of $47.70. The firm has a market capitalization of $8.76 billion, a P/E ratio of -4.30 and a beta of 0.49.

Molson Coors Beverage (NYSE:TAP) last posted its earnings results on Wednesday, February 18th. The company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.04. The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.71 billion. Molson Coors Beverage had a negative net margin of 16.41% and a positive return on equity of 9.04%. The business’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period 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. Analysts anticipate that Molson Coors Beverage Company will post 6.35 earnings per share for the current fiscal year.

Molson Coors Beverage Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders 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 4.1%. 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 dividend payout ratio is -17.33%.

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.