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

AIA Group Ltd boosted its stake in shares of Molson Coors Beverage Company (NYSE:TAP) by 132.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new position in Molson Coors Beverage in the third quarter valued at about $25,000. Smartleaf Asset Management LLC grew its stake 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 in the last quarter. IFP Advisors Inc increased its holdings in Molson Coors Beverage by 134.2% in the 3rd quarter. IFP Advisors Inc now owns 787 shares of the company’s stock valued at $38,000 after buying an additional 451 shares during the period. Geneos Wealth Management Inc. increased its holdings in Molson Coors Beverage by 32.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 800 shares of the company’s stock valued at $49,000 after buying an additional 198 shares during the period. Finally, Huntington National Bank raised its position in shares of Molson Coors Beverage by 45.8% in the 3rd quarter. Huntington National Bank now owns 1,165 shares of the company’s stock valued at $53,000 after buying an additional 366 shares in the last quarter. 78.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Barclays reiterated an “underweight” rating and set a $49.00 price target on shares of Molson Coors Beverage in a research report on Friday, January 16th. Bank of America downgraded shares of Molson Coors Beverage from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $50.00 to $42.00 in a research report on Wednesday, February 25th. Weiss Ratings restated a “sell (d)” rating on shares of Molson Coors Beverage in a research note on Monday, December 29th. Needham & Company LLC reduced their target price on Molson Coors Beverage from $54.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, February 19th. Finally, BNP Paribas Exane lowered Molson Coors Beverage from a “hold” rating to a “strong sell” rating and set a $40.00 price target on the stock. in a research note on Friday, January 16th. Five equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, Molson Coors Beverage currently has a consensus rating of “Hold” and an average price target of $51.35.

Molson Coors Beverage Price Performance

Shares of NYSE:TAP opened at $42.35 on Friday. Molson Coors Beverage Company has a one year low of $41.83 and a one year high of $63.50. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.55 and a quick ratio of 0.42. The company has a market cap of $7.96 billion, a price-to-earnings ratio of -3.90 and a beta of 0.49. The firm has a 50 day simple moving average of $48.58 and a 200 day simple moving average of $47.23.

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 analysts’ expectations 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 company’s revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.30 earnings per share. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. Research analysts predict that Molson Coors Beverage Company will post 6.35 earnings per share for the current fiscal year.

Molson Coors Beverage Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, March 6th will be given a dividend of $0.48 per share. The ex-dividend date is Friday, March 6th. This represents a $1.92 dividend on an annualized basis and a yield of 4.5%. This is an increase from Molson Coors Beverage’s previous quarterly dividend of $0.47. Molson Coors Beverage’s dividend payout ratio is presently -17.70%.

Insider Transactions at Molson Coors Beverage

In other news, Director Andrew Thomas Molson bought 2,000 shares of the company’s stock in a transaction on Monday, March 9th. The stock was purchased at an average cost of $46.67 per share, for a total transaction of $93,340.00. Following the completion of the transaction, the director owned 24,654 shares of the company’s stock, valued at $1,150,602.18. This trade represents a 8.83% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 2.71% of the stock is currently owned by insiders.

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.