RWC Asset Management LLP Raises Stock Position in Molson Coors Beverage Company $TAP

RWC Asset Management LLP increased its holdings in shares of Molson Coors Beverage Company (NYSE:TAP) by 2.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,075,703 shares of the company’s stock after acquiring an additional 28,529 shares during the period. Molson Coors Beverage comprises 2.4% of RWC Asset Management LLP’s portfolio, making the stock its 7th biggest position. RWC Asset Management LLP owned about 0.54% of Molson Coors Beverage worth $48,676,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Clearstead Trust LLC grew its holdings 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 acquiring an additional 505 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Molson Coors Beverage by 64.2% during the second quarter. Smartleaf Asset Management LLC now owns 565 shares of the company’s stock valued at $27,000 after buying an additional 221 shares during the period. Geneos Wealth Management Inc. raised 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 worth $49,000 after buying an additional 198 shares in the last quarter. Cary Street Partners Financial LLC bought a new stake in Molson Coors Beverage during the 2nd quarter valued at $61,000. Finally, WFA of San Diego LLC purchased a new position in shares of Molson Coors Beverage in the 2nd quarter valued at $64,000. Institutional investors own 78.46% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on TAP shares. Barclays cut their target price on Molson Coors Beverage from $46.00 to $45.00 and set an “underweight” rating on the stock in a research note on Thursday, November 6th. The Goldman Sachs Group decreased their target price on shares of Molson Coors Beverage from $67.00 to $57.00 and set a “buy” rating for the company in a research report on Thursday, October 2nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Molson Coors Beverage in a report on Monday, December 29th. Piper Sandler decreased their price objective on Molson Coors Beverage from $52.00 to $50.00 and set a “neutral” rating for the company in a report on Friday, November 21st. Finally, Citigroup reduced their target price on Molson Coors Beverage from $51.00 to $49.00 and set a “neutral” rating on the stock in a research report on Thursday, October 9th. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $53.59.

Molson Coors Beverage Stock Up 1.5%

Shares of NYSE TAP opened at $48.86 on Tuesday. 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 0.45, a current ratio of 0.60 and a debt-to-equity ratio of 0.37. The company’s 50-day simple moving average is $46.50 and its 200-day simple moving average is $47.73. The firm has a market cap of $9.66 billion, a price-to-earnings ratio of -4.57 and a beta of 0.45.

Molson Coors Beverage (NYSE:TAP) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($0.05). The firm had revenue of $2.97 billion during the quarter, compared to analyst estimates of $3.02 billion. Molson Coors Beverage had a positive return on equity of 8.78% and a negative net margin of 15.89%.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 fiscal year.

Molson Coors Beverage Dividend Announcement

The firm also recently declared 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 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, December 5th. Molson Coors Beverage’s dividend payout ratio (DPR) is currently -17.60%.

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.