Nordea Investment Management AB Sells 30,882 Shares of Molson Coors Beverage Company $TAP

Nordea Investment Management AB lowered its stake in Molson Coors Beverage Company (NYSE:TAP) by 4.6% during the third quarter, Holdings Channel reports. The firm owned 643,332 shares of the company’s stock after selling 30,882 shares during the period. Nordea Investment Management AB’s holdings in Molson Coors Beverage were worth $28,693,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Geneos Wealth Management Inc. grew its stake in Molson Coors Beverage by 32.9% during 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. Signet Financial Management LLC lifted its holdings in shares of Molson Coors Beverage by 3.7% during the 2nd quarter. Signet Financial Management LLC now owns 5,757 shares of the company’s stock worth $277,000 after acquiring an additional 208 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Molson Coors Beverage by 64.2% during the 2nd 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. Yousif Capital Management LLC increased its stake in Molson Coors Beverage by 1.1% in the second quarter. Yousif Capital Management LLC now owns 19,531 shares of the company’s stock valued at $939,000 after acquiring an additional 222 shares during the last quarter. Finally, Penserra Capital Management LLC raised its position in Molson Coors Beverage by 1.7% during the second quarter. Penserra Capital Management LLC now owns 15,699 shares of the company’s stock valued at $754,000 after purchasing an additional 257 shares in the last quarter. Institutional investors and hedge funds own 78.46% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on TAP. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Molson Coors Beverage in a report on Monday, December 29th. Roth Capital reaffirmed a “buy” rating and issued a $65.00 price objective (down from $67.00) on shares of Molson Coors Beverage in a research note on Wednesday, November 5th. Jefferies Financial Group decreased their target price on Molson Coors Beverage from $51.00 to $48.00 and set a “hold” rating on the stock in a research report on Tuesday, November 4th. The Goldman Sachs Group dropped 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 report on Thursday, October 2nd. Finally, Sanford C. Bernstein decreased their price target on shares of 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. Five research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $53.79.

Molson Coors Beverage Stock Performance

NYSE:TAP opened at $50.44 on Thursday. The stock’s 50-day moving average is $46.72 and its 200-day moving average is $47.76. The stock has a market cap of $9.97 billion, a P/E ratio of -4.72 and a beta of 0.45. Molson Coors Beverage Company has a 1-year low of $42.94 and a 1-year high of $64.66. The company has a current ratio of 0.60, a quick ratio of 0.45 and a debt-to-equity ratio of 0.37.

Molson Coors Beverage (NYSE:TAP) last announced its quarterly earnings results 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). Molson Coors Beverage had a negative net margin of 15.89% and a positive return on equity of 8.78%. The business had revenue of $2.97 billion during 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 research analysts anticipate that Molson Coors Beverage Company will post 6.35 earnings per share for the current year.

Molson Coors Beverage Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Friday, December 5th. Molson Coors Beverage’s payout ratio is -17.60%.

Insider Transactions at Molson Coors Beverage

In related news, Director Andrew Thomas Molson acquired 7,500 shares of the business’s stock in a transaction that occurred on 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 completion of the purchase, the director directly owned 22,654 shares in the company, valued at $1,059,980.66. The trade was a 49.49% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director David S. Coors bought 2,245 shares of the firm’s stock in a transaction on Wednesday, November 5th. The shares were purchased at an average cost of $44.47 per share, with a total value of $99,835.15. Following the transaction, 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 position. The disclosure for this purchase is available in the SEC filing. 2.71% of the stock is owned by company insiders.

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.