JPMorgan Chase & Co. Purchases 603,635 Shares of Molson Coors Beverage Company $TAP

JPMorgan Chase & Co. boosted its position in Molson Coors Beverage Company (NYSE:TAP) by 58.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,639,745 shares of the company’s stock after purchasing an additional 603,635 shares during the period. JPMorgan Chase & Co. owned 0.83% of Molson Coors Beverage worth $74,200,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in TAP. Norges Bank acquired a new position in shares of Molson Coors Beverage in the second quarter valued at approximately $134,289,000. Royal London Asset Management Ltd. grew its holdings in Molson Coors Beverage by 317.9% during the 2nd quarter. Royal London Asset Management Ltd. now owns 2,044,028 shares of the company’s stock worth $98,297,000 after acquiring an additional 1,554,851 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in Molson Coors Beverage by 2,728.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 730,153 shares of the company’s stock valued at $35,113,000 after acquiring an additional 704,334 shares during the period. Invesco Ltd. raised its stake in shares of Molson Coors Beverage by 17.2% during the second quarter. Invesco Ltd. now owns 4,277,685 shares of the company’s stock valued at $205,714,000 after acquiring an additional 626,639 shares during the last quarter. Finally, Mackenzie Financial Corp raised its stake in shares of Molson Coors Beverage by 2,106.2% during the second quarter. Mackenzie Financial Corp now owns 471,899 shares of the company’s stock valued at $22,694,000 after acquiring an additional 450,509 shares during the last quarter. 78.46% of the stock is owned by institutional investors and hedge funds.

Molson Coors Beverage Stock Up 0.9%

Shares of Molson Coors Beverage stock opened at $49.89 on Wednesday. The stock’s 50-day moving average is $48.97 and its 200 day moving average is $47.85. Molson Coors Beverage Company has a one year low of $42.94 and a one year high of $64.66. The firm has a market cap of $9.86 billion, a price-to-earnings ratio of -4.60 and a beta of 0.48. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.55 and a quick ratio of 0.42.

Molson Coors Beverage (NYSE:TAP) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.04. The firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.71 billion. Molson Coors Beverage had a positive return on equity of 9.04% and a negative net margin of 16.41%.The company’s revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.30 earnings per share. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. Equities research analysts anticipate that Molson Coors Beverage Company will post 6.35 EPS for the current year.

Molson Coors Beverage Increases Dividend

The business also recently announced 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. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Friday, March 6th. This is a boost from Molson Coors Beverage’s previous quarterly dividend of $0.47. Molson Coors Beverage’s dividend payout ratio is presently -17.33%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TAP. Needham & Company LLC decreased their price objective on Molson Coors Beverage from $54.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, February 19th. Evercore reduced their price target on Molson Coors Beverage from $53.00 to $50.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 5th. BNP Paribas Exane cut 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. TD Cowen cut their price objective on Molson Coors Beverage from $47.00 to $43.00 and set a “hold” rating on the stock in a research note on Friday, February 20th. Finally, UBS Group set a $52.00 target price on Molson Coors Beverage in a report on Friday. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, Molson Coors Beverage currently has an average rating of “Hold” and an average target price of $51.82.

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.