Molson Coors Beverage Company (NYSE:TAP) Declares $0.48 Quarterly Dividend

Molson Coors Beverage Company (NYSE:TAP) announced a quarterly dividend on Thursday, May 7th. Investors of record on Friday, May 29th will be paid a dividend of 0.48 per share on Friday, June 12th. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Friday, May 29th.

Molson Coors Beverage has increased its dividend by an average of 0.3%annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Molson Coors Beverage has a payout ratio of 30.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Molson Coors Beverage to earn $5.00 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 38.4%.

Molson Coors Beverage Trading Up 0.9%

Shares of TAP opened at $43.16 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.38 and a debt-to-equity ratio of 0.38. Molson Coors Beverage has a 12-month low of $40.64 and a 12-month high of $57.57. The firm has a 50-day moving average price of $44.04 and a 200 day moving average price of $46.33. The firm has a market capitalization of $8.11 billion, a P/E ratio of -4.06 and a beta of 0.44.

Molson Coors Beverage (NYSE:TAP) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.26. Molson Coors Beverage had a negative net margin of 16.14% and a positive return on equity of 9.79%. The firm had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.33 billion. During the same quarter in the prior year, the firm posted $0.50 earnings per share. Molson Coors Beverage’s quarterly revenue was up 2.0% on a year-over-year basis. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. Sell-side analysts forecast that Molson Coors Beverage will post 4.74 EPS for the current year.

Insider Buying and Selling at Molson Coors Beverage

In other Molson Coors Beverage news, Director Andrew Thomas Molson bought 2,000 shares of Molson Coors Beverage stock in a transaction on Monday, March 9th. The shares were bought at an average cost of $46.67 per share, for a total transaction of $93,340.00. Following the acquisition, the director directly owned 24,654 shares in the company, valued at $1,150,602.18. This represents a 8.83% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 2.27% of the company’s stock.

Institutional Trading of Molson Coors Beverage

A number of large investors have recently modified their holdings of the stock. Caxton Associates LLP purchased a new stake in Molson Coors Beverage during the 1st quarter worth about $202,000. United Services Automobile Association purchased a new position in shares of Molson Coors Beverage in the 1st quarter valued at about $215,000. Woodline Partners LP grew its position in shares of Molson Coors Beverage by 38.7% during the first quarter. Woodline Partners LP now owns 14,546 shares of the company’s stock worth $885,000 after buying an additional 4,056 shares in the last quarter. Geneos Wealth Management Inc. grew its position in shares of 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. Finally, First Trust Advisors LP increased its stake in shares of Molson Coors Beverage by 4.7% during the second quarter. First Trust Advisors LP now owns 413,578 shares of the company’s stock worth $19,889,000 after buying an additional 18,566 shares during the period. Hedge funds and other institutional investors own 78.46% of the company’s stock.

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.