Grantham Mayo Van Otterloo & Co. LLC Buys 96,272 Shares of Molson Coors Beverage Company $TAP

Grantham Mayo Van Otterloo & Co. LLC lifted its position in Molson Coors Beverage Company (NYSE:TAP) by 108.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 185,038 shares of the company’s stock after buying an additional 96,272 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.09% of Molson Coors Beverage worth $8,373,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Caxton Associates LLP purchased a new stake in Molson Coors Beverage in the 1st quarter worth approximately $202,000. United Services Automobile Association purchased a new position in shares of Molson Coors Beverage during the 1st quarter valued at $215,000. Woodline Partners LP increased its holdings in shares of Molson Coors Beverage by 38.7% in the first quarter. Woodline Partners LP now owns 14,546 shares of the company’s stock worth $885,000 after purchasing an additional 4,056 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of 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 purchasing an additional 198 shares during the period. Finally, Penserra Capital Management LLC raised its position in shares of Molson Coors Beverage by 1.7% in the second quarter. Penserra Capital Management LLC now owns 15,699 shares of the company’s stock worth $754,000 after buying an additional 257 shares in the last quarter. Hedge funds and other institutional investors own 78.46% of the company’s stock.

Molson Coors Beverage Trading Down 1.3%

Shares of TAP opened at $46.03 on Tuesday. The firm has a market cap of $8.65 billion, a price-to-earnings ratio of -4.24 and a beta of 0.49. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.42 and a current ratio of 0.55. Molson Coors Beverage Company has a fifty-two week low of $42.94 and a fifty-two week high of $64.66. The firm has a 50 day moving average price of $49.10 and a 200-day moving average price of $47.61.

Molson Coors Beverage (NYSE:TAP) last released its earnings results on Wednesday, February 18th. The company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.17 by $0.04. The company had revenue of $2.66 billion for the quarter, compared to analyst estimates 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 firm’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.30 EPS. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. As a group, equities research analysts forecast that Molson Coors Beverage Company will post 6.35 earnings per share for the current year.

Molson Coors Beverage Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 6th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.2%. This is an increase from Molson Coors Beverage’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Friday, March 6th. Molson Coors Beverage’s payout ratio is -17.70%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on TAP shares. Piper Sandler dropped their price objective on Molson Coors Beverage from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Thursday, February 19th. Wells Fargo & Company decreased their target price on Molson Coors Beverage from $54.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 19th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Molson Coors Beverage in a report on Monday, December 29th. BNP Paribas Exane lowered Molson Coors Beverage from a “hold” rating to a “strong sell” rating and set a $40.00 price objective for the company. in a report on Friday, January 16th. Finally, Zacks Research cut shares of Molson Coors Beverage from a “hold” rating to a “strong sell” rating in a research report on Friday, February 20th. Five research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, Molson Coors Beverage presently has an average rating of “Hold” and an average target price of $51.35.

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.