Molson Coors Beverage Company $TAP Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA decreased its position in Molson Coors Beverage Company (NYSE:TAP) by 60.3% in the 4th quarter, HoldingsChannel reports. The firm owned 35,723 shares of the company’s stock after selling 54,268 shares during the period. Pictet Asset Management Holding SA’s holdings in Molson Coors Beverage were worth $1,668,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in TAP. Caxton Associates LLP acquired a new position in Molson Coors Beverage in the 1st quarter valued at about $202,000. United Services Automobile Association acquired a new position in Molson Coors Beverage in the 1st quarter valued at about $215,000. Woodline Partners LP raised its stake in Molson Coors Beverage by 38.7% in the 1st quarter. Woodline Partners LP now owns 14,546 shares of the company’s stock valued at $885,000 after purchasing an additional 4,056 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in Molson Coors Beverage by 32.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 800 shares of the company’s stock valued at $49,000 after purchasing an additional 198 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in Molson Coors Beverage by 4.7% in the 2nd quarter. First Trust Advisors LP now owns 413,578 shares of the company’s stock valued at $19,889,000 after purchasing an additional 18,566 shares during the last quarter. Institutional investors and hedge funds own 78.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TAP. Jefferies Financial Group cut their target price on shares of Molson Coors Beverage from $45.00 to $43.00 and set a “hold” rating for the company in a research note on Monday, April 20th. BNP Paribas Exane downgraded shares of Molson Coors Beverage from a “hold” rating to a “strong sell” rating and set a $40.00 target price for the company. in a research note on Friday, January 16th. Bank of America downgraded shares of Molson Coors Beverage from a “neutral” rating to an “underperform” rating and cut their target price for the company from $50.00 to $42.00 in a research note on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $42.00 target price on shares of Molson Coors Beverage in a research note on Friday. Finally, Needham & Company LLC dropped their price objective on shares of Molson Coors Beverage from $52.00 to $50.00 and set a “buy” rating for the company in a research note on Friday. Four research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $45.71.

Insider Activity at Molson Coors Beverage

In other Molson Coors Beverage news, Director Andrew Thomas Molson bought 2,000 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was purchased at an average price of $46.67 per share, with a total value of $93,340.00. Following the transaction, the director owned 24,654 shares in the company, valued at $1,150,602.18. This trade represents a 8.83% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.27% of the stock is currently owned by corporate insiders.

Molson Coors Beverage Trading Down 3.2%

NYSE TAP opened at $40.79 on Tuesday. Molson Coors Beverage Company has a 12 month low of $40.64 and a 12 month high of $57.80. The company has a 50-day moving average of $44.46 and a 200-day moving average of $46.42. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.54 and a quick ratio of 0.38. The company has a market cap of $7.66 billion, a P/E ratio of -3.83 and a beta of 0.44.

Molson Coors Beverage (NYSE:TAP) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.62 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 company had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter in the prior year, the company posted $0.50 EPS. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. As a group, equities analysts predict that Molson Coors Beverage Company will post 4.72 earnings per share for the current year.

Molson Coors Beverage Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Friday, March 6th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Friday, March 6th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.7%. This is an increase from Molson Coors Beverage’s previous quarterly dividend of $0.47. Molson Coors Beverage’s dividend payout ratio is currently -18.05%.

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.