Robeco Institutional Asset Management B.V. Sells 105,340 Shares of Molson Coors Beverage Company $TAP

Robeco Institutional Asset Management B.V. lessened its stake in Molson Coors Beverage Company (NYSE:TAP) by 13.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 649,926 shares of the company’s stock after selling 105,340 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.33% of Molson Coors Beverage worth $29,409,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in TAP. Clearstead Trust LLC boosted its stake in shares of Molson Coors Beverage by 952.8% in the 2nd quarter. Clearstead Trust LLC now owns 558 shares of the company’s stock worth $27,000 after buying an additional 505 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in Molson Coors Beverage by 64.2% in the second quarter. Smartleaf Asset Management LLC now owns 565 shares of the company’s stock worth $27,000 after purchasing an additional 221 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Molson Coors Beverage by 32.9% during 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 period. Bayforest Capital Ltd increased its position in shares of Molson Coors Beverage by 735.5% during the 1st quarter. Bayforest Capital Ltd now owns 1,153 shares of the company’s stock valued at $70,000 after purchasing an additional 1,015 shares during the last quarter. Finally, Cary Street Partners Financial LLC purchased a new stake in shares of Molson Coors Beverage during the 2nd quarter valued at about $61,000. 78.46% of the stock is currently owned by hedge funds and other institutional investors.

Molson Coors Beverage Stock Down 0.5%

Shares of NYSE TAP opened at $45.97 on Thursday. Molson Coors Beverage Company has a 12-month low of $42.94 and a 12-month high of $64.66. The stock’s fifty day simple moving average is $46.23 and its two-hundred day simple moving average is $47.72. The stock has a market capitalization of $9.08 billion, a PE ratio of -4.30 and a beta of 0.45. 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 issued its quarterly earnings data on Tuesday, November 4th. The company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.05). The firm had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $3.02 billion. Molson Coors Beverage had a positive return on equity of 8.78% and a negative net margin of 15.89%.Molson Coors Beverage has set its FY 2025 guidance at 5.360-5.360 EPS. As a group, analysts expect that Molson Coors Beverage Company will post 6.35 EPS for the current fiscal year.

Molson Coors Beverage Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were given a dividend of $0.47 per share. The ex-dividend date was Friday, December 5th. This represents a $1.88 dividend on an annualized basis and a yield of 4.1%. Molson Coors Beverage’s dividend payout ratio is currently -17.60%.

Insider Buying and Selling

In other news, Director David S. Coors purchased 2,245 shares of the business’s stock in a transaction dated Wednesday, November 5th. The stock was acquired at an average price of $44.47 per share, for a total transaction of $99,835.15. Following the acquisition, the director directly owned 30,586 shares of the company’s stock, valued at approximately $1,360,159.42. This represents a 7.92% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 acquired at an average cost of $46.79 per share, with a total value of $350,925.00. Following the completion of the transaction, the director directly owned 22,654 shares in the company, valued at approximately $1,059,980.66. The trade was a 49.49% increase in their position. The SEC filing for this purchase provides additional information. 2.71% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Barclays cut their target price on shares of Molson Coors Beverage from $46.00 to $45.00 and set an “underweight” rating for the company in a research report on Thursday, November 6th. JPMorgan Chase & Co. began coverage on shares of Molson Coors Beverage in a report on Wednesday, November 5th. They issued a “neutral” rating and a $49.00 target price for the company. Jefferies Financial Group cut their target price on shares of Molson Coors Beverage from $51.00 to $48.00 and set a “hold” rating for the company in a research note on Tuesday, November 4th. 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 research note on Wednesday, November 5th. Finally, The Goldman Sachs Group dropped their price target on Molson Coors Beverage from $67.00 to $57.00 and set a “buy” rating for the company in a research report on Thursday, October 2nd. Five equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $53.59.

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.