Molson Coors Beverage Company $TAP Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Molson Coors Beverage Company (NYSE:TAP) by 8.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 355,084 shares of the company’s stock after buying an additional 29,092 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Molson Coors Beverage were worth $16,068,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Molson Coors Beverage in the second quarter valued at $134,289,000. Royal London Asset Management Ltd. boosted its position in shares of Molson Coors Beverage by 317.9% in the 2nd quarter. Royal London Asset Management Ltd. now owns 2,044,028 shares of the company’s stock worth $98,297,000 after buying an additional 1,554,851 shares in the last quarter. Citigroup Inc. grew its stake in Molson Coors Beverage by 148.5% in the 3rd quarter. Citigroup Inc. now owns 1,364,241 shares of the company’s stock valued at $61,732,000 after acquiring an additional 815,348 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Molson Coors Beverage by 2,728.0% during 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 in the last quarter. Finally, Invesco Ltd. increased its holdings in Molson Coors Beverage by 17.2% during the 2nd 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 in the last quarter. 78.46% of the stock is currently owned by hedge funds and other institutional investors.

Molson Coors Beverage Trading Up 2.0%

Shares of TAP opened at $49.02 on Monday. Molson Coors Beverage Company has a fifty-two week low of $42.94 and a fifty-two week high of $64.66. The company has a market capitalization of $9.21 billion, a PE ratio of -4.52 and a beta of 0.49. The stock has a fifty day moving average of $48.99 and a two-hundred day moving average of $47.79. 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 (NYSE:TAP) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.04. Molson Coors Beverage had a positive return on equity of 9.04% and a negative net margin of 16.41%.The business had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter in the previous year, the business earned $1.30 earnings per share. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. As a group, analysts forecast that Molson Coors Beverage Company will post 6.35 EPS 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 issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Friday, March 6th. This is an increase from Molson Coors Beverage’s previous quarterly dividend of $0.47. Molson Coors Beverage’s payout ratio is currently -17.33%.

Analysts Set New Price Targets

TAP has been the topic of several recent research reports. Sanford C. Bernstein reduced 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 report on Wednesday, November 5th. TD Cowen reduced their target price 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. Evercore lowered their target price on Molson Coors Beverage from $53.00 to $50.00 and set an “outperform” rating on the stock in a report on Wednesday, November 5th. Piper Sandler cut their price target on Molson Coors Beverage from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Thursday, February 19th. Finally, Wells Fargo & Company reduced their price objective on Molson Coors Beverage from $54.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 19th. Five research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus 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.