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

Molson Coors Beverage Company (NYSE:TAP) announced a quarterly dividend on Thursday, July 16th. Investors of record on Friday, August 28th will be given a dividend of 0.48 per share on Friday, September 18th. This represents a c) annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Friday, August 28th.

Molson Coors Beverage has raised its dividend by an average of 0.3%annually over the last three years and has raised its dividend every year for the last 4 years. Molson Coors Beverage has a payout ratio of 30.1% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Stock Performance

TAP stock opened at $41.74 on Friday. Molson Coors Beverage has a 1-year low of $38.04 and a 1-year high of $54.82. The business has a 50-day moving average price of $40.32 and a 200 day moving average price of $44.30. The company has a market capitalization of $7.83 billion, a P/E ratio of -3.92 and a beta of 0.42. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.54 and a quick ratio of 0.38.

Molson Coors Beverage (NYSE:TAP) last issued its earnings results on Friday, May 1st. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $2.33 billion. During the same period in the prior year, the business earned $0.50 EPS. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. As a group, equities research analysts forecast that Molson Coors Beverage will post 4.8 EPS for the current fiscal year.

Insider Transactions at Molson Coors Beverage

In other Molson Coors Beverage news, Director Geoffrey E. Molson sold 1,245 shares of Molson Coors Beverage stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $42.50, for a total value of $52,912.50. Following the transaction, the director directly owned 9,871 shares of the company’s stock, valued at approximately $419,517.50. The trade was a 11.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.27% of the company’s stock.

Institutional Trading of Molson Coors Beverage

Several hedge funds and other institutional investors have recently made changes to their positions in TAP. GoalVest Advisory LLC purchased a new position in Molson Coors Beverage during the 4th quarter worth $25,000. SBI Securities Co. Ltd. raised its stake in Molson Coors Beverage by 84.1% in the fourth quarter. SBI Securities Co. Ltd. now owns 534 shares of the company’s stock valued at $25,000 after buying an additional 244 shares during the last quarter. Basepoint Wealth LLC purchased a new stake in Molson Coors Beverage in the fourth quarter valued at about $26,000. Smartleaf Asset Management LLC boosted its holdings 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 acquiring an additional 221 shares in the last quarter. Finally, Larson Financial Group LLC boosted its holdings in Molson Coors Beverage by 551.1% in the fourth quarter. Larson Financial Group LLC now owns 612 shares of the company’s stock worth $29,000 after acquiring an additional 518 shares in the last quarter. Hedge funds and other institutional investors own 78.46% of the company’s stock.

Molson Coors Beverage Company 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.