Vontobel Holding Ltd. Sells 10,812 Shares of Molson Coors Beverage Company $TAP

Vontobel Holding Ltd. cut its position in Molson Coors Beverage Company (NYSE:TAP) by 4.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 217,241 shares of the company’s stock after selling 10,812 shares during the quarter. Vontobel Holding Ltd. owned approximately 0.11% of Molson Coors Beverage worth $9,830,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Geneos Wealth Management Inc. grew its position 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 valued at $49,000 after purchasing an additional 198 shares during the last quarter. Signet Financial Management LLC boosted its stake in Molson Coors Beverage by 3.7% during the 2nd quarter. Signet Financial Management LLC now owns 5,757 shares of the company’s stock valued at $277,000 after purchasing an additional 208 shares during the period. Smartleaf Asset Management LLC grew its holdings in Molson Coors Beverage by 64.2% in the 2nd quarter. Smartleaf Asset Management LLC now owns 565 shares of the company’s stock valued at $27,000 after buying an additional 221 shares during the last quarter. Yousif Capital Management LLC increased its position in Molson Coors Beverage by 1.1% in the 2nd quarter. Yousif Capital Management LLC now owns 19,531 shares of the company’s stock worth $939,000 after buying an additional 222 shares during the period. Finally, Penserra Capital Management LLC lifted its holdings in shares of Molson Coors Beverage by 1.7% during 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 during the last quarter. Institutional investors and hedge funds own 78.46% of the company’s stock.

Insiders Place Their Bets

In related news, Director Andrew Thomas Molson acquired 7,500 shares of the company’s stock in a transaction on Monday, November 10th. The stock was purchased at an average cost of $46.79 per share, for a total transaction of $350,925.00. Following the completion of the purchase, the director directly owned 22,654 shares of the company’s stock, valued at $1,059,980.66. The trade was a 49.49% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David S. Coors bought 2,245 shares of Molson Coors Beverage stock in a transaction dated Wednesday, November 5th. The stock was purchased at an average price of $44.47 per share, for a total transaction of $99,835.15. Following the purchase, the director directly owned 30,586 shares in the company, valued at $1,360,159.42. This represents a 7.92% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 2.71% of the company’s stock.

Molson Coors Beverage Price Performance

Shares of Molson Coors Beverage stock opened at $46.33 on Thursday. The firm has a market cap of $9.16 billion, a P/E ratio of -4.34 and a beta of 0.45. The firm’s 50-day simple moving average is $46.11 and its 200-day simple moving average is $47.98. Molson Coors Beverage Company has a twelve month low of $42.94 and a twelve month high of $64.66. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.45 and a current ratio of 0.60.

Molson Coors Beverage (NYSE:TAP) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($0.05). The business had revenue of $2.97 billion during the quarter, compared to analyst estimates 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, research analysts expect that Molson Coors Beverage Company will post 6.35 EPS for the current fiscal year.

Molson Coors Beverage Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Sanford C. Bernstein dropped their target price on shares of Molson Coors Beverage from $54.00 to $50.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 5th. Needham & Company LLC dropped their price objective on shares of Molson Coors Beverage from $58.00 to $54.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $50.00 price objective (down previously from $53.00) on shares of Molson Coors Beverage in a research report on Wednesday, November 19th. Citigroup reduced their target price on shares of Molson Coors Beverage from $51.00 to $49.00 and set a “neutral” rating for the company in a research note on Thursday, October 9th. Finally, Roth Capital restated a “buy” rating and set a $65.00 price target (down from $67.00) on shares of Molson Coors Beverage in a research note on Wednesday, November 5th. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average 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.