Rakuten Investment Management Inc. Acquires New Stake in Molson Coors Beverage Company $TAP

Rakuten Investment Management Inc. acquired a new position in shares of Molson Coors Beverage Company (NYSE:TAP) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 66,385 shares of the company’s stock, valued at approximately $3,004,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new stake in shares of Molson Coors Beverage during the third quarter worth about $25,000. Clearstead Trust LLC boosted its position in Molson Coors Beverage by 952.8% during the second quarter. Clearstead Trust LLC now owns 558 shares of the company’s stock worth $27,000 after acquiring an additional 505 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in Molson Coors Beverage by 64.2% in the 2nd quarter. Smartleaf Asset Management LLC now owns 565 shares of the company’s stock worth $27,000 after acquiring an additional 221 shares during the period. Geneos Wealth Management Inc. raised its holdings 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 acquiring an additional 198 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in shares of Molson Coors Beverage by 175.7% during the 3rd quarter. Versant Capital Management Inc now owns 1,202 shares of the company’s stock worth $54,000 after purchasing an additional 766 shares during the period. 78.46% of the stock is currently owned by hedge funds and other institutional investors.

Molson Coors Beverage Stock Down 0.9%

TAP opened at $49.34 on Friday. Molson Coors Beverage Company has a 1 year low of $42.94 and a 1 year high of $64.66. The firm has a 50 day moving average price of $47.21 and a 200 day moving average price of $47.80. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.45 and a current ratio of 0.60. The company has a market cap of $9.75 billion, a PE ratio of -4.62 and a beta of 0.45.

Molson Coors Beverage (NYSE:TAP) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.05). Molson Coors Beverage had a negative net margin of 15.89% and a positive return on equity of 8.78%. The business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $3.02 billion. Molson Coors Beverage has set its FY 2025 guidance at 5.360-5.360 EPS. Sell-side analysts expect that Molson Coors Beverage Company will post 6.35 earnings per share for the current year.

Molson Coors Beverage Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were issued a dividend of $0.47 per share. The ex-dividend date was Friday, December 5th. This represents a $1.88 annualized dividend and a dividend yield of 3.8%. Molson Coors Beverage’s payout ratio is presently -17.60%.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

TAP has been the subject of several analyst reports. Evercore ISI dropped their target price on Molson Coors Beverage from $53.00 to $50.00 and set an “outperform” rating for the company in a research note on Wednesday, November 5th. Jefferies Financial Group dropped their price objective 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. Zacks Research raised shares of Molson Coors Beverage from a “strong sell” rating to a “hold” rating in a research report on Friday, November 14th. The Goldman Sachs Group lowered their target price on shares of Molson Coors Beverage from $67.00 to $57.00 and set a “buy” rating for the company in a report on Thursday, October 2nd. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $50.00 price target (down previously from $53.00) on shares of Molson Coors Beverage in a research note on Wednesday, November 19th. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $53.18.

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.