Molson Coors Beverage Company (NYSE:TAP) Declares $0.47 Quarterly Dividend

Molson Coors Beverage Company (NYSE:TAP) declared a quarterly dividend on Thursday, November 20th. Investors of record on Friday, December 5th will be paid a dividend of 0.47 per share on Friday, December 19th. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date is Friday, December 5th.

Molson Coors Beverage has decreased its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Molson Coors Beverage has a dividend payout ratio of 29.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Molson Coors Beverage to earn $6.77 per share next year, which means the company should continue to be able to cover its $1.88 annual dividend with an expected future payout ratio of 27.8%.

Molson Coors Beverage Stock Performance

Molson Coors Beverage stock traded up $0.79 during mid-day trading on Friday, reaching $46.26. The company’s stock had a trading volume of 421,849 shares, compared to its average volume of 2,505,694. The firm has a market cap of $9.14 billion, a price-to-earnings ratio of 9.13, a PEG ratio of 1.60 and a beta of 0.65. The business has a 50 day moving average price of $45.83 and a 200-day moving average price of $49.36. The company has a current ratio of 0.95, a quick ratio of 0.67 and a debt-to-equity ratio of 0.46. Molson Coors Beverage has a twelve month low of $42.94 and a twelve month high of $64.66.

Molson Coors Beverage (NYSE:TAP) last issued its 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 return on equity of 8.61% and a net margin of 7.81%.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 predict that Molson Coors Beverage will post 6.35 EPS for the current fiscal year.

Insider Buying and Selling

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

Institutional Investors Weigh In On Molson Coors Beverage

Several institutional investors have recently bought and sold shares of TAP. Teachers Retirement System of The State of Kentucky raised its position in shares of Molson Coors Beverage by 3.4% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 13,475 shares of the company’s stock worth $821,000 after buying an additional 449 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of Molson Coors Beverage by 35.4% in the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 175,370 shares of the company’s stock valued at $10,675,000 after acquiring an additional 45,884 shares in the last quarter. Venturi Wealth Management LLC increased its stake in shares of Molson Coors Beverage by 46.6% during the first quarter. Venturi Wealth Management LLC now owns 4,302 shares of the company’s stock valued at $262,000 after acquiring an additional 1,367 shares during the period. Avantax Advisory Services Inc. acquired a new position in shares of Molson Coors Beverage during the first quarter valued at approximately $216,000. Finally, Cetera Investment Advisers raised its holdings in Molson Coors Beverage by 23.8% during the first quarter. Cetera Investment Advisers now owns 43,002 shares of the company’s stock worth $2,618,000 after purchasing an additional 8,276 shares in the last quarter. Institutional investors and hedge funds own 78.46% of the company’s stock.

Molson Coors Beverage Company Profile

Molson Coors Beverage Company manufactures, markets, and sells beer and other malt beverage products under various brands in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers flavored malt beverages including hard seltzers, craft, spirits and energy, and ready to drink beverages.