Principal Financial Group Inc. has increased its stake in Molson Coors Beverage (NYSE:TAP), as the company revealed plans for its regular quarterly dividend and its first-quarter results for 2024. Meanwhile,
Private Advisor Group LLC and
BNP Paribas Financial Markets reduced their holdings, and
Cwm LLC increased theirs. The company's 2023 fourth-quarter and full-year results have been announced, along with an announcement of their
2023 Strategy Day taking place virtually and in-person. Molson Coors Beverage has revealed a strategic plan to boost its growth and has provided a long-term financial outlook. The significant institutional ownership of
82% and 78% shows that Molson Coors Beverage is highly favored among major players. The company's stock fell on Thursday and Friday, but provides a great value for investors due to its cheap beer despite underperforming the market.
Yuengling and Molson Coors formed a joint venture to expand the geographic footprint of their beers.
Molson Coors Beverage Company Class B TAP News Analytics from Tue, 15 Sep 2020 07:00:00 GMT to Sat, 25 May 2024 10:30:05 GMT -
Rating 6
- Innovation 0
- Information 8
- Rumor 4
