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Philip M. Whitehead, President and CEO of Molson Coors Beverage Co.’s (NYSE:TAP) EMEA and APAC regions, recently sold a significant portion of his holdings in the company. The $12.1 billion beverage giant, which boasts a perfect Piotroski Score of 9 according to InvestingPro, continues to demonstrate strong financial health. According to the latest SEC filing, Whitehead sold 3,491 shares of Class B common stock at an average price of $59.61 per share, amounting to a total transaction value of $208,098. Following this sale, Whitehead retains 9,653 shares in the company. The transaction was executed on March 13, 2025. While this insider sale might raise questions, it’s worth noting that Molson Coors trades at an attractive P/E ratio of 11.4x and has maintained dividend payments for 51 consecutive years. InvestingPro analysis suggests the stock is currently undervalued, with additional insights available in the comprehensive Pro Research Report covering this and 1,400+ other top US stocks.
In other recent news, Molson Coors Beverage Company reported its fourth-quarter 2024 earnings, surpassing expectations with earnings per share (EPS) of $1.30, compared to analyst forecasts of $1.13. The company’s revenue also exceeded projections, reaching $2.74 billion against an expected $2.71 billion. Analysts at TD Cowen raised Molson Coors’ stock price target to $60, maintaining a Hold rating, while Bernstein SocGen Group increased the target to $65, keeping a Market Perform rating. Both firms acknowledged the company’s robust performance but noted ongoing industry challenges.
Molson Coors highlighted its strategic focus on premiumization and product diversification as key drivers of its recent success. The company reported a 9.2% year-over-year increase in underlying EPS, despite a slight decline in consolidated net sales revenue. The company also announced the upcoming retirement of Julia M. Brown from its Board of Directors, with no immediate plans for a successor. Looking ahead, Molson Coors projects low single-digit growth in sales and high single-digit growth in EPS for 2025, aligning with its long-term growth algorithm.
TD Cowen emphasized the company’s ability to drive EPS growth through effective cost management, while Bernstein pointed out potential tariff risks and the impact of consumer trends as areas of concern. Molson Coors’ strategic moves, including a partnership with Fever Tree and increased stake in ZOWA, aim to strengthen its market position amidst these challenges.
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