Molson Coors Beverage (NYSE:TAP) Releases FY 2026 Earnings Guidance

Molson Coors Beverage (NYSE:TAP) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 4.607-4.823 for the period, compared to the consensus earnings per share estimate of 5.420. The company issued revenue guidance of $11.0 billion-$11.3 billion, compared to the consensus revenue estimate of $11.2 billion.

Molson Coors Beverage Stock Performance

Shares of NYSE TAP traded down $3.37 during trading hours on Thursday, reaching $47.46. The stock had a trading volume of 2,843,745 shares, compared to its average volume of 3,064,301. The firm has a 50-day moving average of $48.82 and a 200-day moving average of $47.87. The firm has a market cap of $9.38 billion, a price-to-earnings ratio of -4.44 and a beta of 0.48. Molson Coors Beverage has a fifty-two week low of $42.94 and a fifty-two week high of $64.66. The company has a current ratio of 0.60, a quick ratio of 0.45 and a debt-to-equity ratio of 0.37.

Molson Coors Beverage (NYSE:TAP) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.04. The company had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.71 billion. Molson Coors Beverage had a positive return on equity of 8.78% and a negative net margin of 15.89%.The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period last year, the firm earned $1.30 EPS. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. Equities research analysts predict that Molson Coors Beverage will post 6.35 earnings per share for the current year.

Molson Coors Beverage Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, March 6th will be issued a dividend of $0.48 per share. This is a boost from Molson Coors Beverage’s previous quarterly dividend of $0.47. The ex-dividend date is Friday, March 6th. This represents a $1.92 dividend on an annualized basis and a yield of 4.0%. Molson Coors Beverage’s payout ratio is currently -17.60%.

Analyst Upgrades and Downgrades

TAP has been the subject of several recent analyst reports. Sanford C. Bernstein lowered their price target on Molson Coors Beverage from $54.00 to $50.00 and set a “market perform” rating for the company in a report on Wednesday, November 5th. JPMorgan Chase & Co. initiated coverage on Molson Coors Beverage in a research report on Wednesday, November 5th. They set a “neutral” rating and a $49.00 target price on the stock. 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. Wells Fargo & Company dropped their price target on Molson Coors Beverage from $54.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Thursday. Finally, UBS Group boosted their price objective on shares of Molson Coors Beverage from $47.00 to $50.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $52.56.

Key Headlines Impacting Molson Coors Beverage

Here are the key news stories impacting Molson Coors Beverage this week:

• Positive Sentiment: Q4 EPS beat expectations — Molson Coors reported $1.21 EPS vs. the $1.17 consensus, showing better-than-expected profitability for the quarter. Zacks: TAP surpasses Q4 earnings estimates
• Positive Sentiment: Dividend increase — the company declared a quarterly dividend of $0.48 (ex-dividend Mar. 6), up ~2.1% from $0.47, implying a ~3.8% yield. This supports income-oriented investors and signals board confidence in cash flow.
• Positive Sentiment: Analyst support from Evercore — Evercore raised its price target and kept an Outperform rating, a bullish counterpoint to some other cautious calls. Evercore raises price target
• Neutral Sentiment: Management presentation at CAGNY — management presented strategy and detail on the results; useful for modeling but did not materially change guidance. CAGNY transcript
• Neutral Sentiment: Analyst write‑ups and metric reviews — outlets (Zacks) flagged the EPS beat but noted revenue and other metrics that may require closer scrutiny when modeling growth. Zacks: key metrics analysis
• Negative Sentiment: FY‑2026 guidance came in below Street expectations — Molson Coors guided to EPS of $4.607–$4.823 vs. the ~$5.42 consensus and revenue of $11.0–$11.3B (vs. ~$11.2B consensus), a key driver of downward re-pricing. Company press release
• Negative Sentiment: Cost headwinds — management warned higher aluminum tariffs and weaker spending among price‑sensitive consumers will materially press profits in 2026, prompting a sharp profit forecast cut. Reuters: aluminum costs bite
• Negative Sentiment: Analyst trimming — Wells Fargo lowered its price target from $54 to $52 and moved to an “equal weight” stance, reflecting the more challenged 2026 outlook. Benzinga: Wells Fargo lowers PT
• Negative Sentiment: Top-line softness — Q4 net sales fell ~2.7% YoY and missed some revenue estimates, underscoring demand softness highlighted by the WSJ coverage. WSJ: profit, sales fall

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TAP. Smartleaf Asset Management LLC raised its stake in shares of Molson Coors Beverage by 64.2% in the second quarter. Smartleaf Asset Management LLC now owns 565 shares of the company’s stock valued at $27,000 after purchasing an additional 221 shares in the last quarter. Atlas Capital Advisors Inc. bought a new stake in Molson Coors Beverage during the 4th quarter worth about $36,000. IFP Advisors Inc grew its stake in shares of Molson Coors Beverage by 134.2% during the third quarter. IFP Advisors Inc now owns 787 shares of the company’s stock valued at $38,000 after purchasing an additional 451 shares during the last quarter. Zions Bancorporation National Association UT raised its position in shares of Molson Coors Beverage by 808.0% during the fourth quarter. Zions Bancorporation National Association UT now owns 1,017 shares of the company’s stock worth $47,000 after acquiring an additional 905 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in Molson Coors Beverage by 32.9% during the 1st 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 period. 78.46% of the stock is currently owned by institutional investors and hedge funds.

About Molson Coors Beverage

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.