Wells Fargo & Company Cuts Molson Coors Beverage (NYSE:TAP) Price Target to $45.00

Molson Coors Beverage (NYSE:TAP) had its price objective decreased by investment analysts at Wells Fargo & Company from $52.00 to $45.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price would indicate a potential upside of 2.67% from the company’s previous close.

A number of other equities analysts also recently weighed in on the stock. Piper Sandler dropped their price target on shares of Molson Coors Beverage from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Thursday, February 19th. TD Cowen dropped their price target on shares of Molson Coors Beverage from $47.00 to $43.00 and set a “hold” rating on the stock in a research note on Friday, February 20th. Needham & Company LLC dropped their price target on shares of Molson Coors Beverage from $54.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, February 19th. BNP Paribas Exane downgraded shares of Molson Coors Beverage from a “hold” rating to a “strong sell” rating and set a $40.00 price target on the stock. in a research note on Friday, January 16th. Finally, Roth Mkm set a $58.00 price target on shares of Molson Coors Beverage in a research note on Thursday, February 19th. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Molson Coors Beverage has an average rating of “Reduce” and a consensus price target of $47.29.

Molson Coors Beverage Stock Down 2.7%

NYSE:TAP traded down $1.22 during trading hours on Wednesday, hitting $43.83. 1,410,556 shares of the stock traded hands, compared to its average volume of 3,026,402. The firm has a 50 day moving average price of $46.88 and a 200 day moving average price of $46.67. The company has a current ratio of 0.55, a quick ratio of 0.42 and a debt-to-equity ratio of 0.37. Molson Coors Beverage has a fifty-two week low of $41.04 and a fifty-two week high of $61.61. The firm has a market cap of $8.24 billion, a price-to-earnings ratio of -4.04 and a beta of 0.50.

Molson Coors Beverage (NYSE:TAP) last announced its earnings results on Wednesday, February 18th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.04. Molson Coors Beverage had a negative net margin of 16.41% and a positive return on equity of 9.04%. The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same period in the previous year, the business earned $1.30 EPS. The company’s revenue was down 2.7% on a year-over-year basis. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. Equities research analysts anticipate that Molson Coors Beverage will post 6.35 earnings per share for the current year.

Insider Buying and Selling

In other Molson Coors Beverage news, Director Andrew Thomas Molson bought 2,000 shares of the stock in a transaction on Monday, March 9th. The shares were purchased at an average cost of $46.67 per share, with a total value of $93,340.00. Following the completion of the transaction, the director directly owned 24,654 shares of the company’s stock, valued at $1,150,602.18. This represents a 8.83% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.71% of the stock is owned by insiders.

Institutional Investors Weigh In On Molson Coors Beverage

A number of hedge funds have recently bought and sold shares of the company. Geneos Wealth Management Inc. boosted its holdings in Molson Coors Beverage by 32.9% during the first 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 period. UMB Bank n.a. boosted its holdings in Molson Coors Beverage by 16.5% during the fourth quarter. UMB Bank n.a. now owns 1,467 shares of the company’s stock valued at $68,000 after acquiring an additional 208 shares during the period. New York Life Investment Management LLC boosted its holdings in Molson Coors Beverage by 0.9% during the fourth quarter. New York Life Investment Management LLC now owns 22,904 shares of the company’s stock valued at $1,069,000 after acquiring an additional 210 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Molson Coors Beverage by 64.2% during the second quarter. Smartleaf Asset Management LLC now owns 565 shares of the company’s stock valued at $27,000 after acquiring an additional 221 shares during the period. Finally, SBI Securities Co. Ltd. boosted its holdings in Molson Coors Beverage by 84.1% during the fourth quarter. SBI Securities Co. Ltd. now owns 534 shares of the company’s stock valued at $25,000 after acquiring an additional 244 shares during the period. 78.46% of the stock is currently owned by institutional investors.

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.