Molson Coors Beverage (NYSE:TAP) Sets New 1-Year Low – Time to Sell?

Molson Coors Beverage Company (NYSE:TAP) hit a new 52-week low on Saturday . The company traded as low as $37.31 and last traded at $37.55, with a volume of 49898215 shares changing hands. The stock had previously closed at $39.08.

Analyst Ratings Changes

Several equities analysts have recently commented on TAP shares. Weiss Ratings restated a “sell (d)” rating on shares of Molson Coors Beverage in a research note on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft set a $41.00 price objective on shares of Molson Coors Beverage in a research note on Wednesday, July 22nd. Needham & Company LLC reissued a “buy” rating and set a $50.00 target price on shares of Molson Coors Beverage in a research report on Friday, August 7th. Jefferies Financial Group reduced their price target on shares of Molson Coors Beverage from $43.00 to $41.00 in a report on Friday, June 12th. Finally, Piper Sandler lowered their price target on shares of Molson Coors Beverage from $45.00 to $44.00 and set a “neutral” rating for the company in a research report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, Molson Coors Beverage presently has a consensus rating of “Hold” and an average price target of $44.18.

Molson Coors Beverage Price Performance

The firm has a market capitalization of $7.04 billion, a P/E ratio of -3.25 and a beta of 0.42. The stock’s fifty day simple moving average is $40.98 and its 200 day simple moving average is $41.64. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.88 and a quick ratio of 0.72.

Molson Coors Beverage (NYSE:TAP) last issued its quarterly earnings data on Thursday, August 6th. The company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.07. Molson Coors Beverage had a negative net margin of 17.83% and a positive return on equity of 9.46%. The firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.08 billion. During the same quarter in the previous year, the firm earned $2.05 EPS. The company’s quarterly revenue was down 3.3% compared to the same quarter last year. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. On average, equities research analysts predict that Molson Coors Beverage Company will post 4.81 EPS for the current year.

Molson Coors Beverage Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, August 28th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 5.1%. The ex-dividend date was Friday, August 28th. Molson Coors Beverage’s dividend payout ratio is currently -16.64%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Delta Global Management LP purchased a new stake in Molson Coors Beverage in the fourth quarter valued at approximately $2,360,000. Fairfax Financial Holdings Ltd. Can lifted its stake in Molson Coors Beverage by 3.8% during the 4th quarter. Fairfax Financial Holdings Ltd. Can now owns 1,338,500 shares of the company’s stock valued at $62,495,000 after acquiring an additional 48,429 shares during the period. Wilsey Asset Management Inc. lifted its stake in Molson Coors Beverage by 8.9% during the 1st quarter. Wilsey Asset Management Inc. now owns 675,726 shares of the company’s stock valued at $29,097,000 after acquiring an additional 55,465 shares during the period. Skylands Capital LLC boosted its holdings in shares of Molson Coors Beverage by 38.0% in the 1st quarter. Skylands Capital LLC now owns 342,800 shares of the company’s stock valued at $14,761,000 after acquiring an additional 94,475 shares during the last quarter. Finally, Jefferies Financial Group Inc. boosted its holdings in shares of Molson Coors Beverage by 187.9% in the 4th quarter. Jefferies Financial Group Inc. now owns 43,318 shares of the company’s stock valued at $2,022,000 after acquiring an additional 28,272 shares during the last quarter. 78.46% of the stock is owned by institutional investors and hedge funds.

About Molson Coors Beverage

Molson Coors Beverage Company is a global brewer headquartered in Golden, Colorado, and Montreal, Canada. The company produces, markets and distributes beer and other alcoholic beverages through operations in North America, Europe and other international markets.

Its portfolio includes well-known brands such as Coors, Miller, Molson, Carling, Blue Moon, Leinenkugel’s, Peroni Nastro Azzurro, Staropramen and Cobra. Molson Coors also offers a range of flavored alcoholic beverages, hard seltzers and other beverages designed to serve changing consumer preferences.

The company traces its history to the founding of Molson Brewery in Montreal in 1786 and the establishment of Coors Brewing Company in Colorado in 1873.