Wells Fargo & Company Has Lowered Expectations for Molson Coors Beverage (NYSE:TAP) Stock Price

Molson Coors Beverage (NYSE:TAP) had its price objective cut by research analysts at Wells Fargo & Company from $41.00 to $38.00 in a report issued on Monday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price suggests a potential upside of 3.08% from the company’s current price.

Several other equities research analysts have also recently issued reports on TAP. Piper Sandler lowered their target price on shares of Molson Coors Beverage from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Friday, August 7th. Needham & Company LLC reissued a “buy” rating and issued a $50.00 price target on shares of Molson Coors Beverage in a research note on Friday, August 7th. Jefferies Financial Group decreased their price target on shares of Molson Coors Beverage from $43.00 to $41.00 in a research note on Friday, June 12th. BNP Paribas Exane lowered their price target on shares of Molson Coors Beverage from $34.00 to $33.00 and set an “underperform” rating on the stock in a research report on Friday, September 18th. Finally, Deutsche Bank Aktiengesellschaft set a $41.00 price objective on shares of Molson Coors Beverage in a research note on Wednesday, July 22nd. Four analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $43.88.

Molson Coors Beverage Price Performance

Shares of Molson Coors Beverage stock opened at $36.87 on Monday. The stock has a market capitalization of $6.91 billion, a P/E ratio of -3.19 and a beta of 0.43. The business has a 50 day simple moving average of $39.98 and a two-hundred day simple moving average of $40.94. Molson Coors Beverage has a 12 month low of $35.52 and a 12 month high of $54.82. 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 results 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 positive return on equity of 9.46% and a negative net margin of 17.83%.The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same period in the previous year, the company posted $2.05 earnings per share. The business’s revenue was down 3.3% on a year-over-year basis. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. As a group, analysts predict that Molson Coors Beverage will post 4.81 EPS for the current fiscal year.

Institutional Trading of Molson Coors Beverage

Several institutional investors have recently added to or reduced their stakes in TAP. Parrish Capital LLC raised its position in Molson Coors Beverage by 17.5% in the third quarter. Parrish Capital LLC now owns 22,959 shares of the company’s stock valued at $837,000 after purchasing an additional 3,414 shares during the period. MAC Alpha Capital Management LP grew its stake in shares of Molson Coors Beverage by 8.9% in the second quarter. MAC Alpha Capital Management LP now owns 168,132 shares of the company’s stock valued at $6,551,000 after buying an additional 13,800 shares in the last quarter. Core Capital Management & Research inc. acquired a new stake in shares of Molson Coors Beverage in the second quarter valued at $7,905,000. Sequoia Financial Advisors LLC raised its holdings in shares of Molson Coors Beverage by 136.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 28,795 shares of the company’s stock valued at $1,122,000 after buying an additional 16,597 shares during the period. Finally, Tidal Investments LLC raised its holdings in shares of Molson Coors Beverage by 10.0% in the 2nd quarter. Tidal Investments LLC now owns 98,246 shares of the company’s stock valued at $3,828,000 after buying an additional 8,894 shares during the period. Institutional investors and hedge funds own 78.46% of the company’s stock.

Molson Coors Beverage Company Profile

Molson Coors Beverage Company is a global brewer that produces, markets and distributes beer and other beverage products. Its portfolio includes well-known brands such as Coors, Miller, Molson, Coors Light, Miller Lite, Blue Moon, Leinenkugel’s, Carling, Staropramen and Peroni Nastro Azzurro, along with a range of craft, premium, flavored and non-alcoholic beverages.

The company serves consumers through retail, hospitality and other distribution channels across North America, Europe and selected international markets.