Molson Coors Beverage (NYSE:TAP) Cut to Strong Sell at Wells Fargo & Company

Molson Coors Beverage (NYSE:TAP) was downgraded by analysts at Wells Fargo & Company from an “equal weight” rating to a “strong sell” rating in a report issued on Friday, MarketBeat Ratings reports. They presently have a $36.00 price target on the stock, down from their prior price target of $38.00. Wells Fargo & Company‘s target price suggests a potential downside of 10.59% from the stock’s previous close.

TAP has been the subject of several other reports. UBS Group boosted their target price on shares of Molson Coors Beverage from $40.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Citigroup cut their price target on shares of Molson Coors Beverage from $42.00 to $40.00 and set a “neutral” rating on the stock in a report on Wednesday, October 14th. Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Molson Coors Beverage in a research note on Friday, August 7th. Piper Sandler decreased their price objective on shares of Molson Coors Beverage from $45.00 to $44.00 and set a “neutral” rating for the company in a report on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft set a $41.00 target price on shares of Molson Coors Beverage in a research report on Wednesday, July 22nd. Three analysts have rated the stock with a Buy rating, nine have given a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $42.65.

Molson Coors Beverage Stock Down 4.7%

Shares of TAP traded down $1.97 during midday trading on Friday, reaching $40.26. 4,610,956 shares of the stock were exchanged, compared to its average volume of 3,086,604. Molson Coors Beverage has a 12-month low of $35.52 and a 12-month high of $54.82. The firm has a 50 day simple moving average of $38.95 and a 200-day simple moving average of $42.31. The company has a quick ratio of 0.72, a current ratio of 0.88 and a debt-to-equity ratio of 0.55. The company has a market cap of $8.44 billion, a price-to-earnings ratio of 8.57 and a beta of 0.45.

Molson Coors Beverage (NYSE:TAP) last announced its quarterly earnings results on Thursday, November 5th. The company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.44 by $0.02. Molson Coors Beverage had a positive return on equity of 9.46% and a negative net margin of 17.83%. The business had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the previous year, the business posted $1.67 EPS. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. Research analysts forecast that Molson Coors Beverage will post 4.77 EPS for the current year.

Hedge Funds Weigh In On Molson Coors Beverage

Institutional investors have recently modified their holdings of the company. Nykredit A S bought a new position in Molson Coors Beverage in the 2nd quarter worth $43,375,000. Squarepoint Ops LLC lifted its position in Molson Coors Beverage by 8.1% during the 2nd quarter. Squarepoint Ops LLC now owns 1,190,275 shares of the company’s stock worth $46,373,000 after acquiring an additional 89,398 shares during the last quarter. Core Capital Management & Research inc. acquired a new position in Molson Coors Beverage during the 2nd quarter worth $7,905,000. Foster & Motley Inc. bought a new stake in Molson Coors Beverage during the second quarter valued at about $3,080,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Molson Coors Beverage during the second quarter valued at about $1,849,000. Institutional investors own 78.46% of the company’s stock.

More Molson Coors Beverage News

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

• Positive Sentiment: Needham & Company maintained a “buy” rating, despite lowering its price target from $50 to $46. The revised target still implies potential upside from the reference price. Needham analyst recommendations
• Neutral Sentiment: Piper Sandler cut its target from $44 to $43 and kept a “neutral” rating, signaling limited conviction in a near-term recovery. Piper Sandler analyst recommendations
• Negative Sentiment: Wells Fargo downgraded TAP from “equal weight” to “underweight” and lowered its target to $36 from $38, citing sales pressure and greater inflation risks extending into 2027. Wells Fargo analyst recommendations Wells Fargo sales and inflation outlook
• Negative Sentiment: Third-quarter revenue was about $2.93 billion, below estimates and down 1.6% year over year. EPS of $1.46 was lower than the $1.67 reported a year earlier and narrowly missed some estimates, though it topped other consensus figures. Weak demand and cost inflation are squeezing results. Q3 earnings and cost inflation
• Negative Sentiment: Molson Coors cut its 2026 sales and earnings outlook and expects soft beer demand to persist, raising concerns about continued revenue and profit pressure. Molson Coors cuts outlook

About Molson Coors Beverage

Molson Coors Beverage Company is a global beverage company best known for brewing and marketing beer. Its portfolio includes widely recognized brands such as Coors, Coors Light, Miller Lite, Miller High Life, Molson Canadian, Carling, Blue Moon, Staropramen and Peroni Nastro Azzurro, along with hard seltzers, flavored alcoholic beverages and other adjacent products.

The company serves consumers through a broad network of breweries, distributors and retailers across North America, Europe and other international markets.