Brokerages Set Molson Coors Beverage Company (NYSE:TAP) PT at $51.35

Molson Coors Beverage Company (NYSE:TAP) has been given an average rating of “Hold” by the nineteen ratings firms that are currently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $51.3471.

A number of research firms recently weighed in on TAP. Jefferies Financial Group set a $45.00 target price on shares of Molson Coors Beverage in a research report on Thursday, February 19th. Zacks Research downgraded shares of Molson Coors Beverage from a “hold” rating to a “strong sell” rating in a research note on Friday, February 20th. TD Cowen decreased their price objective on Molson Coors Beverage from $47.00 to $43.00 and set a “hold” rating for the company in a report on Friday, February 20th. Wells Fargo & Company lowered their target price 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, February 19th. Finally, Roth Mkm set a $58.00 target price on Molson Coors Beverage in a report on Thursday, February 19th.

Insider Activity

In related news, Director Andrew Thomas Molson acquired 2,000 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were bought at an average price of $46.67 per share, for a total transaction of $93,340.00. Following the purchase, the director directly owned 24,654 shares in the company, valued at approximately $1,150,602.18. This trade represents a 8.83% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.71% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Molson Coors Beverage

Several hedge funds and other institutional investors have recently made changes to their positions in TAP. Root Financial Partners LLC acquired a new stake in Molson Coors Beverage in the third quarter valued at $25,000. GoalVest Advisory LLC acquired a new position in shares of Molson Coors Beverage during the 4th quarter worth about $25,000. SBI Securities Co. Ltd. increased its stake in shares of Molson Coors Beverage by 84.1% during the 4th quarter. SBI Securities Co. Ltd. now owns 534 shares of the company’s stock worth $25,000 after purchasing an additional 244 shares during the last quarter. Basepoint Wealth LLC bought a new stake in shares of Molson Coors Beverage in the 4th quarter valued at about $26,000. Finally, Clearstead Trust LLC raised its holdings in shares of Molson Coors Beverage by 952.8% in the 2nd quarter. Clearstead Trust LLC now owns 558 shares of the company’s stock valued at $27,000 after purchasing an additional 505 shares during the period. 78.46% of the stock is owned by institutional investors.

Molson Coors Beverage Trading Down 2.9%

NYSE:TAP opened at $43.68 on Tuesday. Molson Coors Beverage has a twelve month low of $42.94 and a twelve month high of $63.50. The company has a quick ratio of 0.42, a current ratio of 0.55 and a debt-to-equity ratio of 0.37. The business has a 50 day moving average price of $48.99 and a two-hundred day moving average price of $47.52. The company has a market cap of $8.21 billion, a P/E ratio of -4.03 and a beta of 0.49.

Molson Coors Beverage (NYSE:TAP) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.04. The company had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.71 billion. Molson Coors Beverage had a negative net margin of 16.41% and a positive return on equity of 9.04%. The firm’s revenue was down 2.7% compared to the same quarter last year. During the same period last year, the company earned $1.30 earnings per share. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. As a group, analysts expect that Molson Coors Beverage will post 6.35 EPS for the current fiscal year.

Molson Coors Beverage Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, March 6th will be given a dividend of $0.48 per share. This is a positive change from Molson Coors Beverage’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.92 annualized dividend and a dividend yield of 4.4%. Molson Coors Beverage’s payout ratio is presently -17.70%.

Molson Coors Beverage Company Profile

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.