Molson Coors Beverage Company (NYSE:TAP) Receives $44.18 Average PT from Brokerages

Shares of Molson Coors Beverage Company (NYSE:TAP) have been assigned a consensus recommendation of “Hold” from the nineteen analysts that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $44.1765.

TAP has been the subject of a number of recent analyst reports. Wells Fargo & Company reduced their price objective on Molson Coors Beverage from $43.00 to $41.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 8th. Needham & Company LLC reiterated a “buy” rating and set a $50.00 target price on shares of Molson Coors Beverage in a research note on Friday, August 7th. Sanford C. Bernstein cut their price target on shares of Molson Coors Beverage from $74.00 to $45.00 and set a “market perform” rating on the stock in a report on Tuesday, May 26th. Wall Street Zen lowered shares of Molson Coors Beverage from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Molson Coors Beverage in a report on Wednesday, June 24th.

Institutional Investors Weigh In On Molson Coors Beverage

Several large investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. grew 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 purchasing an additional 244 shares during the period. Basepoint Wealth LLC purchased a new stake in Molson Coors Beverage during the fourth quarter valued at about $26,000. Smartleaf Asset Management LLC boosted its position in Molson Coors Beverage by 64.2% during the second quarter. Smartleaf Asset Management LLC now owns 565 shares of the company’s stock worth $27,000 after purchasing an additional 221 shares during the period. Larson Financial Group LLC boosted its position in Molson Coors Beverage by 551.1% during the fourth quarter. Larson Financial Group LLC now owns 612 shares of the company’s stock worth $29,000 after purchasing an additional 518 shares during the period. Finally, Clearstead Advisors LLC increased its stake in shares of Molson Coors Beverage by 223.0% in the fourth quarter. Clearstead Advisors LLC now owns 659 shares of the company’s stock worth $31,000 after purchasing an additional 455 shares in the last quarter. Hedge funds and other institutional investors own 78.46% of the company’s stock.

Molson Coors Beverage Price Performance

Shares of NYSE TAP opened at $40.42 on Tuesday. Molson Coors Beverage has a twelve month low of $38.04 and a twelve month high of $54.82. The stock’s 50 day moving average price is $41.04 and its 200-day moving average price is $42.46. The company has a market capitalization of $7.58 billion, a PE ratio of -3.50 and a beta of 0.42. The company has a quick ratio of 0.72, a current ratio of 0.88 and a debt-to-equity ratio of 0.55.

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

Molson Coors Beverage Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 28th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Friday, August 28th. Molson Coors Beverage’s dividend payout ratio is currently -16.64%.

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.