Molson Coors Beverage Company (TAP) – What Are Researchers Saying About This Stock?

Molson Coors Beverage Company (NYSE:TAP) has been given a consensus recommendation of “Reduce” by the nineteen analysts that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $43.06.

A number of equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft set a $41.00 target price on shares of Molson Coors Beverage in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. dropped their price target on shares of Molson Coors Beverage from $42.00 to $41.00 and set a “neutral” rating for the company in a research note on Monday. Barclays cut their price target on shares of Molson Coors Beverage from $41.00 to $36.00 and set an “underweight” rating for the company in a report on Friday, October 16th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Molson Coors Beverage in a research report on Monday, September 21st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price target on shares of Molson Coors Beverage in a research report on Friday, August 7th.

Institutional Investors Weigh In On Molson Coors Beverage

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC lifted its stake in shares of Molson Coors Beverage by 5.4% in the 1st quarter. V Square Quantitative Management LLC now owns 6,373 shares of the company’s stock valued at $274,000 after purchasing an additional 327 shares during the last quarter. Procyon Advisors LLC increased its position in shares of Molson Coors Beverage by 4.9% during the 1st quarter. Procyon Advisors LLC now owns 7,730 shares of the company’s stock worth $333,000 after purchasing an additional 358 shares during the last quarter. TD Waterhouse Canada Inc. increased its position in shares of Molson Coors Beverage by 4.7% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 8,113 shares of the company’s stock worth $301,000 after purchasing an additional 362 shares during the last quarter. Apollon Wealth Management LLC increased its position in shares of Molson Coors Beverage by 7.6% during the 1st quarter. Apollon Wealth Management LLC now owns 5,564 shares of the company’s stock worth $240,000 after purchasing an additional 393 shares during the last quarter. Finally, Chicago Partners Investment Group LLC raised its holdings in Molson Coors Beverage by 5.0% in the 1st quarter. Chicago Partners Investment Group LLC now owns 9,199 shares of the company’s stock valued at $393,000 after buying an additional 436 shares during the period. Institutional investors and hedge funds own 78.46% of the company’s stock.

Molson Coors Beverage Price Performance

Shares of TAP stock opened at $39.35 on Wednesday. The company’s 50-day moving average price is $39.12 and its 200-day moving average price is $42.63. Molson Coors Beverage has a twelve month low of $35.52 and a twelve month high of $54.82.

Molson Coors Beverage (NYSE:TAP) last announced its quarterly earnings data on Thursday, August 6th. The company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.07. The firm had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.08 billion. During the same period in the prior year, the company posted $2.05 EPS. The company’s revenue for the quarter 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. Equities research analysts forecast that Molson Coors Beverage will post 4.78 earnings per share for the current year.

Molson Coors Beverage Company Profile

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.