Molson Coors Beverage (NYSE:TAP) Given New $45.00 Price Target at UBS Group

Molson Coors Beverage (NYSE:TAP) had its price objective cut by stock analysts at UBS Group from $50.00 to $45.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price target would indicate a potential downside of 0.24% from the company’s current price.

Several other analysts have also commented on the stock. Jefferies Financial Group set a $45.00 price target on shares of Molson Coors Beverage in a research report on Thursday, February 19th. Bank of America lowered shares of Molson Coors Beverage from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $50.00 to $42.00 in a research report on Wednesday, February 25th. Zacks Research lowered shares of Molson Coors Beverage from a “hold” rating to a “strong sell” rating in a research report on Friday, February 20th. Wells Fargo & Company dropped their price target on shares of 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 price target on shares of Molson Coors Beverage in a research report on Thursday, February 19th. Four equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, Molson Coors Beverage currently has a consensus rating of “Reduce” and a consensus price target of $47.71.

Molson Coors Beverage Stock Performance

Shares of Molson Coors Beverage stock traded up $0.65 during trading on Tuesday, hitting $45.11. 1,144,224 shares of the company’s stock were exchanged, compared to its average volume of 3,036,552. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.42 and a current ratio of 0.55. The business has a 50-day simple moving average of $46.95 and a 200-day simple moving average of $46.68. Molson Coors Beverage has a 52-week low of $41.04 and a 52-week high of $62.14. The stock has a market capitalization of $8.48 billion, a price-to-earnings ratio of -4.15 and a beta of 0.50.

Molson Coors Beverage (NYSE:TAP) last issued its earnings results on Wednesday, February 18th. The company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.04. Molson Coors Beverage had a negative net margin of 16.41% and a positive return on equity of 9.04%. The firm had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2.71 billion. During the same quarter last year, the company posted $1.30 earnings per share. The firm’s revenue was down 2.7% compared to the same quarter last year. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. On average, research analysts forecast that Molson Coors Beverage will post 6.35 EPS for the current year.

Insider Activity

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

Institutional Trading of Molson Coors Beverage

Institutional investors have recently modified their holdings of the stock. Polianta Ltd acquired a new position in Molson Coors Beverage during the third quarter worth about $1,543,000. Wilsey Asset Management Inc. boosted its position in Molson Coors Beverage by 4.9% during the third quarter. Wilsey Asset Management Inc. now owns 591,259 shares of the company’s stock worth $26,754,000 after acquiring an additional 27,819 shares during the last quarter. Invesco Ltd. boosted its position in Molson Coors Beverage by 3.6% during the third quarter. Invesco Ltd. now owns 4,430,544 shares of the company’s stock worth $200,482,000 after acquiring an additional 152,859 shares during the last quarter. Gamco Investors INC. ET AL boosted its position in Molson Coors Beverage by 182.1% during the second quarter. Gamco Investors INC. ET AL now owns 84,290 shares of the company’s stock worth $4,054,000 after acquiring an additional 54,410 shares during the last quarter. Finally, Mediolanum International Funds Ltd acquired a new position in Molson Coors Beverage during the third quarter worth about $1,517,000. Institutional investors and hedge funds own 78.46% of the company’s stock.

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.