Analysts Set Molson Coors Beverage Company (NYSE:TAP) Price Target at $48.12

Shares of Molson Coors Beverage Company (NYSE:TAP) have been assigned a consensus recommendation of “Reduce” from the nineteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $47.2941.

A number of brokerages recently issued reports on TAP. Piper Sandler dropped their price objective on shares of Molson Coors Beverage from $50.00 to $45.00 and set a “neutral” rating for the company in a 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 objective for the company from $50.00 to $42.00 in a report on Wednesday, February 25th. Zacks Research lowered shares of Molson Coors Beverage from a “hold” rating to a “strong sell” rating in a report on Friday, February 20th. Roth Mkm set a $58.00 price objective on shares of Molson Coors Beverage in a report on Thursday, February 19th. Finally, BNP Paribas Exane lowered shares of Molson Coors Beverage from a “hold” rating to a “strong sell” rating and set a $40.00 price objective for the company. in a report on Friday, January 16th.

Insider Activity at Molson Coors Beverage

In related news, Director Andrew Thomas Molson acquired 2,000 shares of Molson Coors Beverage stock in a transaction dated Monday, March 9th. The stock was bought at an average price of $46.67 per share, with a total value of $93,340.00. Following the transaction, the director directly owned 24,654 shares in the company, valued at $1,150,602.18. This represents a 8.83% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 2.71% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Molson Coors Beverage

A number of large investors have recently modified their holdings of the company. Dodge & Cox lifted its holdings in shares of Molson Coors Beverage by 29.4% in the 3rd quarter. Dodge & Cox now owns 18,631,224 shares of the company’s stock worth $843,063,000 after purchasing an additional 4,235,029 shares in the last quarter. State Street Corp lifted its holdings in shares of Molson Coors Beverage by 19.2% in the 3rd quarter. State Street Corp now owns 10,516,810 shares of the company’s stock worth $475,886,000 after purchasing an additional 1,693,682 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Molson Coors Beverage by 17.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,572,843 shares of the company’s stock worth $353,502,000 after purchasing an additional 1,147,800 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Molson Coors Beverage by 1.2% in the 4th quarter. Invesco Ltd. now owns 4,485,000 shares of the company’s stock worth $209,360,000 after purchasing an additional 54,456 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Molson Coors Beverage by 265.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,922,022 shares of the company’s stock valued at $136,400,000 after acquiring an additional 2,122,085 shares in the last quarter. 78.46% of the stock is currently owned by institutional investors.

Molson Coors Beverage Trading Up 0.9%

Shares of Molson Coors Beverage stock opened at $45.06 on Friday. The firm’s 50 day moving average is $46.69 and its 200 day moving average is $46.63. The firm has a market capitalization of $8.47 billion, a PE ratio of -4.15 and a beta of 0.50. Molson Coors Beverage has a 1 year low of $41.04 and a 1 year high of $61.41. The company has a current ratio of 0.55, a quick ratio of 0.42 and a debt-to-equity ratio of 0.37.

Molson Coors Beverage (NYSE:TAP) last released its quarterly earnings data on Wednesday, February 18th. The company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.04. The business had revenue of $2.03 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.30 EPS. 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 6.35 earnings per share for the current fiscal year.

Molson Coors Beverage Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Friday, March 6th were 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 was Friday, March 6th. This represents a $1.92 annualized dividend and a dividend yield of 4.3%. Molson Coors Beverage’s payout ratio is -17.70%.

About Molson Coors Beverage

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.