Molson Coors Beverage Company (NYSE:TAP) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Molson Coors Beverage Company (NYSE:TAP) have been given a consensus recommendation of “Hold” by the nineteen research firms that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $44.1765.

Several equities research analysts have recently weighed in on the company. UBS Group increased their price target on Molson Coors Beverage from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Sanford C. Bernstein dropped their price objective on Molson Coors Beverage from $74.00 to $45.00 and set a “market perform” rating for the company in a report on Tuesday, May 26th. The Goldman Sachs Group upped their price objective on Molson Coors Beverage from $48.00 to $50.00 in a research report on Friday, May 1st. Morgan Stanley reduced their target price on Molson Coors Beverage from $52.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Monday, May 4th. Finally, Jefferies Financial Group decreased their target price on Molson Coors Beverage from $43.00 to $41.00 in a research report on Friday, June 12th.

Insiders Place Their Bets

In other Molson Coors Beverage news, Director Geoffrey E. Molson sold 1,245 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $42.50, for a total value of $52,912.50. Following the completion of the sale, the director directly owned 9,871 shares of the company’s stock, valued at $419,517.50. The trade was a 11.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.27% of the stock is owned by insiders.

Hedge Funds Weigh In On Molson Coors Beverage

Institutional investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. grew its stake in Molson Coors Beverage by 84.1% in the fourth quarter. SBI Securities Co. Ltd. now owns 534 shares of the company’s stock worth $25,000 after purchasing an additional 244 shares in the last quarter. Basepoint Wealth LLC purchased a new position in Molson Coors Beverage during the 4th quarter worth $26,000. Smartleaf Asset Management LLC raised its position in Molson Coors Beverage by 64.2% during the 2nd quarter. Smartleaf Asset Management LLC now owns 565 shares of the company’s stock valued at $27,000 after purchasing an additional 221 shares in the last quarter. Larson Financial Group LLC raised its position in Molson Coors Beverage by 551.1% during the 4th quarter. Larson Financial Group LLC now owns 612 shares of the company’s stock valued at $29,000 after purchasing an additional 518 shares in the last quarter. Finally, Clearstead Advisors LLC lifted its holdings in shares of Molson Coors Beverage by 223.0% in the 4th quarter. Clearstead Advisors LLC now owns 659 shares of the company’s stock worth $31,000 after buying an additional 455 shares during the period. 78.46% of the stock is owned by hedge funds and other institutional investors.

Molson Coors Beverage Stock Performance

Shares of NYSE:TAP opened at $42.17 on Friday. The company has a market capitalization of $7.91 billion, a price-to-earnings ratio of -3.65 and a beta of 0.42. Molson Coors Beverage has a 12 month low of $38.04 and a 12 month high of $54.82. The firm’s 50-day moving average is $40.61 and its 200 day moving average is $43.39. The company has a current ratio of 0.88, a quick ratio of 0.72 and a debt-to-equity ratio of 0.55.

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

Molson Coors Beverage Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 28th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Friday, August 28th. Molson Coors Beverage’s dividend payout ratio (DPR) 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.