Molson Coors Beverage Company (NYSE:TAP) Given Consensus Rating of “Hold” by Analysts

Molson Coors Beverage Company (NYSE:TAP) has received a consensus recommendation of “Hold” from the nineteen ratings firms that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $53.1813.

TAP has been the topic of a number of recent analyst reports. UBS Group upped their target price on Molson Coors Beverage from $47.00 to $50.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Roth Mkm reaffirmed a “buy” rating and issued a $65.00 price objective (down previously from $67.00) on shares of Molson Coors Beverage in a report on Wednesday, November 5th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $50.00 target price (down previously from $53.00) on shares of Molson Coors Beverage in a research note on Wednesday, November 19th. Zacks Research raised shares of Molson Coors Beverage from a “strong sell” rating to a “hold” rating in a research note on Friday, November 14th. Finally, The Goldman Sachs Group reduced their price target on shares of Molson Coors Beverage from $67.00 to $57.00 and set a “buy” rating for the company in a research note on Thursday, October 2nd.

Insider Buying and Selling at Molson Coors Beverage

In other Molson Coors Beverage news, Director Andrew Thomas Molson acquired 7,500 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was acquired at an average price of $46.79 per share, with a total value of $350,925.00. Following the transaction, the director owned 22,654 shares of the company’s stock, valued at approximately $1,059,980.66. This trade represents a 49.49% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director David S. Coors acquired 2,245 shares of Molson Coors Beverage stock in a transaction dated Wednesday, November 5th. The stock was acquired at an average cost of $44.47 per share, with a total value of $99,835.15. Following the completion of the transaction, the director directly owned 30,586 shares of the company’s stock, valued at $1,360,159.42. This trade represents a 7.92% increase in their position. The SEC filing for this purchase provides additional information. 2.71% of the stock is currently owned by company insiders.

Institutional Trading of Molson Coors Beverage

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TAP. Polianta Ltd acquired a new stake in Molson Coors Beverage in the third quarter worth about $1,543,000. JPMorgan Chase & Co. grew its holdings in shares of Molson Coors Beverage by 20.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,036,110 shares of the company’s stock valued at $49,828,000 after buying an additional 175,587 shares during the period. Swiss National Bank increased its holdings in shares of Molson Coors Beverage by 5.5% in the second quarter. Swiss National Bank now owns 537,600 shares of the company’s stock worth $25,853,000 after acquiring an additional 27,900 shares in the last quarter. Signaturefd LLC raised its holdings in Molson Coors Beverage by 79.8% during the 2nd quarter. Signaturefd LLC now owns 2,861 shares of the company’s stock worth $138,000 after buying an additional 1,270 shares during the period. Finally, Invesco Ltd. lifted its position in Molson Coors Beverage by 3.6% in the 3rd quarter. Invesco Ltd. now owns 4,430,544 shares of the company’s stock valued at $200,482,000 after acquiring an additional 152,859 shares in the last quarter. Institutional investors own 78.46% of the company’s stock.

Molson Coors Beverage Stock Performance

NYSE TAP opened at $49.34 on Monday. The business’s 50-day moving average price is $47.21 and its 200 day moving average price is $47.80. The company has a current ratio of 0.60, a quick ratio of 0.45 and a debt-to-equity ratio of 0.37. Molson Coors Beverage has a twelve month low of $42.94 and a twelve month high of $64.66. The company has a market capitalization of $9.75 billion, a PE ratio of -4.62 and a beta of 0.45.

Molson Coors Beverage (NYSE:TAP) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.05). Molson Coors Beverage had a negative net margin of 15.89% and a positive return on equity of 8.78%. The firm had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $3.02 billion. Molson Coors Beverage has set its FY 2025 guidance at 5.360-5.360 EPS. On average, research analysts predict that Molson Coors Beverage will post 6.35 earnings per share for the current year.

Molson Coors Beverage Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were paid a $0.47 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $1.88 dividend on an annualized basis and a yield of 3.8%. Molson Coors Beverage’s dividend payout ratio (DPR) is currently -17.60%.

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.