Molson Coors Beverage (NYSE:TAP) Rating Lowered to Strong Sell at Zacks Research

Molson Coors Beverage (NYSE:TAP) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Monday, Zacks reports.

Several other equities research analysts have also issued reports on TAP. Citigroup decreased their target price on Molson Coors Beverage from $42.00 to $40.00 and set a “neutral” rating for the company in a research report on Wednesday, October 14th. Weiss Ratings reissued a “sell (d)” rating on shares of Molson Coors Beverage in a report on Monday, September 21st. UBS Group increased their price target on shares of Molson Coors Beverage from $40.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. JPMorgan Chase & Co. increased their price target on shares of Molson Coors Beverage from $41.00 to $42.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. Finally, BNP Paribas Exane decreased their price objective on shares of Molson Coors Beverage from $34.00 to $33.00 and set an “underperform” rating for the company in a report on Friday, September 18th. Four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $43.12.

Molson Coors Beverage Stock Performance

Shares of TAP opened at $40.25 on Monday. The stock has a 50 day moving average of $39.24 and a 200 day moving average of $40.68. The company has a market capitalization of $8.43 billion, a price-to-earnings ratio of -3.49 and a beta of 0.43. Molson Coors Beverage has a 12 month low of $35.52 and a 12 month high of $54.82. 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 the consensus estimate of $1.51 by $0.07. Molson Coors Beverage had a positive return on equity of 9.46% and a negative net margin of 17.83%. The business had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.08 billion. During the same quarter in the previous year, the firm earned $2.05 earnings per share. The business’s revenue 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. As a group, sell-side analysts forecast that Molson Coors Beverage will post 4.79 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TAP. Dimensional Fund Advisors LP grew its holdings in Molson Coors Beverage by 10.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,363,157 shares of the company’s stock valued at $360,117,000 after buying an additional 790,314 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Molson Coors Beverage by 16.4% in the first quarter. Bank of New York Mellon Corp now owns 3,326,427 shares of the company’s stock worth $143,236,000 after buying an additional 469,607 shares in the last quarter. Nykredit A S purchased a new stake in shares of Molson Coors Beverage in the second quarter worth about $58,423,000. Squarepoint Ops LLC lifted its holdings in shares of Molson Coors Beverage by 8.1% in the second quarter. Squarepoint Ops LLC now owns 1,190,275 shares of the company’s stock worth $46,373,000 after buying an additional 89,398 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Molson Coors Beverage by 36.5% in the first quarter. Bank of America Corp DE now owns 1,187,921 shares of the company’s stock valued at $51,152,000 after acquiring an additional 317,387 shares during the period. Institutional investors own 78.46% of the company’s stock.

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.