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

Shares of Molson Coors Beverage Company (NYSE:TAP) have been assigned a consensus rating of “Hold” from the nineteen brokerages that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $53.1813.

TAP has been the topic of a number of research analyst reports. UBS Group raised their price target on Molson Coors Beverage from $47.00 to $50.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. Roth Mkm restated a “buy” rating and set a $65.00 target price (down 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 issued a $50.00 price target (down previously from $53.00) on shares of Molson Coors Beverage in a research note on Wednesday, November 19th. Exane BNP Paribas cut shares of Molson Coors Beverage from a “hold” rating to a “strong sell” rating in a report on Friday, January 16th. Finally, Needham & Company LLC dropped their price objective on shares of Molson Coors Beverage from $58.00 to $54.00 and set a “buy” rating on the stock in a report on Monday, November 3rd.

Insider Transactions at Molson Coors Beverage

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

Institutional Trading of Molson Coors Beverage

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Molson Coors Beverage by 0.4% during the second quarter. Vanguard Group Inc. now owns 21,208,854 shares of the company’s stock worth $1,019,934,000 after purchasing an additional 92,058 shares during the last quarter. Dodge & Cox lifted its position in Molson Coors Beverage by 29.4% during the 3rd quarter. Dodge & Cox now owns 18,631,224 shares of the company’s stock worth $843,063,000 after buying an additional 4,235,029 shares in the last quarter. State Street Corp boosted its stake in shares of Molson Coors Beverage by 19.2% during the 3rd quarter. State Street Corp now owns 10,516,810 shares of the company’s stock worth $475,886,000 after buying an additional 1,693,682 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Molson Coors Beverage by 22.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 6,425,043 shares of the company’s stock valued at $290,741,000 after acquiring an additional 1,195,249 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Molson Coors Beverage by 1.4% in the second quarter. Geode Capital Management LLC now owns 4,486,791 shares of the company’s stock valued at $214,860,000 after acquiring an additional 61,060 shares during the last quarter. 78.46% of the stock is currently owned by institutional investors and hedge funds.

Molson Coors Beverage Price Performance

Shares of TAP stock opened at $49.34 on Monday. Molson Coors Beverage has a 12-month low of $42.94 and a 12-month high of $64.66. The firm has a market capitalization of $9.75 billion, a price-to-earnings ratio of -4.62 and a beta of 0.45. The company has a quick ratio of 0.45, a current ratio of 0.60 and a debt-to-equity ratio of 0.37. The firm has a fifty day moving average of $47.21 and a 200-day moving average of $47.78.

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

Molson Coors Beverage Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 19th. Shareholders 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 annualized dividend and a dividend 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.