Molson Coors Beverage (NYSE:TAP) Given New $46.00 Price Target at Needham & Company LLC

Molson Coors Beverage (NYSE:TAP) had its target price trimmed by Needham & Company LLC from $50.00 to $46.00 in a research note published on Friday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities analysts have also weighed in on TAP. Zacks Research lowered shares of Molson Coors Beverage from a “hold” rating to a “strong sell” rating in a report on Monday, October 19th. Piper Sandler cut their price objective on Molson Coors Beverage from $44.00 to $43.00 and set a “neutral” rating for the company in a research note on Friday. Deutsche Bank Aktiengesellschaft set a $41.00 target price on shares of Molson Coors Beverage in a research note on Wednesday, July 22nd. BNP Paribas Exane reduced their price objective on Molson Coors Beverage from $34.00 to $33.00 and set an “underperform” rating on the stock in a research note on Friday, September 18th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Molson Coors Beverage in a research report on Monday, September 21st. Three investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $42.65.

Molson Coors Beverage Trading Down 4.7%

Shares of NYSE TAP traded down $1.97 during midday trading on Friday, reaching $40.26. The company had a trading volume of 4,610,956 shares, compared to its average volume of 3,086,604. The company has a quick ratio of 0.72, a current ratio of 0.88 and a debt-to-equity ratio of 0.55. Molson Coors Beverage has a one year low of $35.52 and a one year high of $54.82. The stock has a market cap of $8.44 billion, a PE ratio of 8.57 and a beta of 0.45. The firm’s fifty day moving average price is $38.95 and its 200-day moving average price is $42.31.

Molson Coors Beverage (NYSE:TAP) last posted its quarterly earnings results on Thursday, November 5th. The company reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.02. The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.94 billion. Molson Coors Beverage had a negative net margin of 17.83% and a positive return on equity of 9.46%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.67 EPS. On average, equities research analysts anticipate that Molson Coors Beverage will post 4.77 earnings per share for the current year.

Institutional Investors Weigh In On Molson Coors Beverage

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jacobi Capital Management LLC acquired a new position in shares of Molson Coors Beverage in the 3rd quarter valued at $25,000. SBI Securities Co. Ltd. raised its stake in shares of Molson Coors Beverage by 84.7% during the 3rd quarter. SBI Securities Co. Ltd. now owns 992 shares of the company’s stock worth $36,000 after buying an additional 455 shares during the period. CX Institutional grew its position in shares of Molson Coors Beverage by 496.8% in the second quarter. CX Institutional now owns 1,325 shares of the company’s stock valued at $52,000 after purchasing an additional 1,103 shares during the period. EverSource Wealth Advisors LLC raised its stake in Molson Coors Beverage by 39.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,540 shares of the company’s stock valued at $66,000 after purchasing an additional 436 shares during the last quarter. Finally, Root Financial Partners LLC purchased a new position in Molson Coors Beverage during the third quarter worth approximately $86,000. 78.46% of the stock is currently owned by hedge funds and other institutional investors.

Molson Coors Beverage News Summary

Here are the key news stories impacting Molson Coors Beverage this week:

• Positive Sentiment: Needham & Company maintained a “buy” rating, despite lowering its price target from $50 to $46. The revised target still implies potential upside from the reference price. Needham analyst recommendations
• Neutral Sentiment: Piper Sandler cut its target from $44 to $43 and kept a “neutral” rating, signaling limited conviction in a near-term recovery. Piper Sandler analyst recommendations
• Negative Sentiment: Wells Fargo downgraded TAP from “equal weight” to “underweight” and lowered its target to $36 from $38, citing sales pressure and greater inflation risks extending into 2027. Wells Fargo analyst recommendations Wells Fargo sales and inflation outlook
• Negative Sentiment: Third-quarter revenue was about $2.93 billion, below estimates and down 1.6% year over year. EPS of $1.46 was lower than the $1.67 reported a year earlier and narrowly missed some estimates, though it topped other consensus figures. Weak demand and cost inflation are squeezing results. Q3 earnings and cost inflation
• Negative Sentiment: Molson Coors cut its 2026 sales and earnings outlook and expects soft beer demand to persist, raising concerns about continued revenue and profit pressure. Molson Coors cuts outlook

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.