Molson Coors Beverage (NYSE:TAP) Reaches New 52-Week Low – What’s Next?

Shares of Molson Coors Beverage Company (NYSE:TAP) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $37.85 and last traded at $38.08, with a volume of 124617 shares. The stock had previously closed at $38.48.

Wall Street Analysts Forecast Growth

TAP has been the topic of several research reports. UBS Group lifted their price objective on Molson Coors Beverage from $40.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Weiss Ratings restated a “sell (d)” rating on shares of Molson Coors Beverage in a report on Wednesday, June 24th. Wall Street Zen lowered shares of Molson Coors Beverage from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Jefferies Financial Group lowered their price target on shares of Molson Coors Beverage from $43.00 to $41.00 in a research report on Friday, June 12th. Finally, Needham & Company LLC reissued a “buy” rating and set a $50.00 price objective on shares of Molson Coors Beverage in a research note on Friday, August 7th. Four research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $44.18.

Molson Coors Beverage Stock Up 1.4%

The company has a debt-to-equity ratio of 0.55, a current ratio of 0.88 and a quick ratio of 0.72. The stock has a 50 day simple moving average of $40.99 and a 200-day simple moving average of $42.04. The firm has a market cap of $7.31 billion, a PE ratio of -3.38 and a beta of 0.42.

Molson Coors Beverage (NYSE:TAP) last announced its quarterly earnings results on Thursday, August 6th. The company reported $1.58 earnings per share (EPS) 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 analysts’ expectations of $3.08 billion. During the same quarter in the previous year, the business posted $2.05 EPS. Molson Coors Beverage’s revenue was down 3.3% compared to the same quarter last year. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. Sell-side analysts predict that Molson Coors Beverage Company will post 4.81 EPS for the current fiscal year.

Molson Coors Beverage Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 28th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Friday, August 28th. Molson Coors Beverage’s dividend payout ratio is currently -16.64%.

Institutional Investors Weigh In On Molson Coors Beverage

A number of institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System increased its holdings in shares of Molson Coors Beverage by 3,413.0% in the 2nd quarter. California State Teachers Retirement System now owns 6,916,569 shares of the company’s stock worth $269,470,000 after purchasing an additional 6,719,685 shares in the last quarter. Norges Bank bought a new position in shares of Molson Coors Beverage during the fourth quarter valued at $125,755,000. Goldman Sachs Group Inc. lifted its holdings in shares of Molson Coors Beverage by 265.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,922,022 shares of the company’s stock valued at $136,400,000 after purchasing an additional 2,122,085 shares in the last quarter. State Street Corp boosted its position in shares of Molson Coors Beverage by 19.2% during the third quarter. State Street Corp now owns 10,516,810 shares of the company’s stock valued at $475,886,000 after buying an additional 1,693,682 shares during the last quarter. Finally, Royal London Asset Management Ltd. boosted its position in shares of Molson Coors Beverage by 317.9% during the second quarter. Royal London Asset Management Ltd. now owns 2,044,028 shares of the company’s stock valued at $98,297,000 after buying an additional 1,554,851 shares during the last quarter. Hedge funds and other institutional investors own 78.46% of the company’s stock.

Molson Coors Beverage Company Profile

Molson Coors Beverage Company is a global brewer headquartered in Golden, Colorado, and Montreal, Canada. The company produces, markets and distributes beer and other alcoholic beverages through operations in North America, Europe and other international markets.

Its portfolio includes well-known brands such as Coors, Miller, Molson, Carling, Blue Moon, Leinenkugel’s, Peroni Nastro Azzurro, Staropramen and Cobra. Molson Coors also offers a range of flavored alcoholic beverages, hard seltzers and other beverages designed to serve changing consumer preferences.

The company traces its history to the founding of Molson Brewery in Montreal in 1786 and the establishment of Coors Brewing Company in Colorado in 1873.