Molson Coors Beverage (NYSE:TAP) Updates FY 2025 Earnings Guidance

Molson Coors Beverage (NYSE:TAP) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share guidance of 5.360-5.360 for the period, compared to the consensus earnings per share estimate of 5.420. The company issued revenue guidance of $11.2 billion-$11.2 billion, compared to the consensus revenue estimate of $11.3 billion.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Citigroup reduced their target price on Molson Coors Beverage from $51.00 to $49.00 and set a “neutral” rating for the company in a report on Thursday, October 9th. Morgan Stanley reduced their target price on Molson Coors Beverage from $58.00 to $53.00 and set an “equal weight” rating for the company in a report on Wednesday, August 6th. Weiss Ratings restated a “hold (c)” rating on shares of Molson Coors Beverage in a report on Tuesday, October 14th. Piper Sandler reduced their target price on Molson Coors Beverage from $53.00 to $52.00 and set a “neutral” rating for the company in a report on Tuesday, September 30th. Finally, Wells Fargo & Company reduced their target price on Molson Coors Beverage from $58.00 to $55.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Six research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $56.37.

Molson Coors Beverage Stock Performance

NYSE TAP traded up $0.33 during trading on Tuesday, hitting $43.55. The company’s stock had a trading volume of 2,612,363 shares, compared to its average volume of 2,445,590. The company has a quick ratio of 0.67, a current ratio of 0.95 and a debt-to-equity ratio of 0.46. The firm has a 50 day moving average price of $46.94 and a 200 day moving average price of $50.34. The firm has a market cap of $8.61 billion, a P/E ratio of 8.59, a price-to-earnings-growth ratio of 1.60 and a beta of 0.63. Molson Coors Beverage has a 52 week low of $42.94 and a 52 week high of $64.66.

Molson Coors Beverage (NYSE:TAP) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.72 by ($0.05). The business had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $3.02 billion. Molson Coors Beverage had a return on equity of 8.61% and a net margin of 7.81%. Molson Coors Beverage has set its FY 2025 guidance at 5.360-5.360 EPS. Equities research analysts forecast that Molson Coors Beverage will post 6.35 earnings per share for the current fiscal year.

Institutional Trading of Molson Coors Beverage

A number of institutional investors and hedge funds have recently modified their holdings of TAP. Royal London Asset Management Ltd. increased 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 purchasing an additional 1,554,851 shares during the period. Sei Investments Co. increased its position in shares of Molson Coors Beverage by 71.3% during the second quarter. Sei Investments Co. now owns 438,373 shares of the company’s stock valued at $21,082,000 after purchasing an additional 182,495 shares during the period. Bank of America Corp DE increased its position in shares of Molson Coors Beverage by 14.2% during the second quarter. Bank of America Corp DE now owns 1,180,788 shares of the company’s stock valued at $56,784,000 after purchasing an additional 146,661 shares during the period. Brevan Howard Capital Management LP increased its position in shares of Molson Coors Beverage by 197.0% during the second quarter. Brevan Howard Capital Management LP now owns 208,323 shares of the company’s stock valued at $10,018,000 after purchasing an additional 138,186 shares during the period. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Molson Coors Beverage during the second quarter valued at approximately $6,298,000. 78.46% of the stock is currently owned by institutional investors.

Molson Coors Beverage Company Profile

Molson Coors Beverage Company manufactures, markets, and sells beer and other malt beverage products under various brands in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers flavored malt beverages including hard seltzers, craft, spirits and energy, and ready to drink beverages.