Molson Coors Beverage Company (NYSE:TAP) Receives $53.59 Average Target Price from Analysts

Molson Coors Beverage Company (NYSE:TAP) has earned an average recommendation of “Hold” from the seventeen ratings firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $53.5933.

A number of equities analysts have recently commented on the company. Wells Fargo & Company restated an “equal weight” rating and issued a $50.00 price objective (down from $53.00) on shares of Molson Coors Beverage in a report on Wednesday, November 19th. Zacks Research upgraded Molson Coors Beverage from a “strong sell” rating to a “hold” rating in a report on Friday, November 14th. Barclays lowered their target price on Molson Coors Beverage from $46.00 to $45.00 and set an “underweight” rating for the company in a research note on Thursday, November 6th. Piper Sandler decreased their price target on shares of Molson Coors Beverage from $52.00 to $50.00 and set a “neutral” rating for the company in a research report on Friday, November 21st. Finally, JPMorgan Chase & Co. started coverage on Molson Coors Beverage in a report on Wednesday, November 5th. They issued a “neutral” rating and a $49.00 price objective for the company.

Insiders Place Their Bets

In other Molson Coors Beverage news, Director Andrew Thomas Molson purchased 7,500 shares of Molson Coors Beverage stock in a transaction dated Monday, November 10th. The shares were bought at an average cost of $46.79 per share, for a total transaction of $350,925.00. Following the transaction, the director owned 22,654 shares in the company, valued at $1,059,980.66. This represents a 49.49% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David S. Coors purchased 2,245 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The stock was acquired at an average cost of $44.47 per share, with a total value of $99,835.15. Following the completion of the acquisition, the director directly owned 30,586 shares in the company, valued at approximately $1,360,159.42. This trade represents a 7.92% increase in their position. The disclosure for this purchase is available in the SEC filing. 2.71% of the stock is currently owned by corporate insiders.

Institutional Trading of Molson Coors Beverage

A number of institutional investors and hedge funds have recently made changes to their positions in TAP. Dodge & Cox lifted its holdings in shares of Molson Coors Beverage by 29.4% in the 3rd quarter. Dodge & Cox now owns 18,631,224 shares of the company’s stock worth $843,063,000 after purchasing an additional 4,235,029 shares during the last quarter. Norges Bank acquired a new stake in Molson Coors Beverage in the second quarter worth $134,289,000. State Street Corp lifted its stake in Molson Coors Beverage by 19.2% in 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. Royal London Asset Management Ltd. boosted its holdings 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 acquiring an additional 1,554,851 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Molson Coors Beverage by 22.9% during the third 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 during the period. 78.46% of the stock is currently owned by institutional investors and hedge funds.

Molson Coors Beverage Trading Up 0.2%

NYSE TAP opened at $46.44 on Thursday. The company has a market cap of $9.18 billion, a P/E ratio of -4.35 and a beta of 0.45. Molson Coors Beverage has a 12 month low of $42.94 and a 12 month high of $64.66. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.60 and a quick ratio of 0.45. The company has a 50-day moving average of $46.08 and a 200-day moving average of $47.90.

Molson Coors Beverage (NYSE:TAP) last issued its earnings results on Tuesday, November 4th. The company reported $1.67 earnings per share 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 firm had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $3.02 billion. Molson Coors Beverage has set its FY 2025 guidance at 5.360-5.360 EPS. As a group, equities analysts predict that Molson Coors Beverage will post 6.35 earnings per share for the current year.

Molson Coors Beverage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Friday, December 5th. Molson Coors Beverage’s payout ratio is currently -17.60%.

About Molson Coors Beverage

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.