Molson Coors Beverage’s (TAP) Underperform Rating Reiterated at BNP Paribas Exane

BNP Paribas Exane reissued their underperform rating on shares of Molson Coors Beverage (NYSE:TAP) in a research note issued to investors on Friday, Marketbeat Ratings reports. They currently have a $40.00 price target on the stock.

Other analysts have also recently issued research reports about the stock. BNP Paribas cut shares of Molson Coors Beverage from a “hold” rating to a “strong sell” rating and set a $40.00 price target on the stock. in a research report on Friday. JPMorgan Chase & Co. started coverage on shares of Molson Coors Beverage in a report on Wednesday, November 5th. They set a “neutral” rating and a $49.00 target price on the stock. Sanford C. Bernstein dropped their price target on shares of Molson Coors Beverage from $54.00 to $50.00 and set a “market perform” rating for the company in a research note on Wednesday, November 5th. Roth Capital reiterated a “buy” rating and issued a $65.00 price objective (down from $67.00) on shares of Molson Coors Beverage in a research note on Wednesday, November 5th. Finally, Jefferies Financial Group decreased their target price on Molson Coors Beverage from $51.00 to $48.00 and set a “hold” rating for the company in a report on Tuesday, November 4th. Five research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $52.41.

Molson Coors Beverage Trading Down 3.3%

TAP opened at $48.95 on Friday. Molson Coors Beverage has a 52 week low of $42.94 and a 52 week high of $64.66. 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 business has a fifty day simple moving average of $46.90 and a 200-day simple moving average of $47.77. The firm has a market cap of $9.67 billion, a P/E ratio of -4.58 and a beta of 0.45.

Molson Coors Beverage (NYSE:TAP) last posted its earnings results on Tuesday, November 4th. The company reported $1.67 earnings per share (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 firm 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 analysts expect that Molson Coors Beverage will post 6.35 earnings per share for the current year.

Molson Coors Beverage Dividend Announcement

The firm 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 was Friday, December 5th. This represents a $1.88 dividend on an annualized basis and a yield of 3.8%. Molson Coors Beverage’s dividend payout ratio (DPR) is currently -17.60%.

Insider Activity

In other Molson Coors Beverage news, Director Andrew Thomas Molson acquired 7,500 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were acquired at an average price of $46.79 per share, for a total transaction of $350,925.00. Following the acquisition, the director owned 22,654 shares in the company, valued at $1,059,980.66. The trade was a 49.49% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David S. Coors bought 2,245 shares of the business’s stock in a transaction dated Wednesday, November 5th. The shares were acquired at an average cost of $44.47 per share, for a total transaction of $99,835.15. Following the transaction, the director directly owned 30,586 shares in the company, valued at approximately $1,360,159.42. This represents a 7.92% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 2.71% of the company’s stock.

Institutional Trading of Molson Coors Beverage

Several institutional investors have recently modified their holdings of the stock. Caxton Associates LLP acquired a new stake in Molson Coors Beverage during the 1st quarter worth $202,000. United Services Automobile Association acquired a new stake in shares of Molson Coors Beverage during the first quarter worth about $215,000. Woodline Partners LP lifted its holdings in shares of Molson Coors Beverage by 38.7% in the 1st quarter. Woodline Partners LP now owns 14,546 shares of the company’s stock valued at $885,000 after purchasing an additional 4,056 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Molson Coors Beverage by 32.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 800 shares of the company’s stock valued at $49,000 after purchasing an additional 198 shares during the last quarter. Finally, Voya Investment Management LLC boosted its position in shares of Molson Coors Beverage by 0.9% in the 1st quarter. Voya Investment Management LLC now owns 54,875 shares of the company’s stock valued at $3,340,000 after purchasing an additional 465 shares during the period. 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 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.