Molson Coors Beverage Company (TAP) to Issue Quarterly Dividend of $0.48 on March 20th

Molson Coors Beverage Company (NYSE:TAP) announced a quarterly dividend on Wednesday, February 18th. Investors of record on Friday, March 6th will be given a dividend of 0.48 per share on Friday, March 20th. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Friday, March 6th. This is a 2.1% increase from Molson Coors Beverage’s previous quarterly dividend of $0.47.

Molson Coors Beverage has raised its dividend by an average of 0.3%per year over the last three years and has increased its dividend every year for the last 4 years. Molson Coors Beverage has a payout ratio of 30.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Molson Coors Beverage to earn $6.77 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 28.4%.

Molson Coors Beverage Stock Performance

Shares of TAP opened at $48.06 on Wednesday. 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 0.42, a current ratio of 0.55 and a debt-to-equity ratio of 0.37. The firm has a market cap of $9.03 billion, a price-to-earnings ratio of -4.43 and a beta of 0.49. The business’s 50 day moving average is $49.07 and its two-hundred day moving average is $47.74.

Molson Coors Beverage (NYSE:TAP) last released its earnings results on Wednesday, February 18th. The company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.04. Molson Coors Beverage had a negative net margin of 16.41% and a positive return on equity of 9.04%. The company had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter in the previous year, the firm earned $1.30 EPS. The company’s revenue was down 2.7% on a year-over-year basis. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. Analysts forecast that Molson Coors Beverage will post 6.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TAP. Bank of America cut Molson Coors Beverage from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $50.00 to $42.00 in a research note on Wednesday, February 25th. Sanford C. Bernstein dropped their price target on Molson Coors Beverage from $54.00 to $50.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 5th. Piper Sandler reduced their price objective on Molson Coors Beverage from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Thursday, February 19th. Roth Mkm set a $58.00 target price on shares of Molson Coors Beverage in a research note on Thursday, February 19th. Finally, Jefferies Financial Group set a $45.00 price target on shares of Molson Coors Beverage in a research report on Thursday, February 19th. Five research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Molson Coors Beverage currently has an average rating of “Hold” and a consensus price target of $51.35.

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.