Molson Coors Beverage (NYSE:TAP) Given New $45.00 Price Target at UBS Group

Molson Coors Beverage (NYSE:TAP) had its price target decreased by equities research analysts at UBS Group from $50.00 to $45.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price objective would indicate a potential downside of 0.24% from the company’s current price.

A number of other equities analysts also recently commented on TAP. Jefferies Financial Group set a $45.00 target price on shares of Molson Coors Beverage 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. Bank of America downgraded shares of Molson Coors Beverage from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $50.00 to $42.00 in a research note on Wednesday, February 25th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Molson Coors Beverage in a research note on Friday, March 27th. Finally, Wells Fargo & Company reduced their target price on shares of Molson Coors Beverage from $54.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 19th. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and an average price target of $47.71.

Molson Coors Beverage Price Performance

TAP traded up $0.65 on Tuesday, reaching $45.11. 1,144,224 shares of the company’s stock were exchanged, compared to its average volume of 3,036,552. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.55 and a quick ratio of 0.42. The stock’s fifty day moving average price is $46.95 and its 200-day moving average price is $46.68. Molson Coors Beverage has a twelve month low of $41.04 and a twelve month high of $62.14. The stock has a market cap of $8.48 billion, a PE ratio of -4.15 and a beta of 0.50.

Molson Coors Beverage (NYSE:TAP) last issued its earnings results on Wednesday, February 18th. The company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates 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 $2.03 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same period in the previous year, the firm earned $1.30 earnings per share. Molson Coors Beverage’s quarterly revenue was down 2.7% 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 expect that Molson Coors Beverage will post 6.35 EPS for the current year.

Insider Activity

In related news, Director Andrew Thomas Molson purchased 2,000 shares of Molson Coors Beverage stock in a transaction dated Monday, March 9th. The shares were acquired at an average cost of $46.67 per share, with a total value of $93,340.00. Following the purchase, the director owned 24,654 shares of the company’s stock, valued at approximately $1,150,602.18. The trade was a 8.83% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.71% of the company’s stock.

Institutional Investors Weigh In On Molson Coors Beverage

A number of institutional investors and hedge funds have recently made changes to their positions in TAP. Dodge & Cox raised its stake 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 valued at $843,063,000 after acquiring an additional 4,235,029 shares during the period. Norges Bank acquired a new position in shares of Molson Coors Beverage in the fourth quarter valued at approximately $125,755,000. Goldman Sachs Group Inc. grew its holdings in shares of Molson Coors Beverage by 265.3% in 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 grew its holdings in shares of 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 purchasing an additional 1,693,682 shares in the last quarter. Finally, Royal London Asset Management Ltd. grew its holdings in shares of Molson Coors Beverage by 317.9% in 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 in the last quarter. 78.46% of the stock is owned by hedge funds and other institutional investors.

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.