Molson Coors Beverage Company (NYSE:TAP) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Molson Coors Beverage Company (NYSE:TAP) have received a consensus recommendation of “Hold” from the nineteen research firms that are presently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $44.06.

A number of equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft set a $41.00 price target on Molson Coors Beverage in a research note on Wednesday, July 22nd. Needham & Company LLC restated a “buy” rating and issued a $50.00 price objective on shares of Molson Coors Beverage in a report on Friday, August 7th. BNP Paribas Exane cut their price objective on shares of Molson Coors Beverage from $34.00 to $33.00 and set an “underperform” rating on the stock in a research report on Friday, September 18th. Piper Sandler reduced their target price on shares of Molson Coors Beverage from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Friday, August 7th. Finally, Wells Fargo & Company reduced their target price on shares of Molson Coors Beverage from $43.00 to $41.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 8th.

Molson Coors Beverage Price Performance

Shares of NYSE:TAP opened at $36.81 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.72 and a debt-to-equity ratio of 0.55. Molson Coors Beverage has a 1 year low of $35.52 and a 1 year high of $54.82. The business has a fifty day simple moving average of $40.19 and a 200 day simple moving average of $41.02. The firm has a market cap of $6.90 billion, a price-to-earnings ratio of -3.19 and a beta of 0.43.

Molson Coors Beverage (NYSE:TAP) last released its quarterly earnings data on Thursday, August 6th. The company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.07. Molson Coors Beverage had a positive return on equity of 9.46% and a negative net margin of 17.83%.The firm had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.08 billion. During the same quarter last year, the firm earned $2.05 earnings per share. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. As a group, sell-side analysts predict that Molson Coors Beverage will post 4.81 earnings per share for the current fiscal year.

Molson Coors Beverage Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, August 28th were issued a dividend of $0.48 per share. The ex-dividend date was Friday, August 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 5.2%. Molson Coors Beverage’s dividend payout ratio (DPR) is currently -16.64%.

Institutional Investors Weigh In On Molson Coors Beverage

Several institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank bought a new position in Molson Coors Beverage in the 4th quarter worth $125,755,000. Goldman Sachs Group Inc. boosted its holdings in Molson Coors Beverage by 265.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,922,022 shares of the company’s stock valued at $136,400,000 after acquiring an additional 2,122,085 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Molson Coors Beverage by 152.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,531,145 shares of the company’s stock valued at $118,154,000 after acquiring an additional 1,528,004 shares during the period. Nykredit A S acquired a new stake in shares of Molson Coors Beverage in the second quarter valued at about $58,423,000. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Molson Coors Beverage by 13,331.1% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 900,692 shares of the company’s stock valued at $42,044,000 after purchasing an additional 893,986 shares during the last quarter. Institutional investors and hedge funds own 78.46% of the company’s stock.

About Molson Coors Beverage

Molson Coors Beverage Company is a global brewer that produces, markets and distributes beer and other beverage products. Its portfolio includes well-known brands such as Coors, Miller, Molson, Coors Light, Miller Lite, Blue Moon, Leinenkugel’s, Carling, Staropramen and Peroni Nastro Azzurro, along with a range of craft, premium, flavored and non-alcoholic beverages.

The company serves consumers through retail, hospitality and other distribution channels across North America, Europe and selected international markets.