Molson Coors Beverage (NYSE:TAP) Stock Gets Price Target Trim from Citigroup

Molson Coors Beverage (NYSE:TAP) had its target price cut by Citigroup from $42.00 to $40.00 in a report released on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other equities analysts have also recently weighed in on the company. Piper Sandler dropped their price objective on Molson Coors Beverage from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Friday, August 7th. UBS Group lifted their price objective on shares of Molson Coors Beverage from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. JPMorgan Chase & Co. upped their target price on shares of Molson Coors Beverage from $41.00 to $42.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. BNP Paribas Exane lowered their target price on shares of Molson Coors Beverage from $34.00 to $33.00 and set an “underperform” rating for the company in a report on Friday, September 18th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Molson Coors Beverage in a report on Monday, September 21st. Four research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, Molson Coors Beverage currently has an average rating of “Hold” and an average target price of $43.12.

Molson Coors Beverage Stock Performance

Shares of Molson Coors Beverage stock opened at $39.53 on Wednesday. The company has a market cap of $8.28 billion, a PE ratio of -3.43 and a beta of 0.43. Molson Coors Beverage has a 52 week low of $35.52 and a 52 week high of $54.82. The business has a 50 day moving average price of $39.34 and a 200-day moving average price of $40.74. The company has a quick ratio of 0.72, a current ratio of 0.88 and a debt-to-equity ratio of 0.55.

Molson Coors Beverage (NYSE:TAP) last posted its earnings results on Thursday, August 6th. The company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.07. The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.08 billion. Molson Coors Beverage had a positive return on equity of 9.46% and a negative net margin of 17.83%. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter last year, the company earned $2.05 earnings per share. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. Equities analysts anticipate that Molson Coors Beverage will post 4.79 earnings per share for the current fiscal year.

Institutional Trading of Molson Coors Beverage

Large investors have recently added to or reduced their stakes in the stock. CX Institutional boosted its stake in Molson Coors Beverage by 496.8% in the second quarter. CX Institutional now owns 1,325 shares of the company’s stock valued at $52,000 after acquiring an additional 1,103 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Molson Coors Beverage by 39.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,540 shares of the company’s stock worth $66,000 after purchasing an additional 436 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. increased its stake in shares of Molson Coors Beverage by 38.9% during the 1st quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 2,663 shares of the company’s stock worth $115,000 after purchasing an additional 746 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of Molson Coors Beverage by 237.6% in the 2nd quarter. IFP Advisors Inc now owns 2,981 shares of the company’s stock worth $116,000 after purchasing an additional 2,098 shares during the period. Finally, Rockefeller Capital Management L.P. raised its holdings in shares of Molson Coors Beverage by 18.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 3,449 shares of the company’s stock worth $161,000 after purchasing an additional 529 shares during the period. Hedge funds and other institutional investors 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.