Molson Coors Beverage Company (NYSE:TAP) Stock Has Average Price Target of $43.12

Molson Coors Beverage Company (NYSE:TAP) has received an average recommendation of “Reduce” from the nineteen brokerages that are covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $43.12.

A number of analysts have recently issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 price target on shares of Molson Coors Beverage in a research note on Friday, August 7th. Citigroup dropped their price target on Molson Coors Beverage from $42.00 to $40.00 and set a “neutral” rating for the company in a research report on Wednesday, October 14th. Piper Sandler reduced their price objective on 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. Wells Fargo & Company decreased their price objective on Molson Coors Beverage from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Monday, October 5th. Finally, BNP Paribas Exane lowered their target price on shares of Molson Coors Beverage from $34.00 to $33.00 and set an “underperform” rating on the stock in a research note on Friday, September 18th.

Hedge Funds Weigh In On Molson Coors Beverage

Hedge funds and other institutional investors have recently modified their holdings of the business. Signaturefd LLC boosted its position in Molson Coors Beverage by 71.0% during the third quarter. Signaturefd LLC now owns 2,430 shares of the company’s stock worth $89,000 after acquiring an additional 1,009 shares during the last quarter. Citizens Financial Group Inc. RI grew its stake in Molson Coors Beverage by 24.5% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 11,384 shares of the company’s stock valued at $415,000 after acquiring an additional 2,241 shares in the last quarter. Sowell Financial Services LLC grew its stake in Molson Coors Beverage by 6.5% during the 3rd quarter. Sowell Financial Services LLC now owns 31,879 shares of the company’s stock valued at $1,163,000 after acquiring an additional 1,935 shares in the last quarter. Evergreen Capital Management LLC acquired a new stake in Molson Coors Beverage in the 3rd quarter valued at about $207,000. Finally, Yousif Capital Management LLC raised its holdings in Molson Coors Beverage by 71.9% in the 3rd quarter. Yousif Capital Management LLC now owns 31,720 shares of the company’s stock valued at $1,157,000 after acquiring an additional 13,272 shares during the last quarter. 78.46% of the stock is owned by hedge funds and other institutional investors.

Molson Coors Beverage Stock Down 1.1%

TAP opened at $41.19 on Wednesday. Molson Coors Beverage has a twelve month low of $35.52 and a twelve month high of $54.82. The company has a quick ratio of 0.72, a current ratio of 0.88 and a debt-to-equity ratio of 0.55. The company has a 50-day moving average price of $39.16 and a 200 day moving average price of $40.63. The company has a market cap of $8.63 billion, a PE ratio of -3.57 and a beta of 0.43.

Molson Coors Beverage (NYSE:TAP) last issued its quarterly 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. Molson Coors Beverage had a negative net margin of 17.83% and a positive return on equity of 9.46%. The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same period last year, the company posted $2.05 EPS. Molson Coors Beverage’s quarterly revenue was down 3.3% 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 4.79 earnings per share for the current fiscal year.

About Molson Coors Beverage

Molson Coors Beverage Company is a global beverage company best known for brewing and marketing beer. Its portfolio includes widely recognized brands such as Coors, Coors Light, Miller Lite, Miller High Life, Molson Canadian, Carling, Blue Moon, Staropramen and Peroni Nastro Azzurro, along with hard seltzers, flavored alcoholic beverages and other adjacent products.

The company serves consumers through a broad network of breweries, distributors and retailers across North America, Europe and other international markets.