Molson Coors Beverage (NYSE:TAP) Stock Gets Price Target Trim from JPMorgan Chase & Co.

Molson Coors Beverage (NYSE:TAP) had its price target trimmed by JPMorgan Chase & Co. from $42.00 to $41.00 in a research report sent to investors on Monday,Benzinga reports. The firm currently has a neutral rating on the stock.

TAP has been the topic of several other research reports. BNP Paribas Exane cut their target price on 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. Wells Fargo & Company decreased their price target on shares of Molson Coors Beverage from $41.00 to $38.00 and set an “equal weight” rating for the company in a research report on Monday, October 5th. Citigroup decreased their price target on shares of 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. TD Cowen cut their price objective on shares of Molson Coors Beverage from $43.00 to $37.00 and set a “hold” rating on the stock in a research report on Tuesday, October 13th. Finally, UBS Group increased their target price on shares of Molson Coors Beverage from $40.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $43.06.

Molson Coors Beverage Stock Down 0.8%

Shares of NYSE TAP opened at $39.13 on Monday. Molson Coors Beverage has a 12-month low of $35.52 and a 12-month high of $54.82. The stock’s fifty day simple moving average is $39.08 and its two-hundred day simple moving average is $42.59. The stock has a market capitalization of $8.20 billion, a PE ratio of -3.39 and a beta of 0.43. 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 (NYSE:TAP) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.51 by $0.07. The firm had revenue of $3.10 billion during 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 business’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.05 EPS. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. As a group, analysts expect that Molson Coors Beverage will post 4.78 EPS for the current fiscal year.

Institutional Investors Weigh In On Molson Coors Beverage

Institutional investors have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. grew its stake in shares of Molson Coors Beverage by 84.7% during the third quarter. SBI Securities Co. Ltd. now owns 992 shares of the company’s stock worth $36,000 after acquiring an additional 455 shares during the last quarter. CX Institutional raised its position in shares of Molson Coors Beverage by 496.8% in the 2nd quarter. CX Institutional now owns 1,325 shares of the company’s stock valued at $52,000 after purchasing an additional 1,103 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Molson Coors Beverage by 39.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,540 shares of the company’s stock valued at $66,000 after purchasing an additional 436 shares during the last quarter. Root Financial Partners LLC acquired a new stake in Molson Coors Beverage in the 3rd quarter worth approximately $86,000. Finally, Signaturefd LLC boosted its stake in Molson Coors Beverage by 71.0% in the 3rd quarter. Signaturefd LLC now owns 2,430 shares of the company’s stock worth $89,000 after purchasing an additional 1,009 shares in the last quarter. Institutional investors and hedge funds own 78.46% of the company’s stock.

Molson Coors Beverage Company Profile

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.