Barclays Cuts Molson Coors Beverage (NYSE:TAP) Price Target to $40.00

Molson Coors Beverage (NYSE:TAP) had its price objective cut by Barclays from $47.00 to $40.00 in a report issued on Wednesday morning,Benzinga reports. They currently have an underweight rating on the stock.

Several other equities analysts have also recently issued reports on TAP. Roth Mkm set a $58.00 price objective on Molson Coors Beverage in a research note on Thursday, February 19th. Zacks Research lowered shares of Molson Coors Beverage from a “hold” rating to a “strong sell” rating in a research note on Friday, February 20th. Wells Fargo & Company decreased their price target on shares of Molson Coors Beverage from $54.00 to $52.00 and set an “equal weight” rating for the company in a research note on Thursday, February 19th. BNP Paribas Exane cut shares of Molson Coors Beverage from a “hold” rating to a “strong sell” rating and set a $40.00 price target for the company. in a report on Friday, January 16th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Molson Coors Beverage in a research report on Monday, December 29th. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $50.82.

Molson Coors Beverage Stock Up 3.6%

Shares of NYSE TAP opened at $43.41 on Wednesday. The stock has a market cap of $8.16 billion, a P/E ratio of -4.00 and a beta of 0.49. The company has a current ratio of 0.55, a quick ratio of 0.42 and a debt-to-equity ratio of 0.37. Molson Coors Beverage has a 12-month low of $41.04 and a 12-month high of $63.50. The business’s fifty day simple moving average is $47.68 and its 200-day simple moving average is $46.89.

Molson Coors Beverage (NYSE:TAP) last released its earnings results on Wednesday, February 18th. The company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.17 by $0.04. Molson Coors Beverage had a positive return on equity of 9.04% and a negative net margin of 16.41%.The firm had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2.71 billion. During the same period in the previous year, the firm posted $1.30 EPS. Molson Coors Beverage’s revenue for the quarter was down 2.7% on a year-over-year basis. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. As a group, equities analysts predict that Molson Coors Beverage will post 6.35 EPS for the current fiscal year.

Molson Coors Beverage Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Friday, March 6th were given a dividend of $0.48 per share. This is a boost from Molson Coors Beverage’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Friday, March 6th. This represents a $1.92 annualized dividend and a dividend yield of 4.4%. Molson Coors Beverage’s dividend payout ratio is -17.70%.

Insiders Place Their Bets

In other Molson Coors Beverage news, Director Andrew Thomas Molson bought 2,000 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The stock was purchased at an average price of $46.67 per share, for a total transaction of $93,340.00. Following the completion of the purchase, the director directly owned 24,654 shares in the company, valued at $1,150,602.18. This trade represents a 8.83% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.71% of the stock is currently owned by insiders.

Institutional Trading of Molson Coors Beverage

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dodge & Cox lifted its position in shares of Molson Coors Beverage by 29.4% during the 3rd quarter. Dodge & Cox now owns 18,631,224 shares of the company’s stock worth $843,063,000 after buying an additional 4,235,029 shares during the last quarter. State Street Corp grew its position in shares of Molson Coors Beverage by 19.2% in the 3rd quarter. State Street Corp now owns 10,516,810 shares of the company’s stock valued at $475,886,000 after buying an additional 1,693,682 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Molson Coors Beverage by 17.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,572,843 shares of the company’s stock valued at $353,502,000 after buying an additional 1,147,800 shares during the last quarter. Invesco Ltd. raised its stake in Molson Coors Beverage by 1.2% during the 4th quarter. Invesco Ltd. now owns 4,485,000 shares of the company’s stock worth $209,360,000 after acquiring an additional 54,456 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in 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 acquiring an additional 2,122,085 shares during 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 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.