Molson Coors Beverage Company (NYSE:TAP) Given Average Recommendation of “Hold” by Brokerages

Shares of Molson Coors Beverage Company (NYSE:TAP) have earned a consensus recommendation of “Hold” from the nineteen ratings firms that are covering the firm, MarketBeat reports. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $44.1765.

TAP has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft set a $41.00 price objective on Molson Coors Beverage in a report on Wednesday, July 22nd. Evercore decreased their target price on Molson Coors Beverage from $50.00 to $47.00 and set an “outperform” rating for the company in a research report on Tuesday, April 21st. BNP Paribas Exane lowered their price target on Molson Coors Beverage from $36.00 to $35.00 and set an “underperform” rating on the stock in a report on Wednesday, June 3rd. Piper Sandler reduced their price objective 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, Wall Street Zen lowered shares of Molson Coors Beverage from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th.

Insider Activity

In other news, Director Geoffrey E. Molson sold 1,245 shares of Molson Coors Beverage stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $42.50, for a total value of $52,912.50. Following the transaction, the director directly owned 9,871 shares in the company, valued at approximately $419,517.50. The trade was a 11.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.27% of the company’s stock.

Institutional Trading of Molson Coors Beverage

Several hedge funds have recently added to or reduced their stakes in the business. State Street Corp lifted its holdings in shares of Molson Coors Beverage by 19.2% during the third quarter. State Street Corp now owns 10,516,810 shares of the company’s stock worth $475,886,000 after buying an additional 1,693,682 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Molson Coors Beverage by 10.4% in the first quarter. Dimensional Fund Advisors LP now owns 8,363,157 shares of the company’s stock worth $360,117,000 after acquiring an additional 790,314 shares during the last quarter. Invesco Ltd. grew its stake in shares of Molson Coors Beverage by 1.2% in the fourth 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 during the last quarter. Bank of New York Mellon Corp increased its position in Molson Coors Beverage by 16.4% during the first quarter. Bank of New York Mellon Corp now owns 3,326,427 shares of the company’s stock worth $143,236,000 after acquiring an additional 469,607 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in Molson Coors Beverage by 265.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,922,022 shares of the company’s stock valued at $136,400,000 after purchasing an additional 2,122,085 shares during the last quarter. Institutional investors own 78.46% of the company’s stock.

Molson Coors Beverage Price Performance

Shares of TAP opened at $41.99 on Friday. The firm has a market cap of $7.88 billion, a PE ratio of -3.64 and a beta of 0.42. The firm’s 50 day moving average price is $40.48 and its 200 day moving average price is $43.50. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.72 and a current ratio of 0.88. Molson Coors Beverage has a twelve month low of $38.04 and a twelve month high of $54.82.

Molson Coors Beverage (NYSE:TAP) last posted its 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. Molson Coors Beverage had a negative net margin of 17.83% and a positive return on equity of 9.46%. The company had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.08 billion. During the same period in the previous year, the firm posted $2.05 earnings per share. The company’s revenue for the quarter 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. As a group, research analysts expect that Molson Coors Beverage will post 4.82 EPS for the current fiscal year.

Molson Coors Beverage Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, August 28th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Friday, August 28th. Molson Coors Beverage’s dividend payout ratio is -16.64%.

About Molson Coors Beverage

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.