Molson Coors Beverage (NYSE:TAP) Reaches New 12-Month Low – Here’s What Happened

Shares of Molson Coors Beverage Company (NYSE:TAP) reached a new 52-week low during trading on Thursday . The company traded as low as $37.85 and last traded at $38.08, with a volume of 124617 shares traded. The stock had previously closed at $38.48.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. BNP Paribas Exane decreased their price objective on shares of Molson Coors Beverage from $36.00 to $35.00 and set an “underperform” rating on the stock in a report on Wednesday, June 3rd. Citigroup cut their target price on shares of Molson Coors Beverage from $47.00 to $42.00 and set a “neutral” rating for the company in a research note on Tuesday, July 14th. Sanford C. Bernstein reduced their target price on shares of Molson Coors Beverage from $74.00 to $45.00 and set a “market perform” rating for the company in a report on Tuesday, May 26th. Wells Fargo & Company decreased their price target on shares of Molson Coors Beverage from $43.00 to $41.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 8th. Finally, Jefferies Financial Group lowered their price target on shares of Molson Coors Beverage from $43.00 to $41.00 in a report on Friday, June 12th. Four equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $44.18.

Molson Coors Beverage Stock Down 0.6%

The company has a current ratio of 0.88, a quick ratio of 0.72 and a debt-to-equity ratio of 0.55. The stock has a market cap of $7.17 billion, a P/E ratio of -3.31 and a beta of 0.42. The firm has a 50-day simple moving average of $41.03 and a two-hundred day simple moving average of $42.14.

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, topping analysts’ consensus estimates of $1.51 by $0.07. The company had revenue of $3.10 billion during the quarter, compared to the consensus estimate 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 was down 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.05 earnings per share. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. Equities research analysts expect that Molson Coors Beverage Company will post 4.81 earnings per share for the current fiscal year.

Molson Coors Beverage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, August 28th will be paid a $0.48 dividend. The ex-dividend date is Friday, August 28th. This represents a $1.92 annualized dividend and a yield of 5.0%. Molson Coors Beverage’s payout ratio is -16.64%.

Institutional Trading of Molson Coors Beverage

A number of institutional investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. grew its position in shares of Molson Coors Beverage by 84.1% during the 4th quarter. SBI Securities Co. Ltd. now owns 534 shares of the company’s stock worth $25,000 after purchasing an additional 244 shares in the last quarter. Basepoint Wealth LLC acquired a new stake in shares of Molson Coors Beverage in the fourth quarter valued at approximately $26,000. Smartleaf Asset Management LLC raised its position in shares of Molson Coors Beverage by 64.2% in the second quarter. Smartleaf Asset Management LLC now owns 565 shares of the company’s stock valued at $27,000 after buying an additional 221 shares in the last quarter. Larson Financial Group LLC boosted its stake in shares of Molson Coors Beverage by 551.1% in the fourth quarter. Larson Financial Group LLC now owns 612 shares of the company’s stock valued at $29,000 after buying an additional 518 shares during the period. Finally, Clearstead Advisors LLC boosted its stake in shares of Molson Coors Beverage by 223.0% in the fourth quarter. Clearstead Advisors LLC now owns 659 shares of the company’s stock valued at $31,000 after buying an additional 455 shares during the period. Institutional investors own 78.46% of the company’s stock.

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.