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

Molson Coors Beverage Company (NYSE:TAP) has been assigned a consensus rating of “Hold” from the seventeen research firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $53.5933.

A number of equities research analysts recently issued reports on the stock. Sanford C. Bernstein decreased their price target on shares of Molson Coors Beverage from $54.00 to $50.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 5th. The Goldman Sachs Group reduced their target price on shares of Molson Coors Beverage from $67.00 to $57.00 and set a “buy” rating on the stock in a report on Thursday, October 2nd. Needham & Company LLC lowered their price target on shares of Molson Coors Beverage from $58.00 to $54.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Evercore ISI dropped their price target on Molson Coors Beverage from $53.00 to $50.00 and set an “outperform” rating for the company in a research report on Wednesday, November 5th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Molson Coors Beverage in a research note on Monday.

Insider Buying and Selling at Molson Coors Beverage

In other news, Director David S. Coors bought 2,245 shares of the stock in a transaction dated Wednesday, November 5th. The stock was purchased at an average price of $44.47 per share, for a total transaction of $99,835.15. Following the acquisition, the director owned 30,586 shares of the company’s stock, valued at $1,360,159.42. The trade was a 7.92% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Andrew Thomas Molson purchased 7,500 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The shares were purchased at an average cost of $46.79 per share, with a total value of $350,925.00. Following the completion of the purchase, the director owned 22,654 shares in the company, valued at $1,059,980.66. This trade represents a 49.49% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 2.71% of the company’s stock.

Institutional Trading of Molson Coors Beverage

Several institutional investors have recently added to or reduced their stakes in TAP. Root Financial Partners LLC purchased a new position in shares of Molson Coors Beverage during the third quarter valued at approximately $25,000. Clearstead Trust LLC lifted its stake in shares of Molson Coors Beverage by 952.8% during the 2nd quarter. Clearstead Trust LLC now owns 558 shares of the company’s stock worth $27,000 after acquiring an additional 505 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in Molson Coors Beverage by 64.2% during the 2nd quarter. Smartleaf Asset Management LLC now owns 565 shares of the company’s stock valued at $27,000 after acquiring an additional 221 shares during the period. IFP Advisors Inc boosted its holdings in Molson Coors Beverage by 134.2% during the 3rd quarter. IFP Advisors Inc now owns 787 shares of the company’s stock valued at $38,000 after acquiring an additional 451 shares during the period. Finally, Geneos Wealth Management Inc. grew its position in Molson Coors Beverage by 32.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 800 shares of the company’s stock valued at $49,000 after acquiring an additional 198 shares during the last quarter. Institutional investors own 78.46% of the company’s stock.

Molson Coors Beverage Trading Up 0.7%

Shares of TAP stock opened at $46.33 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.45 and a current ratio of 0.60. The stock has a fifty day simple moving average of $46.11 and a two-hundred day simple moving average of $47.98. The firm has a market capitalization of $9.16 billion, a PE ratio of -4.34 and a beta of 0.45. Molson Coors Beverage has a 52-week low of $42.94 and a 52-week high of $64.66.

Molson Coors Beverage (NYSE:TAP) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.05). The company had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $3.02 billion. Molson Coors Beverage had a negative net margin of 15.89% and a positive return on equity of 8.78%. Molson Coors Beverage has set its FY 2025 guidance at 5.360-5.360 EPS. On average, analysts predict that Molson Coors Beverage will post 6.35 EPS for the current fiscal year.

Molson Coors Beverage Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $1.88 annualized dividend and a dividend yield of 4.1%. Molson Coors Beverage’s payout ratio is currently -17.60%.

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.