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

Shares of Molson Coors Beverage Company (NYSE:TAP) have earned a consensus rating of “Hold” from the seventeen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $53.5933.

A number of equities research analysts have issued reports on the stock. Evercore ISI reduced their price objective on shares of Molson Coors Beverage from $53.00 to $50.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 5th. The Goldman Sachs Group reduced their price target on shares of Molson Coors Beverage from $67.00 to $57.00 and set a “buy” rating on the stock in a research report on Thursday, October 2nd. UBS Group decreased their price objective on shares of Molson Coors Beverage from $49.00 to $47.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 5th. Sanford C. Bernstein lowered their price objective on shares of Molson Coors Beverage from $54.00 to $50.00 and set a “market perform” rating for the company in a research report on Wednesday, November 5th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $50.00 target price (down previously from $53.00) on shares of Molson Coors Beverage in a report on Wednesday, November 19th.

Molson Coors Beverage Price Performance

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

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

Molson Coors Beverage Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were paid a $0.47 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $1.88 annualized dividend and a yield of 4.1%. Molson Coors Beverage’s dividend payout ratio (DPR) is -17.60%.

Insider Transactions at Molson Coors Beverage

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its position in Molson Coors Beverage by 20.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,036,110 shares of the company’s stock worth $49,828,000 after buying an additional 175,587 shares during the period. Swiss National Bank raised its stake in shares of Molson Coors Beverage by 5.5% during the second quarter. Swiss National Bank now owns 537,600 shares of the company’s stock valued at $25,853,000 after acquiring an additional 27,900 shares during the last quarter. Jump Financial LLC raised its stake in shares of Molson Coors Beverage by 205.4% during the first quarter. Jump Financial LLC now owns 24,307 shares of the company’s stock valued at $1,480,000 after acquiring an additional 16,349 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Molson Coors Beverage by 79.8% during the second quarter. Signaturefd LLC now owns 2,861 shares of the company’s stock worth $138,000 after purchasing an additional 1,270 shares during the period. Finally, Gamco Investors INC. ET AL grew its stake in shares of Molson Coors Beverage by 182.1% in the second quarter. Gamco Investors INC. ET AL now owns 84,290 shares of the company’s stock worth $4,054,000 after purchasing an additional 54,410 shares during the last quarter. 78.46% of the stock is currently owned by institutional investors and hedge funds.

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.