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

Shares of Molson Coors Beverage Company (NYSE:TAP) have been assigned an average rating of “Hold” from the nineteen research firms that are currently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $52.4059.

A number of brokerages have issued reports on TAP. JPMorgan Chase & Co. initiated coverage on shares of Molson Coors Beverage in a research report on Wednesday, November 5th. They set a “neutral” rating and a $49.00 target price on the stock. Wells Fargo & Company reiterated an “equal weight” rating and issued a $50.00 price target (down from $53.00) on shares of Molson Coors Beverage in a research note on Wednesday, November 19th. Evercore ISI lowered their price objective on 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. Needham & Company LLC cut their target price on Molson Coors Beverage from $58.00 to $54.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Finally, Piper Sandler reduced their target price on Molson Coors Beverage from $52.00 to $50.00 and set a “neutral” rating on the stock in a report on Friday, November 21st.

Insider Activity at Molson Coors Beverage

In other news, Director Andrew Thomas Molson acquired 7,500 shares of the stock in a transaction on Monday, November 10th. The stock was acquired at an average cost of $46.79 per share, for a total transaction of $350,925.00. Following the completion of the transaction, the director directly owned 22,654 shares in the company, valued at approximately $1,059,980.66. This trade represents a 49.49% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David S. Coors bought 2,245 shares of the business’s stock in a transaction on Wednesday, November 5th. The shares were acquired at an average price of $44.47 per share, with a total value of $99,835.15. Following the completion of the purchase, the director directly owned 30,586 shares of the company’s stock, valued at approximately $1,360,159.42. The trade was a 7.92% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 2.71% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Molson Coors Beverage

A number of institutional investors have recently modified their holdings of the business. Dodge & Cox grew its position in Molson Coors Beverage by 29.4% in the third quarter. Dodge & Cox now owns 18,631,224 shares of the company’s stock valued at $843,063,000 after acquiring an additional 4,235,029 shares during the last quarter. Norges Bank acquired a new stake in shares of Molson Coors Beverage in the 2nd quarter valued at approximately $134,289,000. State Street Corp boosted its stake 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 purchasing an additional 1,693,682 shares in the last quarter. Royal London Asset Management Ltd. grew its holdings in shares of Molson Coors Beverage by 317.9% during the 2nd quarter. Royal London Asset Management Ltd. now owns 2,044,028 shares of the company’s stock valued at $98,297,000 after purchasing an additional 1,554,851 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Molson Coors Beverage by 22.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,425,043 shares of the company’s stock worth $290,741,000 after purchasing an additional 1,195,249 shares in the last quarter. Institutional investors and hedge funds own 78.46% of the company’s stock.

Molson Coors Beverage Stock Down 3.3%

TAP stock opened at $48.95 on Monday. Molson Coors Beverage has a fifty-two week low of $42.94 and a fifty-two week high of $64.66. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.60 and a quick ratio of 0.45. The stock has a market capitalization of $9.67 billion, a price-to-earnings ratio of -4.58 and a beta of 0.45. The business’s fifty day moving average price is $46.90 and its two-hundred day moving average price is $47.77.

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

Molson Coors Beverage Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Friday, December 5th. Molson Coors Beverage’s dividend payout ratio (DPR) 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.