Molson Coors Beverage (NYSE:TAP) Given Underperform Rating at BNP Paribas Exane

Molson Coors Beverage (NYSE:TAP)‘s stock had its “underperform” rating reissued by investment analysts at BNP Paribas Exane in a research report issued to clients and investors on Friday. They presently have a $40.00 price target on the stock. BNP Paribas Exane’s target price would suggest a potential downside of 20.96% from the stock’s previous close.

A number of other analysts have also issued reports on the company. Weiss Ratings reissued a “sell (d)” rating on shares of Molson Coors Beverage in a research report on Monday, December 29th. The Goldman Sachs Group cut their price objective on Molson Coors Beverage from $67.00 to $57.00 and set a “buy” rating on the stock in a report on Thursday, October 2nd. Citigroup decreased their target price on Molson Coors Beverage from $51.00 to $49.00 and set a “neutral” rating on the stock in a research note on Thursday, October 9th. Zacks Research raised Molson Coors Beverage from a “strong sell” rating to a “hold” rating in a research report on Friday, November 14th. Finally, Evercore ISI cut their price target 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. Five research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $52.17.

Molson Coors Beverage Trading Up 0.2%

NYSE TAP opened at $50.61 on Friday. 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 $10.00 billion, a P/E ratio of -4.74 and a beta of 0.45. The firm’s 50-day moving average is $46.85 and its two-hundred day moving average is $47.78. Molson Coors Beverage has a 12 month low of $42.94 and a 12 month high of $64.66.

Molson Coors Beverage (NYSE:TAP) last released its quarterly earnings results 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). Molson Coors Beverage had a negative net margin of 15.89% and a positive return on equity of 8.78%. The company had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $3.02 billion. Molson Coors Beverage has set its FY 2025 guidance at 5.360-5.360 EPS. On average, sell-side analysts anticipate that Molson Coors Beverage will post 6.35 earnings per share for the current year.

Insider Activity

In other news, Director Andrew Thomas Molson bought 7,500 shares of Molson Coors Beverage stock in a transaction that occurred on Monday, November 10th. The shares were purchased at an average price of $46.79 per share, with a total value of $350,925.00. Following the completion of the acquisition, the director directly owned 22,654 shares in the company, valued at $1,059,980.66. The trade was a 49.49% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David S. Coors purchased 2,245 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The stock was purchased at an average price of $44.47 per share, with a total value of $99,835.15. Following the purchase, the director directly 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. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 2.71% of the company’s stock.

Institutional Investors Weigh In On Molson Coors Beverage

A number of hedge funds and other institutional investors have recently modified their holdings of TAP. Tema Etfs LLC acquired a new position in shares of Molson Coors Beverage during the fourth quarter worth $124,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in Molson Coors Beverage during the 4th quarter worth about $283,000. Victory Financial Group LLC boosted its position in shares of Molson Coors Beverage by 82.3% during the 4th quarter. Victory Financial Group LLC now owns 10,173 shares of the company’s stock worth $475,000 after acquiring an additional 4,592 shares in the last quarter. Foster & Motley Inc. boosted its position in shares of Molson Coors Beverage by 28.6% during the 4th quarter. Foster & Motley Inc. now owns 68,398 shares of the company’s stock worth $3,193,000 after acquiring an additional 15,201 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Molson Coors Beverage by 4.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 7,284 shares of the company’s stock valued at $345,000 after acquiring an additional 297 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.