Molson Coors Beverage Company (NYSE:TAP – Get Free Report) has earned an average rating of “Hold” from the nineteen analysts that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $45.7059.
TAP has been the subject of a number of recent research reports. UBS Group decreased their price objective on Molson Coors Beverage from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $42.00 price objective on shares of Molson Coors Beverage in a research report on Friday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Molson Coors Beverage in a research report on Friday, March 27th. Bank of America cut Molson Coors Beverage from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $50.00 to $42.00 in a research report on Wednesday, February 25th. Finally, BNP Paribas Exane cut Molson Coors Beverage from a “hold” rating to a “strong sell” rating and set a $40.00 price objective for the company. in a research report on Friday, January 16th.
Check Out Our Latest Stock Analysis on Molson Coors Beverage
Molson Coors Beverage Stock Up 3.6%
Molson Coors Beverage (NYSE:TAP – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.26. Molson Coors Beverage had a positive return on equity of 9.79% and a negative net margin of 16.14%.The firm had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter last year, the business posted $0.50 EPS. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. Research analysts expect that Molson Coors Beverage will post 4.73 earnings per share for the current fiscal year.
Molson Coors Beverage Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, March 6th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Friday, March 6th. This is a positive change from Molson Coors Beverage’s previous quarterly dividend of $0.47. This represents a $1.92 annualized dividend and a yield of 4.5%. Molson Coors Beverage’s dividend payout ratio (DPR) is -18.05%.
Insiders Place Their Bets
In related news, Director Andrew Thomas Molson purchased 2,000 shares of the company’s stock in a transaction on Monday, March 9th. The stock was bought at an average price of $46.67 per share, with a total value of $93,340.00. Following the completion of the transaction, the director owned 24,654 shares of the company’s stock, valued at approximately $1,150,602.18. This represents a 8.83% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.27% of the company’s stock.
Hedge Funds Weigh In On Molson Coors Beverage
Several hedge funds have recently bought and sold shares of TAP. Root Financial Partners LLC purchased a new position in Molson Coors Beverage during the third quarter worth $25,000. GoalVest Advisory LLC purchased a new position in Molson Coors Beverage during the fourth quarter worth $25,000. SBI Securities Co. Ltd. increased its position in Molson Coors Beverage by 84.1% during the fourth quarter. SBI Securities Co. Ltd. now owns 534 shares of the company’s stock worth $25,000 after buying an additional 244 shares in the last quarter. Basepoint Wealth LLC purchased a new position in Molson Coors Beverage during the fourth quarter worth $26,000. Finally, Smartleaf Asset Management LLC increased its position in Molson Coors Beverage by 64.2% during the second quarter. Smartleaf Asset Management LLC now owns 565 shares of the company’s stock worth $27,000 after buying an additional 221 shares in the last quarter. Hedge funds and other institutional investors own 78.46% of the company’s stock.
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.
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