Shares of Molson Coors Beverage Company (NYSE:TAP – Get Free Report) have been assigned an average rating of “Hold” from the nineteen research firms that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $44.8824.
A number of brokerages have recently commented on TAP. Bank of America lowered Molson Coors Beverage from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $50.00 to $42.00 in a report on Wednesday, February 25th. Morgan Stanley lowered their price target on Molson Coors Beverage from $52.00 to $46.00 and set an “equal weight” rating on the stock in a report on Monday, May 4th. Barclays lowered their price target on Molson Coors Beverage from $43.00 to $41.00 and set an “underweight” rating on the stock in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $42.00 price target on shares of Molson Coors Beverage in a report on Friday, May 1st. Finally, Needham & Company LLC lowered their price target on Molson Coors Beverage from $52.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, May 1st.
Get Our Latest Analysis on TAP
Insiders Place Their Bets
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. GoalVest Advisory LLC bought a new position in Molson Coors Beverage during the fourth quarter valued at about $25,000. SBI Securities Co. Ltd. boosted its stake in Molson Coors Beverage by 84.1% during the fourth quarter. SBI Securities Co. Ltd. now owns 534 shares of the company’s stock valued at $25,000 after buying an additional 244 shares in the last quarter. Basepoint Wealth LLC bought a new position in Molson Coors Beverage during the fourth quarter valued at about $26,000. Smartleaf Asset Management LLC boosted its stake in Molson Coors Beverage by 64.2% during the second quarter. Smartleaf Asset Management LLC now owns 565 shares of the company’s stock valued at $27,000 after buying an additional 221 shares in the last quarter. Finally, Larson Financial Group LLC boosted its stake in Molson Coors Beverage by 551.1% during the fourth quarter. Larson Financial Group LLC now owns 612 shares of the company’s stock valued at $29,000 after buying an additional 518 shares in the last quarter. Institutional investors own 78.46% of the company’s stock.
Molson Coors Beverage Price Performance
Shares of TAP opened at $40.59 on Thursday. The firm has a market capitalization of $7.61 billion, a price-to-earnings ratio of -3.81 and a beta of 0.41. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.38 and a current ratio of 0.54. Molson Coors Beverage has a one year low of $38.04 and a one year high of $54.82. The stock’s fifty day moving average is $41.46 and its 200-day moving average is $45.11.
Molson Coors Beverage (NYSE:TAP – Get Free Report) last issued its quarterly earnings results on Friday, May 1st. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.26. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.33 billion. Molson Coors Beverage had a positive return on equity of 9.79% and a negative net margin of 16.14%.The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the company earned $0.50 earnings per share. Equities analysts anticipate that Molson Coors Beverage will post 4.8 EPS for the current year.
Molson Coors Beverage Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $1.92 annualized dividend and a yield of 4.7%. Molson Coors Beverage’s dividend payout ratio (DPR) is currently -18.05%.
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.
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