Wells Fargo & Company Cuts Molson Coors Beverage (NYSE:TAP) Price Target to $41.00

Posted by Brian Himes on Jul 8th, 2026

Molson Coors Beverage (NYSE:TAP – Get Free Report) had its target price decreased by stock analysts at Wells Fargo & Company from $43.00 to $41.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective points to a potential upside of 4.38% from the company’s current price.

A number of other equities analysts have also recently weighed in on the company. Wall Street Zen cut Molson Coors Beverage from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Jefferies Financial Group decreased their target price on shares of Molson Coors Beverage from $43.00 to $41.00 in a report on Friday, June 12th. UBS Group dropped their target price on shares of Molson Coors Beverage from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. Evercore cut their price target on shares of Molson Coors Beverage from $50.00 to $47.00 and set an “outperform” rating on the stock in a report on Tuesday, April 21st. Finally, Morgan Stanley reduced their price target on shares of Molson Coors Beverage from $52.00 to $46.00 and set an “equal weight” rating for the company in a research report on Monday, May 4th. Four equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Molson Coors Beverage has a consensus rating of “Hold” and an average price target of $44.76.

Check Out Our Latest Report on TAP

Molson Coors Beverage Price Performance

Shares of NYSE TAP opened at $39.28 on Wednesday. Molson Coors Beverage has a twelve month low of $38.04 and a twelve month high of $54.82. The company has a market capitalization of $7.37 billion, a price-to-earnings ratio of -3.69 and a beta of 0.42. The firm has a 50-day moving average of $40.75 and a two-hundred day moving average of $44.66. The company has a current ratio of 0.54, a quick ratio of 0.38 and a debt-to-equity ratio of 0.38.

Molson Coors Beverage (NYSE:TAP – Get Free Report) last posted its quarterly earnings results on Friday, May 1st. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.26. The company had revenue of $2.35 billion for the quarter, compared to analysts’ expectations 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 firm’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.50 earnings per share. As a group, analysts expect that Molson Coors Beverage will post 4.8 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Geoffrey E. Molson sold 1,245 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $42.50, for a total transaction of $52,912.50. Following the transaction, the director owned 9,871 shares of the company’s stock, valued at approximately $419,517.50. This trade represents a 11.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.27% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. GoalVest Advisory LLC acquired a new position in Molson Coors Beverage during the fourth quarter valued at approximately $25,000. SBI Securities Co. Ltd. boosted its holdings in shares of Molson Coors Beverage by 84.1% during the 4th quarter. SBI Securities Co. Ltd. now owns 534 shares of the company’s stock worth $25,000 after buying an additional 244 shares during the period. Basepoint Wealth LLC acquired a new position in Molson Coors Beverage in the 4th quarter valued at $26,000. Smartleaf Asset Management LLC raised its holdings in Molson Coors Beverage by 64.2% in the 2nd quarter. Smartleaf Asset Management LLC now owns 565 shares of the company’s stock worth $27,000 after acquiring an additional 221 shares during the period. Finally, Larson Financial Group LLC raised its holdings in Molson Coors Beverage by 551.1% in the 4th quarter. Larson Financial Group LLC now owns 612 shares of the company’s stock worth $29,000 after acquiring an additional 518 shares during the period. Institutional investors own 78.46% of the company’s stock.

About Molson Coors Beverage

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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.