Molson Coors Beverage (NYSE:TAP) Cut to "Strong Sell" at Zacks Research

Key Points

• Zacks Research downgraded Molson Coors Beverage from “hold” to “strong sell,” while the broader analyst consensus is “reduce,” with an average price target of $43.12.
• Shares opened at $40.25 and were up 2.3%; the stock has traded between $35.52 and $54.82 over the past year.
• Molson Coors beat quarterly earnings expectations with $1.58 in EPS versus $1.51 forecast and $3.10 billion in revenue, though revenue fell 3.3% year over year and the company reported a negative net margin.

Molson Coors Beverage (NYSE:TAP - Get Free Report) was downgraded by equities research analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a report released on Monday, Zacks reports.

TAP has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft set a $41.00 price objective on Molson Coors Beverage in a research note on Wednesday, July 22nd. Barclays decreased their target price on Molson Coors Beverage from $41.00 to $36.00 and set an "underweight" rating for the company in a research note on Friday. Wells Fargo & Company lowered their target price on Molson Coors Beverage from $41.00 to $38.00 and set an "equal weight" rating for the company in a report on Monday, October 5th. Citigroup dropped their price target on Molson Coors Beverage from $42.00 to $40.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 14th. Finally, Weiss Ratings restated a "sell (d)" rating on shares of Molson Coors Beverage in a report on Monday, September 21st. Four research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Reduce" and an average target price of $43.12.

Molson Coors Beverage Trading Up 2.3%

TAP opened at $40.25 on Monday. Molson Coors Beverage has a twelve month low of $35.52 and a twelve month high of $54.82. The company has a fifty day moving average of $39.24 and a 200-day moving average of $40.68. The stock has a market cap of $8.43 billion, a PE ratio of -3.49 and a beta of 0.43. The company has a quick ratio of 0.72, a current ratio of 0.88 and a debt-to-equity ratio of 0.55.

Molson Coors Beverage (NYSE:TAP - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $1.58 EPS for the quarter, beating analysts' consensus estimates of $1.51 by $0.07. Molson Coors Beverage had a negative net margin of 17.83% and a positive return on equity of 9.46%. The business had revenue of $3.10 billion for the quarter, compared to analysts' expectations of $3.08 billion. During the same quarter in the prior year, the firm posted $2.05 earnings per share. The business's quarterly revenue was down 3.3% compared to the same quarter last year. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. On average, sell-side analysts predict that Molson Coors Beverage will post 4.79 EPS for the current year.

Institutional Investors Weigh In On Molson Coors Beverage

Institutional investors and hedge funds have recently made changes to their positions in the business. CX Institutional grew its stake in shares of Molson Coors Beverage by 496.8% in the 2nd quarter. CX Institutional now owns 1,325 shares of the company's stock worth $52,000 after acquiring an additional 1,103 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Molson Coors Beverage by 39.5% in the first quarter. EverSource Wealth Advisors LLC now owns 1,540 shares of the company's stock valued at $66,000 after purchasing an additional 436 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. lifted its position in shares of Molson Coors Beverage by 38.9% during the first quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 2,663 shares of the company's stock valued at $115,000 after purchasing an additional 746 shares in the last quarter. IFP Advisors Inc lifted its position in shares of Molson Coors Beverage by 237.6% during the second quarter. IFP Advisors Inc now owns 2,981 shares of the company's stock valued at $116,000 after purchasing an additional 2,098 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in shares of Molson Coors Beverage by 18.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 3,449 shares of the company's stock valued at $161,000 after purchasing an additional 529 shares in the last quarter. Institutional investors and hedge funds own 78.46% of the company's stock.

Molson Coors Beverage Company Profile

Molson Coors Beverage Company is a global beverage company best known for brewing and marketing beer. Its portfolio includes widely recognized brands such as Coors, Coors Light, Miller Lite, Miller High Life, Molson Canadian, Carling, Blue Moon, Staropramen and Peroni Nastro Azzurro, along with hard seltzers, flavored alcoholic beverages and other adjacent products.

The company serves consumers through a broad network of breweries, distributors and retailers across North America, Europe and other international markets.

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