Molson Coors Beverage (NYSE:TAP) Downgraded by JPMorgan Chase & Co. to "Underweight"

Key Points

• JPMorgan downgraded Molson Coors from “neutral” to “underweight” and cut its price target from $41 to $37, implying 8.1% downside from the previous close.
• Analyst sentiment is broadly cautious: MarketBeat reported a “Reduce” consensus rating and an average price target of $42.41, with seven sell ratings, eight holds and three buys.
• In its latest reported quarter, Molson Coors posted EPS of $1.46, slightly above estimates, while revenue of $2.93 billion fell short of forecasts and declined 1.6% year over year.

Molson Coors Beverage (NYSE:TAP - Get Free Report) was downgraded by equities researchers at JPMorgan Chase & Co. from a "neutral" rating to an "underweight" rating in a note issued to investors on Monday, FinViz reports. They presently have a $37.00 target price on the stock, down from their prior target price of $41.00. JPMorgan Chase & Co.'s target price points to a potential downside of 8.10% from the stock's previous close.

A number of other brokerages also recently commented on TAP. Zacks Research downgraded shares of Molson Coors Beverage from a "hold" rating to a "strong sell" rating in a report on Monday, October 19th. Barclays lowered their price target on shares of Molson Coors Beverage from $41.00 to $36.00 and set an "underweight" rating on the stock in a report on Friday, October 16th. Piper Sandler cut their price objective on shares of Molson Coors Beverage from $44.00 to $43.00 and set a "neutral" rating on the stock in a research report on Friday. Deutsche Bank Aktiengesellschaft set a $41.00 price objective on shares of Molson Coors Beverage in a research note on Wednesday, July 22nd. Finally, UBS Group increased their target price on shares of Molson Coors Beverage from $40.00 to $45.00 and gave the company a "neutral" rating in a research report on Friday, August 7th. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and seven have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus target price of $42.41.

Molson Coors Beverage Trading Down 0.2%

TAP opened at $40.26 on Monday. The firm has a market cap of $8.44 billion, a price-to-earnings ratio of 8.57 and a beta of 0.45. The company has a current ratio of 0.86, a quick ratio of 0.60 and a debt-to-equity ratio of 0.54. Molson Coors Beverage has a 12 month low of $35.52 and a 12 month high of $54.82. The stock has a fifty day moving average price of $38.95 and a 200-day moving average price of $42.31.

Molson Coors Beverage (NYSE:TAP - Get Free Report) last issued its quarterly earnings data on Thursday, November 5th. The company reported $1.46 earnings per share for the quarter, beating analysts' consensus estimates of $1.44 by $0.02. Molson Coors Beverage had a return on equity of 8.92% and a net margin of 6.95%. The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter last year, the company earned $1.67 earnings per share. The firm's revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Molson Coors Beverage will post 4.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Molson Coors Beverage

Hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its position in Molson Coors Beverage by 10.4% during the first quarter. Dimensional Fund Advisors LP now owns 8,363,157 shares of the company's stock worth $360,117,000 after acquiring an additional 790,314 shares during the period. Bank of New York Mellon Corp grew its position in shares of Molson Coors Beverage by 16.4% in the first quarter. Bank of New York Mellon Corp now owns 3,326,427 shares of the company's stock valued at $143,236,000 after purchasing an additional 469,607 shares during the period. Nykredit A S acquired a new stake in shares of Molson Coors Beverage in the second quarter valued at about $58,423,000. Bank of America Corp DE grew its position in shares of Molson Coors Beverage by 36.5% in the first quarter. Bank of America Corp DE now owns 1,187,921 shares of the company's stock valued at $51,152,000 after purchasing an additional 317,387 shares during the period. Finally, Squarepoint Ops LLC increased its stake in shares of Molson Coors Beverage by 8.1% during the second quarter. Squarepoint Ops LLC now owns 1,190,275 shares of the company's stock worth $46,373,000 after purchasing an additional 89,398 shares in the last quarter. Institutional investors and hedge funds own 78.46% of the company's stock.

Key Molson Coors Beverage News

Here are the key news stories impacting Molson Coors Beverage this week:

• Positive Sentiment: Needham & Company maintained a “buy” rating, despite lowering its price target from $50 to $46. The revised target still implies potential upside from the reference price. Needham analyst recommendations
• Neutral Sentiment: Piper Sandler cut its target from $44 to $43 and kept a “neutral” rating, signaling limited conviction in a near-term recovery. Piper Sandler analyst recommendations
• Negative Sentiment: Wells Fargo downgraded TAP from “equal weight” to “underweight” and lowered its target to $36 from $38, citing sales pressure and greater inflation risks extending into 2027. Wells Fargo analyst recommendations Wells Fargo sales and inflation outlook
• Negative Sentiment: Third-quarter revenue was about $2.93 billion, below estimates and down 1.6% year over year. EPS of $1.46 was lower than the $1.67 reported a year earlier and narrowly missed some estimates, though it topped other consensus figures. Weak demand and cost inflation are squeezing results. Q3 earnings and cost inflation
• Negative Sentiment: Molson Coors cut its 2026 sales and earnings outlook and expects soft beer demand to persist, raising concerns about continued revenue and profit pressure. Molson Coors cuts outlook

About Molson Coors Beverage

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