Molson Coors Beverage (NYSE:TAP) Price Target Cut to $41.00 by Analysts at JPMorgan Chase & Co.

Key Points

• JPMorgan cut Molson Coors Beverage’s price target from $42 to $41 while maintaining a neutral rating, implying roughly 3.17% upside from the reported share price.
• Analyst sentiment is broadly cautious: the stock has an average “Reduce” rating and a consensus price target of $43.06, with 4 Buy, 10 Hold, and 5 Sell ratings.
• Shares fell 3.6% to $39.74. Despite quarterly EPS and revenue beating estimates, revenue declined 3.3% year over year and the company reported a negative net margin.

Molson Coors Beverage (NYSE:TAP - Get Free Report) had its price objective cut by equities research analysts at JPMorgan Chase & Co. from $42.00 to $41.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective suggests a potential upside of 3.17% from the stock's current price.

Several other equities analysts have also recently commented on the stock. Wells Fargo & Company lowered their price target on shares of Molson Coors Beverage from $41.00 to $38.00 and set an "equal weight" rating on the stock in a report on Monday, October 5th. BNP Paribas Exane cut their price objective on Molson Coors Beverage from $34.00 to $33.00 and set an "underperform" rating for the company in a report on Friday, September 18th. Weiss Ratings reissued a "sell (d)" rating on shares of Molson Coors Beverage in a research report on Monday, September 21st. TD Cowen dropped their target price on Molson Coors Beverage from $43.00 to $37.00 and set a "hold" rating on the stock in a research report on Tuesday, October 13th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $50.00 price target on shares of Molson Coors Beverage in a research note on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Reduce" and an average price target of $43.06.

Molson Coors Beverage Stock Down 3.6%

Shares of TAP traded down $1.47 during trading hours on Monday, reaching $39.74. The company's stock had a trading volume of 821,975 shares, compared to its average volume of 3,342,056. The firm has a market cap of $8.33 billion, a price-to-earnings ratio of -3.44 and a beta of 0.43. Molson Coors Beverage has a 1-year low of $35.52 and a 1-year high of $54.82. The company has a quick ratio of 0.72, a current ratio of 0.88 and a debt-to-equity ratio of 0.55. The company has a 50 day moving average of $39.16 and a two-hundred day moving average of $40.61.

Molson Coors Beverage (NYSE:TAP - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.51 by $0.07. The business had revenue of $3.10 billion during the quarter, compared to analysts' expectations of $3.08 billion. Molson Coors Beverage had a negative net margin of 17.83% and a positive return on equity of 9.46%. The firm's quarterly revenue was down 3.3% compared to the same quarter last year. During the same period last year, the company posted $2.05 earnings per share. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. As a group, research analysts predict that Molson Coors Beverage will post 4.78 EPS for the current fiscal year.

Institutional Trading of Molson Coors Beverage

Institutional investors and hedge funds have recently made changes to their positions in the stock. Nykredit A S acquired a new stake in Molson Coors Beverage in the 2nd quarter worth approximately $43,375,000. Squarepoint Ops LLC boosted its position in 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 during the period. Wilsey Asset Management Inc. grew its holdings in Molson Coors Beverage by 8.9% during the first quarter. Wilsey Asset Management Inc. now owns 675,726 shares of the company's stock valued at $29,097,000 after purchasing an additional 55,465 shares during the last quarter. Core Capital Management & Research inc. acquired a new position in Molson Coors Beverage during the second quarter valued at approximately $7,905,000. Finally, SG Americas Securities LLC raised its position in shares of Molson Coors Beverage by 144.4% in the first quarter. SG Americas Securities LLC now owns 114,570 shares of the company's stock valued at $4,933,000 after purchasing an additional 67,693 shares during the period. Institutional investors and hedge funds own 78.46% of the company's stock.

About Molson Coors Beverage

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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