Molson Coors Beverage (NYSE:TAP) Price Target Cut to $46.00 by Analysts at Needham & Company LLC

Key Points

• Needham cut its price target on Molson Coors from $50 to $46 but maintained a Buy rating, implying 13.76% upside from the share price cited in the report.
• Analyst views are mostly cautious: MarketBeat lists a consensus “Reduce” rating and an average price target of $42.65, with 3 Buy, 9 Hold and 6 Sell ratings.
• Quarterly EPS of $1.46 narrowly beat estimates, but revenue fell 1.6% year over year and missed expectations; the article also cites soft beer demand and the company’s lowered 2026 forecasts as investor risks.

Molson Coors Beverage (NYSE:TAP - Get Free Report) had its price target dropped by equities research analysts at Needham & Company LLC from $50.00 to $46.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. Needham & Company LLC's price objective would suggest a potential upside of 13.76% from the company's current price.

Several other analysts also recently commented on the company. JPMorgan Chase & Co. cut their target price on Molson Coors Beverage from $42.00 to $41.00 and set a "neutral" rating on the stock in a research note on Monday, October 26th. BNP Paribas Exane decreased their price target on Molson Coors Beverage from $34.00 to $33.00 and set an "underperform" rating for the company in a research note on Friday, September 18th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Molson Coors Beverage in a research report on Monday, September 21st. Citigroup reduced their price objective on Molson Coors Beverage from $42.00 to $40.00 and set a "neutral" rating for the company in a report on Wednesday, October 14th. Finally, Wells Fargo & Company downgraded Molson Coors Beverage from an "equal weight" rating to an "underweight" rating and reduced their price objective for the stock from $38.00 to $36.00 in a report on Friday. Three equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and six have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Reduce" and an average target price of $42.65.

Molson Coors Beverage Stock Down 4.2%

Shares of NYSE TAP traded down $1.79 during midday trading on Friday, hitting $40.44. The stock had a trading volume of 2,495,440 shares, compared to its average volume of 3,365,721. The business's 50 day moving average is $38.98 and its 200-day moving average is $42.36. Molson Coors Beverage has a 52 week low of $35.52 and a 52 week 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 market cap of $8.47 billion, a P/E ratio of -3.51 and a beta of 0.45.

Molson Coors Beverage (NYSE:TAP - Get Free Report) last announced its quarterly earnings results on Thursday, November 5th. The company reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.02. Molson Coors Beverage had a negative net margin of 17.83% and a positive return on equity of 9.46%. The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter last year, the firm earned $1.67 earnings per share. The firm's quarterly revenue was down 1.6% compared to the same quarter last year. As a group, analysts predict that Molson Coors Beverage will post 4.77 EPS for the current year.

Institutional Investors Weigh In On Molson Coors Beverage

A number of hedge funds have recently added to or reduced their stakes in TAP. Dimensional Fund Advisors LP grew its holdings in shares of Molson Coors Beverage by 10.4% in the first quarter. Dimensional Fund Advisors LP now owns 8,363,157 shares of the company's stock valued at $360,117,000 after purchasing an additional 790,314 shares in the last quarter. Bank of New York Mellon Corp increased its position in 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 worth $143,236,000 after purchasing an additional 469,607 shares during the last quarter. Nykredit A S purchased a new stake in Molson Coors Beverage during the second quarter valued at $58,423,000. Bank of America Corp DE raised its stake in Molson Coors Beverage by 36.5% during 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 in the last quarter. Finally, Squarepoint Ops LLC lifted 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 valued at $46,373,000 after purchasing an additional 89,398 shares during the last quarter. 78.46% of the stock is currently owned by hedge funds and other institutional investors.

Molson Coors Beverage News Roundup

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

• Neutral Sentiment: Third-quarter EPS of $1.46 narrowly beat some consensus estimates, though it was below the year-ago $1.67; revenue of $2.93 billion fell short of estimates and declined 1.6% year over year. Earnings results
• Neutral Sentiment: Piper Sandler lowered its price target from $44 to $43 but maintained a neutral rating. Piper Sandler rating
• Negative Sentiment: Molson Coors cut its 2026 sales and earnings forecasts, citing continued soft beer demand and a difficult economic backdrop. The outlook reset is a key risk for investors. Company cuts outlook
• Negative Sentiment: Rising costs are weighing on results and margins, while Wells Fargo sees sales pressure and increased inflation risks extending into 2027. Wells Fargo outlook
• Negative Sentiment: Wells Fargo downgraded TAP from equal weight to underweight and cut its target from $38 to $36, signaling expectations of further downside. Wells Fargo downgrade

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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