Molson Coors Beverage Company (NYSE:TAP) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Analysts have a consensus “Hold” rating on Molson Coors Beverage, with 11 hold, four sell and four buy recommendations. The average 12-month price target is $44.18, compared with the stock’s opening price of $39.88.
• In its latest quarter, Molson Coors reported adjusted EPS of $1.58, beating expectations of $1.51, while revenue reached $3.10 billion but declined 3.3% year over year.
• The company declared a quarterly dividend of $0.48 per share, equivalent to $1.92 annually and a 4.8% yield; institutional investors own approximately 78.5% of the stock.

Shares of Molson Coors Beverage Company (NYSE:TAP - Get Free Report) have been assigned an average recommendation of "Hold" from the nineteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $44.1765.

A number of analysts recently issued reports on TAP shares. JPMorgan Chase & Co. raised their price objective on shares of Molson Coors Beverage from $41.00 to $42.00 and gave the stock a "neutral" rating in a report on Monday, August 10th. Deutsche Bank Aktiengesellschaft set a $41.00 target price on shares of Molson Coors Beverage in a research report on Wednesday, July 22nd. Jefferies Financial Group decreased their price target on shares of Molson Coors Beverage from $43.00 to $41.00 in a research note on Friday, June 12th. Citigroup lowered their price target on shares of Molson Coors Beverage from $47.00 to $42.00 and set a "neutral" rating on the stock in a report on Tuesday, July 14th. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of Molson Coors Beverage in a research note on Wednesday, June 24th.

Molson Coors Beverage Stock Down 3.8%

Shares of NYSE:TAP opened at $39.88 on Tuesday. The company has a market capitalization of $7.48 billion, a PE ratio of -3.46 and a beta of 0.42. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.88 and a quick ratio of 0.72. The business has a fifty day moving average price of $41.04 and a two-hundred day moving average price of $42.74. Molson Coors Beverage has a 1 year low of $38.04 and a 1 year high of $54.82.

Molson Coors Beverage (NYSE:TAP - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $1.58 EPS for the quarter, topping analysts' consensus estimates of $1.51 by $0.07. The company had revenue of $3.10 billion for the quarter, compared to analysts' expectations of $3.08 billion. Molson Coors Beverage had a positive return on equity of 9.46% and a negative net margin of 17.83%.The business's revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period in the previous year, the business posted $2.05 EPS. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. Analysts forecast that Molson Coors Beverage will post 4.81 earnings per share for the current year.

Molson Coors Beverage Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, August 28th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Friday, August 28th. Molson Coors Beverage's dividend payout ratio (DPR) is currently -16.64%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System increased its holdings in Molson Coors Beverage by 3,413.0% in the 2nd quarter. California State Teachers Retirement System now owns 6,916,569 shares of the company's stock worth $269,470,000 after acquiring an additional 6,719,685 shares during the last quarter. Norges Bank purchased a new stake in Molson Coors Beverage during the fourth quarter valued at about $125,755,000. Goldman Sachs Group Inc. lifted its holdings in Molson Coors Beverage by 265.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,922,022 shares of the company's stock valued at $136,400,000 after purchasing an additional 2,122,085 shares during the last quarter. State Street Corp boosted its position in Molson Coors Beverage by 19.2% during the third quarter. State Street Corp now owns 10,516,810 shares of the company's stock worth $475,886,000 after purchasing an additional 1,693,682 shares during the period. Finally, Royal London Asset Management Ltd. boosted its position in Molson Coors Beverage by 317.9% during the second quarter. Royal London Asset Management Ltd. now owns 2,044,028 shares of the company's stock worth $98,297,000 after purchasing an additional 1,554,851 shares during the period. Hedge funds and other institutional investors own 78.46% of the company's stock.

About Molson Coors Beverage

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.

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