Molson Coors Beverage Company (NYSE:TAP) Stock Has Average Target Price of $43.12 According to Analysts

Key Points

• Analysts maintain a “Hold” consensus on Molson Coors Beverage, with 11 hold, four sell and four buy ratings. The average 12-month price target is $43.12, modestly above the reported $40.25 share price.
• Recent quarterly results exceeded expectations, with earnings per share of $1.58 versus the $1.51 consensus and revenue of $3.10 billion. However, revenue declined 3.3% year over year, and analysts have generally lowered their price targets.
• Institutional investors control 78.46% of the stock, with several hedge funds increasing their positions or initiating new stakes. The shares have traded between $35.52 and $54.82 over the past year.

Molson Coors Beverage Company (NYSE:TAP - Get Free Report) has been given an average rating of "Hold" by the nineteen analysts that are covering the stock, MarketBeat reports. Four analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $43.12.

A number of equities analysts have recently commented on TAP shares. Citigroup reduced their target price on shares of Molson Coors Beverage from $42.00 to $40.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 14th. Deutsche Bank Aktiengesellschaft set a $41.00 price target on shares of Molson Coors Beverage in a research note on Wednesday, July 22nd. Needham & Company LLC reiterated a "buy" rating and issued a $50.00 price target on shares of Molson Coors Beverage in a report on Friday, August 7th. Wells Fargo & Company dropped their price objective on Molson Coors Beverage from $41.00 to $38.00 and set an "equal weight" rating on the stock in a research note on Monday, October 5th. Finally, Piper Sandler dropped their price objective on Molson Coors Beverage from $45.00 to $44.00 and set a "neutral" rating on the stock in a research note on Friday, August 7th.

Molson Coors Beverage Trading Up 2.3%

TAP stock opened at $40.25 on Wednesday. The company has a market capitalization of $8.43 billion, a PE ratio of -3.49 and a beta of 0.43. Molson Coors Beverage has a 12 month low of $35.52 and a 12 month high of $54.82. The firm's 50-day moving average is $39.24 and its 200 day moving average is $40.68. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.88 and a quick ratio of 0.72.

Molson Coors Beverage (NYSE:TAP - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $1.58 earnings per share for the quarter, beating analysts' consensus estimates of $1.51 by $0.07. The company had revenue of $3.10 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter last year, the business posted $2.05 EPS. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. On average, research analysts anticipate that Molson Coors Beverage will post 4.79 EPS for the current year.

Institutional Investors Weigh In On Molson Coors Beverage

Several hedge funds have recently made changes to their positions in the company. Nykredit A S purchased a new stake in Molson Coors Beverage during the second quarter worth $43,375,000. Wilsey Asset Management Inc. boosted its position in Molson Coors Beverage by 8.9% during the 1st quarter. Wilsey Asset Management Inc. now owns 675,726 shares of the company's stock valued at $29,097,000 after acquiring an additional 55,465 shares in the last quarter. Squarepoint Ops LLC boosted its position in Molson Coors Beverage by 8.1% during the 2nd quarter. Squarepoint Ops LLC now owns 1,190,275 shares of the company's stock valued at $46,373,000 after acquiring an additional 89,398 shares in the last quarter. Core Capital Management & Research inc. purchased a new position in shares of Molson Coors Beverage in the 2nd quarter valued at $7,905,000. Finally, Skylands Capital LLC increased its holdings in shares of Molson Coors Beverage by 38.0% in the 1st quarter. Skylands Capital LLC now owns 342,800 shares of the company's stock valued at $14,761,000 after acquiring an additional 94,475 shares during the period. 78.46% of the stock is currently owned by hedge funds and other institutional investors.

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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