Molson Coors Beverage Company (NYSE:TAP) Stock Has Average Target Price of $44.06

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 $44.06, above the stock’s $35.99 opening price.
• Molson Coors beat quarterly expectations, reporting $1.58 in EPS versus the $1.51 consensus and $3.10 billion in revenue. However, revenue fell 3.3% year over year and earnings declined from $2.05 per share.
• The company paid a quarterly dividend of $0.48 per share, equal to an annualized $1.92 dividend and a 5.3% yield. Institutional investors own 78.46% of the company’s outstanding stock.

Shares of Molson Coors Beverage Company (NYSE:TAP - Get Free Report) have been given a consensus rating of "Hold" by the nineteen analysts that are currently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $44.06.

A number of brokerages have commented on TAP. UBS Group boosted their price target on shares of Molson Coors Beverage from $40.00 to $45.00 and gave the company a "neutral" rating in a research note on Friday, August 7th. JPMorgan Chase & Co. boosted their target price on shares of Molson Coors Beverage from $41.00 to $42.00 and gave the stock a "neutral" rating in a research report on Monday, August 10th. Piper Sandler lowered their target price on shares of Molson Coors Beverage from $45.00 to $44.00 and set a "neutral" rating on the stock in a report on Friday, August 7th. Weiss Ratings reissued a "sell (d)" rating on shares of Molson Coors Beverage in a research note on Monday. Finally, TD Cowen upgraded Molson Coors Beverage to a "hold" rating in a report on Friday, June 26th.

Molson Coors Beverage Stock Down 1.0%

TAP stock opened at $35.99 on Friday. The stock's 50 day simple moving average is $40.62 and its 200 day simple moving average is $41.31. The company has a market cap of $6.75 billion, a P/E ratio of -3.12 and a beta of 0.42. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.72 and a current ratio of 0.88. Molson Coors Beverage has a fifty-two week low of $35.67 and a fifty-two week high of $54.82.

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

Molson Coors Beverage Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, August 28th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend was Friday, August 28th. Molson Coors Beverage's payout ratio is currently -16.64%.

Institutional Trading of Molson Coors Beverage

Several institutional investors have recently made changes to their positions in the company. Delta Global Management LP bought a new stake in shares of Molson Coors Beverage in the 4th quarter worth approximately $2,360,000. Fairfax Financial Holdings Ltd. Can lifted its stake in Molson Coors Beverage by 3.8% in the fourth quarter. Fairfax Financial Holdings Ltd. Can now owns 1,338,500 shares of the company's stock valued at $62,495,000 after purchasing an additional 48,429 shares during the last quarter. 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 period. Skylands Capital LLC grew its holdings in Molson Coors Beverage by 38.0% during the first quarter. Skylands Capital LLC now owns 342,800 shares of the company's stock valued at $14,761,000 after purchasing an additional 94,475 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in Molson Coors Beverage by 13,331.1% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 900,692 shares of the company's stock worth $42,044,000 after buying an additional 893,986 shares during the last quarter. Institutional investors own 78.46% of the company's stock.

About Molson Coors Beverage

Molson Coors Beverage Company is a global brewer headquartered in Golden, Colorado, and Montreal, Canada. The company produces, markets and distributes beer and other alcoholic beverages through operations in North America, Europe and other international markets.

Its portfolio includes well-known brands such as Coors, Miller, Molson, Carling, Blue Moon, Leinenkugel's, Peroni Nastro Azzurro, Staropramen and Cobra. Molson Coors also offers a range of flavored alcoholic beverages, hard seltzers and other beverages designed to serve changing consumer preferences.

The company traces its history to the founding of Molson Brewery in Montreal in 1786 and the establishment of Coors Brewing Company in Colorado in 1873.

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