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

Key Points

• The consensus rating for Molson Coors Beverage Company (NYSE:TAP) is "Hold," with one analyst recommending a sell, nine a hold, and six a buy.
• The company's share price has seen revisions recently, with target prices set between $50.00 and $67.00 from various brokerages.
• Molson Coors declared a quarterly dividend of $0.47 per share, representing a 3.9% yield, scheduled for payment on September 19th to shareholders of record on September 5th.

Shares of Molson Coors Beverage Company (NYSE:TAP - Get Free Report) have earned a consensus rating of "Hold" from the sixteen brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $58.1813.

A number of equities research analysts have issued reports on TAP shares. Piper Sandler reduced their target price on shares of Molson Coors Beverage from $58.00 to $53.00 and set a "neutral" rating on the stock in a report on Monday, June 23rd. The Goldman Sachs Group reduced their target price on shares of Molson Coors Beverage from $77.00 to $67.00 and set a "buy" rating on the stock in a report on Wednesday, August 6th. UBS Group reduced their price objective on Molson Coors Beverage from $53.00 to $52.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 6th. Needham & Company LLC reduced their price objective on Molson Coors Beverage from $65.00 to $58.00 and set a "buy" rating on the stock in a research note on Wednesday, August 6th. Finally, Bank of America cut Molson Coors Beverage from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $65.00 to $50.00 in a research note on Friday, June 27th.

Molson Coors Beverage Stock Down 1.3%

NYSE:TAP opened at $47.81 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 0.95 and a debt-to-equity ratio of 0.46. The stock's fifty day moving average is $50.21 and its two-hundred day moving average is $53.91. Molson Coors Beverage has a 52 week low of $46.94 and a 52 week high of $64.66. The stock has a market capitalization of $9.45 billion, a price-to-earnings ratio of 9.43, a price-to-earnings-growth ratio of 1.76 and a beta of 0.69.

Molson Coors Beverage (NYSE:TAP - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $2.05 EPS for the quarter, topping analysts' consensus estimates of $1.83 by $0.22. Molson Coors Beverage had a return on equity of 8.61% and a net margin of 7.81%.The company had revenue of $3.20 billion for the quarter, compared to analysts' expectations of $3.12 billion. During the same period in the prior year, the firm earned $1.92 earnings per share. The firm's revenue was down 1.6% compared to the same quarter last year. Molson Coors Beverage has set its FY 2025 guidance at 5.360-5.540 EPS. Research analysts anticipate that Molson Coors Beverage will post 6.35 EPS for the current year.

Molson Coors Beverage Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, September 5th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Friday, September 5th. Molson Coors Beverage's dividend payout ratio (DPR) is presently 37.08%.

Institutional Trading of Molson Coors Beverage

Several hedge funds have recently modified their holdings of the stock. Osaic Holdings Inc. raised its stake in shares of Molson Coors Beverage by 220.0% in the second quarter. Osaic Holdings Inc. now owns 80,338 shares of the company's stock valued at $3,863,000 after acquiring an additional 55,230 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Molson Coors Beverage by 23.4% in the 2nd quarter. Thrivent Financial for Lutherans now owns 23,657 shares of the company's stock valued at $1,138,000 after acquiring an additional 4,488 shares during the last quarter. Advisory Services Network LLC raised its position in shares of Molson Coors Beverage by 21.3% during the 2nd quarter. Advisory Services Network LLC now owns 20,245 shares of the company's stock worth $986,000 after acquiring an additional 3,551 shares in the last quarter. State of Wyoming lifted its stake in Molson Coors Beverage by 11.7% during the second quarter. State of Wyoming now owns 7,017 shares of the company's stock worth $337,000 after purchasing an additional 736 shares during the last quarter. Finally, Nomura Holdings Inc. boosted its holdings in Molson Coors Beverage by 809.6% in the second quarter. Nomura Holdings Inc. now owns 49,472 shares of the company's stock valued at $2,379,000 after purchasing an additional 44,033 shares in the last quarter. 78.46% of the stock is currently owned by institutional investors and hedge funds.

About Molson Coors Beverage

Molson Coors Beverage Company manufactures, markets, and sells beer and other malt beverage products under various brands in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers flavored malt beverages including hard seltzers, craft, spirits and energy, and ready to drink beverages.

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