Molson Coors Beverage (NYSE:TAP) Upgraded at Wall Street Zen

Molson Coors Beverage (NYSE:TAP - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Saturday.

Other equities analysts also recently issued research reports about the company. TD Cowen cut their price objective on Molson Coors Beverage from $47.00 to $43.00 and set a "hold" rating on the stock in a research report on Friday, February 20th. Zacks Research upgraded Molson Coors Beverage from a "strong sell" rating to a "hold" rating in a research report on Monday, April 13th. Roth Mkm set a $58.00 price target on shares of Molson Coors Beverage in a report on Thursday, February 19th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $42.00 price target on shares of Molson Coors Beverage in a research note on Friday, May 1st. Finally, Wells Fargo & Company lowered their price objective on shares of Molson Coors Beverage from $52.00 to $45.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 8th. Four research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, Molson Coors Beverage currently has an average rating of "Hold" and a consensus price target of $45.71.

Molson Coors Beverage Stock Down 1.7%

Shares of NYSE TAP opened at $42.40 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.54 and a quick ratio of 0.38. The company has a market cap of $7.97 billion, a P/E ratio of -3.98 and a beta of 0.44. Molson Coors Beverage has a 1 year low of $40.64 and a 1 year high of $57.57. The firm has a 50-day simple moving average of $44.04 and a two-hundred day simple moving average of $46.33.

Molson Coors Beverage (NYSE:TAP - Get Free Report) last released its earnings results on Friday, May 1st. The company reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.26. Molson Coors Beverage had a positive return on equity of 9.79% and a negative net margin of 16.14%.The firm had revenue of $2.35 billion for the quarter, compared to analysts' expectations of $2.33 billion. During the same quarter in the prior year, the firm posted $0.50 earnings per share. The company's quarterly revenue was up 2.0% on a year-over-year basis. Research analysts anticipate that Molson Coors Beverage will post 4.74 earnings per share for the current year.

Insider Buying and Selling at Molson Coors Beverage

In other news, Director Andrew Thomas Molson acquired 2,000 shares of the business's stock in a transaction dated Monday, March 9th. The shares were purchased at an average price of $46.67 per share, with a total value of $93,340.00. Following the transaction, the director directly owned 24,654 shares in the company, valued at approximately $1,150,602.18. This represents a 8.83% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.27% of the company's stock.

Institutional Investors Weigh In On Molson Coors Beverage

Several institutional investors have recently bought and sold shares of the company. GoalVest Advisory LLC purchased a new position in Molson Coors Beverage in the fourth quarter worth $25,000. SBI Securities Co. Ltd. lifted its holdings in shares of Molson Coors Beverage by 84.1% during the 4th quarter. SBI Securities Co. Ltd. now owns 534 shares of the company's stock valued at $25,000 after purchasing an additional 244 shares during the last quarter. Root Financial Partners LLC acquired a new stake in shares of Molson Coors Beverage in the 3rd quarter worth $25,000. Basepoint Wealth LLC purchased a new position in Molson Coors Beverage during the 4th quarter worth $26,000. Finally, Smartleaf Asset Management LLC grew its stake in Molson Coors Beverage by 64.2% during the 2nd quarter. Smartleaf Asset Management LLC now owns 565 shares of the company's stock worth $27,000 after buying an additional 221 shares during 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 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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