Molson Coors Beverage (NYSE:TAP) Hits New 1-Year Low - Time to Sell?

Key Points

• Molson Coors shares fell to a new 52-week low of $35.90, trading below both their 50-day and 200-day moving averages. The stock is down despite the company exceeding quarterly earnings and revenue expectations.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $44.06, implying potential upside from current levels. Ratings include four Buys, eleven Holds, and four Sells.
• The company maintains a quarterly dividend of $0.48 per share, equal to a 5.4% annualized yield. However, revenue declined 3.3% year over year, and Molson Coors reported a negative net margin.

Molson Coors Beverage Company (NYSE:TAP - Get Free Report) hit a new 52-week low during mid-day trading on Friday. The company traded as low as $35.90 and last traded at $35.9260, with a volume of 287392 shares. The stock had previously closed at $36.35.

Analyst Ratings Changes

TAP has been the subject of several analyst reports. Needham & Company LLC reiterated a "buy" rating and issued a $50.00 price objective on shares of Molson Coors Beverage in a research report on Friday, August 7th. UBS Group lifted 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 report on Friday, August 7th. Citigroup cut their target price on Molson Coors Beverage from $47.00 to $42.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 14th. Wells Fargo & Company decreased their target price on Molson Coors Beverage from $43.00 to $41.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft set a $41.00 target price on Molson Coors Beverage in a research report on Wednesday, July 22nd. Four analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, Molson Coors Beverage presently has a consensus rating of "Hold" and an average target price of $44.06.

Molson Coors Beverage Stock Down 1.4%

The business has a 50-day simple moving average of $40.72 and a 200-day simple moving average of $41.35. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.72 and a current ratio of 0.88. The company has a market cap of $6.72 billion, a price-to-earnings ratio of -3.11 and a beta of 0.42.

Molson Coors Beverage (NYSE:TAP - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $1.58 earnings per share for the quarter, topping analysts' consensus estimates of $1.51 by $0.07. Molson Coors Beverage had a negative net margin of 17.83% and a positive return on equity of 9.46%. The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same period in the prior year, the firm earned $2.05 earnings per share. The business's quarterly revenue 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, equities analysts anticipate that Molson Coors Beverage Company will post 4.81 earnings per share for the current fiscal year.

Molson Coors Beverage Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, August 28th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend was Friday, August 28th. Molson Coors Beverage's payout ratio is -16.64%.

Hedge Funds Weigh In On Molson Coors Beverage

Several large investors have recently bought and sold shares of TAP. Basepoint Wealth LLC purchased a new stake in Molson Coors Beverage during the 4th quarter worth about $26,000. Larson Financial Group LLC raised its position in shares of Molson Coors Beverage by 551.1% during the 4th quarter. Larson Financial Group LLC now owns 612 shares of the company's stock worth $29,000 after acquiring an additional 518 shares in the last quarter. Clearstead Advisors LLC raised its position in shares of Molson Coors Beverage by 223.0% during the 4th quarter. Clearstead Advisors LLC now owns 659 shares of the company's stock worth $31,000 after acquiring an additional 455 shares in the last quarter. CX Institutional lifted its stake in Molson Coors Beverage by 496.8% during the second quarter. CX Institutional now owns 1,325 shares of the company's stock worth $52,000 after purchasing an additional 1,103 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Molson Coors Beverage by 39.5% during the first quarter. EverSource Wealth Advisors LLC now owns 1,540 shares of the company's stock worth $66,000 after purchasing an additional 436 shares during the last quarter. Hedge funds and other institutional investors own 78.46% of the company's stock.

Molson Coors Beverage Company Profile

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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