Molson Coors Beverage (NYSE:TAP) Reaches New 12-Month Low - Here's What Happened

Key Points

• Molson Coors shares fell to a new 52-week low of $37.85, closing near $38.08 and trading below both its 50-day and 200-day moving averages.
• Analyst sentiment remains mixed but leans toward caution: the stock has a consensus “Hold” rating and an average price target of $44.18, with recent target cuts from several firms.
• Although quarterly EPS and revenue slightly exceeded estimates, revenue declined 3.3% year over year. The company announced a quarterly dividend of $0.48 per share, equivalent to a 5.0% annualized yield.

Molson Coors Beverage Company (NYSE:TAP - Get Free Report) shares hit a new 52-week low on Thursday . The stock traded as low as $37.85 and last traded at $38.08, with a volume of 124617 shares. The stock had previously closed at $38.48.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their price objective 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. Sanford C. Bernstein decreased their target price on shares of Molson Coors Beverage from $74.00 to $45.00 and set a "market perform" rating for the company in a research report on Tuesday, May 26th. Needham & Company LLC reiterated a "buy" rating and issued a $50.00 price target on shares of Molson Coors Beverage in a research note on Friday, August 7th. Wells Fargo & Company cut their price target on shares of Molson Coors Beverage from $43.00 to $41.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 8th. Finally, BNP Paribas Exane reduced their price objective on shares of Molson Coors Beverage from $36.00 to $35.00 and set an "underperform" rating for the company in a research note on Wednesday, June 3rd. Four research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, Molson Coors Beverage has a consensus rating of "Hold" and an average price target of $44.18.

Molson Coors Beverage Trading Down 0.6%

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 firm has a fifty day moving average price of $41.03 and a 200 day moving average price of $42.14. The company has a market cap of $7.17 billion, a price-to-earnings ratio of -3.31 and a beta of 0.42.

Molson Coors Beverage (NYSE:TAP - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.07. The firm had revenue of $3.10 billion for 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 company's quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.05 earnings per share. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. As a group, equities analysts predict that Molson Coors Beverage Company will post 4.81 EPS for the current fiscal year.

Molson Coors Beverage Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 28th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Friday, August 28th. Molson Coors Beverage's dividend payout ratio is presently -16.64%.

Institutional Investors Weigh In On Molson Coors Beverage

Several hedge funds have recently bought and sold shares of the company. Geneos Wealth Management Inc. increased its position in Molson Coors Beverage by 32.9% during the first quarter. Geneos Wealth Management Inc. now owns 800 shares of the company's stock worth $49,000 after buying an additional 198 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of Molson Coors Beverage by 16.5% during the 4th quarter. UMB Bank n.a. now owns 1,467 shares of the company's stock worth $68,000 after acquiring an additional 208 shares during the period. New York Life Investment Management LLC increased its holdings in shares of Molson Coors Beverage by 0.9% during the 4th quarter. New York Life Investment Management LLC now owns 22,904 shares of the company's stock worth $1,069,000 after acquiring an additional 210 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of 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 acquiring an additional 221 shares during the last quarter. Finally, SBI Securities Co. Ltd. raised its stake in Molson Coors Beverage by 84.1% in the 4th quarter. SBI Securities Co. Ltd. now owns 534 shares of the company's stock valued at $25,000 after acquiring an additional 244 shares during the period. 78.46% of the stock is currently owned by institutional investors and hedge funds.

Molson Coors Beverage Company Profile

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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