Molson Coors Beverage (NYSE:TAP) Sets New 12-Month Low - Here's Why

Molson Coors Beverage Company (NYSE:TAP - Get Free Report)'s stock price hit a new 52-week low during trading on Saturday . The company traded as low as $37.31 and last traded at $37.55, with a volume of 49898215 shares changing hands. The stock had previously closed at $39.08.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TAP. JPMorgan Chase & Co. upped their price target on shares of Molson Coors Beverage from $41.00 to $42.00 and gave the stock a "neutral" rating in a report on Monday, August 10th. Jefferies Financial Group decreased their price objective on Molson Coors Beverage from $43.00 to $41.00 in a report on Friday, June 12th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Molson Coors Beverage in a report on Wednesday, June 24th. Needham & Company LLC reiterated a "buy" rating and set a $50.00 target price on shares of Molson Coors Beverage in a research report on Friday, August 7th. Finally, Wells Fargo & Company dropped their price target on Molson Coors Beverage from $43.00 to $41.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 8th. Four equities 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 company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $44.18.

Molson Coors Beverage Trading Down 3.9%

The business's 50-day moving average is $40.98 and its two-hundred day moving average is $41.69. The company has a current ratio of 0.88, a quick ratio of 0.72 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $7.04 billion, a PE ratio of -3.25 and a beta of 0.42.

Molson Coors Beverage (NYSE:TAP - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $1.58 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.08 billion. During the same period last year, the business earned $2.05 EPS. The firm'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, analysts predict that Molson Coors Beverage Company will post 4.81 earnings per share for the current year.

Molson Coors Beverage Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, August 28th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend was Friday, August 28th. Molson Coors Beverage's dividend payout ratio is presently -16.64%.

Institutional Investors Weigh In On Molson Coors Beverage

A number of institutional investors have recently bought and sold shares of TAP. Delta Global Management LP bought a new position in shares of Molson Coors Beverage in the 4th quarter valued at about $2,360,000. Fairfax Financial Holdings Ltd. Can lifted its holdings in Molson Coors Beverage by 3.8% during the fourth quarter. Fairfax Financial Holdings Ltd. Can now owns 1,338,500 shares of the company's stock worth $62,495,000 after acquiring an additional 48,429 shares in the last quarter. Wilsey Asset Management Inc. raised its holdings in Molson Coors Beverage by 8.9% during the 1st quarter. Wilsey Asset Management Inc. now owns 675,726 shares of the company's stock worth $29,097,000 after buying an additional 55,465 shares during the period. Skylands Capital LLC boosted its stake in Molson Coors Beverage by 38.0% in the 1st quarter. Skylands Capital LLC now owns 342,800 shares of the company's stock worth $14,761,000 after purchasing an additional 94,475 shares during the period. Finally, Jefferies Financial Group Inc. lifted its stake in Molson Coors Beverage by 187.9% in the 4th quarter. Jefferies Financial Group Inc. now owns 43,318 shares of the company's stock valued at $2,022,000 after acquiring an additional 28,272 shares in the last quarter. 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 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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